To promote educational and cultural exchange between the United States and Pakistan, 189 students have been awarded the prestigious Fulbright Scholarship to pursue advanced studies and research at leading U.S. universities. The awardees will start their higher education journey at 82 universities this fall in various disciplines, including environmental studies, energy management, and social sciences.… Continue
The Netflix documentary series “Turning Point: 9/11 and The War On Terror”, just got nominated for an Emmy Award in the Outstanding Politics and Government Documentary .category. Congratulations to Mohammed Ali Naqvi (Mo), currently nominated for the Netflix series on which he served as Co-Executive Producer.… Continue
Makhdoom Syed Murtaza Mehmood Federal Minister of Industries & Production inaugurated the Pakistan Auto Show 2022 alongwith Guest of honor Chairman EDB, Mr. Almas Haider, President LCCI, Mr. Nauman Kabir and Former President FPCCI and LCCI, Mr. Anjum Nisar at the Expo Centre in Lahore.… Continue
Pakistan is currently on the brink of economic collapse. With depleting foreign currency reserves, rising inflation, the exchange rate in free fall and irrationally high-interest rates, the country is headed towards a path similar to the economic downfall of Sri Lanka.… Continue
Google is celebrating the 10th birthday of Google Play by unveiling a new logo that better reflects the magic of Google and 10x Play Points bonus for the members. Today, the Play Store is used by over 2.5 billion people in over 190 countries every month to discover games, apps, and digital content.… Continue
Chairman of National Business Group Pakistan, President Pakistan Businessmen and Intellectuals Forum, and All Karachi Industrial Alliance, and former provincial minister Mian Zahid Hussain on Friday said the main reason for the high inflation at the global level is excessive currency printing by major economies.… Continue
The Board of Directors of Bank Alfalah Limited (BAFL), in its meeting held on July 28, 2022, approved the bank’s financial results for the six months ended June 30, 2022. The bank announced profit after tax of PKR 8.703 billion, up by 25.5%.… Continue
Engro Polymer and Chemicals Limited (EPCL) is scheduled to announce its 2QCY22 financial result on Aug 10th, 2022.
We project the company to post a profit after tax of PKR 2,483mn (EPS: PKR 2.73), down by 20% YoY | 47% QoQ during 2QCY22.… Continue
Karachi Chamber of Commerce and Industry (KCCI) accused the apathy of all the political parties for the current pathetic economic situation in Pakistan. Chairman Businessmen Group Zubair Motiwala and President KCCI Muhammad Idrees expressed concerns as they felt that political parties are not understanding the gravity of the situation of the economy and the repercussions on the future of the country. … Continue
Fauji Fertilizer Company (FFC) has announced its 2QCY22 result, where it posted unconsolidated PAT of PkR3.3bn (EPS: PkR2.64), down 7%YoY. This takes cumulative 1HCY22 PAT to PkR9.6bn (EPS: PkR7.55) vs PAT of PkR9.4bn (EPS: PkR7.42) in same period last year. The result is above our expectation attributable to higher other income, possibly due to higher than expected dividend from PMP.… Continue
Habib Bank Limited (HBL) announced consolidated earnings of Rs3,494mn for 2Q2022 translating into an EPS of Rs2.32 down 63% YoY and 59% QoQ. Alongside the result a dividend payout of Rs1.50/share was also announced bringing total payout for the year thus far at Rs3.75/share.… Continue
Infinix was selected as one of the TOP 20 Rising Stars according to the latest “Top 50 Kantar BrandZ Chinese Global Brand Builders 2022 ranking and report” released by Google and Kantar on July 27th, 2022. Being included in the chart represents advancements in attracting the hearts and minds of consumers and providing consumers a high-level sense of value, coming from the Infinix brand.… Continue
It is a good initiative of the Social Students Forum to pay tribute to Prof. Hafiz Naseemuddin. Captain M. Zia Alam, the president of the event, said that Hafiz Naseem is the owner of a great and distinguished personality.
