Sustained investment, holistic approach, driving improvement in KE’s performance

KE’s improved operational performance was acknowledged in the State of the Industry report for FY21-22. The report which offers a detailed snapshot of the health of the power sector of Pakistan. The report, published annually by National Electric Power Regulatory Authority (NEPRA), also highlighted the longstanding issue of supply of low gas to K-Electric’s power plants at Korangi and SITE, which is affecting 200 MW of generation capacity for Karachi and leading to expensive power generation.… Continue

U.S. Ambassador Donald Blome visits AJK to strengthen U.S.-Pakistan Trade and people-to-people ties

Ambassador Donald Blome visited Azad Jammu and Kashmir (AJK) October 2-4 to promote the U.S.-Pakistan partnership and highlight the two countries’ deep economic, cultural, and people-to-people ties.

During his visit, Ambassador Blome met with AJK Prime Minister Tanveer Ilyas and academic, business, cultural, and civil society representatives.… Continue

Meezan Bank wins the ‘Best Company in Financial Category’ award at MAP 37th Corporate Excellence Awards

Meezan Bank, Pakistan’s leading Islamic bank has been conferred with the top honour in the Financial Sector category at the Management Association of Pakistan’s (MAP) 37th Corporate Excellence Awards ceremony held recently, at Movenpick Hotel, Karachi. The Award recognizes Meezan Bank for its outstanding performance and demonstrating progress and enlightened management practices.… Continue

Jazz reinforces its data security with ISO/IEC 27001:2013 certification

Jazz, Pakistan’s largest digital operator and the largest internet and broadband service provider, has been certified to ISO/IEC 27001:2013, the international standard for information security management system.

Jazz, a part of the VEON group, achieved this accreditation after a rigorous assessment process symbolizing its commitment towards data protection and service excellence.… Continue

Another positive session was observed at the PSX today

· Another positive session was observed at the PSX today after the Current Account Deficit declined significantly which helped the investors to gain confidence. The market opened in the green zone and traded favorably throughout the trading session. After announcing that its parent firm is concluding arrangements for NASDAQ listing, Worldcall Telecom Limited continued to dominate the volume board as trading volumes increased on the main board.… Continue

Lucky Cement Awarded MAP’s Corporate Excellence Award

Lucky Cement Limited (PSX: LUCK) won the Management Association of Pakistan’s Corporate Excellence Award in the Cement Sector category. Atif Kaludi, Chief Financial Officer of Lucky Cement Limited received the award at the 37th MAP Annual Corporate Excellence Award Ceremony held at a local hotel yesterday.… Continue

Google for Startups Accelerator: Circular economy launches in Pakistan

Google is launching Google for Startups Accelerator: Circular Economy for startups and non-profit organizations in Pakistan, Asia-Pacific and North America. The program will select organizations that use technology to solve circularity challenges including reuse, refill, recycling, composting, fashion, food, safe and circular materials, and the built environment.… Continue

PTCL Group, Akhuwat deliver food packages to flood-affected communities in Balochistan

PTCL Group in collaboration with Akhuwat Foundation has delivered food packages to flood-affected communities in Balochistan that have been facing food shortages in the wake of recent monsoon floods.

The food assistance initiative is part of PTCL Group’s PKR 1.75 billion pledge towards relief and rehabilitation of the devastated communities across the country.… Continue

TECNO Mobile joins fashion industry through collaboration with BTW

TECNO Mobile Pakistan is doing an exciting fashion-style collaboration with BTW Pakistan. BTW is a fashion-forward brand, popular for chic western and Ethnic clothing. The Mondrian variant is the inspirational muse for this style collaboration between the two leading brands. The handset becomes an instant hit from its launch and was on trending on Twitter with #ColorChangingMobile.… Continue

