Likee at the forefront of promoting National Talent with Talha Talib at the helm

As Pakistan’s short video content space grows, Likee, one of the country’s most popular creative video platforms, is leading the way by highlighting national talent that deserves our attention. Talha Talib, who brought honor to Pakistan by finishing in the top 5 at Weightlifting in the Tokyo Olympics 2021, has embraced the application and Likee is ensuring he gets the recognition he has earned.… Continue

Telecard all set to restructure its TFC Loan

Creditors are expected to soon restructure TeleCard’s outstanding TFC loan of Rs700 million, which would pave the way for the regulatory approvals for the planned IPO of its subsidiary, Supernet, the company sources said. The company had raised Rs2.4bn through its TeleTFC, paying back Rs1.7b to the creditors so far.… Continue

DG NAB visits FPCCI

Mian Nasser Hyatt Maggo, President FPCCI, has requested that NAB should facilitate the business, industry and trade community of Pakistan – and, play its due role to create conducive environment for economic growth in the country. Mian Nasser Hyatt Maggo said that DG NAB should take notice of undue cases of any businessman by any official and unfair notices should be withdrawn.… Continue

60th AGM : Motiwala appeals federal, provincial governments to pay special attention of Karachi’s woes

Chairman Businessmen Group (BMG) & Former President Karachi Chamber of Commerce & Industry (KCCI) Zubair Motiwala has fervently appealed the federal and provincial governments to pay special attention to the woes of Karachi which has largely been ignored by both the governments that resulted in further worsening the already awful infrastructure all over Karachi where the roads, sewerage and rainwater drainage lines have totally wrecked and the city faces severe gas, electricity and water shortages.… Continue

Tasawar Hussain becomes Chairman PLGMEA

Tasawar Hussain Butt has been unanimously elected as the Chairman of the Pakistan Leather Garments Manufacturers and Exporters Association (PLGMEA) Central for the year 2021-2022 in the first meeting of the newly elected 20th Central Executive Committee. Rashid Arshad Zahur was elected as Senior Vice Chairman and Kashif Rahim as Vice Chairman.… Continue

Zong and Meezan Bank join hands to enrich customer experience

Pakistan’s cellular and digital services leader, Zong 4G, has partnered with the country’s Best Bank, Meezan Bank to further build upon an interconnect relationship and deliver exceptional quality service to mutual customers of both the organizations. The partnership will enable Meezan Bank customers, who have Zong prepaid or postpaid connections, to recharge their mobile balance and pay their postpaid bills more conveniently via the bank’s Alternate Distribution Channels.… Continue

Standard Chartered Pakistan selects RiskNucleus® Governance, Risk & Compliance Solution

Aimed at digitizing the compliance-risk management processes, Standard Chartered Bank Pakistan Limited (“SCBPL”) has selected the Risk Nucleus® Governance, Risk & Compliance (GRC) solution, which is created and backed by the expertise of Bench Matrix. Deployment of this fully configurable and integrated, web-based application reflects the technological-innovation and process-advancement at Standard Chartered, with an aim to further strengthen controls culture through automation for identification, assessment and management of compliance risk.… Continue

Emirates’ A380 network expansion gains momentum as travel demand continues to rise

In line with the continued easing of travel restrictions around the globe, Emirates has announced that its flagship A380 aircraft will soon be deployed to an expanded list of destinations starting in October and November. By the end of November, the number of cities that the aircraft will serve will be scaled up to 27, representing a more than 65% increase from its current 16.… Continue

Shipping rates advisory board (SRAB) should be formed: President FPCCI

Mian Nasser Hyatt Maggo, President FPCCI, has proposed to Ministry of Maritime Affairs, Ministry of Commerce and Customs to work together with Pakistan Shippers’ Council (PSC) of FPCCI to help protect the shippers and freight forwarders of the country from historically and unprecedentedly high shipping and freight charges; coupled with unavailability of shipping containers and container ships.… Continue

PSX index moves both sides today

·        Market posted gains of 163pts earlier in the session, but faced the onslaught sooner which caused the erosion of these gains and netting a loss of 732pts during the session. Leveraged positions mostly got thrashing, however, resumption of PKR slippage was another reason cited for the panic selling in market.… Continue

Daily cargo handling report of Karachi port trust

The Karachi Port Trust handled 389,392 tons of cargo comprising 285,483 Tones of import cargo and 103,909 Tons of export cargo during last 48 Hrs ending at 0700 Hours.

TOTAL IMPORT CARGO:

The total import cargo of 285,483 comprised of 95,743 Tons of Containerized Cargo, 12,068 Tons of Bulk Cargo, 10,422 Tons of DAP, 8,168 Tons of Iron & Steel Scrap, 5,475 Tons of Sugar, 23,838 Tons of Wheat and 129,769 Tons of Oil/Liquid Cargo.… Continue

Kreative Kinder Haus comes to Lahore

Kreative Kinder Haus (KKH), an educational setup that offers inclusive developmental and learning opportunities to children with special needs has launched its new branch of preschool and special needs program for the residents of Lahore in collaboration with Synergy Health Shift Centre.… Continue

Shoot the Moon!

Ever wondered what the recent moon craze is about? From visiting moon to buying land on the moon, people have been going crazy about it. Most of the people who are doing so are either millionaires or hold a powerful position in the society.… Continue

Sitara Peroxide announced its FY21 result today

Sitara Peroxide Limited (SPL) announced its FY21 result today, posting below-expected earnings of PKR 35Mn (EPS: PKR 0.6), down 53% YoY. During 4QFY21 alone, the company recorded a loss of PKR 86Mn (LPS: PKR 1.6) as against a profit of PKR 83Mn (EPS: PKR 1.5) and PKR 24Mn (EPS: PKR 0.4) in 4QFY20 and 3QFY21, respectively.… Continue

PSX : This week marked FY22’s worst performing week to date

This week marked FY22’s worst performing week to date (second on CY basis), the equity bourse closed at 45,074points (down by 3.4% / 1,563pts WoW). Amid rising demand and the upcycle in international commodities exacerbating the deficit on the external front, raising red flags over future CPI readings and building pressure on the Pak Rupee, the SBP commenced tapering its monetary stimulus.… Continue

KCCI seeks an extension in IT returns till October 31

President Karachi Chamber of Commerce & Industry (KCCI) M. Shariq Vohra has requested the government to extend the last date for filing Income Tax Return from September 30, 2021, to October 31, 2021, as many taxpayers were finding it hard to file their returns on time due to ongoing extraordinary situation in which many businesses have suffered badly because of limited timings and other curbs imposed to contain the spread of COVID-19 pandemic.… Continue