Karachi: Pakistan’s Oil Marketing Companies (OMCs) faced a significant downturn in sales for May 2026, with figures falling by 23% compared to the same month the previous year and 14% from the previous month. This decline comes amid rising fuel prices…
Karachi: Earnings estimates for Pakistan’s fertilizer sector have been revised upward by an average of 13% for the years 2026 to 2028, reflecting improved urea retention prices and stronger agricultural activity. This revision has prompted an upgrade …
Karachi: Pakistan’s local cement dispatches are projected to experience a year-on-year decline of 17% in May 2026, equating to approximately 3.20 million tons. This anticipated decrease is attributed primarily to a reduced number of working days resul…
Karachi: Pakistan’s urea sales in May 2026 are forecasted to remain stable year-on-year with a volume of 419,000 tons, despite a 10 percent decrease month-on-month. According to JS Global, this monthly decline is attributed to the conclusion of initia…
Muzaffarabad: The Bank of Azad Jammu and Kashmir (BAJK) has achieved a historic milestone by formally lodging its application for the grant of Scheduled Bank Licence with the State Bank of Pakistan (SBP).
According to State Bank of Pakistan, the ap…
Riyadh: Saudia, the national airline of Saudi Arabia, has taken delivery of its first Airbus A321XLR, becoming the first in the Middle East and Africa to operate the long-range narrow-body aircraft. This development aligns with Saudia’s strategy to ex…
Karachi: The United Business Group (UBG) has urged the government to adopt its recommendations for the Federal Budget 2026-27, emphasizing tax reductions and economic reforms to boost investment and economic growth. Zubair Tufail, UBG President, propo…