Magazine Features

Ilma University emphasis on CSR under the United Nation’s SDGS for work & economic progress

Ilma University does it once again as one of its scholar Muhammad Farrukh’s research gets published in an internationally reputed journal WILEY. This is a commendable contribution from the Faculty of Management Sciences, Department of Business Administration, Ilma University. The research titled, Corporate social responsibility and employees’ voluntary pro-environmental behaviour: The role of organisational pride and employee engagement.

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Nation’s favorite cookie Peek Freans Sooper gets a fresh look

Peek Freans Sooper, Pakistan’s Best Selling biscuit brand, manufactured by English Biscuits Manufacturers (Private) Ltd, recently launched its new and iconic packaging under the tagline “SeedhiSadhi Khushi ka Maza”, its first packaging change in 16 years.

From the time of its launch, Peek Freans Sooper has been known as the best in its industry and is thus much loved across the nation.

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The PSX Index closed +220ps (unadjusted) today

· Market opened on a positive note today, which is also the first day of the rollover week, and added a total of 321pts during the session. The Index closed +220ps (unadjusted). Cement, Engineering (Steel), Power and O&GMCs contributed positively to the Index, in anticipation of better financial results of the outgoing quarter.

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Monetary Policy Statement: Unchanged Policy Rate at 7%

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.

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KCCI joins hands with Jazz

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.

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Pakistan stock markets outlook

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.

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