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Overcoming Adversity: New Dadu Sugar Mills’ Resilient Journey

BUSINESS, INTERNATIONAL, PAKISTANUpdated:May 6, 2024ShareTwitter FacebookEmailLink

In the heart of District Dadu, Sindh, amidst the fertile lands where sugarcane thrives, stands a testament to resilience - New Dadu Sugar Mills. Established in 2008, this sugar industry pioneer embarked on a journey fraught with challenges yet emerged victorious through sheer determination and adaptability. Inception amidst Adversity: The inception of New Dadu Sugar Mills coincided…

Environmental Sustainability Initiatives at New Dadu Sugar Mills

BUSINESS, PAKISTAN, SCIENCE & TECHNOLOGYUpdated:May 6, 2024ShareTwitter FacebookEmailLink

While New Dadu Sugar Mills is a major sugar producer in Pakistan, their story goes beyond simply refining sugar cane. The mill, which restarted operations in 2008 under the ownership of the Omni Group, has emerged as a champion for environmental sustainability within the sugar industry. A History of Revival and Modernization: Previously run by the government,…

Pioneering FCB Plant Innovation at New Dadu Sugar Mills

BUSINESS, ENTERTAINMENT, HEALTH, INTERNATIONAL, PAKISTAN, SCIENCE & TECHNOLOGYUpdated:May 6, 2024ShareTwitter FacebookEmailLink

Nestled in the heart of District Dadu, Sindh, New Dadu Sugar Mills stands as a testament to innovation and excellence in the sugar industry. Formerly operated by the Government of Pakistan under the Pakistan International Development Corporation (PIDC), the mill underwent a remarkable transformation upon its acquisition by Omni Group in July 2008, emerging as…

Adidas plan for Samba and Gazelle sneakers revealed

Adidas plan for Samba and Gazelle sneakers revealed

BUSINESSUpdated:May 3, 2024ShareTwitter FacebookEmailLink

" Adidas aims to build on hot demand for its three-striped white and black Samba and multi-coloured Gazelle sneakers, it’s also taking steps to prevent the shoes from becoming victims of their own success. The German sportswear giant ramped up production of the sneakers, known as “terrace shoes” and inspired by soccer fans’ footwear in…

design ibrahim yahya

Trade deficit widens by 181% in April

BUSINESSUpdated:May 3, 2024ShareTwitter FacebookEmailLink

" ISLAMABAD: For the second month in a row, Pakistan’s trade deficit multiplied and clocked in at $2.4 billion in April, which was 181% more than the same month of the last year due to dismal performance of exports and an uptick in imports. The monthly trade bulletin provides insight into how the country’s external…

Finance Minister calls for measures to enhance Tax-to-GDP ratio

Finance Minister calls for measures to enhance Tax-to-GDP ratio

BUSINESSUpdated:May 3, 2024ShareTwitter FacebookEmailLink

" ISLAMABAD: Federal Minister for Finance and Revenue, Muhammad Aurangzeb on Friday highlighted the importance of devising strategies to enhance tax-to-GDP ratio and broaden the tax base to maximize revenue collection. The minister visited the Federal Board of Revenue (FBR) Headquarters and during a meeting with Chairman FBR and Members of the Board called for…

norway s crown is under pressure and property woes and a weakening economy have also battered sweden s crown which last week hit a record low versus the euro amid a sense that rates there cannot climb much higher photo reuters

OECD upgrades global growth forecast

BUSINESSUpdated:May 3, 2024ShareTwitter FacebookEmailLink

" PARIS: The global economy is growing faster than expected only a few months ago thanks to resilient US activity while inflation is converging more quickly than expected with central banks’ targets, the OECD said on Thursday, upgrading its outlook. The global economy would maintain the 3.1% growth rate seen last year and pick up…

Bulls return to PSX as shares gain over 1,200 points

Bulls return to PSX as shares gain over 1,200 points

BUSINESSUpdated:May 3, 2024ShareTwitter FacebookEmailLink

" Following three consecutive sessions of subdued performance, bulls returned to the Pakistan Stock Exchange (PSX) as shares surged by over 1200 points, ARY News reported. The benchmark KSE-100 index gained 1272.13, or 1.8 per cent, to stand at 71,929.77 points from the previous close of 70,657.64. Experts noted that the market is regaining momentum…

the adf is adb s largest source of grants for operations in its poorest and most vulnerable developing member countries and is replenished every four years photo file

