Women are welcome to get technical, vocational training, Salman Aslam

Technical or vocational education is the backbone of any country’s industrial development. The biggest example of this is our neighbor China. Which has a leading position in the world in manufacturing and exports. This was stated by Salman Aslam, President, Korangi Association of Trade and Industry (KATI) while addressing a function at Government Polytechnic Institute for Women, Korangi, and Landhi as a special guest.… Continue

Khalil Shahab becomes the country manager for VavaCars in Pakistan

Khalil Shahab has been appointed as country manager to lead VavaCars acceleration and investment in Pakistan. Khalil was previously the Chief of Staff for a $1 billion fund focused on healthcare investments across emerging markets. He brings an extensive experience spanning various sectors including private equity, real-estate development, and operations. … Continue

VMware accelerates customers’ journey to zero trust security

VMworld 2021—Today’s modern enterprises are facing an evolving threat landscape and increasingly sophisticated cyberattacks. They require security that is both built-in and built differently. More than 30,000 customers trust VMware to help protect their enterprise, modern and edge-native apps with a comprehensive portfolio of security solutions that are highly effective and easy to use.… Continue

INDU is likely to announce of PKR 35.00/share

The financial result of Indus Motor Company Limited (INDU) is scheduled to be announced on October 25th, 2021.

We expect profitability during 1QFY22 to increase significantly by 121% YoY while down by 8% QoQ to PKR 4,080mn (EPS: PKR 51.91) against PKR 1,845mn (EPS: PKR 23.48) during 1QFY21 and PKR 4,413mn (EPS: PKR 56.15) last quarter.… Continue

Chairman NHA visit Sukkur-Multan Motorway (M-5)

Chairman National Highway Authority Capt ® Muhammad Khurrum Agha along with NHA officers and stakeholders visited Service Areas & Rest Areas located along Sukkur-Multan Motorway (M-5) in order to check the service delivery to Commuters. During visit, he checked that Deputy Commissioner (DC) approved rate lists of different items.… Continue

Dawlance joins hands with WWF-Pakistan for the plantation of 10,000 trees in KU

With a commitment to preserve nature, Dawlance has collaborated with WWF-Pakistan to promote environmental sustainability and has taken up the mission of planting 10,000 trees in the vicinity of Karachi University.

This extensive plantation drive signifies the importance of nature’s ecological balance for the prevention of global-warming and climate-change.… Continue

foodpanda partners with Naheed

Enhancing the e-commerce avenues, foodpanda, Pakistan’s leading delivery app, has partnered with Naheed to deliver groceries and essential items in Karachi via pandago, a rider on demand service.

A signing ceremony took place in Karachi to kick off this partnership. Raafay Munir, Head of New Verticals foodpanda, and Mohammad Fahad, Head of eCommerce Naheed and Munsub Abrar, CEO Naheed were present on the occasion.… Continue

KCCI assures to take up all issues of Jodia Bazaar traders with relevant quarters

Chairman Businessmen Group (BMG) Zubair Motiwala and President Karachi Chamber of Commerce & Industry (KCCI) Muhammad Idrees, after listening to the hardships being faced by traders of Jodia Bazaar,  assured that the Karachi Chamber will take up all issues being faced by the traders/ shopkeepers of Jodia Bazaar with relevant quarters and will try its best to get them amicably resolved so that the traders and shopkeepers, who are an integral part of KCCI, could smoothly carry out their activities without any hassle.… Continue

Daily cargo handling report of Karachi port trust

The Karachi Port Trust handled 108,445 tons of cargo comprising 96,559 Tones of import cargo and 11,886 Tons of export cargo during last 24 Hrs ending at 0700 Hours.

