A distinguished line of speakers will be gathering on March 13, 2023 for a conference on National Policy Dialogue on the Power Sector under the theme of “Localisation for Growth.” The event is being convened by Nutshell Group in collaboration with K-Electric and will address today’s pertinent challenges in promoting indigenous growth.… Continue
Author Archive: Siddiqi
A positive session was recorded at the PSX.
· A positive session was recorded at the PSX to end the business week today. The market opened in the green as bulls took over the index and proceeded to make an intraday high of 316.48 points on the back of expectations to reach a much awaited staff-level agreement with the IMF soon.… Continue
Bangladeshi Envoy asks KCCI to send business delegation to 35th largest economy of the world
Deputy High Commissioner of Bangladesh S. M. Mahbubul Alam, while stressing the need to enhance trade and investment cooperation, asked the Karachi Chamber to send a business delegation to Bangladesh to explore trade and investment opportunities in the 35th largest economy of the world which offers all the required facilities and infrastructure along with special incentives to foreign investors.… Continue
Carrefour partners with Pink Ribbon to raise Breast Cancer awareness.
Carrefour joins hands with Pink Ribbon to collect donations for the completion of Pakistan’s first dedicated breast cancer hospital
- Donation boxes to be placed at all Carrefour stores across Pakistan
- Carrefour colleagues to get free-of-cost breast ultrasounds and consultations throughout the year
- Carrefour and Pink Ribbon will run awareness on-ground and digital campaigns for both the employees and customers of Carrefour
Carrefour, owned and operated by Majid Al Futtaim in Pakistan, has signed a Memorandum of Understanding (MoU) with Pink Ribbon Pakistan, a non-government organisation dedicated to breast cancer awareness.… Continue
easypaisa celebrates International Women’s Day
easypaisa, Pakistan’s leading digital payments platform, celebrated International Women’s Day by to renew its pledge towards financial empowerment of women. As a pioneer of digital payments in Pakistan, easypaisa has been at the forefront to increase financial literacy and promote financial inclusion amongst women so they can have better control over their money and are economically independent.… Continue
Bank Alfalah’s Marketplace AlfaMall and Muller and Phipps (M&P) partners to ensure a faster delivery
Bank Alfalah’s e-commerce platform, AlfaMall, has partnered with Muller and Phipps (M&P) to enhance customer product delivery services. Through the partnership, AlfaMall will develop a one-stop shop for customers to find thousands of products at competitive prices at the ‘Buy Now Pay Later’ (BNPL) feature.… Continue
DP World signs MoU with Pakistan’s National Logistics Cell (NLC)
DP World, a leading global provider of logistics solutions and Pakistan’s National Logistics Cell (NLC), signed a Memorandum of Understanding (MoU) to explore areas of cooperation within the country’s trade and logistics sector. The MoU was signed in Rawalpindi today by Sultan Ahmed Bin Sulayem, Group Chairman and CEO of DP World, and Major General Farrukh Shahzad Rao, Director General of NLC.… Continue
Sastaticket.pk celebrates International Women’s Day
Sastaticket.pk, a leading e-ticketing platform in Pakistan, is proud to celebrate International Women’s Day by recognizing the incredible achievements of its hard working female call center staff. These women play a vital role in making ticket booking easy and hassle-free for customers, and their dedication and commitment have helped propel Sastaticket.pk… Continue
Martin Dow Group wins 2 GDEIB Awards.
Martin Dow Group, a Leading Multinational Healthcare Group in Pakistan, received Global Diversity, Equity & Inclusion (DEI) Benchmark Awards 2023 in 2 categories. The company received ‘Best Practice’ award in WORK-LIFE INTEGRATION, FLEXIBILITY, & BENEFITS for demonstrating exemplary global practices in DEI.… Continue
EFU General receives different awards
EFU General was recognised by the Insurance Association of Pakistan with an award for the Company’s relentless effort and devotion in executing the IAP House Project. The award was received by Mr Hasanali Abdullah, Managing Director & Chief Executive of EFU General, from Chairman IAP Mr Azfar.… Continue
China loans expand SBP’s reserves by US$ 487 million.
The total liquid foreign reserves held by the country stood at US$ 9,754.0 million as of 03-Mar-2023. The break-up of the foreign reserves position is as under:
- Foreign reserves held by the State Bank of Pakistan: US$ 4,301.0 million
- Net foreign reserves held by commercial banks : US$ 5,453.0 million
- Total liquid foreign reserves : US$ 9,754.0 million
During the week ended on 03-Mar-2023, SBP’s reserves increased by US$ 487 million to US$ 4,301.0 million due to the receipt of US$ 500 million as a GoP commercial loan from China.… Continue
Meezan Bank arranges Beach Clean-up at Sea View, Karachi
Meezan Bank, Pakistan’s leading Islamic bank recently held a beach clean-up activity at Sea View, Karachi, led by the Bank’s management and employees who volunteered along with their families. The activity took place near Nishan-e-Pakistan, Clifton, early in the morning, where employees actively participated in clearing the beach from plastic litter, trash, as well as glass along the shoreline.… Continue
Another affirmative day was witnessed at the PSX today.
