Engro Polymer & Chemicals Limited (EPCL), a subsidiary of Engro Corporation, has achieved its first ever carbon-neutral voyage on the ethylene-laden vessel Gaschem Dollart, in collaboration with Marubeni Corporation.

For this carbon-neutral voyage, EPCL secured Verified Carbon Standard (VCS) carbon credits, the highest standard available on the market, proportionate to the emissions caused by the vessel journey.… Continue

· Market remained range-bound today, with low volumes and lackluster activity witnessed across the board. KSE 100 went up 285 points during the day but couldn’t manage to sustain positive momentum.

· Activity was witnessed majorly in E&P stocks, on expectations of resolution of Gas circular debt.… Continue

Galaxy Racer Pakistan is excited to announce the launch of Gamers Galaxy, the largest esports event to take place in the history of Pakistan. Gamers Galaxy is set to happen on the 8th and 9th of January at the Pak-China Friendship Centre in Islamabad.… Continue

Following the massive success of its latest series of smartphone in Pakistan, Infinix is bringing the biggest, most exciting treat for its valued users ahead for the New Year. Infinix ZERO X and HOT 11 series will now be available on discounted prices at both online and offline stores nationwide.… Continue

Google has released the list of top trending searches — searches that had a high spike in traffic over a sustained period in 2021 as compared to 2020 —- in Pakistan. The lists cover a wide array of categories ranging from sports, movies, dramas, and animated films, giving a fascinating insight into the unique trends from the past year in the country.… Continue

Telecard Limited’s 100% owned subsidiary, Supernet Limited (“Supernet”), informed Pakistan Stock Exchange Limited that it has been awarded contract by the State Bank of Pakistan (“SBP”) in IT and Cyber Security domain worth close to PKR 100 million. This contract involves supply, installation, maintenance and technical support of Next Generation Intrusion Detection and Protection Systems (“IDPS”) to secure SBP Infrastructure from Advance Persistent Threats (“APT”).… Continue

·         Local cement dispatches clocked in at 4.82mnMT during the month of Nov’21 as against 4.51mnMT in SPLY , depicting a growth of 7%YoY during the month of Nov’21. This took the total dispatches during 5MFY22 to ~23.0mnMT, down 3.4%YoY.

·         Domestic dispatches from north increased to 3.47mnMT (11%/-9% YoY/MoM) while South based pants dispatched 0.65mnMT (7%/-15% YoY/MoM) in Nov-21.… Continue

In pursuit of its ‘let’s go digital’ mission, Pakistan’s cellular and digital services frontrunner, Zong, has partnered with The Star School in Okara’s Wasawewala locality to set up a digital lab there.

Zong is facilitating the school with a computer lab for digital and curriculum learning.… Continue

The Super 8 line up of Ufone 4G Khyber Pakhtunkhwa Football Cup 2021 is complete as was depicted by the coming together of the captains of all eight successful teams for trophy unveiling at the iconic Tehmas Khan Stadium, Peshawar.

Following the conclusion of the Eliminator round at the regional level, DFA Charsadda, DFA Abbottabad, Aatish Tank, DFA Chitral, DFA Karak, DFA Mardan, DFA Bannu and DFA Waziristan Combined have qualified for the Super 8 round.… Continue

· Positive day for KSE 100 today, as the world has drifted towards a good news of reduced risk of OMICRON, which has helped the international commodities and equities to rally across the globe.

· KSE 100 opened on a positive news and rallied more than 785 points intraday as investor participated in E&P stocks amid expected resolution of gas circular debt.… Continue

A broader maritime consortium in which Boskalis is participant has been awarded a EUR 24 million grant to conduct research into accelerating the use of methanol as a low-carbon fuel within the shipping industry. Methanol can enable significant reductions in CO2 emissions compared to traditional fuels and is viewed within the international maritime sector as one of the most feasible ‘clean’ fuels for large-scale adoption by the industry.… Continue

· As a proxy, we breakdown the quarterly capex for the big three OEMs in order to highlight the upcoming developments in Pakistan’s auto industry. PSMC has incurred a capex of PkR4.5bn in 9MCY21 (5.7xYoY), signaling the new Swift in pipeline which is expected to be launched in 2HCY22.… Continue

We upgrade our earnings estimates for the IMS Textile Universe by c.35%, maintaining our Overweight stance on the sector amid consistently strong earnings beats FY21td. The attractive present price levels of our Textile Universe (down 11% FY22td), further reinforce our liking for the sector.… Continue

Of late there has been stringent scrutiny of the potential negative impacts of social and digital media on users’ wellbeing. Apart from the recurring concerns, with regards to online privacy and safety. Regardless, the positive aspects of digital technology outweigh its negative aspects; what prods a curious mind is there is seldom any serious inquiries into the impact of giant conglomerates contaminating our food, drinking water and breathing air with explicit impunity.… Continue

An online workshop titled, ‘Financial Inclusion Gender Data in Pakistan: Today and Tomorrow’ was held under a partnership titled ‘Women’s Financial Inclusion Data’ (WFID) a key platform engaged in increasing awareness about the importance of sex-disaggregated financial services data and catalyzing action to increase women’s financial inclusion.… Continue

Chairman of National Business Group Pakistan, President Pakistan Businessmen and Intellectuals Forum, and All Karachi Industrial Alliance, and former provincial minister Mian Zahid Hussain on Monday said the senseless lynching of a Sri Lankan factory manager in Sialkot is condemnable. The response of the government is timely and correct and the accused and those who provoked them should be punished so that no one dares to take the law into their hands again, he said.… Continue

CPEC is an important part of Pak-China friendship, but the relationship between the two countries and with the business community is much deeper than that. Sad to see the situation of Pakistan’s low-income class, but there is an attempt to somehow get Pakistan out of economic difficulties.… Continue

realme is the world’s fastest-growing smartphone brand – and that’s not it. It is also Pakistan’s fastest-growing smartphone brand. And, there is a good reason for that. The brand gives true value-for-money coupled with top quality products that speak well with its Gen-Z target market.… Continue

Speaking on the conference theme “Meeting the Challenges for a Better World”, Governor Sarwar highlighted that multilateralism, peaceful co-existence and commitment to an international system based on the UN Charter is the only viable way forward to meet global challenges faced by the world.… Continue

Pakistan Telecommunication Company Limited (PTCL) and Ufone have signed a Memorandum of Understanding (MoU) with Huawei Technologies Pakistan, for providing strategic learning & development initiatives for its employees.

Syed Mazhar Hussain, Group Chief Human Resource Officer, PTCL & Ufone, and Ahmed Bilal Masud, Deputy CEO, Huawei Technologies Pakistan, signed the MoU during a ceremony held in Islamabad.… Continue

Pakistan Advertisers Society (PAS) held its 24th Annual General Body Meeting on Friday, 3rd of December in Karachi. The AGM was attended by all the major advertisers of Pakistan. The Executive Director of PAS, Mr. Qamar Abbas, presented key initiatives of 2021 along with some of the important industry issues.… Continue

· Market remained lackluster during the entire trading session, bear remained active in the market today by pushing investor on the side line in continuation to the concerns towards CAD and higher inflation along with indication of higher interest rates in the upcoming monetary policy.… Continue