TOTAL IMPORT CARGO:

The total import cargo of 96,559 comprised of 14,902 Tons of Containerized Cargo, 16,949 Tons of Bulk Cargo, 11,116 Tons of DAP, 15,542 Tons of Wheat and 38,050 Tons of Oil/Liquid Cargo.… Continue

ACCA announces pass rates for the September 2021 exam sitting

ACCA (the Association of Chartered Certified Accountants) announces the pass rates of its latest exam sitting for September 2021. About 93,635 students entered the September 2021 exam sitting to complete 117,693 exams despite on-going disruption because of the Covid-19 pandemic. A total of 3,222 students completed their final exams to become ACCA affiliates.… Continue

Huawei Arab Innovation Day 2021 inspires collaboration to drive innovation in the Arab World

Held under the theme of “Collaboration to Drive Innovations in the Arab World,” Huawei Arab Innovation Day 2021 witnessed landmark keynotes and discussions led by ministerial and senior leaders from the Arab governments, regional and international ICT organizations, and high-level technology stakeholders from different verticals and industries.… Continue

OGDCL makes gas discovery in Balochistan Province, Pakistan

Oil and Gas Development Limited, being the operator of Jandran West Exploration License with 100% Working Interest, has made a Gas discovery over Mughalkot Formation from its exploratory efforts at Jandran West X-1 well which is located in Kohlu District, Balochistan Province, Pakistan, says as per the notice issued to PSX yesterday,

It adds that Jandran West X-1 well was spudded in on 19th May 2021 as an exploratory well and drilled down to a total Depth of 1627m into Parh Formation.… Continue

Daily cargo handling report of Karachi port trust

The Karachi Port Trust handled 110,948 tons of cargo comprising 92,524 Tones of import cargo and 18,424 Tons of export cargo during last 24 Hrs ending at 0700 Hours.

TOTAL IMPORT CARGO:

The total import cargo of 92,524 comprised of 10,288 Tons of Containerized Cargo, 6,646 Tons of Bulk Cargo, 15,240 Tons of DAP, 6,710 Tons of Rock Phosphate, 320 Tons of Sugar, 16,913 Tons of Wheat and 36,407 Tons of Oil/Liquid Cargo.… Continue

PTCL, Ufone recognized as Best Place to Work at Pakistan’s leading HR awards

Pakistan Telecom Company Limited (PTCL) and Ufone have been recognized at the Best Place to Work Awards 2021 organized by Pakistan Society of Human Resource Management (PSHRM) and Engage Consulting, during a ceremony held in Karachi.

Awards were announced on the basis of independent surveys conducted by PSHRM and Engage Consulting to study human resource management practices and work environment in over 160 companies from all over Pakistan.… Continue

Pakistan foreign reserves decreased by US$ 1,646 million

According to State Bank of Pakistan dated October 21, 2021, the total liquid foreign reserves held by the country stood at US$ 24,327.4 million on 15-October-2021. The break-up of the foreign reserves position is as under:-

Foreign reserves held by the State Bank of Pakistan: US$ 17,492.2 million

Net foreign reserves held by commercial banks    : US$ 6,835.2 million

Total liquid foreign reserves             : US$ 24,327.4 million

During the week ended 15-October-2021, SBP reserves decreased by US$ 1,646 million to US$ 17,492.2 million, mainly due to external debt repayment that included repayment of US$ 1,000 million against Pakistan International Sukuk.… Continue

ENGRO to announce a cash dividend of PKR 8.00/share in 3QCY21

Engro Corporation Limited (ENGRO) is expected to announce its 3QCY21 financial result on 22nd Oct’21, where we expect the company to post a consolidated earnings of PKR 7,878mn (EPS: PKR 13.67), down by 15% YoY.

On the fertilizer business front, EFERT’s bottom-line clocked-in at PKR 4,412mn (EPS: PKR 3.30), depicting a decline of 37% YoY during 3QCY21 given i) fall in urea and DAP offtake by 9% and 46% YoY, respectively and ii) drop in gross margin by 324bps YoY, settling at 25.72% since company is accruing industrial feed gas rate at EnVen plant as concessionary gas period has ended on 30th Jun’21.… Continue

Carrefour becomes the only modern retailer to receive ‘Best taxpayer award’

Carrefour,owned and operated by Majid AlFuttaim in Pakistan,became the only brand within modern retail sector to have received a special recognition of being the ‘Best taxpaying Company’ at the inaugural Taxpayer Recognition Awards 2021,hosted by the Rawalpindi Chamber of Commerce and Industry (RCCI) in collaboration with the Federal Board of Revenue (FBR).… Continue