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.
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.
Naheed.Pk welcomes Wasim Akram as its brand ambassador
Naheed.pk, the commerce initiative of Naheed Supermarket, a leading name in retail shopping in Pakistan, announced its association with the cricket legend Wasim Akram and welcomed him as their official Brand Ambassador. The agreement was signed in Karachi, at a simple but impressive ceremony.
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.
Captive power plants closure hitting production, exports and jobs: Mian Zahid Hussain
Chairman of National Business Group of FPCCI, President Pakistan Businessmen and Intellectuals Forum and All Karachi Industrial Alliance, and former provincial minister Mian Zahid Hussain on Monday said the suspension of natural gas to captive plants will hit production, exports, investments and jobs.
Kreative Kinder Haus launches second Preschool branch
Kreative Kinder Haus (KKH), an inclusive educational setup that primarily works for the healthy early childhood development of children on the spectrum, has launched its second branch of preschool and special needs program in DHA Phase 2 for the residents of the Islamabad–Rawalpindi metropolitan area.
Bookme partners with Walled city of Lahore to promote tourism
Walled city of Lahore authority signs agreement with Bookme.pk as an official online ticketing partner to provide a hassle-free digital experience for tourist to conveniently purchase online tickets through Bookme.pk in Lahore. This partnership supports government agenda of promoting tourism in Pakistan.
Hutchison Ports Pakistan sets another record for handling maximum TEUs on a single vessel
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.
Billions of rupees will be paid to industrialists in DLTL soon: Finance Minister Hafeez Sheikh
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.
PM awarded “Ambassador of Hope” award to S.M.Muneer
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.
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.
Emirates becomes one of the first airlines to trial IATA Travel Pass
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.
Dawlance pledges one million rupee grant for Habib University
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.
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.
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.