Pakistan’s business community urged private terminal operators to comply with government appeals and announce some relief on terminal charges on stranded containers at their dock for want of a letter of credit realisation. President Karachi Chamber of Commerce & Industry (KCCI) Mohammed Tariq Yousuf, while appreciating the spirit shown by Karachi Port Trust (KPT) and Port Qasim Authority (PQA) by waiving demurrage charges, urged all Terminal Operators and Shipping Lines to adopt the same by sharing the burden of heavy demurrage and detention charges with the business community so that thousands of stranded containers could be released at the earliest which would lead to normalising almost stagnant trade, industrial and economic activities.… Continue
The 6th Consumers Road Safety Conference
On the occasion of the 6th Consumers Road Safety Conference organized by the Consumer Association of Pakistan, Javed Alam Odhu, DIG Traffic Police Ahmad Nawaz, DIG Motorway Police Javed Ali Mehr, Dr. Farhan Essa CEO Essa Laboratory, Iftikhar Ahmed National Manager Road Safety Atlas Honda, Asghar Ali Syed Head of CSR FCPCI, Brigadier Azhar Manzoor Chairman Advisory Council are addressing.… Continue
Faysal Bank Partners with Mercantile Pakistan to Provide BNPL facility
Faysal Bank partnered with Mercantile Pakistan (Authorized Apple Distributor) to provide a facility of Buy Now Pay Later (BNPL) at a zero percent profit rate to its customers using its payment cards. This is the first time in Pakistan that customers can avail BNPL facility to buy Official Apple products from authorized retail outlets.… Continue
NBP inaugurates first disability-friendly branch on Shaheed-e-Millat Road
In line with SBP’s vision to transform banks’ branches into disability-friendly branches for Persons with Disability (PWD); NBP has inaugurated its first branch having state-of-the-art facilities for PWD on Shaheed e Millat Road. The initiative is part of the bank’s advocacy platform to create a more inclusive community for people with disabilities in Pakistan.… Continue
The PSX concluded the week with a mixed session.
· The PSX concluded the week with a mixed session. The market opened in the red zone and traded in the same zone with sluggish activity throughout the first trading owing to the rupee dollar parity and political instability. However, after the second session resumed the bears took charge the index plunged down 440.97 points as investors opted to square-up their positions due to the rollover week.… Continue
Tianjin Port Group and Huawei deepen cooperation to build a digital twin of the world’s first smart, driverless, zero-carbon port terminal.
Tianjin Port Group and Huawei deepen cooperation to build a digital twin of the world’s first smart, driverless, zero-carbon port terminal.
Tianjin Port Group and Huawei announced that the two companies would deepen cooperation to build a digital twin of the world’s first smart, driverless, zero-carbon port terminal, making it more automated and intelligent.… Continue
A three members delegation of the PCA visits FPCCI),
A delegation of the Pakistan Coating Association (PCA), headed by Mr M Badar Haroon, Senior Vice Chairman of PCA, had a meeting with the Vice President of the Federation of Pakistan Chambers of Commerce & Industry (FPCCI), Mr Nadeem Ahmed Qureshi, to discuss with him the ongoing economic situation in the country and seek relief for the business community, particularly the PCA member industries.… Continue
Jazz partners with Kistpay to provide smartphones with easy installments
Jazz, Pakistan’s leading digital operator and a part of VEON Group, has signed an agreement with Kistpay, a Shariah-compliant financing platform, to bring smartphones to its consumers with easy installment plans.
This collaboration will offer easy installment-based and Shariah-compliant financing instruments to encourage more middle and low-income people to own a smartphone.… Continue
PTCL Group brings the biggest E-Sports gaming competition – ‘GameKey Arena’
Pakistan’s largest telecommunications group – PTCL & Ufone 4G – is bringing aboard professional and aspiring gamers from across Pakistan to compete in a thrilling PUBG MOBILE tournament on its gaming platform, ‘GameKey’. PTCL Group launched GameKey – a one-window access platform to a curated selection of the most popular online games to provide a seamless and rewarding playing experience to all gamers.… Continue
Another bull run was recorded at the PSX today.
Another bull run was recorded at the PSX today. The market resumed the trading session on a positive note and processed to make an intraday high of 1209.79 points after the government took positive measures to align with the IMF prerequisites before the resumption of talks for the revival of the IMF Program.… Continue
MCB Bank partners with Telenor Pakistan to further enhance its digital banking ecosystem
MCB Bank Limited, one of Pakistan’s leading banks, has entered into a strategic partnership with Telenor Pakistan, a leading telecommunication services provider, to facilitate its digital banking customers with greater access to Telenor Pakistan’s prepaid recharge services, special bundles and post-paid services.… Continue
Global Ride-Hailing Platform inDrive partners SHIELD to boost trust and fairness
inDrive, the world’s fastest-growing online ride-hailing service, today announced that it is utilizing global risk intelligence company SHIELD’s Device Intelligence. SHIELD’s technology is strengthening inDrive’s defenses against fraud and helping it achieve the highest levels of trust, transparency and fairness for drivers and passengers worldwide.… Continue
SAP highlights the importance of data protection & digital transformation through cloud migration for businesses
Saquib Ahmad, Country Managing Director, SAP Pakistan, recently held a discussion with the media for highlighting the role of cloud migration and the transformation that it will bring to businesses. Cloud migration is essential to ensure digital transformation and manage applications and data in the most cost-effective, efficient, and secure IT environment.… Continue
FPCCI for documentation of economy to control fiscal deficit: Irfan Iqbal Sheikh
Mr. Iran Iqbal Sheikh, President FPCCI, has formed a high-powered Budget Advisory Council to suggest budgetary measures – both on revenue and expenditure sides under the convenorship of Mr. Zakaria Usman, former president. He has emphasized documentation of economy to bridge fiscal deficit.… Continue
IMF conditions are harsh, but there is no other option: Mian Zahid Hussain
Chairman of National Business Group Pakistan, President Pakistan Businessmen and Intellectuals Forum, and All Karachi Industrial Alliance, and former provincial minister Mian Zahid Hussain on Wednesday said the IMF officials have become tired of promises and assurances and they will not act unless Pakistan takes action.… Continue
Another bullish session was taped today at the PSX.