ADB, donors agree $5b ADF replenishment; grants also available for Pakistan

BUSINESSUpdated:May 3, 2024ShareTwitter FacebookEmailLink

" TBILISI: Donors and the Asian Development Bank (ADB) have agreed to a replenishment of $5 billion for ADB’s Asian Development Fund (ADF) 14 and Technical Assistance Special Fund (TASF) 8, with Pakistan emerging as a recipient of the grants. The commitment was made during ADB’s 57th annual meeting held in Tbilisi, Georgia, said a press…

Dollar rate in Pakistan today; April 26, 2024

Dollar rate in Pakistan today; May 03, 2024

BUSINESSUpdated:May 3, 2024ShareTwitter FacebookEmailLink

" KARACHI: Pakistani Rupee on Friday strengthen Rs 0.9 paisa against the US dollar in the interbank trading, closing at Rs 278.21 against the previous day’s closing of Rs 278.30. According to the Forex Association of Pakistan (FAP), the buying and selling rates of the dollar in the open market were recorded at Rs 276.82…

photo file

Shrinking auto sales force price reductions

BUSINESSUpdated:May 3, 2024ShareTwitter FacebookEmailLink

" KARACHI: Lucky Motor Corporation (LMC) ceased booking for the KIA Stonic Ex+ after it was overbooked, following a reduction in price of over 1.5 million. Additionally, Pak Suzuki Motor Company (PSMC) lowered the prices of three Swift variants by up to Rs710,000 due to market conditions and dynamics. The reduction of the KIA Stonic…

Pakistan's weekly inflation drops by 1pc

Pakistan’s weekly inflation drops by 1pc

BUSINESSUpdated:May 3, 2024ShareTwitter FacebookEmailLink

" KARACHI: The weekly inflation evaluated by the Sensitive Price Indicator (SPI), showed a decrease of one percent for the combined consumption groups during the week ended on May 02, ARY News reported on Friday, citing data released by Pakistan Bureau of Statistics (PBS). The SPI for the current week within the aforementioned group stands…

petrol پیٹرول و ڈیزل

11% decline in sales of petroleum products on annual basis

BUSINESSUpdated:May 3, 2024ShareTwitter FacebookEmailLink

" In the first 10 months of the current financial year, sales of petroleum products have recorded a decrease of 11 percent on annual basis. The schedule of the national team's visit to South Africa continues According to OCAC and Topline Securities, from July 2023 to the end of April 2024, the country recorded sales…

Experts advocate green financing

Experts advocate green financing

BUSINESSUpdated:May 3, 2024ShareTwitter FacebookEmailLink

" ISLAMABAD: Experts have called on the government and State Bank of Pakistan (SBP) to implement targeted policy measures aimed at unlocking the potential of renewable energy financing, thereby driving the country’s transition towards sustainable and renewable energy sources. This call was made during the launch of a study conducted by the Islamabad-based think tank Policy…

LPG price 'slashed' by Rs20 per kg

LPG price ‘slashed’ by Rs20 per kg

BUSINESSUpdated:May 3, 2024ShareTwitter FacebookEmailLink

" QUETTA: The prices of liquefied petroleum gas (LPG) have been slashed by Rs 20 per kilogram in Quetta, ARY News reported citing market sources. According to sources, the LPG rates are reduced by Rs 20 taking the price from Rs 280 to Rs 260 per kilogram. Its worth mentioning here that the LPG…

‘Asia is unprepared for aging population’

‘Asia is unprepared for aging population’

BUSINESSUpdated:May 3, 2024ShareTwitter FacebookEmailLink

" ISLAMABAD: Developing Asia and the Pacific is ill-prepared to safeguard the well-being of its rapidly aging population, facing challenges ranging from low pension coverage to health issues, social isolation, and restricted access to essential services. While longer lifespans signify the region’s development triumph, urgent policy reforms are essential to uphold the welfare of older individuals,…

photo reuters file

Bearish run continues on profit-taking

BUSINESSUpdated:May 3, 2024ShareTwitter FacebookEmailLink

" KARACHI: Pakistan Stock Exchange (PSX) on Thursday faced an extended selling spree in a topsy-turvy session on account of institutional profit-taking amid a global crude price slump and decrease in Pakistan’s exports, which pushed the KSE-100 index below the 71,000-point mark. Earlier, trading began at the intra-day high of 71,292.83 points, but soon the…

