Magazine Features

PTCL Group posts double digit growth in Operating & Net Profits

Pakistan Telecommunication Company Limited (PTCL), the country’s leading telecom and ICT services provider, has announced its financial results for the six months period ended June 30, 2019 at its Board of Directors’ meeting held in Islamabad on July 17, 2019.

Despite tough economic conditions, PTCL Group’s financial performance has shown marked improvement over comparative period.

Read the rest

Cargoes handling KPT

Ships Berthed    

 

09 Ships berthed and berthed at Karachi Port, their details are given below.8

                            

  1. YM EXCELLENCE                CONTAINER SHIP
  2. ASIAN PROMINENCE                GENERAL CARGO
  3. MARIANNE DANICA                GENERAL CARGO
  4. TSM POLLUX                    TANKER
  5. ATTICUS                        TANKER
  6. MANDALA                    TANKER
  7. DA TONG YUN                    GENERAL CARGO
  8. WAN HAI 611                    CONTAINER SHIP

 

Ships Sailed

 

06 Ships have sailed off from Karachi Port, their details are given below.

Read the rest

Monetary Policy Statement

  1. At its meeting on 16thJuly 2019, the Monetary Policy Committee (MPC) decided to raise the policy rate by 100 bpsto 13.25 percentwith effect from 17th July 2019. The decision takes into account upside inflationary pressures from exchange rate depreciation since the last MPC meeting on 20th May 2019 and the likely increase in near term inflation from the one-off impact of recent adjustments in utility prices and other measures in the FY20 budget.
Read the rest

7th FPCCI Achievements Awards Ceremony

The Federation of Pakistan Chambers of Commerce and Industry (FPCCI), the apex body representing Pakistan`s Industry and Services will hold its 7th FPCCI Achievement Awards Ceremony to recognize the services of organizations in different sectors contributing towards the progress and prosperity of Pakistan on Thursday, 25th July 2019, at Aiwan-e-Sadr Islamabad

President of the Islamic Republic of Pakistan will grace the occasion as the Chief Guest in this prestigious awards ceremony and will distribute awards to the recipients.

Read the rest

Delegation of National Institute of Oceanography visits KATI

Director General of National Institute of Oceanography (NIO), Dr.Nuzhat said that economic prosperity is directly linked with safe oceans, while she was addressing a meeting held at Korangi Association of Trade & Industry (KATI). President KATI Danish Khan, Senior Vice President Faraz-ur-Rehman, Vice President Maheen Salman, Head of KATI’s standing committee on R&D Syed Wajid Hussain, Former Presidents GulzarFiroz, FarukhMazhar, Akbar Farooqui and others welcomed the delegation of NIO headed by its DG.

Read the rest

Zong 4G becomes connectivity partner for Faysal Bank

Pakistan’s No.1 Data Network, Zong 4G has partnered with, Faysal Bank Limited (FBL), one of the leading banks in Pakistan to provide customized corporate voice and data services. The strategic collaboration will enable Faysal Bank Limited to optimize operations for end-to-end customer experiences through unparalleled connectivity of Zong 4G.

Read the rest

FPCCI urges to remove sales tax on plant & machinery

Engr. Daroo Khan Achakzai, President of the Federation of Pakistan Chamber of Commerce & Industry (FPCCI) urged Shabbar Zaidi, Chairman, Federal Board of Revenue (FBR) to remove the anomaly of levying Minimum Value Added Sales Tax @ 3% on Plant & Machinery Under Section 7A (2) of Sales Tax Act, 1990 vide Finance Act, 2019 or be levied with effect from July 1, 2019.

Read the rest

Easypaisa user wins a car

Easypaisa, Pakistan’s first digital lifestyle enabler, handed over a new car to Maqsood Ahmed, the winner of its ‘Grand Eidi Campaign’. The keys of his new Honda City car were presented to him by Aslam Hayat, Acting CEO, Telenor Microfinance Bank.

Read the rest

U.S. Officials visit new Islamabad Airport

Officials from the Transportation Security Administration (TSA), the U.S. Government agency that oversees airport and air carrier security, traveled to Pakistan this week. They visited Islamabad’s new airport, viewed Pakistan’s aviation security infrastructure, and met with their Pakistani civil aviation counterparts.

Read the rest