· Another bullish session was taped today at the PSX. The market resumed with the same optimistic outlook as the previous closing. The index opened in the green zone, with the bulls taking charge throughout the trading session, reaching an intraday high of 889.97 points, accounting to recent developments in the revival of the IMF program, as the government appears to be taking all possible measures to revive the IMF program as it was reported that in the next ECC meeting gas tariffs will be raised, assisting in the resolution of the Gas Circular debt in accordance with IMF requirements.… Continue
Visa and WIZZIT sign an MoU to launch tap-to-phone in Pakistan and the levant.
Visa, the world leader in digital payments, signed an MoU with WIZZIT to bring innovative payment solutions to Pakistan. According to the MOU, Visa will invest in adding new payment solutions through the WIZZIT mobile app that will provide low-cost, seamless and secure payment solutions, including Tap to phone services for merchants and SMEs across the country for the first time in Pakistan.… Continue
Mohmand Dam Project: Project likely to be completed in 2026
Chairman WAPDA Engineer Lt Gen Sajjad Ghani (Retd) was briefed during his visit to under-construction Mohmand Dam Project that the diversion system is scheduled for completion in November this year, while the project is likely to be completed in 2026.
Member (Finance) WAPDA Naveed Asghar Chaudhry and Member (Power) WAPDA Engineer Jamil Akhtar were also present during the Chairman’s visit to Mohmand Dam Project.… Continue
Power Generation down by 7.8% YoY during 1HFY23
Power generation went down by 5% YoY to 8,417 GWh (11,313 MW) during Dec’22, compared to 8,827 GWh (11,865 MW) during Dec’21. The decline in the generation was owed to lower generations from FO (-89% YoY), Coal (-28% YoY), and Hydel (-3% YoY).… Continue
foodpanda brings pharmaceutical products, lab services and teleconsultation to its customers
With the purpose of delivering convenience to its customers, Pakistan’s leading delivery service, foodpanda, has added a wide range of pharmaceutical products and services to its shops platform. Users can now also avail lab services, like blood tests and x-rays within the app.… Continue
United States Organizes U.S.-Pakistani Diaspora Engagement Conference in Islamabad
At a U.S.-Pakistani diaspora conference today in Islamabad, United States Embassy Deputy Chief of Mission Andrew Schofer highlighted the valuable contributions of the U.S.-Pakistani diaspora, which is a key partner in the humanitarian, social, and commercial sectors in Pakistan.
Deputy Chief of Mission Schofer highlighted the longstanding U.S.-Pakistan… Continue
Power cement to use local Thar coal
Sindh Engro Coal Mining Company (SECMC) and Power Cement has signed a memorandum of understanding (MOU) for a trial run of Thar coal for cement production in their manufacturing unit. The memorandum was signed by Sindh Engro Coal Mining Company CEO Amir Iqbal and Power Cement CEO Kashif Habib.… Continue
United States partners with Khyber Pakhtunkhwa and Food and Agriculture Organization to boost agricultural livelihoods
U.S. Embassy Deputy Chief of Mission, Andrew Schofer, today joined U.S. Embassy Director of International Narcotics and Law Enforcement (INL) Lori Antolinez, Food & Agriculture Organization (FAO) Representative Florence Rolle, and KP Special Secretary of Agriculture Department Janat Gul to celebrate the successful completion of a $477,876 project to benefit the citizens of Khyber Pakhtunkhwa. … Continue
APCAA extend warm wishes on international custom
On the occasion of World Custom Day, Chairman All Pakistan Customs Agents Association (APCAA) Mr. Maqbool A Malik and Vice Chairman, Sheikh Muhammad Tariq, warmly expressed their wishes to the Officials of Pakistan Customs, throughout the Country. In a joint statement, Sheikh Tariq said, let us celebrate the occasion of International Custom Day, by thanking all the Customs Officials, for their good job.… Continue
Prioritising education is a key to human development, experts.
On this International Day of Education, experts stressed the need to prioritise education, especially in disasters, so that learners are not deprived of their right to education. They also highlighted the role of political parties in ensuring quality education. These thoughts were expressed during a dialogue conducted by Awaz CDS and the Child Rights Movement with the theme of “to invest in people, prioritise education”.… Continue