Meta today shared updates on how it will help keep Pakistan’s communities safe and protect the integrity of the upcoming Pakistan General Election through its proactive approach, which includes forming an Election Operations team; developing stronger policies to address harmful content and networks; combating misinformation; increasing transparency for political ads, and driving digital literacy and civic education programs.… Continue
Author Archive: Siddiqi
Mastercard SME Confidence Index 72% of SMEs in MENA project similar or increased revenue in 2023
From surviving to thriving in the post-COVID world, small and medium enterprises (SMEs) in the Middle East and North Africa (MENA) are optimistic about 2023 revenue projections. These are the findings of the second edition of the Mastercard Eastern Europe, Middle East, and Africa (EEMEA) SME Confidence Index.… Continue
The decision to further discourage imports is laudable: 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 said on Wednesday that the economy is recovering slowly due to the actions of the government and the army.… Continue
Indus Motor wins multiple accolades at the International EHS Awards
The Professionals Network (TPN) honored Indus Motor Company (IMC) with awards in multiple categories, for its continued commitment and exceptional contribution to the Global Goals, at the 9th International Environment, Health and Safety Summit and Awards 2023. The awards were presented at a ceremony hosted by TPN at Karachi, by Mirza Babar Baig, Sr Vice President/Group Head, National Bank of Pakistan.… Continue
Dawlance factory converted to Solar-Power
Dawlance has converted one of its manufacturing facilities in Karachi to Solar-Power, with an investment of more than 600,000 Euros. This solar plant will enable the DPL factory to produce 4,000 kilowatts of electricity, enough to meet 20% of the factory’s power needs with renewable energy.… Continue
PTCL Group collaborates with ConnectHear to conduct sign language training
Pakistan’s largest telecommunication operator, PTCL Group (PTCL & Ufone 4G) collaborated with ConnectHear, a social enterprise working to empower persons with hearing impairment, to organize a sign language training session for its Customer Service Center (Joint Shops) representatives from the North region.… Continue
Nishat Mills Limited announced a cash dividend of PkR5/sh.
Nishat Mills Limited (NML) announced its 4QFY23 result earlier today, wherein the entity recorded unconsolidated NPAT of PkR1.03bn (EPS: PkR2.9) for the quarter, lower by 69%QoQ and 18%YoY. This decline in earnings is majorly attributable to a quarterly decline in other income (absence of dividends from power subsidiaries/associates) and high taxation.… Continue
Crackdown against urea hoarders, smuggling brings farmers relief in Pakistan.
The government’s crackdown against urea hoarders and smugglers has started to yield favourable results as the market prices for farmers have begun to normalise and reduced by around Rs 500 to 600 per bag. Last week, the Interim Interior Minister Sarfaraz Bugti initiated strict action against culprits involved in the smuggling and hoarding essential commodities, like wheat, sugar, urea and oil.… Continue
U.S. Deputy Chief of Mission visits Khyber Pakhtunkhwa to bolster security ties
U.S. Deputy Chief of Mission Andrew Schofer visited Peshawar September 25-26 to reaffirm U.S. commitment to border security and continued support for Pakistan in its fight against cross-border infiltration and militancy in Khyber Pakhtunkhwa. During the visit, DCM Schofer visited the Inspector General of Frontier Corps at the historic Fort Balahisar, where he announced a new $250,000 program to enhance the Frontier Corps’ nighttime operational capabilities.… Continue
Kabir re-elected as BCMA president for two years.
Md Alamgir Kabir, vice-chairman of Crown Cement PLC, has been re-elected as president of the Bangladesh Cement Manufacturers Association (BCMA) for 2023-25. Similarly, Imran Karim, vice-chairman of Confidence Cement Ltd, and Abdul Khaleque Pervez, managing director of Diamond Cement Ltd, were also re-elected as the 1st and 2nd vice-president of the BCMA.… Continue
Cheezious partners with WWF to combat food loss and waste on International Awareness Day
Cheezious, a leading name in the food industry, is thrilled to announce its partnership with the World Wide Fund for Nature (WWF) on the occasion of International Awareness Day of Food Loss and Waste. This collaboration reflects Cheezious commitment to social responsibility and its dedication to addressing critical global issues, such as food loss and waste.… Continue
Indus Hospital & Health Network commemorates World Lung Day
Voices Against Tobacco (VAT), an initiative of Indus Hospital & Health Network (IHHN), commemorated World Lung Day this week by hosting a friendly football match with partners Karachi United and Kiran Foundation. World Lung Day is commemorated each year to bring attention to the factors affecting lung health and how to address them.… Continue
PEMDA oath-taking ceremony held
Pakistan Electro Medical Equipment Manufacturers and Distributors Association (PEMDA) shall try to save foreign exchange of the country by encouraging local production of medium level Electro Medical Equipment. It was determined jointly by Mr. Qasim Ali, Patron in Chief, Mr. Babar Kayani, Chairman, Mian Tahir Rashid, Senior Vice Chairman, Mr.… Continue
The majority of citizens concerned about their protein intake
