Provisional OMC sales data for Sep’19 remained dismal primarily led by decline in demand for High Speed Diesel (HSD) and Furnace Oil (FO). However, total sales volumes depicted improvement of 16% MoM to 1.50mn tons owing to Eid holidays in Aug’19.
Akram Wali Muhammad, Managing Director of Gerry’s Group visited the Federation of Pakistan Chambers of Commerce & Industry (FPCCI) and held meeting with its members under the Chairmanship of Dr. Mirza Ikhtiar Baig Senior Vice President; FPCCI, S.M Munner, Former Chief Executive of Trade Development Authority of Pakistan (TDAP) and Former President FPCCI; Noor Ahmed Khan, Arshad Jamal, Vice Presidents FPCCI, Syed Mazhar Ali Nasir, Immediate past Senior Vice President FPCCI, Shakil Dhingra, Former Vice President FPCCI etc.
JazzCash, Pakistan’s fastest growing digital financial service provider, and Bookme, a leading e-ticketing platform for transport and entertainment, have launched Bus Ticketing services to JazzCash customers across Pakistan. This service allows travelers to log on to their JazzCash app and complete end-to-end bus ticket booking for their journey.
Commissioner Karachi IftikharShalwani has urged the industrial association of the city to play their role in plantation drive. He was addressing to inaugural ceremony of tree plantation drive in Korangi Industrial Area. On this occasion former President of KATI Danish Khan, Group Chairman Martin Dow Abdul SattarAkhai, President of IAMKARACHI Amin Hashwani , Head of KATI’s Standing Committee on Tree Plantation JunaidNaqi and DC KorangiShaharyarMemon were also present.
President Pakistan Businessmen and Intellectuals Forum (PBIF), President All Karachi Industrial Alliance (AKIA), Senior Vice Chairman of the Businessmen Panel of FPCCI and former provincial minister, Mian Zahid Hussain on Wednesday said despite best efforts the government has missed quarterly revenue target set by IMF which may lead to a mini-budget.
Overseas Investors Chambers of Commerce (OICC) organised a CSR exhibition in Islamabad titled, “Impactful Journey: OICCI CSR Exhibition”. The purpose of the event was to showcase the impact of CSR activities of OICCI member companies across the country and their alignment to the United Nations Sustainable Development Goals.
Major players of the IT industry have decided to quote prices in US Dollars considering the recent economic shifts Pakistan has been going through. A letter is circulated and signed by top players of the IT infrastructure industry and they have disseminated the notification to their customers as well informing them about this change.
The Institute of Business Administration (IBA), Karachi organized a distinguished lecture on “Pakistan’s Economy: Macroeconomic Challenges and Outlook,” by Governor State Bank of Pakistan, Dr. Reza Baqir, at the IBA Main Campus. The session was moderated by Executive Director IBA Karachi Dr.
K-Electric has signed US$ 50 million loan agreements with Standard Chartered,which is supported by GuarantCo to undertake upgradation of power infrastructure including the installation of theft-resistant Aerial Bundled Cable (ABC) as well as smart grid solutions.
The financing documents were signed at KE head office by Moonis Alvi, CEO and Rizwan Pesnani, Head of Treasury from KE; Shazad Dada, CEO, SC and Lasitha Perera, CEO, GuarantCo.
Newly elected office bearers of Korangi Association of Trade & Industry have taken charge of their offices. Newly elected President Sheikh Umer Rehan, Senior Vice President Mohammed Ikram Rajput and Vice President Syed Wajid Hussain have taken the charge of office after their unopposed election for the post.
Intel Corporation and Oracle today announced that Oracle is incorporating the high performance capabilities of Intel® Optane™ DC Persistent Memory into its next-generation Exadata platform, Oracle Exadata X8M. Exadata powers Oracle Autonomous Database, Oracle Cloud Applications, and high-performance database infrastructure at most of the world’s leading banks, telecoms, and retailers.
Children of all ages and sizes could be seen thronging Governor House, Karachi all day, taking part in the many educational and fun activities designed for them by Pursukoon Karachi. The event was aimed to provide opportunity to the children of Karachi from all cross sections of society to come together and celebrate the diversity of the city in a secure and beautiful environment.
The National Grid’s (NTDC) 500kV Hubco-NKI line is under forced outage since 29th September 2019 due to which there is an unforeseen reduction up to 250 MW power supply from the national grid to the K-Electric system. K-Electric is making all possible efforts to manage the power shortfall created due to this situation in light of the rising temperatures following rain and compounded by the insignificant power supply from 150MW wind corridor of the National Grid due to low wind factor.
Taking a major step forward in digitally transforming the economy, the State Bank of Pakistan has issued NayaPay Pvt. Ltd. In-Principle approval to operate as an Electronic Money Institution (EMI).
As an EMI, NayaPay will enable Pakistanis to open E-Money accounts and make hassle-free digital payments to each other and to businesses.
President Pakistan Businessmen and Intellectuals Forum (PBIF), President All Karachi Industrial Alliance (AKIA), Senior Vice Chairman of the Businessmen Panel of FPCCI and former provincial minister, Mian Zahid Hussain on Monday said the New Sabzi Mandi of Karachi providing fruits and vegetables worth one billion rupees daily should be modernized.
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