Garena partners with global icon Justin Bieber for Free Fire’s 5th-anniversary celebrations

Garena has announced a partnership with global icon Justin Bieber as part of Free Fire’s 5th anniversary celebrations. Set to be the biggest to date, this year’s festivities include bringing back players’ favourite themed contents, exclusive rewards and giveaways, as well as a series of collaboration events and activities, both in-game and beyond.… Continue

NKATI, Karachi Police Chief join hands to make industrial area crime-free

Additional IG Karachi, Javed Alam Odho, while addressing the North Karachi Association of Trade & Industry (NKATI), has said that providing foolproof security to the business community is the top priority. North Karachi can use all resources to ensure a conducive and peaceful environment in the industrial area, and surveillance cameras will be installed to make the industrial area crime-free.… Continue

United States donates four Mobile Laboratories to strengthen Pakistan’s COVID-19 Testing

The U.S. government, through the U.S. Agency for International Development (USAID), presented four mobile laboratories valued at $4.6 million to Pakistan’s National Institute of Health to strengthen Pakistan’s capacity to diagnose COVID-19 and other communicable diseases.  The state-of-the-art facilities will improve the accuracy of diagnoses, reduce testing turnaround time, and better protect healthcare workers, especially in remote locations where access to testing is limited. … Continue

Beaconhouse School System signs MoU with Pearson-Edexcel

Pearson-Edexcel and Beaconhouse School System, Pakistan’s largest network of private educational institutions, have signed a Memorandum of Understanding (MoU) to provide assessment services and international academic qualifications to support students’ learning by offering world-class qualifications.

The MoU signing ceremony was held here on Wednesday at a local hotel.… Continue

Climate change becomes a major threat to food security: Mian Zahid Hussain

Chairman of National Business Group Pakistan, President Pakistan Businessmen and Intellectuals Forum, All Karachi Industrial Alliance and Former Provincial Minister Mian Zahid Hussain said climate change had become a major threat to Pakistan’s national and food security.

Despite the severe water shortage in the country, more than half of the water is being wasted, which must be stopped, he said.… Continue

Daily cargo handling report of Karachi Port Trust

The Karachi Port Trust handled 157,033 tons of cargo comprising 121,498 Tones of import cargo and 35,535 Tons of export cargo during last 24 Hrs ending at 0700 Hours.

TOTAL IMPORT CARGO:

The total import cargo of 121,498 comprised of 55,421 Tons of Containerized Cargo, 14,022 Tons of Bulk Cargo, 480 Tons of DAP and 51,575 Tons of Oil and Liquid Cargo.… Continue

Efert BMR of old plants improve their production

EFERT production has improved and grew at a 3-year CAGR (2018-2021) of 5% against an industry CAGR of 2%. This was on the back of the improved gas supply and efficiency of the Enven plant. Further, the company has undertaken a BMR of old plants, which is expected to improve their production.… Continue

The benchmark KSE-100 index witnessed sluggish session

·        The benchmark KSE-100 index witnessed sluggish session. Investor’s participation continued to remain dry due to concerns regarding rate hike in the upcoming monetary policy and PKR depreciation against the dollar. Main board activity remained dull but decent volumes were recorded in the 3rd tier stocks.… Continue

FrieslandCampina Pakistan wins regional corporate citizenship award for sustainability

FrieslandCampina Pakistan was awarded the Gold Standard Award 2022 for Corporate Citizenship (CSR and Sustainability) by the Public Relations & Communications Association Asia Pacific (PRCA APAC) at a ceremony in Singapore.

Recognised for its Dairy Development Program – an initiative designed to increase inclusion, profitability and quality for the dairy farmers of Pakistan and transform the dairy sector – the company competed in the prized CSR & Sustainability category against prominent names from the AsiaPacific region, including HP, Nestle, Novartis and Edelman.… Continue

Pakistan-Afghanistan future belongs with each other: PAJCCI

PAJCCI held stakeholders meeting at Chamma Border Crossing, the most active trading border in Baluchistan and famous across the country for the supply of grapes, apricots, plums, peaches, melons, apples and other fruits. The meeting was arranged at Chaman Center and attended by a large number of business community members of both sides, Government officials consisting of Abid Hussain; Director Transit Trade, Col.… Continue

Karachi is experiencing the worst load shedding in history: Consumer Association of Pakistan

Karachi has faced the worst load shedding in history. People do not sleep well at night, but there is even a long shutdown during the day. Despite this, NEPRA has approved increasing the electricity price by Rs. 9.42 paise.  NEPRA was set up to protect the rights of consumers, but now this authority is working entirely in the interest of the power companies; an example is the decision to be made without hearing from the consumers.… Continue

Policy Rate likely to increase by 100bps on July 07

The monetary policy committee of SBP will convene on Thursday (July 07, 2022) to announce the first scheduled monetary policy of FY23. We expect SBP to increase the policy rate by 100bps to 14.75% in the upcoming monetary policy.

To recall, in the monetary policy meeting held in May’22, the State Bank of Pakistan (SBP) increased the benchmark policy rate by 150bps to 13.75% (highest since Jun’11 – 14%).… Continue

The second iteration of the Make Space Hackathon in Karachi

The Make Space Hackathon is a virtual competition aimed at empowering change-makers to create tech-enabled solutions addressing Pakistan’s pressing population crisis. With over 600 applications from across the country, the enthusiasm and drive to develop innovative solutions were palpable before the competition kicked off.… Continue

Easypaisa and Bank of Khyber partner for KPK’s Insaf Food Programme

Easypaisa, Pakistan’s leading digital payments app, has partnered with the Bank of Khyber to ensure seamless distribution of funds to beneficiaries in KPK under the Insaf Food Programme.

Through the strategic partnership, beneficiaries of the programme will be able to receive PKR 2100 every month in their Easypaisa mobile wallet or collect cash from any Easypaisa agent to meet their essential food related needs.… Continue

Jazz launches “GameNow Esports Platform”

Jazz, Pakistan’s number one 4G operator and the largest internet and mobile broadband provider, has launched its Esports platform GAMENOW ESPORTS with registrations now open for proleague season 1. The league features six popular games: PUBG Mobile, FreeFire, DOTA 2, Valorant, Call of Duty 4 and Asphalt 9 with cash prizes ranging from PKR 500,000 to 1,000,000.… Continue

Silkbank and TPL Insurance – Launch of all in one current account

As part of providing tailored solutions and unique value added features for our customers, Silkbank has launched All-in-One Current Account offering complimentary insurance coverages in collaboration with TPL Insurance as an insurance solution provider.

To mark the occasion, an MoU signing ceremony was held at the Silkbank Head Office, Karachi on 29th June 2022.… Continue