Fly Jinnah marks one year of exceptional air travel service.

Fly Jinnah, Pakistan’s low-cost carrier, celebrates its first anniversary, honoring a year of extraordinary service and remarkable accomplishments. Over the course of the past 12 months, Fly Jinnah has firmly established itself as a preferred airline for travelers, operating a network of domestic flights and connecting major cities across Pakistan, including Karachi, Lahore, Islamabad, Peshawar, and Quetta.… Continue

Fatima Fertilizer signs agreement with Mastercard to digitize farm input payments in agriculture

Fatima Fertilizer, Pakistan’s leading fertilizer manufacturing company, and Mastercard, a global technology company in the payments industry, have signed an agreement aimed at modernizing Pakistan’s agricultural ecosystem by ensuring financial inclusion of farmers. This strategic collaboration will leverage the latest technologies to digitize payment transactions between a nationwide network of thousands of fertilizer dealers and the farmer community.… Continue

Zong 4G’s first E-Sports platform, “Zong Engage,”

Zong 4G, Pakistan’s leading digital network, staying true to its brand promise of “Let’s Get Digital,” launches its first-ever E-sports platform, “Zong Engage” to elevate the gaming experience of the country’s youth. With the launch of Zong Engage, all gaming enthusiasts can subscribe to the service, participate in exciting online gaming tournaments, and win prizes.… Continue

Daraz prioritises customer trust and extends the Return Policy to 14 Days

Daraz, Pakistan’s leading online shopping platform, has announced a customer-oriented policy change that extends its return timeline for Marketplace products from 7 days to 14 days, emphasizing its commitment to enhancing customer satisfaction. This policy adjustment aims to make the online shopping experience more convenient and streamlined for millions of customers across the platform.… Continue

Mastercard collaborates with Euronet Pakistan to modernize payment platforms

Mastercard has announced a strategic partnership with Euronet – an industry leader in processing secure electronic financial transactions – to bring Card-as-a-Service (CaaS) and Bank-as-a-Fintech (BaaF) solutions to Pakistan. The emerging CaaS and BaaF models allow banks, non-financial institutions and fintechs to easily create and launch innovative products with scalability and quicker time-to-market.… Continue

Tariq Glass has established a 1MW solar plant.

TGL’s earnings for 1QFY24 clocked in at PkR759mn (EPS: PkR4.41/sh), reflecting an increase of 115%YoY (EPS in 1QFY23: PkR2.05/sh). Topline for the company during 1QFY24 stood at PkR6.9bn, registering an increase of 7.5%YoY. Recently, TGL organized its corporate briefing session where the following points were discussed:

· Company has established a 1MW solar plant and plans to make further expansions considering high energy costs and the need to shift towards renewable energy sources.… Continue

The government should provide relief to the cottage industry with equal rights. President KATI Faraz-ur-Rehman

In a significant economic development, Pakistan’s tax collection has surpassed its targets, and for the first time in 14 months, notable growth in the large-scale and power sectors is recorded. Finance Minister Dr. Shamshad Akhtar shared these encouraging views during her address to industrialists at the Korangi Association of Trade and Industry (KATI).… Continue

PPL posted PAT of PkR29.62bn (EPS: PkR10.89) in 1QFY24

Pakistan Petroleum Limited (PPL) reported its 1QFY24 earnings earlier today, wherein the company posted Profit After Tax (PAT) of PkR29.62bn (EPS: PkR10.89) for the quarter, higher by 87%/13% on a QoQ/YoY basis—slightly above our estimate of PkR10.25/sh.

· The company’s posted its highest ever quarterly topline, clocking in at PkR77.45bn (up 6%/6% QoQ/YoY).… Continue

PRE-COP 28: Minister calls for collective action to pressing climate change challenges

Caretaker Federal Minister for National Food Security and Research, Dr Kausar Abdullah Malik, emphasised the need for collective efforts to address the challenges of climate change, water security, and food security on Monday. While addressing participants of a Pre-Cop 28 conference on “Accelerating the Water-Food Climate Nexus Transformation Pathways for Pakistan” organized by the International Water Management Institute (IWMI) in Islamabad, he stated that citizens must take steps to protect water resources to achieve sustainable development.… Continue

PTCL Group adopts Red Hat hybrid cloud solutions

Pakistan’s leading telecom and ICT services provider, PTCL Group (PTCL & Ufone 4G) announced today that it is leveraging Red Hat OpenShift, the industry’s leading hybrid cloud application platform powered by Kubernetes and Red Hat Application Foundations. These are a comprehensive set of components for developing and modernizing software to strengthen the Group’s digitalization ambitions.… Continue

SBP maintains the policy rate at 22 per cent today.

At its meeting today, the Monetary Policy Committee (MPC) decided to maintain the policy rate at 22 percent. The Committee noted that headline inflation rose in September 2023 as expected. However, it is projected to decline in October and then maintain a downward trajectory, especially in the second half of the fiscal year.… Continue

Finance minister says government ready to facilitate foreign investors

Caretaker Finance Minister Dr Shamshad Akhtar has asked OICCI to support government’s endeavors to encourage foreign direct investment and invest in export-based industries to support countries development and contribute to strengthening balance of payments in a sustainable manner. She shared these views while speaking to OICCI members during her visit to OICCI.… Continue

The Digital Pakistan initiative launched in 2018 saw the materialisation of tangible results- Still some challenges to overcome

Article by Zeeshan Bukhari, Co-founder Bit-Affix

Pakistan’s digital transformation journey has been marred by several obstacles hindering its progress and preventing it from keeping pace with its regional counterparts. While the government’s Digital Pakistan initiative was launched in 2018, tangible results have slowly materialised.… Continue

SIFC is very important for Pakistan’s economic interests

FPCCI’s presidential candidate, Atif Ikram Sheikh, said on Sunday that economic security is very important for the sovereignty and independence of the country; therefore, it must be the top priority for a decade so that the country can become self-sufficient. Presently, the country is facing high inflation and a struggling industrial sector.… Continue

Symposium on the future path for auto parts industry held at PAPS

A symposium on ‘The Future Drive: innovations, exports, trends, and way forward for auto parts manufacturers’ was held on the second day of the Pakistan Auto Show on Saturday at Karachi Expo Center. Imtiaz Rastgar, an export specialist, discussed export possibilities for light engineering and vendor industries and said that Pakistan’s vendors need to enter into the world market.… Continue

JS Bank stands with the Global Pinktober campaign, raises awareness about breast cancer

Reiterating its commitment to social responsibility, JS Bank participated in Global Pinktober Month, dedicated to raising awareness about breast cancer and the importance of early detection. The month began with awareness activities designed to communicate essential knowledge about breast cancer, its risk factors, and the role of early diagnosis to internal and external audiences through multiple platforms, including digital and social media channels.… Continue