In order to ensure the availability of limited banking services to public at large during the extended holidays on the occasion of Eid-ul-Fitr, it has been decided that banks / MFBs may open their selected branches on Wednesday, May 27, 2020 at their own discretion in various business centers / commercial hubs etc.
Brandverse, Pakistan’s largest, fastest and most automated production studio for e-commerce product content has signed a long-term partnership agreement with foodpanda to provide data and content for their recently launched and rapidly expanding grocery delivery service, foodpanda shops.
Brandverse will provide foodpanda access to the largest and fastest-growing catalog of FMCG products, delivered in real time to its partners.
Telenor Velocity, digital startup accelerator by Telenor Pakistan, has introduced its EdTech Innovation programme, forging strategic alliances with EdTech startups/scaleups, serving as a roadmap for making a rapid shift to online learning and skill development. This initiative is launched in response to closure of educational institutions and offices due to coronavirus outbreak.
FPCCI’s Businessmen Panel SVP, President Pakistan Businessmen and Intellectuals Forum and All Karachi Industrial Alliance, and former provincial minister Mian Zahid Hussain on Wednesday said the time has come for the government to take revolutionary steps to revive the economy hit by the pandemic and subsequent lockdown.
The Board of Directors of Shell Pakistan Limited (‘SPL’) announced the first quarter results for the company on 20th May. The company posted an after tax loss of PKR 4,332 million compared to the profit of PKR 257 million made in the same period last year.
Mian Anjum Nisar, President and Zakaria Usman, Convener, Budget Advisory Council of the Federation of Pakistan Chambers of Commerce & Industry (FPCCI) urged the FBR to withdraw the discretionary powers vested with the tax officials to avoid their misuse, provide relief to the taxpayers, simplify taxation law and restore the diminishing confidence of the assesses in the taxation laws – a pre-requisite for success of any scheme.
JS Bank Ltd is one of the fastest growing banks in Pakistan, with 360 branches in 180 cities. With the objective of creating a differentiation in the digital and consumer banking space, the Bank has recently entered into a multi-dimensional agreement with the world’s leader in digital payments – Visa.
Pakistan Stock Exchange has performed on the back of increase in curd prices in world today. According to Arif Habib Ltd, market opened on a positive note today and went up by 546pts during the session, closing +318pts (unadjusted). Increasing international crude prices helped E&P, OMCs and Refinery sectors contribute to the growth in index.
Standard Chartered Bank (Pakistan) Limited, the country’s largest and oldest International bank, today announced its financial results for first quarter 2020.
The Bank continues its momentum to deliver a strong performance with profit before tax of PKR 8.8Bn, which is 30per cent higher than Q1 2019.
In line with directive of Prime Minister of Pakistan Mr. Imran Khan on reaching out to the public through holding Khuli Kachehris by organizations under the Federal Government,. Chairman National Highway Authority Capt ® Sikandar Qayyum held E-Kachehri at headoffice of the Authority through NHA official Facebook Page and answered to the questions placed by the people all over the country.
Following award of the contract for construction of Main Dam of Diamer Basha Dam Project last week, the Pakistan Water and Power Development Authority (WAPDA) Chairman Lt Gen Muzammil Hussain (Retd) today visited the project site to review on ground the arrangements for ensuring timely mobilization of the contractor to the project site.
Shell Pakistan (‘Shell’) has partnered with daraz.pk to provide a safe and convenient online shopping experience for its customers purchasing vehicle lubricants. Shell’s wide range of high quality lubricants will now be available on Pakistan’s most popular online shopping store – daraz.pk.
METRO Pakistan as part of its life savers campaign managed a blood collection drive and set up blood camps at six of its stores in and Islamabad, Faisalabad, and Lahore, to give its employees and customers an opportunity to donate blood.
The all big shopping centers will open in Karachi and Sindh Province in the light of Supreme Court order. This was disclosed by Sindh education minister Saeed Ghani while speaking on Geo News’ programme ‘Aaj Shahzeb Khanzada Kay Saath’, today.
Earlier today, Chief Justice of Pakistan Gulzar Ahmed issued directions to reopen shopping malls across the country.
We have a Buy stance on MTL with a June 2021 TP of PKR902/sh. The government’s Agriculture package promises to lift the income of farmers and make tractors relatively more affordable for them. This drives our estimate of a 3yr Sales/EPS CAGR of 18%/20% for MTL.