PTCL pledges support to startups incubated at NIC Karachi

Pakistan Telecommunication Company Limited (PTCL) pledges to support top startups being incubated at National Incubation Center (NIC) Karachi. A delegation of PTCL’s higher management visited NIC Karachi located at the NED University.

The session was led by Dr. Daniel Ritz, President & CEO, PTCL, accompanied by Moqeem ul Haque, Chief Commercial Officer, PTCL, Saad Muzaffar Waraich, Chief Technology & Information Officer, PTCL and Sikandar Naqi, Chief Business Development Officer, along with senior executives of PTCL.

Read the rest

MCB Bank PAT stands at Rs. 21.36 billion for the FY18

The Board of Directors of MCB Bank Limited, met under the Chairmanship of Mian Mohammad Mansha, on February 20, 2019 to review the performance of the Bank and approve the financial statements for the year ended December 31, 2018. Unconsolidated Profit Before Tax (PBT) of the Bank for the year ended December 31, 2018 increased by 3% and was reported at Rs.

Read the rest

CARFIRST launches merchant program to help auto industry entrepreneurs

CarFirst, Pakistan’s leading online auction and trading platform for used car, launched its Merchant Program to help grow the number of entrepreneurs in Pakistan’s Auto Industry. CarFirst’s Merchant Program is a new initiative to assist auto brokers, investors, and agents to rapidly scale up their business and increase volumes by joining the CarFirst partner network.

Read the rest

DP World acquires leading European transportation and logistics provider

DP World PLC announces the acquisition of the holding company of P&O Ferries and P&O Ferrymasters (together P&O Ferries) for a purchase consideration of GBP322mn (USD421mn¹), implying a 2017 Enterprise Value/EBITDA valuation multiple of 6.1x.

P&O Ferries is a pan-European integrated logistics business consisting of a market leading roll-on roll-off (Ro-Ro) ferries operation and a European transportation and logistics solutions provider, P&O Ferrymasters.

Read the rest

Basketball Court dedicated to TPL at HU

Habib University has dedicated its newly built Basketball Court to TPL. Mr. Jameel Yusuf (S.St.), Chairman, TPL, Mr. Ali Jameel, CEO, TPL, Mr. Wasif Rizvi, President, Habib University and Mr. Parvez Ghias, CEO, Habib University Foundation, participated in the dedication ceremony.

Read the rest

Pakistan, Saudi Arabia agree to promote trade, investment; encourage private sector

Pakistan and Saudi Arabia have agreed to promote bilateral trade, investment and contacts between the two peoples and businessmen, besides encouraging the private sector to take lead in building a strong economic partnership. According to a joint statement issued by the Foreign Office on the conclusion of two-day state visit of Saudi Crown Prince, Deputy Prime Minister and Minister of Defence Mohammed bin Salman bin Abdulaziz Al Saud, the two countries agreed to further strengthen measures to promote trade, participate in exhibitions and events, and welcome business meetings from both countries.

Read the rest

Saudi Crown Prince Muhammad Bin Salman visit to Pakistan, will strengthen Pak – Saudi Relationships: Mian Zahid Hussain

President Pakistan Businessmen and Intellectuals Forum (PBIF), President All Karachi Industrial Alliance (AKIA), Senior Vice Chairman of the Businessmen Panel of FPCCI and former provincial minister, Mian Zahid Hussain on Monday said that Saudi crown prince Muhammad Bin Salman’s visit to Pakistan is a great success of Pakistan on diplomatic front and will further strengthen Pak – Saudi relations.

Read the rest

Pakistan Leadership Conversation 2019 begins in Karachi

Leading policy makers and business operators discussed the current and future issues facing the economy and the role of business leaders in shaping the future at the inaugural Karachi edition of this year’s “Pakistan Leadership Conversation 2019 (PLC2019)” organized by ACCA (the Association of Chartered Certified Accountants).

Read the rest

Trade Chronicle Latest Edition

Subscription Rates

Annual Rs. 1,000/- and Foreign by Air Mail $75/-

Click here for Subscription

Archives