Shell Pakistan signs ABHI as first customer for voluntary carbon compensation offer

Shell Pakistan Limited signed ABHI, Pakistan’s first financial wellness platform, as its first official customer for the launch of its new voluntary carbon compensation program. This program provides an avenue for all ABHI employees who are using Shell Fuel Cards to offset hard-to-abate carbon emissions from their fuel consumption by using Shell’s global portfolio of carbon credits.… Continue

Emirates and flydubai celebrate five years of partnership

This month marks five years since Emirates and flydubai activated their extensive partnership and joined forces to offer customers unrivalled travel options to every corner of the globe. They’ve certainly delivered on their promise. The carriers’ joint route network has significantly expanded, enabling more than 11 million customers to connect on over 250,000 flights and benefit from seamless travel since the partnership launched in 2017.… Continue

Gluco Kahani’s memorable Children’s Day rhyme teaches the spirit of helping others

This International Children’s Day, Peek Freans Gluco has launched a new rhyme, ‘Qadam Barhaein Hum’ in their popular series in the children’s edutainment category, called Gluco Kahani. This rhyme comes as a gift to Gluco Kahani’s young fans through which they can learn social, moral, and ethical values in their national language Urdu.… Continue

SBP’s reserves decreased by US$ 134 million

The total liquid foreign reserves held by the country stood at US$ 13,645.0 million as of 18-Nov-2022. The break-up of the foreign reserves position is as under:-

  • Foreign reserves held by the State Bank of Pakistan: US$ 7,825.7 million
  • Net foreign reserves held by commercial banks    : US$ 5,819.3 million
  • Total liquid foreign reserves                 : US$ 13,645.0 million

During the week ended on 18-Nov-2022, SBP’s reserves decreased by US$ 134 million to US$ 7,825.7 million due to external debt repayment.… Continue

KATI felicitates the appointment of General Syed Asim Munir as Army Chief of Pakistan

Korangi Association of Trade and Industry (KATI) Patron-in-Chief SM Muneer, President Faraz-ur-Rehman, CEO of KITE Limited Zubair Chhaya, Senior Vice President Nighat Awan, Vice President Muslim Mohammadi along with the Executive Committee members welcomed the appointment of General Syed Asim Muneer as Chief of Army Staff and Lt General Sahir Shamshad Mirza as Chairman of Joint Chiefs of Staff Committee by the Prime Minister Shehbaz Sharif.… Continue

Visit of the Prime Minister to Türkiye (25-26 November 2022)

On the invitation of His Excellency President Recep Tayyip Erdogan, Prime Minister Muhammad Shehbaz Sharif will pay a two-day official visit to Türkiye, from 25-26 November 2022. Alongside President Erdogan, the Prime Minister will jointly inaugurate the third of the four MILGEM Corvette Ships for the Pakistan Navy, PNS Khyber at the Istanbul Shipyard.… Continue

Urea import is needed to meet the demand-supply gap.

As per the latest data compiled by NFDC, in Oct’22, Urea offtakes declined by 16%YoY/15%MoM to 430k tons.

The Rabi 2022-23 season started with an opening inventory of 294k tons of urea. The total availability of urea would be around 3,494k tons comprising of 2,937k tons domestic production and 263k tons of imported supply.… Continue

Pakistan IT exports in Oct-22 up by 13% YoY

Information Technology (IT) exports of Pakistan for October 2022 increased by 13% YoY to US$221mn due to an increase of 38%/8% YoY in Telecom/Computer services.

Export number also recovered by 7% MoM from September 2022 mainly due to a 42% MoM increase in Telecom Services.… Continue

Huawei signs global ITU pledge to help 120 million people in remote areas connect to the digital world

Huawei has signed a global commitment to join the International Telecommunication Union’s Partner2Connect digital alliance, which will bring connectivity to about 120 million people in remote areas in more than 80 countries by 2025.

Liang Hua, Chairman of Huawei, announced the decision at the company’s 2022 Sustainability Forum, Connectivity+: Innovate for Impact.… Continue

Pakistan POL imports drop 29.5% in 4MFY23

·         Past four months have seen the demand for refined petroleum products drop by 21.6% majorly due to higher pump prices, impact due to floods and an overall economic slowdown.

·         A 29.5% decline in POL product imports was witnessed as well in the first four months (Jul-Oct), compared to SPLY, as quantity imported stood at 6.06mn tons during the period vs.… Continue

LUMS and London School of Economics partner to celebrate 75 years of Pakistan

LUMS recently hosted the ‘Pakistan@75’ Summit curated by the South Asia Centre of the London School of Economics and Political Science. This collaborative event brought together over two hundred and fifty students, academics, industry professionals, and entrepreneurs to participate in a series of critical conversations around topics ranging from policy and philanthropy to health and the future of Pakistan’s economy.… Continue

Malaysian CG underscores need to review 15-year-old FTA

Consul General of Malaysia Herman Hardynata Bin Ahmad has said that Malaysia and Pakistan, in addition to having several multilateral agreements as members of UN, OIC and D-8, had also signed 20 bilateral agreements including a Free Trade Agreement (FTA) but this 15-year-old FTA, which was inked in 2008, needs to be reviewed with a view to further improve the existing trade ties between the two brotherly countries.… Continue

EFP recognises foodpanda as a leader in women’s empowerment

foodpanda, one of the leading q-commerce and delivery companies in the country, has been recognised by the Employers’ Federation of Pakistan (EFP) as one of the ‘top 10’ organisations in the country facilitating women’s empowerment through its business.

The prestigious recognition comes as a part of EFP’s research across 250 organisations that practise and enable women’s empowerment.… Continue

NIMA observed World Fisheries Day 2022

Joint efforts of Government and stakeholders are essential for transforming the fisheries sector to address depleting fish stocks and economic prosperity; Mr Tameezuddin Khero, Secretary of Livestock & Fisheries, presides over NIMA’s Webinar

The fisheries sector of Pakistan has a lot of potentials; however, it can be developed with the active support of all stakeholders, including Federal and Provincial Governments.Continue

OGDCL distributes wheelchairs, rickshaws, and school uniforms to the Hindu community

The Oil and Gas Development Company Limited (OGDCL), under its CSR program, has distributed 20 wheelchairs, five rickshaws and 1021 school uniforms and shoes among Hindu community members in the Tharparkar district of Sindh province.

As a responsible corporate entity, OGDCL distributed the wheelchairs, rickshaws, school uniforms and shoes worth PKR 2.4 million from the company’s CSR funds at the request of the Pakistan Hindu Council (PHC).… Continue