· Another affirmative day was witnessed at the PSX today. The benchmark KSE-100 traded in the positive zone throughout the trading session as the investors remained optimistic on the Staff Level Agreement between the government and IMF for the 9th tranche of the Extended Fund Facility.… Continue
Huawei wins big at GSMA GLOMO Awards.
Huawei MetaAAU Wins ‘Best Mobile Network Infrastructure’ Award
- Huawei RuralLink Wins ‘Best Mobile Innovation for Emerging Markets’ Award
- Huawei FDD Beamforming Series Wins ‘Best Mobile Technology Breakthrough’ Award
- Huawei Wins ‘5G Industry Challenge Award’ for a 5G Fully-Connected Factory in Jingzhou alongside Midea and China Mobile
During the Mobile World Congress (MWC) that was recently held in Barcelona 2023, Huawei bagged a number of significant awards in various categories at GSMA’s Global Mobile (GLOMO) Awards.… Continue
Zonergy Corporation made a strong debut at Middle East Energy Dubai 2023
Zonergy Corporation made an impressive debut in the three-day MIDDLE EAST ENERGY DUBAI 2023 was grandly opened at Dubai World Trade Center. Led by Jun Guo, Executive director and President of the company, Zonergy Corporation showcases its Smart Energy solutions for the Middle Eastern market.… Continue
Etihad Town onboards new strategic sales partners for Etihad Town project
Etihad Town recently organized an exciting event at Faletti’s Hotel to celebrate the onboarding of its new Strategic Sales Partners (SSP) who will have exclusive sales rights of the inventory in the company’s latest property project, Etihad Town – Phase II.… Continue
Jazz commits to bridging the digital gender divide by enhancing the female mobile broadband user base
Jazz, Pakistan’s leading digital operator and a part of VEON Group, has signed a Letter of Intent (LOI) with GSMA, a global organization that unifies and represents the mobile ecosystem, to extend its commitment to the GSMA Connected Women Initiative to increase its female mobile broadband users and maximize the business capacity of female micro-entrepreneurs.… Continue
DE-CIX and PTCL partner to establish Internet Exchange
DE-CIX, the world’s leading Internet Exchange (IX) operator, and Pakistan Telecommunication Company Limited (PTCL), the largest integrated Information Communication Technology (ICT) company of Pakistan, today signed a strategic partnership to establish an Internet Exchange (IX) in Pakistan. The IX will be housed as a redundant setup in the data centers of PTCL.… Continue
DP World’s Pusan terminal is the world’s first to implement BOXBAY high-bay storage system.
DP World has announced the first commercial use of its revolutionary BOXBAY high-bay storage system at their terminal in Pusan, South Korea. A contract was signed on 8th March between Pusan Newport Corporation (PNC) and Boxbay FZCO — a joint venture of DP World and German plant technology supplier, SMS group – initiating the design and engineering works for the site.… Continue
Further hikes in interest rates are being planned
The Pakistan Economy Watch (PEW) on Wednesday said the government is considering a further hike in the interest rates which will close many businesses and leave millions unemployed.There are reports of an interest rate hike of two to three percent which if carried out will be a doomsday scenario for the businesses, it said.… Continue
Experts stress the need for climate-smart agriculture to ensure food security in Pakistan
A high-powered policy dialogue titled “Climate-Smart Agriculture and Food Security: Challenges & Way Forward for Pakistan” was organized by Syngenta Pakistan and Pakistan Institute of Parliamentary Services (PIPS) on 8th March, 2023 in Islamabad. With the objectives of highlighting the key challenges facing the food security of the country and identifying viable solutions to mitigate these challenges in the context of climate change, the session brought together key stakeholders from public, private, development and academic sectors including members of the parliament, and representatives from UN FAO, ADB, PMAS Arid Agriculture University Rawalpindi and Quaid-e-Azam University Islamabad who stressed the need for a collective action plan to deal with the rising food insecurity and to promote climate smart and regenerative agriculture in the country to counter the impacts of climate change.… Continue
Circular debt and state-run companies hinder growth: 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 Wednesday said it is impossible to achieve a satisfactory growth rate in the presence of circular debt and failed state-run companies.… Continue
Dawlance CEO meets Senate-Committee – urging them to ease imports of essential goods
Dawlance is Pakistan’s leading producer of innovative home appliances and a wholly-owned subsidiary of Arcelik – the 2nd largest manufacturer in Europe. The Chief Executive Officer of Dawlance – Mr. Umar Ahsan Khan recently held a meeting with a Senate Finance Committee, to highlight the adverse economic impact of the current interruption in Pakistan’s import trade.… Continue
Alibaba.com to participate in South Asia’s Textile Trade Show in Karachi
Alibaba.com, a leading platform for global business-to-business (B2B) trade, will take part as the Gold Sponsor in the 24th Textile Asia International Trade Fair, the largest textile trade fair in South Asia, which is set to be held in Karachi from 10 to 12 March 2023.… Continue
Free Fire & Jazz Game now collaborate to launch a new esports league in Pakistan
Free Fire and Jazz Game Now join hands to launch a new esports tournament, Game Now Free Fire Sea Invitational Qualifiers (FFSIQ). It will feature a prize pool valued at PKR 2 million sponsored by Game Now.
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