MIGA, a member of the World Bank Group, has issued guarantees worth US$66 million in support of the design, construction and operation of the Hyundai-Nishat Motor vehicle assembly plant in M3 Industrial City, Faisalabad. The guarantees cover investments and loans guarantees extended by the Sojitz Corporation of Japan, a trading company, to Hyundai Nishat Motor (Private) Limited, a joint venture with the Nishat Group, one of the largest conglomerates in Pakistan, that is developing the facilities.

A colorful function to celebrate 71stIndependence Day of Pakistan was held on the occasion of Independence Day- 14th August 2018 under the aegis of Hamdard Public School Karachi at Bilawal Stadium, Madinat al-Hikmah, Karachi, containing National Anthem, National Flag hoisting, recitation the holy verses, na’at, national songs, cultural show and speeches by the students of Hamdard Public School and Hamdard Village School.

To promote bilateral trade and exchange of technology, a three-day single country Thailand Exhibition is being organized from 01-03 September 2018 at Pearl Continental Hotel Karachi.

The exhibition is organized by Department of International Trade Promotion, Ministry of Commerce, Royal Thai Government with the support of Royal Thai Consulate-General Karachi and being managed by Event and Conference International Pvt.

Torque Corp, an innovative learning & consulting organization, celebrated its 10th anniversary with its team and key clients at Movenpick Hotel, Karachi. The event was hosted by lead trainers and consultants of Torque Corp including Umair Jaliawala and Asma Mustafa Khan, and Burhan Shah amongst others.

Pakistan’s No.1 Data Network Company, Zong 4G has moved to capture the imagination of people of Pakistan with the launch of its upcoming advertisement on country’s 71st Independence Day. Themed “Zong 4G the F-16 of Pakistan,” the one-of-a-kind advertisement allegorically equates the invincible speed of Zong’s fastest 4G internet service with that of F-16, an iconic fighter jet that is known for its unmatched speed, precision and accuracy. 

Global trade enabler DP World today announces robust financial results for the six months to 30 June 2018. On a reported basis, revenue grew 14.4% and adjusted EBITDA increased by 7.9%. Adjusted EBITDA margin was 50.3%, delivering profit attributable to owners of the Company, before separately disclosed items, of $593 million and EPS of 71.5 US cents.

President Pakistan Businessmen and Intellectuals Forum (PBIF), President AKIA, Senior Vice Chairman of the Businessmen Panel of FPCCI and former provincial minister, Mian Zahid Hussain on Wednesday said that providing 50 percent subsidy on approved seeds of cotton, and 110 thousands smart phones with latest applications of information on cotton production to farmers by the Government of Punjab is appreciative and will help in achieving the targeted cotton yield for the current year of 10 million bales.

By Imran Usmani

Chinese literature borne a famous proverb “If you want to be rich then build the roads”. Having the comprehensive importance in mind, Chinese government has been diligently concentrated its all efforts in building and improving internal communication, transportation agencies since premier Deng Xia ping era.

Syed Mazhar Nasir, Senior Vice-President, Federation of Pakistan Chambers of Commerce and Industry (FPCCI), has said that the time has come to achieve absolute economic sovereignty for political stability and continuation of the democratic process in the country.

While addressing the participants after the flag-hoisting ceremony at the Federation House on August 14, he stressed the need for making an all-out effort on the part of one and all – as individuals and as parts of an independent nation state – for attaining financial independence, and suggested that the time had come to restore the self-esteem and self-respect of the citizens of Pakistan by exploring the economic potential of the country and reducing before ultimately eliminating dependence on foreign loans and aid packages.

Dawlance – Pakistan’s leading brand of home-appliances, unveiled its latest Ace-Care washing machines that carry an aesthetic appeal with scratch-proof Glass-lids for the first time in Pakistan. This series comprises of DW 9100 G and DW 7500 G models that feature the highest quality and performance, to offer innovative solutions for various segments of the consumers.