MD Karachi Shipyard called on KATI

Rear Admiral Ather Saleem, Managing Director Karachi Shipyard & Engineering Works (KSEW) said that efforts to bring foreign investment in shipbuilding sectors were underway while he was addressing a gathering of Industrialists held at Korangi Association of Trade & Industry. On this occasion Patron-in-Chief of KATI SM Muneer, President Danish Khan, Head of KATI’s standing committee on industrial investment and standardization Syed Farukh Mazher, SVP KATI Faraz-ur-Rehman, Zubair Chhaya and others welcomed MD KSEW.

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ACCA and ICMA discusses greater collaboration in developing the accountancy profession

A high level meeting was held in Lahore between ACCA President, Mr Robert Stenhouse and the President of ICMA Pakistan, Mr Zia ul Mustafa to discuss areas of greater collaboration between the two institutions.

Also present at the meeting was senior management from both organizations including Mr Sajjeed Aslam, Head of ACCA Pakistan, Mr Arif Masud Mirza, Regional Head of Policy at ACCA, Mr Haroon Ahmed Jan, Regional Head of Member Affairs at ACCA, Mr Assad Hameed Khan, Head of Business Development at ACCA, Mr Faisal Azeem, Head of Education at ACCA, Mr Shahid Khan, Head of Business Development Central at ACCA, Ms Javaria Malik, Director Marketing and Communication at ICMA Pakistan and Mr Sarfaraz Ahmad, Joint Director Central Region at ICMA Pakistan.

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BankIslami announces 2018 annual financial results

The Board of Directors of BankIslami has approved the Bank’s Annual Audited Financial Statements, for the year ended December 31, 2018, in their meeting held in Karachi on February 28, 2019. BankIslami posted profit before tax (PBT) of Rs. 403 million for the year 2018, depicting a growth by 156% compared to PBT of last year.

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Philip Morris Pakistan closes one of its manufacturing facilities

Philip Morris (Pakistan) Limited (PMPKL) has announced that it will reorganize its cigarette-manufacturing operations, following a strategic review to optimize process efficiencies and operational effectiveness and to position PMPKL for sustainable future growth.

This will involve closure of the cigarette-manufacturing facility in Kotri, Sindh and will impact 194 employees, all of whom will be offered separation packages that will exceed what is required by law in order to facilitate them through this difficult transition period.

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KE partners with OUP to bring Karachi Literature Festival 2019

K-Electric has partnered with the Oxford University Press to bring the 10th edition of Karachi Literature Festival 2019 being held from 1st to 3rd March at a local hotel in Karachi. Besides an informative session by KE’s Chief Distribution Officer, Amer Zia during the festival, the power utility also organized its Plant for Pakistan drive and distributed saplings among the attendees in addition to setting up an Energy Conservation kiosk to raise public awareness around energy conservation and promote energy efficiency initiatives.

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10th Karachi Literature Festival Inaugurated

“The Karachi Literature Festival has come to occupy a premier position in the literary calendar of Karachi and I am glad to see that today it has completed 10 years. This is a platform where writers, poets, artists, actors and all those who are interested in literary activities, cultural developments and creative expression meet.

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GoAir Launches Flights to Abu Dhabi International Airport

Abu Dhabi Airports has welcomed GoAir’s launch of four new flights between Kannur International Airport (CNN) and Abu Dhabi International Airport (AUH), connecting the two cities with flights operating every Monday, Tuesday, Thursday and Saturday. GoAir’s inaugural flight from Kannur to Abu Dhabi was received with much fanfare today, as the Indian subcontinent remains one of the most popular destinations for travelers departing from AUH.

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Nestlé Pakistan partners with Clean Green Pakistan Movement

Nestlé Pakistan signed a Memorandum of Understanding (MoU) with Ministry of Climate Change, Pakistan to partner with the Clean Green Pakistan movement launched by the Prime Minister of Pakistan in October 2018. Clean and Green Pakistan Campaign is a much-needed initiative for Pakistan considering the low forest cover in most of the areas and poor cleanliness in rural/urban areas alike.

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5th Pakistan Mega Leather Post Show Report