Business

This category covers all news related Business & Finance

Shell Pakistan Reports Strong Earnings, Announces Major Stake Sale

Karachi, Shell Pakistan held its corporate analyst briefing for the first nine months of calendar year 2023 (9MCY23), focusing on its robust financial performance and providing updates on the significant sale of a majority stake in the company.Accordin...

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Pakistan Market Exhibits Positive Trend as KSE-100 Climbs, Analysts Advise Caution

Karachi, The Karachi Stock Exchange's benchmark KSE-100 index displayed a positive trend by closing at 57,372 points, marking an increase of 294 points from the previous day. Trading volumes rose significantly, with 1,012 million shares exchanged compa...

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Huawei and MTN South Africa Honored with “Sustainability Champion Award” at AfricaCom 2023

Cape Town, Huawei and MTN South Africa were awarded the "Sustainability Champion of the Year" at AfricaCom, the largest annual telecommunications industry event in Africa. The award recognizes their innovative contributions to sustainable solutions in ...

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Huawei and ITU Make Significant Progress in Digital Inclusion and Sustainable Development

Dongguan, Huawei has made significant strides in promoting digital inclusion by bringing connectivity to 90 million people in remote regions across nearly 80 countries. This achievement is part of its commitment to the International Telecommunication U...

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Karachi Business Community Appeals for Reduction in Gas Tariff to Rs1350 per MMBtu

Karachi, The Karachi Chamber of Commerce & Industry (KCCI), along with all seven Industrial Town Associations and Value-Added Textile Associations, has made a strong appeal to the government to reduce the gas tariff to Rs1350 per MMBtu, which is the 10...

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LOADS Faces Financial Challenges in FY23 Amid Auto Sector Decline

Karachi, a prominent player in the auto components industry, held an analyst briefing to discuss its financial results for the fiscal year 2023 (FY23) and its future outlook. The company reported a significant loss of PkR5.23 per share in FY23, compare...

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Pakistan Market: KSE-100 Index Shows Volatility, Expected to Consolidate

Karachi, The KSE-100 index, a key benchmark for the Pakistan stock market, experienced a volatile trading session, closing marginally higher by 15 points at 57,078. Trading volumes were recorded at 718 million shares, a decrease from the 902 million sh...

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