· Market remained lackluster during the entire trading session, bear remained active in the market today by pushing investor on the side line in continuation to the concerns towards CAD and higher inflation along with indication of higher interest rates in the upcoming monetary policy.… Continue

Chairman Businessmen Group (BMG) & Former President Karachi Chamber of Commerce & Industry (KCCI) Zubair Motiwala has urged that this was not the right time to increase gas prices hence, the gas price hike request must be straightaway rejected while the SSGC should come up with pragmatic ideas to deal with its revenue shortfalls instead of requesting any increase in gas prices.… Continue

Emirates has announced special fares from Pakistan to multiple destinations in Europe and US. Passengers from Pakistan can plan their winter holidays in advance to save big on their air fares by booking early with Emirates. This is a suitable time for people who are traveling for leisure and to meet friends and family after a long wait to book their tickets on special fares.… Continue

The Professionals Network, a professional event management company operating in the fast evolving world of major national and international events, hosted an event titled, “Islamic Finance Expo and Conference (IFEC)” in Karachi. Pak-Qatar Family Takaful proudly participated at the event.

Mr.… Continue

The market is likely to trade in a range ahead of upcoming monetary policy on 14 Dec 2021, where investors are cautious over another sharp hike.

Moreover, redemption pressure from mutual funds in last two sessions (US$14.8mn) have also triggered selling pressure across the board where KSE-100 Index lost 2,136 pts (4.7%).… Continue

Under the regulatory impetus of SECP, Insurance Association of Pakistan (IAP) and Central Depository Company of Pakistan Limited (CDC) signed a Memorandum of Understanding for the digital aggregation of Insurance products CDC’s Emalaak Financials platform. Ms. Sadia Khan, Commissioner – Securities and Exchange Commission of Pakistan (SECP) presided at the MoU Signing Ceremony at the CDC House, Karachi.… Continue

Healthy Smiles, a locally registered & owned organization working on public health system initiatives, recently launched their website, www.healthy-smiles.org, at a recently held event in a private hotel in Karachi. The launch was attended by prominent members of the local and federal governments, foreign delegates, advocates, public health specialists, healthcare professionals and media personnel.… Continue

Committed to its purpose of connecting people to what matters most , Telenor Pakistan has signed a Memorandum of Understanding (MoU) with Velocity’s 7th cohort startup, Deaf Tawk, a video-call app that connects people with sign language interpreters to those who need to understand or communicate with differently-abled individuals.… Continue

In continuation of its efforts to accelerate digitalization in Pakistan and reduce the digital divide in the country’s education sector, Zong 4G, Pakistan’s premier cellular and digital services provider, has now joined hands with SOS Village in Sialkot to train young minds on digital education and earning opportunities.… Continue

• The Transparency Centre comprises the latest H1 2021 Content Removal Requests Reports alongside previous Transparency Reports
• Information in the Transparency Reports will be more visual and offer machine readable download data, following invaluable feedback from civil society organizations and other experts
• The Center forms an important step in TikTok’s commitment to ongoing transparency and accountability

TikTok has launched today a dedicated Transparency Center, to reinforce its commitment to accountability to its audiences.… Continue

The market commenced on a positive note given fall in the international oil prices amid outbreak of new COVID-19 variant “Omicron”, subsiding concerns over inflation. Moreover, approval of Saudi fund of USD 3bn and expectation of it arriving soon kept the sentiment high.… Continue

Pakistan Telecommunication Company Limited (PTCL) Group – PTCL and Ufone – has successfully concluded its flagship Justuju Internship Program, an exclusive development program for Persons with Disabilities (PWDs) to mark the International Day of Persons with Disabilities, falling on December 03.… Continue

The total liquid foreign reserves held by the country stood at US$ 22,498.8 million on 26-November-2021. The break-up of the foreign reserves position is as under:-

• Foreign reserves held by the State Bank of Pakistan: US$ 16,010.3 million
• Net foreign reserves held by commercial banks    : US$ 6,488.5 million
• Total liquid foreign reserves                 : US$ 22,498.8 million

