Mohammed bin Rashid attends launch of DP World Cargospeed

Vice President and Prime Minister of the UAE and Ruler of Dubai His Highness Sheikh Mohammed bin Rashid Al Maktoum today attended the launch of DP World Cargospeed, a new global company created through a partnership between global trade enabler DP World and Virgin Hyperloop One, to provide hyperloop-enabled cargo systems to support the fast, sustainable and efficient delivery of palletised cargo.

Read the rest

SECMC will supply coal to Lucky Electric Power

Sindh Engro Coal Mining Company (SECMC) has signed a coal supply agreement with Lucky Electric Power Company Limited (LEPCL) to supply 3.6 million tonnes of coal per annum from its open pit coal mine in Thar Block II. Lucky Electric Power Company Limited (LEPCL) is a public unlisted Company, incorporated in 2014.

Read the rest

DP World holds first live virtual AGM in UAE

Global trade enabler DP World has staged the first ever live virtual Annual General Meeting for shareholders at its headquarters in Jebel Ali. Shareholders were connected by a live webcast and telephone conference facility across the region and the world in order to cast their votes on the re-election of Board members and to be briefed on the company’s recent performance and growth strategy.

Read the rest

Telenor & Q Mobile collaborate to bring affordable 4G Smartphone

With an ambition to better connect Pakistan and empower the Pakistani society, Telenor Pakistan, country’s foremost telecom and digital services provider, and QMobile have entered into the next phase of their long-standing collaboration ushering in a new era of 4G ecosystem development through the introduction of LT-100, an LTE-enabled low-cost smartphone.

Read the rest

Standard Chartered Bank announces Q1 2018 results

Standard Chartered Bank (Pakistan) Limited has announced its Q1 2018 Results. The Bank reported a Profit before tax of PKR 4.2 billion compared to PKR 4.1 billion for the same period last year. Total revenue remained resilient, recording a growth of 1per cent despite reduced margins and re-pricing within the investments portfolio.

Read the rest

Participants of Senior Management Course visit NHA HQ

The participants of Senior Management Course led by Maj (r) Attique Arshad visited head office of National Authority (NHA). NHA’s Member Planning Asim Amin gave a detailed briefing to the visiting guests on working of the Authority. It was told that NHA controls 13070 km long road network, which is only 4.6% of the total roads of the country.

Read the rest

NDU delegation of Pakistan visits Turkey

A 17-member delegation of National Defence University (NDU) of Pakistan, headed by Brig. Muhammad Shamriaz, visited Turkey as part of its Foreign Study Tour from 20-27 April. The delegation included senior officers from Pakistan’s Armed Forces, Civil Service and officers from friendly countries who are attending National Security and War Course.

Read the rest

Sheikh Imranul Haque visits PSO retail outlet

MD & CEO PSO, Sheikh Imranul Haque, visited the PSO retail outlet in North Nazimabad, Karachi to interact with customers. Senior Company Management was also present on the occasion. Located on the busiest junction of the largest Pakistani city, the outlet flagship PSO site is being operated under the new vision retail outlet programme to serve thousands of daily commuters of the area.

Read the rest

Standard Chartered promotes Gateway to ‘Belt and Road’ opportunities

Experts from Standard Chartered’s Greater China Region hosted road shows in Sri Lanka, Bangladesh and Pakistan to outline the benefits of and investment opportunities from China’s B&R initiative, together with Renminbi internationalisation. The purpose of these roadshows is to enable our clients to take advantage of the benefits presented by China-led Belt & Road initiative (B&R), which is also bringing more cooperation opportunities for Pakistan and China.The B&R initiative, the biggest support to globalisation in the world today, is aiming to boost trade and investment growth across Asia, extending to the Middle East, Africa and Europe.

Read the rest

Pakistan Economic Survey 2017-18 : Pakistan achieves 13 years highest growth rate of 5.8%

The country’s Gross Domestic Product (GDP) recorded 13-year highest growth of 5.8 percent during the outgoing fiscal year (2017-18), indicating success of the government’s growth-oriented initiatives and prudent economic policies introduced for the economic development of the country. “Had we not gone through political crisis, which created uncertainty, we would have exceeded the growth target of 6 percent during the outgoing fiscal year,” said Federal Minister for Planning, Development and Reforms, Prof Ahsan Iqbal at the launching of Pakistan Economic Survey for the outgoing fiscal year (2017-18) in Islamabad on Thursday.

Read the rest

Trade Chronicle Latest Edition

Subscription Rates

Annual Rs. 1,000/- and Foreign by Air Mail $75/-

Click here for Subscription