Abu Dhabi Airports has announced the commencement of four weekly flights between Abu Dhabi and Muscat in Oman with Salam Air. The inaugural flight, which is operated by Oman’s first low cost airline, Salam Air, arrived from Muscat to Abu Dhabi International Airport (AUH) on September 10.
Pakistan cement industry saw poor demands in first two months of current financial year. Impact of economic contraction was visible in the cement sector; as the first two months of this fiscal saw domestic demand declining by 5.49 percent while exports posted a healthy increase of 12.66 percent.
An Orientation-Dinner and a curtain raiser for AdAsia 2019 was hosted in Karachi, by the Chairman, Organizing Committee AdAsia Mr. Sarmad Ali and the Chairman of Pakistan Advertising Association (PAA) Mr. Ali Mandviwalla. The two industry-leaders informed the advertising community, media fraternity, advertisers and marketers about the international stalwarts who will be speaking at the Congress.
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 said last one year remained troubled for masses, the business community, and the economy.
Abu Dhabi Airports participated in the Airports Council International (ACI) Customer Experience Global Summit, which was held in Bali, Indonesia from 2 to 5 September, and hosted by ACI. As part of the summit, ACI-accredited Abu Dhabi Airports joined a ceremony, which celebrated the achievements of all airports accredited by ACI.
BASF presented a broad range of animal nutrition products and solutions to help the poultry industry innovate and produce the best quality feed, at the International Poultry Expo 2019 in Lahore, Pakistan.
Feeding more animals for the growing meat, milk and egg demand while saving the environment is the key challenge for the feed industry and farmers.
Graana group, the leading real estate and technological group of Pakistan has announced that lieutenant General (R) Muhammad Haroon Aslam HI (M) has joined Graana group of companies as president advisory Board. Before being named as president advisory board, General Haroon Aslam has been CEO & MD of Fauji Fertilizers Bin Qasim Limited (FFBL), Fauji Foods Limited (FFL) and FFBL Power Company Limited (FPCL).
Telenor Pakistan, after competing in the ITU Innovation Challenge held in Budapest, Hungary, from 9th to 12th September 2019, was the Global Challenge Winner in the ‘Ecosystem Best Practice’ challenge for the idea, ‘Open Innovation in Mobile Agriculture’. The challenge is owned by ITU Telecom World, which is the United Nations specialized agency for information and communication technologies.
Shazad Dada, CEO Standard Chartered Pakistan, has been recognised as the sixth top Advocate Executive by the HERoes Women Role Model Lists 2019 supported by Yahoo Finance. Shazad is the only Pakistani and one of two Standard Chartered executives to be recognised in this global listing of advocate executives.
Overseas Pakistani workers remitted US$ 1,690.9 million in the August 2019 as compared with US$ 2039.3 million received during July 2019. This showed a decline of US$ of 348.4 million on month-on-month basis, reflecting the usual one-off post Eid-ul-Azha effect. On cumulative basis, workers’ remittances stood at US$ 3,730.2 million during Jul-Aug FY20 compared with 4,071.1 million recorded in the same period last year.
Yousef Hasan Khalawi, Secretary General Islamic Chamber of Commerce, Industry & Agriculture (ICCIA) visited FPCCI Head Office on 13th September 2019 and met Former Chief Executive TDAP & Former President FPCCI S.M. Muneer, Senior Vice President FPCCI Dr. Mirza Ikhtiar Baig, Vice Presidents FPCCI Muslim Mohamedi and Noor Ahmed Khan, Former Senior Vice President FPCCI Sheikh Khalid Tawab, Gulzar Firoz and prominent businessmen and media representatives.
The Privatization Commission held a Meetup with the stakeholders to discuss the prospects for the privatization of State Owned Entities(SOEs) on 13th September, 2019 in Karachi. The event was attended by large number of prospective Financial Advisors, Members of major Financial Institutions , Banks, Asset Management Companies and members of the Brokerage Houses.
Yousef Hasan Khalawi, Secretary General of the Islamic Chambers of Commerce & Industry (ICCI) will be visiting FPCCI Head Office Karachi today. During his visit to FPCCI, he will have a session with the FPCCI Office Bearers and Executive Committee members to discuss and finalize the arrangements of the forthcoming Board of Directors (BoDs) meeting of ICCI and Investment Bridge, a side line event scheduled to be held on 15 & 16 November, 2019 at Karachi with the view to provide opportunity to the members of ICCI and get firsthand knowledge of investment opportunities available in Pakistan and Islamic world.
· Pakistan’s Auto industry sold 10,222 units in Aug’19, down 42%yoy/19%mom as demand continues to suffer from a sharp 15-20% price increase (inclusive of the revised FED) from Jul’19. This was the lowest month for auto sales since Dec’12. Aug’19 had lower working days due to Eid holidays, which may have further contributed to this decline.
Continuing its partnership with Jazz for developing cellular access in underserved regions, the Universal Service Fund (USF) has awarded a new contract worth PKR 90 Million to Pakistan’s leading digital communications company. This contract has been awarded under the Broadband for Sustainable Development Project in South Waziristan.
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