During the week ended 26-November-2021, SBP reserves decreased by US$ 244 million to US$ 16,010.3 million.… Continue

The National Incubation Center Lahore (NICL) at LUMS collaborated with the Innovation-Acceleration Lab at the United Nations Development Programme (UNDP) Pakistan to host SolutionsFest 2.0: Reimagining our Relationship with Plastics in Pakistan. This three-day event, which aimed to discuss, strategize and create solutions for plastic pollution, was held from November 29 to December 1 at NICL. … Continue

Arts Council of Pakistan Karachi organized a discussion on “The Role of Media in Highlighting National Heroes” at Haseena Moin Hall in collaboration with Generation of Media Women and Pakistan Federal Union of Journalists. The event was presided over by Senator Abdul Haseeb Khan and the special guest was senior correspondent BBC Shafi Naqi Jami.… Continue

PAKISTAN, December 02, 2021: A delegation of senior executives, led by Adil Farhat, Chief Executive Officer, P&G (Procter & Gamble) Pakistan, met President Arif Alvi in Islamabad this week. The Company reaffirmed its commitment to Pakistan and to continue serving consumers and the community through its brands and operations in the country.… Continue

TPL Trakker Limited, Pakistan’s leading IoT, Telematics, and Digital Mapping Company, has partnered with Masst Rides Private Limited, Pakistan’s first Network Transportation Company, to power their ride booking service with location-based digital mapping services. With TPL Trakker’s mapping platform emerging local entrants in Pakistan’s digitization landscape especially ride hailing services are being enabled in their journey towards reshaping the national ecosystem. … Continue

·          Bloodbath session was observed today as investors were unable to digest series of outrageous economic indicators. First of all, highest ever monthly trade deficit number of USD 5.1bn, exports stood at USD 2.9bn while imports were USD 8.0bn. Secondly, expectation of higher interest rate increase in the upcoming monetary policy as 3M cut-off T-bill yields increased by 229bps to 10.79%, 6M at 11.50% and 12M at 11.51%.… Continue

Mastercard has announced a strategic partnership with LMK Resources Pakistan (Private) Limited (LMKR) to oversee the deployment of the country’s first open-loop transit payment solution. The collaboration will enable commuters to top-up and pay for their transit fares simply by using their debit and credit cards or digital wallets, eliminating the need to buy separate tickets for these services.… Continue

Haleeb Foods Limited, the pioneer dairy and beverages processor in Pakistan has partnered with CARE Foundation for Universal Children’s Day with an aim to support the education of underprivileged children. This partnership is an enhancement to HFL’s corporate social responsibility agenda.… Continue

ACCA and SEED Ventures (Pvt.) Limited, in collaboration with InfraZamin Pakistan and CFA Society Pakistan, organised an event titled ‘ESG (Environmental, Social and Governance): Business Integration, Public Trust & Brand Reputation’ on 30th November 2021 at Acton House Gardens, British Deputy High Commission, Karachi.… Continue

The Citizens Foundation (TCF), perhaps the largest network of independently run schools in the world, is set to be featured at the Expo 2020 Dubai’s Global Best Practices Programme in December 2021.

This week as the Expo 2020 Dubai celebrates the Knowledge and Learning Week, we will see many organisations such as TCF highlighting best practices in education to achieve Sustainable Development Goals.… Continue

The ECC has approved the increase in OMC and dealer margins on petrol and HSD, which will be effective by the next biweekly petroleum price changes (16 December 2021). OMC margins have been increased by PKR0.71/litre on both fuels from PKR2.97/liter to PKR3.68/liter, while dealer margins on petrol and HSD are up by PKR0.99/liter and PKR0.83/liter to PKR4.90/liter and PKR4.13/liter, respectively.… Continue

Huawei Consumer Business Group (BG) has recently launched a router product in their AX Series – HUAWEI WiFi AX2. It is the new smart router which supports Wi-Fi 6 technology and is an addition in the HUAWEI WiFi AX Series for home users.… Continue