Pakistan’s total foreign reserves reach $13.316 billion

Pakistan’s total foreign reserves reach $13.316 billion

BUSINESSUpdated:May 3, 2024ShareTwitter FacebookEmailLink

" The total foreign reserves of Pakistan reached $13,316 million while foreign reserves held by the State Bank of Pakistan stood at $8,006 million in the week ended on April 26, 2024. The SBP, in a statement issued here on Thursday, informed that foreign reserves held by the central bank increased by $…

ڈالر dollar , stock market

Dollar cheap in interbank, business booming in stock market

BUSINESSUpdated:May 3, 2024ShareTwitter FacebookEmailLink

" At the start of business, the dollar has become cheaper in the inter-bank exchange, the stock market saw a brisk business. According to forex dealers, the dollar has become cheaper by 15 paisa during the interbank business, the dollar is trading at 278 rupees 15 paisa in the interbank. Yesterday, the value of the…

Maintaining Refined Sugar Quality Standards at New Dadu Sugar Mills

BUSINESS, PAKISTAN, SCIENCE & TECHNOLOGYUpdated:May 3, 2024ShareTwitter FacebookEmailLink

In the dynamic world of sugar production, maintaining impeccable quality standards is paramount to success. At New Dadu Sugar Mills, quality isn't just a goal; it's a commitment woven into every aspect of operations. With a relentless focus on excellence, the mill ensures that its refined sugar meets the highest standards of purity, consistency, and…

Envisioning Global Impact: Future Prospects of New Dadu Sugar Mills

BUSINESS, INTERNATIONAL, PAKISTANUpdated:May 3, 2024ShareTwitter FacebookEmailLink

Established in 2008 in District DaduSindh.New Dadu Sugar Mills has been a cornerstone of the local sugar industry, contributing significantly to the region's economic growth. However, its impact is not limited to the local level instead, it envisions a broader global footprint. In this article, we explore the future prospects of New Dadu Sugar Mills,…

FPCCI urges govt action on wheat prices

FPCCI urges govt action on wheat prices

BUSINESSUpdated:May 3, 2024ShareTwitter FacebookEmailLink

" LAHORE: The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) Standing Committee on Agriculture has expressed dissatisfaction with the ongoing wheat crisis in Punjab. Farmers are being forced to sell their crops at throwaway prices, contrary to the vision of Chief Minister Maryam Nawaz Sharif. FPCCI Panel Chief on Agriculture, Ahmad Jawad, stated…

مرغی کا گوشت chicken rates

Poultry meat and eggs became more expensive

BUSINESSUpdated:May 3, 2024ShareTwitter FacebookEmailLink

" LAHORE, PESHAWAR: Broiler chicken meat and eggs have become more expensive, the price of meat per kg has increased by Rs 17. In Lahore, the price of broiler meat per kg has been increased by Rs 17 and the new price has been fixed at Rs 580 per kg. Dollar cheap in interbank, business…

over the last few years ogdcl s oil and gas production has been on the wane it is therefore imperative that state of the art technologies are adopted and deployed to arrest the decline photo afp

Exploration firm targets major fields

BUSINESSUpdated:May 3, 2024ShareTwitter FacebookEmailLink

" ISLAMABAD: Oil and Gas Development Company Limited (OGDCL), the largest hydrocarbon explorer in Pakistan, has targeted 20 major fields, mainly in the north and south, to enhance production and contribute to overcoming the energy crisis in the country. Owing to the rising demand for gas, Pakistan is relying more on the imported liquefied natural…

PTA deliberating on FBR decision to block SIMs

PTA deliberating on FBR decision to block SIMs

BUSINESSUpdated:May 3, 2024ShareTwitter FacebookEmailLink

" PTA deliberating on FBR decision to block SIMs - Daily Times …

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