As a part of its mission to develop Pakistani tourism and national identity, Siddiqi Hospitality (Pvt.) Limited welcomes Azam Jamil to the company as Country Head.
“A nation’s growth and well-being of its citizens depends on its global reputation,” said Azam.… Continue
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
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
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
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:-
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
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
The Oil and Gas Development Company Limited (OGDCL) held balloting to select employees for Hajj and Umrah for the year 2022-23. Managing Director/CEO OGDCL, Mr Khalid Siraj Subhani announced names of the lucky employees who will perform their religious obligations under the company-sponsored Hajj and Umrah Scheme.… Continue
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
· Another range-bound session was witnessed at the PSX today. The market opened in the green zone but due to the ongoing political uncertainty, investors chose to book profits at higher levels. Given President’s final approval for the COAS appointment remained pending, investor confidence remained lackluster.… Continue
Kohinoor Textile Mills Limited (KTML) held its analyst briefing yesterday, wherein the company management apprised of the following:
· To note, the company posted NPAT of PkR4.7bn in FY22, higher by 72%YoY, on the back of higher revenues during the period.… Continue
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
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
U.S. Ambassador Donald Blome visited Quetta, Balochistan, on November 23 to meet with Chief Minister Abdul Quddus Bizenjo, local partners working to advance climate change adaptation, representatives of higher education institutions, leaders of local NGOs, and Afghan refugees. During his visit, Ambassador Blome discussed U.S.… Continue
· A range-bound session was witnessed at the PSX today. The market opened in positive zone but lack of investors’ participation plunged the index down into the red and continued to trade in the same zone for most of the trading session.… Continue
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
Mr. Irfan Iqbal Sheikh, President FPCCI, has called for immediate policy interventions and resolution of anomalies pertaining to tea imports. He has explained that tea should be considered a necessity &a basic food item for everyone – and, not a luxury; as is the case as per current practice at the import stage.… Continue
· 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
SAP announced the launch of SAP Build, a powerful new low code offering to unleash the power of business users, launched at SAP TechEd conference in Las Vegas, USA, recently.
SAP Build empowers users of all skill levels to create and augment enterprise applications, automate processes, and design business sites with drag-and-drop simplicity.… Continue
The Overseas Investors Chamber of Commerce & Industry (OICCI) and the Pakistan Business Council (PBC) collaborated to host a design sprint on best practices needed to develop an effective Environmental, Social, and Governance (ESG) framework for Pakistan. The two-day workshop was facilitated by Unilever Pakistan Limited.… Continue
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
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
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
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
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
Despite macroeconomic and geopolitical challenges, KE is confident in serving its customers in a reliable and efficient way through a comprehensive, multi-pronged strategy. These comments were made by KE’s Chief Financial Officer Muhammad Aamir Ghaziani at a Corporate Briefing Session held at the Pakistan Stock Exchange (PSX) on Tuesday.… Continue