The ‘Right To Protein’ initiative, powered by the U.S. Soybean Export Council (USSEC) introduced the ‘Pakistan Protein Perception Study 2023’, an insightful report developed basis a nationwide survey conducted by YouGov assessing citizen’s knowledge, behaviour, and perceptions about protein foods in Pakistan.… Continue
Jazz-NUST 5G Innovation Lab Hosts Pakistan’s First 5G Hackathon in Partnership with NITB and Code for Pakistan
Jazz, Pakistan’s largest digital operator, is bringing Pakistan’s first 5G Innovation Hackathon in close collaboration with the National University of Sciences & Technology (NUST), NITB, and Code for Pakistan (CfP). The groundbreaking initiative aims to harness the immense potential of 5G technology and other cutting-edge innovations to address critical challenges in Pakistan’s key sectors, including health, education, financial services, disaster management and climate change, agri-tech, and Industry 4.0.… Continue
KT Bank receives SBP approval to introduce digital banking services in Pakistan
KT Bank, an under-formation digital bank has received In-Principle approval from the State Bank of Pakistan (SBP) in a ceremony recently organized by SBP. The approval was handed over by Mr. Jameel Ahmad, Governor of SBP in an elegant ceremony organised at the SBP Museum.… Continue
EBM & SoL inspire youth with 100 “Leaders of Change” Stories at the 22nd Young Leaders Conference
English Biscuit Manufacturers (EBM) brought together future leaders for the 22nd time with the Young Leaders Conference (YLC). This edition marks EBM’s decades-long commitment to the School of Leadership (SoL) as the founding partner to empower the young leaders of Pakistan.… Continue
EFP 17th Occupational Safety, Health, Environment Awards Ceremony held in Karachi
Sindh’s Caretaker Minister for Law and Religious Affairs and Human Rights, Barrister Mohammad Omer Soomro, has said that most of the labour standards are already in conformity with the Quran and Sunnah that was revealed 1500 years ago. It is incumbent upon employers to safeguard the interest of workers and provide them with all required facilities, including a living wage so that a satisfied worker is keener to improve the working and profitability of an enterprise.… Continue
inDrive accelerates growth, expanding to five new cities in Pakistan
In a move set to redefine the transportation landscape, inDrive, Pakistan’s leading ride-hailing service, is thrilled to announce its expansion into five new cities, including Larkana, Kāmoke, Sheikhupura, Hafizabad, and Okara. This strategic expansion is a testament to inDrive’s commitment to providing seamless, convenient, and reliable mobility solutions to an even broader nationwide audience.… Continue
KATI hailed BMG’s victory in the Karachi Chamber Elections
In a resounding victory for the business community, the Businessmen Group (BMG) emerged triumphant in the Karachi Chamber of Commerce and Industry (KCCI) managing committee elections. The landslide win was hailed as a significant achievement, with Faraz-ur-Rehman, President of the Korangi Association of Trade and Industry (KATI) and Founder President of Pakistan Business Group (PBGO) with Deputy Patron-in-Chief of KATI, Zubair Chhaya, calling it a decisive moment for Karachi’s businessmen.… Continue
TPL Insurance – Window Takaful Operation and HBL Islamic partner to offer seamless Takaful coverage for car finance customers
TPL Insurance – WTO, a premium insurance and Takaful services leader, is excited to announce a strategic collaboration with HBL Islamic Banking. This partnership is set to redefine Takaful coverage for HBL Islamic Car Finance clients, delivering top-tier Auto Takaful solutions to the Pakistani market.… Continue
Futuristic Shipping Policy being prepared: Vice Admiral(R) Iftikhar Rao
Vice Admiral (R) Iftikhar Rao, Special Assistant to the Prime Minister for Maritime, disclosed that the government is shaping a futuristic Shipping Policy keeping in view the new dynamics of the Maritime Sector. The Policy would address all aspects that would lead to a pragmatic outlook and enable all stakeholders to participate with more determination.… Continue
JCL posts ATP of PKR 8 billion in FY23
On Monday, the Board of Directors of Javedan Corporation Limited (JCL) announced the financial results for the year ending June 30, 2023. JCL has recorded a profit of PKR 8 billion, representing the company’s highest-ever profit. The Board of Directors has also approved a final cash dividend of PKR 6 per share, equivalent to 60% of the face value, amounting to a payout of PKR 2.3 billion.… Continue
An undocumented economy can bankrupt the country: 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 said on Monday that Pakistan’s tax system is very unfair and contradicts the ground realities, which are the basis of almost all problems.… Continue
A grand-scale peace event was held in South Korea from September 18 to 20
A grand-scale peace event was held in South Korea from September 18 to 20 with stable operation and participants’ satisfaction. Themed “Implementation of Multidimensional Strategies for Institutional Peace,” the world peace event hosted by Heavenly Culture, World Peace, Restoration of Light (HWPL) with the contribution of 2,000 volunteers was set to welcome over 800 global leaders from 121 countries representing diverse sectors including politics, education, youth, women, media, and religion from around the globe.… Continue