Millat Tractors profits up by 103 percent in 1QFY17

Pakistan leading Tractor manufacturer – Millat Tractors Limited (MTL) has posted earnings of PKR513mn (EPS:PKR11.6) in 1QFY17 compared to PKR252mn (EPS:PKR5.7) in the same period last year showing an increase of 103%YoY.

According to local research house, the company sales clocked in at PKR4.7bn in the outgoing quarter showing an increase of 32%YoY.

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KATI requests protective measures for Custom Officials

President of Korangi Association of Trade & industry (KATI) Masood Naqi, Senior Vice President Ghazanfar Ali Khan, Vice President Umer Rehan and head of KATI’s Standing committee on Customs, Port & Shipping Faraz-ur-Rehman demanded security for the personals and officials of Customs, performing their duties on border areas.

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Shaikh Khalid Tawab shows concern over Pakistan’s ranking on Global Competitiveness Index

Shaikh Khalid Tawab, Sr. Vice President Federation of Pakistan Chambers of Commerce and Industry expressed his serious concern over the lower ranking of Pakistan in Global Competiveness Index 2016-17; report of World Economic Forum (WEF).  He stated that as compared to last year, the ranking of Pakistan has improved by four notches and stood at 122nd in 2016-17 out of 138 countries, but this ranking is lowest in South Asian region which is alarming.

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KATI condoled the death of S M Muneer’s Sister

President Korangi Association of Trade & Industry (KATI) Masood Naqi, Senior Vice President Ghazanfar Ali Khan, Vice President Umer Rehan, Members Executive Committee and Former Chairmen KATI have condoled the sad demise of wife of Mohammad Usman (Late) Zenat Mill Walay and sister of Patron-in-Chief KATI and Chief Executive TDAP S M Muneer.

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PAJCCI has successfully substantiated the vision of strengthening the trade ties in the region: Siraj Kassam Teli (S.I)

President KCCI) lauded the role of PAJCCI in alleviating mutual issues of businesses across the border in such a short span of time and established that the objective of forming this chamber has been effectively materialized. The meeting was held in the new office premises of PAJCCI, which was also officially inaugurated by Teli in the presence of all the members and guests.

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Afzaal Memorial Thalassemia Foundation (AMTF)

President Karachi Chamber of Commerce and Industry (KCCI) Shamim Ahmed Firpo, is seen inaugurating the new ultrasound Facility at Afzaal Memorial Thalassemia Foundation (AMTF) in Karachi. Executive Director (AMTF) Ateeq Ur Rehman, Mujeeb ur Rehman Shamsi and Muhammad Zaki are also seen in the picture.

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Maldives have big potential for being the regional hub for Islamic finance: Zubair Mughal

A number of agreements have been signed by AlHuda Centre of Islamic Banking and Economics – UAE in Maldives for the development of Islamic Banking and Finance according to which AlHuda CIBE will guide and assist Maldives Centre for Islamic Finance(MCIF) and Islamic University of Maldives (IUM) in research, education, technical issues and others.

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A group photo Mobilink

A group picture of Ms. Anusha Rahman Khan, Minister of State for IT & Telecom, and Rizwan Bashir Khan, Secretary IT & Telecom (7L) with Aamir Ibrahim, CEO – Mobilink and Warid (6L) alongside Mobilink’s senior management taken at a ceremony held to welcome H.E Dr.Talal Abu-Ghazaleh, Chairman and Founder of the Jordan based Talal Abu Ghazaleh Organization (5L).”

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Zong crosses 1.5 Million 4G subscribers


Pakistan’s No.1 4G network, Zong, has crossed the huge milestone of 1.5 Million 4G subscribers. The news was shared today at Pakistan Telecommunications Authority (PTA) Headquarters, followed by a dignified celebration ceremony.

The event was graced by Zong’s Chairman and CEO Mr.

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Information Minister inaugurates exhibition of Chinese and Pakistani artists

A ten-day joint exhibition of Chinese and Pakistani artists started at Pakistan National Council of the Arts (PNCA) on Friday evening. Federal Minister for Information, Broadcasting and National Heritage Pervaiz Rashid was the chief guest on the occasion. Federal Minister for Planning, Development and Reforms Prof.Dr Ahsan Iqbal, Special Assistant to Prime Minister on Foreign Affairs Tariq Fatemi, Ambassador of China to Pakistan Sun Weidong,Director General PNCA Jamal Shah, Director General Directorate of Electronic Media and Publication (DEMP) Raja Iftikhar, artists of both friendly countries and a good number of people from different walks of life were present on the occasion.

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