Metro donates essential food Items for affectees

METRO Pakistan, supported by its parent company METRO AG, has entered into a Memorandum of Understanding (MoU) with the Pakistan Red Crescent Society (PRCS) for delivering essential food supplies worth PKR 11 million to flood affectees. The MoU was signed by the Director Corporate Affairs Mr.… Continue

A review of Pakistan fertilizer Sector sales in Sept 22-

As per the provisional fertilizer offtake data of Sep’22, urea offtake climbed up by 4% YoY to 508k tons compared to 487k tons in SPLY. Urea sales of EFERT witnessed a jump of 22% YoY, settling at 164k tons. Meanwhile, offtake of FFC and FFBL (combined) and FATIMA declined by 5% and 15% YoY, arriving at 237k tons and 79k tons, respectively.… Continue

Market expects more future dividends from HUBCO

HUBC announced FY23’s first interim payout of PKR15.50/share today after skipping DPS announcement in the final result of FY22. A significant payout prior to the slated quarterly earnings announcement shores up investor confidence massively. The stock hit upper circuit today, more prominently as the payout offers ample 22.2% dividend yield from last close (20.6% at today’s upper circuit).… Continue

Shan Foods receives the 45th FPCCI Export Awards

Leading global culinary brand, Shan Foods, has been honored with the Premier of Pakistan Export Award at the 45th FPCCI Export Awards in recognition of its export contribution in spice recipe mixes category and for its outstanding services in building a positive corporate image in international markets.… Continue

PCB-Bank Alfalah enter school cricket partnership

The Pakistan Cricket Board and Bank Alfalah have entered a four-year partnership to revive school cricket across the country. As per the partnership agreement, the PCB and Bank Alfalah will jointly organise a school tournament each year in which 120 schools (to be shortlisted by the PCB) will participate.… Continue

PSX experienced a positive day today on the back of HUBCO results

        PSX experienced a positive day today, as investor’s accumulated high dividend yield stocks and ongoing strengthening of the Pak rupee against the US dollar. It maintained that momentum throughout the trading session, reaching an intraday high of 275.06 points after the HUB power company announced an outstanding payout that boosted investor confidence.Continue

Pakistan does not deserve the imports of $80 billion

On Monday, the Management Association of Pakistan (MAP) organized the 37th Corporate Excellence Awards Ceremony at a local hotel. Former Finance Minister Miftah Ismail was the Chief Guest of the event and distributed awards among the winners. The top trophy winner in the Industrial Category was Engro Fertilizers Limited, while Meezan Bank Limited was awarded the top trophy in the Financial Category.… Continue

Saquib H. Shirazi elected Chairman PAMA for FY2022-23

Pakistan Automotive Manufacturers Association (PAMA) has elected Saquib H. Shirazi, President and CEO of Atlas Honda, as the new Chairman for 2022-23 in elections held on 30 September 2022. Mr Sohail Bashir Rana, Executive Director, Millat Tractors and Mr Masafumi Harano, Managing Director, Pak Suzuki Motors, were elected as Sr.… Continue

Tariq Sheikh Elected Unopposed Vice Chairman APCAA

Founder Chairman FPCCI Standing Committee on Custom Agents and Ex-Chairman Pak UK Business Council of FPCCI, elected unopposed as Vice Chairman of All Pakistan Custom Agents Association. Having 46 years in the related field as Custom Agents in Pakistan, who have also been listed by HM Custom & Revenue, UK Government to operate and work, specially Post Brexit Implications, for Transit Trade to EU Countries.… Continue

ACCA organized Corporate Conference in Multan

ACCA (the Association of Chartered Certified Accountants) hosted a large-scale corporate conference here in Multan today on the theme ‘Rethinking a better world – Sustainable Growth for Pakistan’ featuring country’s top business and thought leaders and policy makers.

The conference provided a platform to region’s key stakeholders and brightest minds to engage in interdisciplinary, forward-thinking conversations to propose an agenda to revitalise the private sector and kick start an era of sustainable, inclusive economic growth.… Continue