Hutchison Ports Pakistan is proud to have another record for handling the maximum number of TEU’s on a single vessel, achieving yet another memorable milestone. For the first time in Pakistan, a container terminal has handled 9,334 TEU’s – total units 5419, with a VOR of 149.49 moves per hour, and in a total time of 36.92 hours.
Federal Minister for Finance Abdul Hafeez Sheikh has said that Rs 1.7 billion will be paid in 10 days in terms of duty drawback (DLTL) of industrialists affiliated to the leather sector, while Rs 2.5 billion in duty drawback will be paid in three stages.
S. M. Muneer is a businessperson who has been at the head of 8 different companies. Currently, Mr Muneer occupies Chairman of Din Textile Mills Ltd. Form Chairman of Korangi Association of Trade & Industry, former Chairman of Friends of Burns Centre and President at India-Pakistan Chamber of Commerce & Industry.
The State Bank of Pakistan (SBP) decided to keep the benchmark policy rate unchanged at 7% in its Monetary Policy Committee (MPC) meeting today (Jan 22, 2021). The committee noted that since its last meeting in Nov’20, further improvement has been witnessed in the overall domestic recovery, which has aided consumer and business confidence.
Emirates has partnered with the International Air Transport Association (IATA) to become one of the first airlines in the world to trial IATA Travel Pass – a mobile app to help passengers quickly and securely manage their travel in line with any government requirements for COVID-19 testing or vaccine information.
The #1 home-appliances brand of Pakistan – Dawlance has now pledged One million Rupees to the ‘Post Covid Student Support Fund’ at Habib University. This contribution is a part of the ‘Dawlance for Humanity’ initiative, which is currently providing Post-Covid relief for deserving students and other affected communities, all over the country.
The Karachi Chamber of Commerce & Industry (KCCI) and Jazz, Pakistan’s number one 4G operator and the largest internet and broadband service provider, have signed a Memorandum of Understanding (MoU). As per this MoU, KCCI members can avail up to 35% discount on services (data, voice and devices) offered by Jazz.
The BMA Capital Management Ltd expects the market to remain upbeat given the improving macroeconomic indicators, upcoming result season, and sooner-than-expected vaccine rollouts. However, the index might witness some corrections next week as the roll-over week approaches. We continue to prefer banks, E&Ps, fertilizers, automobiles, and cements.
Ilma University steps into the spotlight with its research article being published in an internationally reputed journal Springer. This well-researched article was authored by the University’s top scholar Salman Sarwat from the Faculty of Management Sciences, Department of Business Administration. He contributed largely to the successful inclusion of this impactful article along with other researchers from across the globe.
Turkish President Recep Tayyip Erdogan and Ambassador of Pakistan Muhammad Syrus Sajjad Qazi jointly performed the “Welding Ceremony” of the third of the four MILGEM Ada class corvette for Pakistan Navy at a graceful ceremony in Istanbul today.
Speaker of the Turkish Grand National Assembly Mustafa Şentop, Minister of National Defence of Turkey Hulusi Akar, Chief of Turkish General Staff General Yaşar Guler, Commander of Turkish Naval Forces Admiral Adnan Ozbal, and other dignitaries attended the ceremony that also included the launching of 1st Turkish Navy Istanbul Class frigate.