Jubilee Life Insurance, Pakistan’s leading private sector life insurance provider, has been awarded the prestigious Effie Award in the Insurance Category at this year’s awards ceremony which was held virtually.This is the first time any insurance company has won the award in this category and Jubilee Life has been recognized for their ‘Hum Insurance NibhatayHain’ campaign.Jubilee

With this partnership, Careem Captains can now get free round-the-clock tele consultation services from Sehat Kahani, from the comfort of their homes.

Extended support provided to Careem Captains in terms of General Practitioner services in addition to insurance services already being provided during COVID-19

Careem, the internet platform for the greater Middle East and Pakistan, has partnered with Sehat Kahani, a leading e-health and telemedicine service provider, to provide free of cost, 24/7 medical and healthcare through tele consultation to its Captains.

In a bid to augment customer experience, Zong 4G, Pakistan’s leading cellular and digital service provider, has upgraded its self-service app. To meet the ever-changing needs of its customers, Zong 4G has added several new features that makes My Zong App more than just a self-service app.

Prime Minister’s Advisor on Commerce and Trade Abdul Razzak Dawood has categorically said that there is no consideration of extending tenure of trade bodies office bearers and even the law doesn’t allow such proposal.

He was talking to a delegation led by Patron in Chief of United Business Group (UBG) and former Chief Executive of Trade Development of Pakistan (TDAB) SM Muneer.

Government approves GST reduction on tractors; big catalyst for sales

The Pakistan government has approved the subsidy on tractors amounting to PKR1.5bn,which was announced in May as part of PKR50bn Agriculture support package.

As a result, the GST on tractors is being reduced from 5% presently to 0% for one year (FY21).

K-Electric (KE) has reiterated that no unscheduled load-shed is being carried out in any part of the city. Segmented load-shed (SLS) which is in line with the National Power Policy 2013 to address the issue of pervasive power theft and load-management which is on account of power shortfall follow a schedule which is duly notified to registered customers via SMS and is also available on the KE website.

In line with directive of Prime Minister of Pakistan Mr. Imran Khan on reaching out to the public through holding Khuli Kachehris by organizations under the Federal Government, Chairman National Highway Authority Capt ® Sikander Qayyum held E-Kachehri at headoffice of the Authority through NHA official Facebook Page and answered to the questions placed by the people all over the country.

iTecknologi Group of Companies has posted an annual revenue of PKR 100 Crores during the FY 2019-20. The management lead by the Group Chief Executive Officer – Mr. Salman Hussain, extended their gratitude towards all its personnel, partners, customers and stakeholders for their hard-work, commitment and patronage that resulted in this great success.

Following SBP’s decision to defer Monetary Policy for next 2 months, gave banking scrips the much needed impetus to rally. Anticipation of further rate cut died with SBP’s decision and investors view this decision as a signal of interest rate bottoming out.

To counter the negative impact of Covid-19 on the economy, State Bank of Pakistan (SBP) introduced a Refinance Scheme to Support Employment and Prevent Layoff of Workers, commonly known as SBP Rozgar Scheme, in April 2020. The scheme provides concessional financing to businesses for wages and salary expenses, provided they commit to not lay off their employees for the period of the loan.

Bank Alfalah & National Institutional Facilitation Technologies (NIFT) announced their strategic collaboration on NIFT’s digital financial services platform “NIFT ePay”, which is an industry first, enabling bank accounts for e-commerce across the banking industry. NIFT’s partnership with Bank Alfalah is unique and multidimensional; the Bank has supported in the realization of this new ecosystem by not only being the settlement bank for NIFT ePay, but also allowing access through its payment gateway – Mastercard’s MPGS – to NIFT ePay merchants for facilitating card transactions.

DP World LTD handled 33.9 million TEU (twenty-foot equivalent units) across its global portfolio of container terminals in the first half of 2020, with gross container volumes decreasing by 5.3% year-on-year on a reported basis and down 3.9% on a like-for-like basis.

President Pakistan Businessmen and Intellectuals Forum and All Karachi Industrial Alliance, FPCCI’s Businessmen Panel Sr. Vice Chairman, and former provincial minister Mian Zahid Hussain on Monday said unprecedented and continued hike in the price of gold in the international market is a sign of global economic crisis.

As per the data released by NFDC, urea offtake for Jun’20 increased 4.9x/81% MoM/YoY to 1.16mn tons. The sequential increase in offtake was witnessed industry-wide, due to a combination of low base effect and pre-buying.

The farmers delayed purchases in the previous month in anticipation of subsidy.

Fauji Fertilizer Company Ltd (FFC) has posted 2QCY20 NPAT of PKR4.9bn (EPS: PKR3.83), down 6% yoy, taking 1HCY20 profitability to PKR9.1bn (EPS: PKR7.18), up 3% yoy. The 2Q result was below than our expectation of PKR5.2bn (EPS: PKR4.12) mainly due to lower gross margins.