Allah Ta’ala has enriched them with a wealth of knowledge, and they are sharing their knowledge among their students.… Continue
Nestlé Pakistan reported its financial results for the first half of the year, posting a revenue of PKR 80.4 billion, an increase of 22.2% compared to same period of last year. The results were announced during a board meeting at the Company’s Head Office.… Continue
· The Supreme Court finally announced its verdict in favor of Ch. Pervaiz Elahi yesterday, following which he was inducted as the CM Punjab. This came as the 10 PML(Q) votes, which had earlier been rejected by Deputy Speaker Punjab Assembly citing article 63-A(1)(b), were ordered to be accepted.… Continue
Huawei Consumer BG held a Flagship Products Summer Launch Event in Dubai; showcasing a new lineup of flagship devices including the ideal flagship foldable phone HUAWEI Mate Xs 2, a flagship laptop HUAWEI MateBook X Pro, a flagship tablet HUAWEI MatePad Pro, HUAWEI FreeBuds Pro 2 as well as HUAWEI MateBook 16s and HUAWEI MateBook D16.… Continue
Alkaram, one of the biggest names in Pakistan’s textile industry, is partnering with ABHI, Pakistan’s first financial wellness platform, to offer its employees the facility of Earned Wage Access.
ABHI’s goal is to provide financial wellness services to all employees in Pakistan, giving them the ability and freedom to access their earned but unpaid salaries, so they don’t have to face financial constraints in emergencies.… Continue
Pakistani actor and producer Humayun Saeed has officially joined the short video platform TikTok to stay connected with the fans. The Meray Paas Tum Ho actor arrived on the platform with a verified account and racked up more than 50,000 followers within no time.… Continue
· PSX continued to remain under pressure throughout the day due to concerns regarding uncertain economic situation. The benchmark KSE-100 index witnessed a volatile session as investors opted to remain sideways as Pak Rupee continued its freefall against US Dollar. Main board volumes remained dry whereas decent volumes were observed in the 3rd-tier stocks.… Continue
The Karachi Port Trust handled 84,886 tons of cargo comprising 50,770 Tones of import cargo and 34,116 Tons of export cargo during last 24 Hrs ending at 0700 Hours.
TOTAL IMPORT CARGO:
The total import cargo of 50,770 comprised of 40,302 Tons of Containerized Cargo & 10,468 Tons of Bulk Cargo.… Continue
Approximately 50 Pakistani undergraduate students received scholarships from the American Government to study in the United States for one semester under the Undergraduate Semester Exchange (UGRAD) Program for Pakistan. During their stay in the USA, the students will attend undergraduate classes at 42 colleges and universities, participate in workshops to develop leadership skills, and engage in community service projects.… Continue
Bank Alfalah has onboarded the 8th batch of its prestigious Management Trainee Program after a rigorous recruitment process involving gamified assessment, video interview, virtual assessment centers and panel interviews.
This year, the Bank has welcomed 27 graduates out of 3000 applicants who will go through 3 months of classroom training on key development aspects before being placed in suitable department based on their individual skillsets.… Continue
DP World Limited handled 20.2 million TEU (twenty-foot equivalent units) across its global portfolio of container terminals in the second quarter of 2022, with gross container volumes increasing by 2.9% year-on-year on a reported basis and 3.5% on a like-for-like basis.… Continue
Pakistan Bureau of Statistics is expected to announce the CPI numbers on August 01, 2022, for July’22 wherein we expect CPI to settle at 24.5%YoY/4.0%MoM. The massive rise in Housing, Water, Elec., Gas, Other Fuel Index likely to surge by 7.36%MoM similarly, the food index to increase by 4.33%MoM.… Continue
U.S. COVID-19 vaccine donations to Pakistan will surpass 77 million doses following an agreement to ship 16 million pediatric doses from the United States to Pakistan in partnership with COVAX. The new donation was announced at the conclusion of the first U.S.-Pakistan… Continue