Zubair Motiwala urges to shun SSGC’s request for hike in gas prices

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 offers special fares on flights to Europe or the US from Pakistan

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

IAP and CDC-ITMinds Limited sign MoU for digital aggregation of insurance products

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 organization launches it’s harm reduction initiatives in Pakistan

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

Zong volunteers support SOS Village Sialkot

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

TikTok launches brand-new transparency centre as a hub for ongoing transparency and accountability

  • 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

Pakistan holds total liquid foreign reserves US$ 22,498.8 million

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

UNDP and NICL host innovators in plastic waste recycling at SolutionsFest 2.0

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

A Session organized in Arts Council of Pakistan Karachi to pay homage to “Dr. Abdul Qadeer Khan”

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

TPL Trakker to Power Masst Rides’ Next – Gen Transportation Service

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

Highest monthly trade deficit number hits PSX today

·          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 partners with LMKR to build Pakistan’s first open-loop transit solution and simplify the commuter experience

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

ACCA Pakistan, SEED Ventures, InfraZamin Pakistan and CFA Society Pakistan partner to advocate ESG and its growing importance

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 at Expo 2020 Dubai

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

Government approvals for an increase in dealer margins beneficial to OMCs

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