Mathias Bak, Senior Executive of Maritime Anti-Corruption Network Denmark, led a training session for members of the Pakistan Ship Agents Association, organised by MACN and Global Compact Network Pakistan, with assistance from Tanvir Ahmad and Muhammad Akram of GCNP.… Continue
HugoBank is humbled to announce its receipt of the In-Principle Approval (IPA) for its Digital Retail Banking (DRB) license from the State Bank of Pakistan (SBP) under its Licensing and Regulatory Framework for Digital Banks. This significant milestone positions HugoBank as a retail bank offering various exciting financial services primarily through digital channels, transforming the banking experience for millions of Pakistanis.… Continue
Zong 4G, Pakistan’s leading telecommunications company, welcomed Mr. Huo Junli as the new Chairman & CEO, marking a significant leadership transition. Mr. Huo Junli has officially taken the helm, succeeding Mr. Wang Hua, who has admirably served as CMPak’s CEO and Chairman for over five years.… Continue
Mohammad Jehanzeb Khan, Special Assistant to the Prime Minister, poses for a group photo with the delegation from the Musaliha International Center for Arbitration & Mediation (MICADR), consisting of Justice (R) Arif Hussain Khilji, Majyd Aziz, Haya Zahid, and Shahzar Elahi at Special Investment Facilitation Council.… Continue
Glaucoma is a dangerous eye ailment affecting more and more children worldwide and in Pakistan. This disease can cause vision problems and even blindness if not cured promptly, Al-Shifa Trust Eye Hospital said Wednesday. The situation has become alarming, unnerving the eye care professionals, as the many affected children and adults are not getting timely treatment, it said.… Continue
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 new Chief Justice of the Supreme Court, Qazi Faiz Isa, has taken commendable steps as soon as he took charge.… Continue
As per the latest financial result announcement, Pakistan Petroleum Limited (PPL) posted a profit after tax of PKR 97,937mn (EPS: PKR 35.99) during FY23 compared to PKR 53,546mn (EPS: PKR 19.68) in FY22, swelling up by 83% YoY. On a quarterly basis, the bottom-line arrived at PKR 16,103mn (EPS: PKR 5.92), depicting a massive growth of 13x YoY.… Continue
Sports, whether it’s football, tennis, or cricket, hold a special place in the hearts of millions, bringing generations together through their shared passion. The appeal of sports goes beyond just being a game; it’s a force that brings people closer. What better way to fully immerse yourself in the world of sports than by turning your living room into an exciting arena?… Continue
Zong 4G, the network of choice for Pakistan’s vibrant youth, is elevating your gaming experience with its popular PUBG Mobile Bundle! This is an unprecedented deal for all gaming enthusiasts – your ultimate pass to uninterrupted action.
As mobile gaming surges in popularity among the nation’s youth, Zong 4G is all ears to the needs of our data-hungry players and their gaming requirements.… Continue
In a recent meeting, President Faraz-ur-Rehman of the Korangi Association of Trade and Industry (KATI) and Chairman Shah Faisal Town, Gohar Khattak, discussed the pressing issues surrounding unjustified notices and harassment faced by industrialists operating within KATI. The meeting also delved into the new demarcation of the Korangi Industrial Area, aiming to clarify industrial zones.… Continue
Demand for U.S. visas is the highest it has ever been. We are processing more visa applications than ever and working hard to reduce visa appointment wait times.
