Brands Unlimited launches “Allure Beauty” Flagship Store

Brands Unlimited Pvt. Ltd., a pioneer of the beauty industry in Pakistan, held an event to announce its new flagship store at Dolmen Mall, Clifton. The Allure Beauty Store is the ultimate one-stop destination for all beauty and lifestyle products. Allure Beauty’s first brick & mortar store’s launch took place on Wednesday, 17 February 2021, at Dolmen Mall, Clifton, Karachi.… Continue

Global policy makers and practitioners inclusion through Banking on Equality Policy

In December 2020, State Bank of Pakistan launched its consultation process with different national and international stakeholders on its Banking on Equality Policy. A draft of the policy is available on SBP’s website https://www.sbp.org.pk/events/2021/BankingonEquality/Draft-Policy.pdf.The forthcoming Banking on Equality Policy will introduce a gender lens within the financial sector through identified pillars and set of specific measures to bring a shift towards women friendly business practices.… Continue

Pakistan Fertilizer Sector sees good sales in Jan 21

As per the latest data released by NFDC, urea offtake registered an increase of 2.5x YoY to clock-in at 0.65Mn tons in Jan’21, primarily on account of low base effect (Urea sales: 0.26Mn tons in Jan’20). On the other hand, DAP offtake posted a growth of 1.9x YoY to 0.08Mn tons in Jan’21 due to expected hike in prices.… Continue

DP World Limassol enhances digital infrastructure with Zodiac Cloud-Based Operating System

DP World Limassol has implemented a new ZODIAC cloud-based Terminal Operating System (TOS), as part of its efforts to optimise Limassol port’s operations by embracing digitisation and automation.

ZODIAC TOS offers an integrated platform, providing all supply chain users with real-time information on vessel, yard, gate and rail movements.… Continue

Pakistani startups jointly launch Chikoo platform to boost digital presence of SMEs

Brandverse and eOcean today announced that they have signed a MoU to work together to maximise the commercial and social impact benefits in enabling the digital growth of micro SME business in Pakistan through the accessible delivery of state-of-the-art, e-commerce enablement and communications technology, via the new Chikoo platform – a disruptive new ecommerce tool to enable businesses to start selling online, independently, to help business owners establish and grow their online business profitably.… Continue

Huawei reiterates its support for UN’s sustainable development goals

The “Connected for Shared Prosperity Forum” was held by Huawei, Global Mobile Association (GSMA), where participants joined both online and in person to discuss the value of digital technologies in sustainable development for a better, connected world, representing organizations from around the world, including international industry regulators and think tanks.… Continue

Daily cargo handling report of Karachi Port Trust

The Karachi Port Trust handled 157,890 tons of cargo comprising 102,277 Tones of import cargo and 55,613 Tons of export cargo during last 24 Hrs ending at 0700 Hours.

TOTAL IMPORT CARGO:

The total import cargo of 102,277 comprised of 37,313 Tons of Containerized Cargo,2,833 Bulk Cargo, 9,217 Tons of Rock Phosphate, 6,554 Tons of Soya Bean Seeds, 18,390 Tons of Wheat and 27,970 Tons of Oil/Liquid Cargo

TOTAL EXPORT CARGO:

The total export cargo of 55,613 tons comprised of 47,281 tons of containerized cargo 32 Tons of Bulk Cargo, 8,300 Tons of Oil / Liquid Cargo.… Continue

Wapda to rehabilitate Rasul Hydel Power Station

The Pakistan Water and Power Development Authority (WAPDA) has planned to rehabilitate 69-year old Rasul Hydel Power Station located at a link between Upper Jhelum and Lower Jhelum Canals near Khokhra Head Works in Mandi Bahauddin District of Punjab Province.

Rasul Hydel Power Station was commissioned in 1952 with an installed capacity of 22 Mega Watt (MW).… Continue

Easypaisa Introduces WhatsApp channel support for enhanced customer experience

Easypaisa, Pakistan’s leading digital payments platform is transforming customer experience with WhatsApp channel support. This initiative enables users to access an interactive, automated support channel 24/7on a dedicated WhatsApp number +923411103737. With instant replies and the ability to operate without any available human interaction coupled with pre-defined interaction rules to facilitate users, Easypaisa’s WhatsApp support is a first of its kind initiative for any branchless banking player in Pakistan.… Continue

Habib Bank Limited disclose its future roadmap

Habib Bank Limited (HBL) held its webinar today to discuss CY20 results and future roadmap. Recall that Habib Bank Limited (HBL) reported earnings of PKR 3.9/sh (down 14.9/43.3% on YoY/QoQ), taking CY20 earnings to PKR 21.1/sh (up 101% YoY). Reason behind the decline in profitability was due to significant increase in deposit cost (mark-up expense increased by 10.0% on QoQ basis to the tune of PKR 32.0Bn), absence of capital gains and provisioning charge of PKR 3.7Bn.… Continue

A business review of Ittehad Chemicals Limited (ICL)

Ittehad Chemicals Limited (ICL) conducted its analyst briefing session, discussing 1HFY21 result and business outlook. To recall, the company reported earnings of PKR 0.26Mn (EPS: PKR 3.0) in 2QFY21, up 10.3/1.5x YoY/QoQ. This takes the total earnings for 1HYFY21 to clock-in at PKR 0.43Mn (EPS: PKR 5.0).… Continue