IMC & NED commence massive research project to mitigate traffic hazards

Under its social responsibility banner, “Concern Beyond Cars”, Indus Motor Company Limited (IMC) and NED University of Engineering & Technology (NED) have partnered to improve the deteriorating condition of safety on roads in the country. The two year contract was signed by IMC Chief Executive, Ali Asghar Jamali and NEDs Registrar, Ghazanfar Hussain, at the company’s headoffice.… Continue

Spotify brings Pakistan’s first masterclass for Artists Community

Spotify hosted its first Masterclass in Pakistan, exclusive to artists and labels, with the aim to educate them about Spotify For Artists. The signature educational session shed light on avenues for artist development offered through Spotify where musicians have access to the data, tools, and knowledge that they require to facilitate their journey of raising their profile and finding fans across borders.… Continue

Pakistan posts decline in remittances and imports in Oct 2022

Pakistan’s monthly CAD has increased to USD567mn in Oct’22, up 56% MoM primarily due to decline in remittances and imports. However, CAD has reduced significantly on YoY basis from USD1.78bn in Oct’21. This is due to administrative measures to curb non-essential imports and reduced energy imports, lowering the trade deficit to USD2.3bn (-35% YoY and -3% MoM).… Continue

Pakistan State Oil welcomes ministry officials

Minister of State (Petroleum Division), Ministry of Energy, Mr Musadik Malik and Captain (retd.) Mohammad Mahmood, Additional Secretary (In-charge) for Petroleum Division visited PSO’s Head Office in Karachi.

Managing Director & CEO, Pakistan State Oil (PSO), Syed Taha along with the company’s senior management discussed the various aspects of energy demand and supply scenario, sustainability of supply chain, future strategy and road map to meet country’s requirements with the guests.… Continue

Over 250 cyclists participated in The Citizens Foundation event cycle

Over 250 cyclists participated in The Citizens Foundation (TCF) Event Cycle For Change this year to help raise funds to bring flood-affected children in Pakistan back to school.  A significant number of cyclist groups participated from various parts of Karachi and gathered at TCF School Shirin Sultan Dossa Campus, Qayyumabad  to advocate for quality education.… Continue

The monetary policy on November 25. Markets expect SBP to keep the policy rate unchanged at 15%.

The monetary policy committee of SBP will convene on Friday (November 25, 2022). We expect SBP to keep the policy rate unchanged at 15% in the upcoming monetary policy. To recall, in the last MPS too, policy rate was kept unchanged at 15% and this stance was taken in lieu of a continued deceleration in economic activity as well as a decline detected in headline inflation since the last meeting held in Aug’22.… Continue

Shaheen Afridi & Shoaib Malik join Babar Azam & Shadab Khan to debut inside the world’s biggest game

Free Fire has announced Pakistani cricket icons Shaheen Afridi and Shoaib Malik are set to join the stage with Babar Azam and Shadab Khan as the official brand ambassadors for Free Fire in Pakistan. Free Fire is the world’s leading mobile battle royale game with over 1 Billion downloads and has been at the forefront of the esports revolution in Pakistan.… Continue

KE has requested a reduction of PKR 7.833 / kWh rupees on account of Quarterly Adjustments

NEPRA announced to conduct a public hearing on 30 November over the petition submitted by K-Electric on account of Fuel Charges Adjustments (FCA) for October 2022 and Quarterly Adjustments for July to September 2022.

For the month of October, K-Electric has filed a petition for the negative FCA at a rate of PKR 1.883/kWh and is the fourth consecutive negative FCA since July.… Continue

Business community hails appointment of Zubair Motiwala as CEO TDAP

Business Community has expressed pleasure and welcomed the appointment of Zubair Motiwala; Chairman PAJCCI as CEO of Trade Development Authority of Pakistan (TDAP). Motiwala is a well-known industrialist, businessman, and social worker. He is the founding Chairman of the Pakistan-Afghanistan Joint Chamber of Commerce & Industry (PAJCCI), Managing Director of Diamond Textile (Pvt.)… Continue

Breach of promise- Postponement of the IMF review dangerous: Mian Zahid Hussain

Chairman of National Business Group Pakistan, President Pakistan Businessmen and Intellectuals Forum, and All Karachi Industrial Alliance, and former provincial minister Mian Zahid Hussain on Friday said the postponement of the IMF ninth review mission is very dangerous. The economy does not have the capacity to oppose the IMF, so the agreement made with the international organization should be respected, he said.… Continue

Faraz Abid Lakhani becomes Special Assistant to CM, Sindh

Mr Faraz Abid Lakhani, President of ILMA University, has been appointed Special Assistant to CM, Sindh, Syed Murad Ali Shah, through an official notification. He is assigned to this coveted position due to his service to the Country.

Mr Lakhani is an enterprising entrepreneur and a renowned personality in the socio-economic, educational and philanthropic spheres.… Continue

BARD Foundation takes the lead to ensure high quality science education in collaboration with Roshni homes trust

BARD Foundation is funding Roshni Homes Trust x Sciencefuse programme, which aims to teach high-quality science education in a creative way to children of Roshni Homes first, then across the ‘Golden Triangle’ (Sialkot, Gujrat and Gujranwala). Sciencefuse is a social enterprise working to improve the quality of science education among 3- to 14-year-old students.… Continue

Infinix X Discovery Global Vlog Challenge is now live!

Infinix today announced the launch of the Infinix X Discovery Global Vlog Challenge, which aims to build an ecosystem of mobile videography captured by Infinix users. The campaign aims to inspire users of passion mobile photography thereby expressing it through creative short videos on various social media channels.… Continue