Today, the U.S. Mission to Pakistan is proud to announce three ways we are working to meet unprecedented demand:
· First, we have expedited thousands of non-immigrant visa appointments.… Continue
Zindigi, a key player in digital financial services, has joined forces with EFU Life Assurance, a leading life insurance provider in Pakistan. This partnership is aimed at offering insurance solutions to safeguard against uncertainty and rising prices, empowering people in Pakistan to protect their physical, mental, and financial well-being through digital insurance products.… Continue
Tabani Group, a renowned business conglomerate in Pakistan, has acquired the world’s first and only Sharia-Compliant OPD Company Siha Health and Wellness Private Limited, as a subsidiary. The company has been accredited unanimously by 17 Islamic scholars from Pakistan, Africa, UAE, India, and Bangladesh as a fully Shariah-compliant entity.… Continue
Dawlance is the leading producer of home appliances in Pakistan, which uses environmentally safe refrigerant gas – R 32, in its products, to reduce emissions and avoid the depletion of the Ozone layer – a fragile shield of gas, protecting the Earth from the harmful rays of the sun.… Continue
Pakistan’s currency has once again made headlines, but this time it’s due to administrative measures that have resulted in the PKR gaining value in both the official interbank market and the open market. Ever since the caretaker government took charge on August 14, 2023, in Pakistan, the PKR came under pressure amid speculation that the non-political caretaker setup might allow the currency to adjust to market forces in line with IMF instructions.… Continue
The recent data published by the Pakistan Bureau of Statistics (PBS) indicates a decline in the output of Large Scale Manufacturing Industries (LSMI) for Jul’23, showing a 3.6% decrease on a MoM basis and a 1.1% decrease YoY.
LSMI Index stood at 108.0 during Jul’23 against 109.2 in Jul’22.… Continue
Pakistan’s Information Technology (IT) exports for August 2023 of US$235mn are up by 10% MoM. Segment-wise, Telecom and Computer Services increased by 12% and 9% MoM, respectively.
August 2023 IT export inflows are better than last 12-month average of US$218mn.
IT exports in August 2023 improved on a MoM basis, mainly due to a higher number of working days compared to July 2023.… Continue
- Both CMA CGM and Maersk have set ambitious Net Zero target and invest extensively in the energy transition in shipping.
- The two leading shipping companies will work together to develop the use of alternative greener fuels for container vessel propulsion.
- Maersk and CMA CGM affirm their readiness to collaboratively engage with regulatory stakeholders to secure the decarbonization of the sector.
The Public Trust in Tax survey, which questioned 7,700 members of the public across the globe, shows that accountants have a major role to play in addressing corruption, which negatively impact on attitudes towards tax in economies.
Results show that 53.8% consider corruption a major factor, however most people believe the role of professional accountants contributes to improving tax systems by making them more efficient (59%), more effective (57%), and fairer (55%).… Continue
In its ongoing commitment to providing convenience and reliability to millions of Pakistanis, easypaisa, the country’s leading digital financial services platform has launched ‘Live easy’, a unique campaign that aims to showcase easypaisa’s diverse use cases that bring ease and convenience into everyday lives of users and simplify financial matters.… Continue
Zong 4G, Pakistan’s leading telecommunications provider, brings forth its latest innovation: the International Roaming (IR) Bundle tailored specifically for travelers heading to the United Kingdom. Designed to offer a seamless and cost-effective solution for staying connected while exploring the United Kingdom’s sights, this offer sets a new standard in travel convenience.… Continue
Pioneering fashion house Nickie Nina is set to introduce a collection and fashion film in tribute to the brand’s creative director, Nickie Nazir (late). The dynamic sister duo of Nickie Nazir and Nina Khan launched their eponymous brand in 1990, and went on to shape and define Pakistani fashion.… Continue
YourNest Pakistan hosted the YourNest Pakistan Launch Event on in Karachi. The event, attended by distinguished guests, marked a significant milestone for YourNest Pakistan as it introduced Australia’s leading property development companies and announced their visionary plans for Pakistan.
The event was hosted by Mr.… Continue
For its continued commitment to environmental sustainability and positive community impact, Indus Motor Company (IMC) took center stage at the 20th Annual Environment Excellence Awards 2023, hosted by the National Forum of Environment & Health (NFEH), bagging the Environment Excellence Award.… Continue
Garaj, Pakistan’s largest local cloud service provider, and Paysys Labs, a trusted name in digital financial services, have joined forces to collaborate on initiatives related to the digitization of payments and financial services.
Under this partnership, Garaj will be equipping Paysys Labs with an enterprise-grade platform and state-of-the-art infrastructure for the latter’s utilization, offering them access to Pakistan’s largest Tier-3 certified data center to support Paysys Labs’ financial services initiatives.… Continue