Karachi, March 21, 2025 – Al-Ghazi Tractors Limited (AGTL) posted a Rs3.54 billion profit after tax in FY24, marking a 35.63% YoY increase from Rs2.61 billion last year. The company’s earnings per share (EPS) climbed to Rs61.11, up from Rs45.06, reflecting strong profitability. Revenue and Profit Growth AGTL’s revenue remained steady at Rs34.57 billion, registering a slight 0.09% YoY growth. However, gross profit surged by 31.32% to Rs8.43 billion. This increase came from a 7.04% drop in the cost of sales, which fell to Rs26.14 billion. Lower production costs helped improve profit margins despite flat revenue. Also Read : Pakistan…
Author: Musabeeh Ur Rehman
Strengthening Trade Ties with Kenya Pakistan has achieved a significant breakthrough in its rice exports to Kenya, further solidifying trade relations with the East African nation. This success is attributed to Pakistan’s high-quality rice, competitive pricing, and strong diplomatic efforts. Kenya’s Growing Demand for Pakistani Rice Kenya remains one of the largest importers of Pakistani rice, with trade volumes witnessing a steady rise. The latest development is expected to enhance Pakistan’s position in the Kenyan market, providing new growth opportunities for exporters. Also Read : Changan, Ford’s China Partner, Gears Up for EV Sales in Europe Key Factors Behind the…
March 21, 2025 – Changan Automobile, a leading Chinese automaker and Ford’s joint venture partner in China, is preparing to launch its electric vehicle (EV) lineup in Europe. This move aligns with the global surge in EV demand and reflects China’s growing presence in international automotive markets. Changan’s Move into Europe Changan plans to introduce a range of electric vehicles to European consumers, focusing on affordability, cutting-edge battery technology, and smart mobility features. While the exact timeline remains undisclosed, industry insiders suggest the launch could take place as early as late 2025. Also Read : Mazda Joins the EV Race…
Ram’s heavy-duty trucks have earned a strong reputation for power, durability, and innovation, making them a top choice for those who need serious towing capacity, off-road capability, and advanced technology. Whether for work or adventure, Ram’s 2500 and 3500 models stand out with their class-leading features. Here’s a look at four key highlights that make these pickups exceptional. 1. Best-in-Class Towing and Hauling Performance Ram heavy-duty trucks are built to handle massive loads, with the Ram 3500 offering a staggering towing capacity of up to 37,090 pounds when equipped with the 6.7L High-Output Cummins Turbo Diesel engine. This powertrain generates…
Sustainable Growth in Action: Karandaaz Pakistan’s Green Finance Drive Islamabad, March 21, 2025 – Karandaaz Pakistan is taking bold steps toward green financing to drive sustainable economic growth. With support from the UK’s Foreign, Commonwealth & Development Office (FCDO) and the Gates Foundation, it is mobilizing funds for clean energy, sustainable agriculture, and eco-friendly infrastructure. Expanding Clean Energy & Green Investments Karandaaz is implementing a two-tiered approach to support sustainability. Scaling Clean Energy Solutions – The organization has helped generate 20MW of renewable energy for SMEs, textiles, and households. It has also financed 1,927 energy-efficient power transformers, benefiting DISCOs (GEPCO,…
The Economic Coordination Committee (ECC) has decided to transfer the State Bank of Pakistan’s (SBP) Rs330 billion Long-Term Financing Facility (LTFF) to the Exim Bank of Pakistan. Finance Minister Muhammad Aurangzeb chaired the meeting on Friday, where officials finalized the decision. LTFF Transition Plan According to the Finance Division, the government will phase out the LTFF and shift it to Exim Bank. To support this transition, the ECC approved Rs1.001 billion through a Technical Supplementary Grant (TSG) for the LTFF subsidy in the fiscal year 2025. This move aims to strengthen Exim Bank’s role in export financing while reducing SBP’s…
Stellantis has rolled out a voluntary buyout and retirement incentive program for its employees in Detroit and Toledo, signaling a strategic shift aimed at workforce optimization. The initiative comes as the auto giant navigates industry changes, including the transition to electric vehicles (EVs) and cost-cutting measures. Who Can Apply? The offer is extended to both salaried and hourly workers who meet the company’s eligibility criteria. While specific details on compensation haven’t been publicly disclosed, Stellantis is primarily targeting employees nearing retirement or those willing to leave voluntarily. Also Read : UN Report: Nearly 9,000 Migrants Lost Lives on Routes in…
GENEVA: The United Nations’ International Organization for Migration (IOM) has reported that 2024 was the deadliest year for migrants, with nearly 9,000 fatalities worldwide. The agency described the situation as both “unacceptable and preventable.” Migrant Deaths Hit Record High for Fifth Year According to IOM, at least 8,938 migrants lost their lives on dangerous migration routes in 2024. This marks the fifth consecutive year of record-breaking fatalities. “The rising number of migrant deaths is a global tragedy that could have been prevented,” said Ugochi Daniels, Deputy Director of IOM. “Each number represents a human life, and the loss is devastating.”…
ISLAMABAD: The Ministry of Industries and Production has extended its full support to Pak-Suzuki in establishing and promoting biogas as an alternative energy source in Pakistan. During a high-level meeting with Pak-Suzuki representatives, Special Assistant to the Prime Minister (SAPM) Haroon Akhtar Khan assured the government’s cooperation in launching the biogas plant. He emphasized that the project would create economic opportunities for farmers while contributing to environmental sustainability and energy security. Also Read : Pakistan Strengthens Auto Industry Ties with Japan for a Greener Future Pakistan’s Untapped Biogas Potential Pakistan has significant potential to generate biogas energy. Estimates suggest the…
The Punjab government has expanded its free Wi-Fi network, introducing faster internet speeds in key public areas. This initiative aims to enhance digital accessibility for students, professionals, and daily commuters. With improved connectivity, users can now browse, study, and work more efficiently. Wider Coverage & Faster Speed To improve service quality, the government has upgraded bandwidth and expanded coverage. Free Wi-Fi is now available at universities, public parks, hospitals, railway stations, and bus terminals. As a result, internet users can experience smoother browsing, faster downloads, and uninterrupted virtual meetings. A Punjab IT official stated, “This step is part of our…
