Pakistan: Highest ever cement despatches during 12MFY16

Cement despatches to domestic markets during the month of June 16 increased by 9.2 percent to 2.96 Million Tons compared to 2.71 Million Tons during same month last year. The comparatively lower growth in June, 16 was mainly due to the holy month of Ramadan as construction activities slowdown in Ramadan. Continue

Easypaisa School Fee Payment Solution

Pakistan’s first and largest mobile financial service, Easypaisa, has successfully launched the Easypay school fee payment solution to benefit educational institutes, students and parents through digitizing payments. With Easypay, Easypaisa enables parents and students to pay online with the convenience of choosing the payment option that best suits their need.… Continue

NIT launches NIT-Islamic Income Fund

NIT has launched NIT-Islamic Income Fund (NIT-IIF) w.e.f 04thJuly, 2016 during the holy month of Ramadan. The Fund has been introduced to meet the growing demand for Shariah Compliant Investment products. This is the Third Shariah Compliant Fund which has been added to the family of funds offered by the company.… Continue

IBP JOIN HANDS WITH BUSINESS CONTINUITY INSTITUTE – UK

The Institute of Bankers Pakistan (IBP) with a legacy of serving the industry for more than six decades in terms of building human capacity has now joined hands with Business Continuity Institute (BCI) – UK, the world’s leading institute for Business Continuity Management and Organizational Resilience.… Continue

Mobilink Outsources its Contact Centers to Ibex Global and Mindbridge

In a strategic decision, Mobilink has outsourced its contact centers in Islamabad and Karachi to Ibex Global, a wholly owned subsidiary of ‘The Resource Group’ (TRG) International and Mindbridge. The deal will see Ibex Global retain Mobilink’s current contact center staff on similar financial remunerations, and Mobilink has ensured that there will be no loss of jobs. … Continue

Bank Alfalah & Millat Tractors sing MoU

Mr. Atif Bajwa, CEO Bank Alfalah (left) and Sikander Mustafa Khan, Chairman, Millat Tractors Limited (right) at the MOU signing ceremony, which were signed between their respective companies. Bank Alfalah has partnered with Millat Tractors to provide innovative vendor financing solutions.… Continue

Govt. allocates Rs 36 billion subsidy for fertilizer

Pakistan government in federal budget 2016-17 has allocated Rs36 billion subsidies on urea and announced a massive cut in sales tax in order to boost up fertilizer sales in country. These measures have generated hope of a 20 percent cut in domestic fertilizer prices during the upcoming crop season, analysts said on Tuesday.… Continue

PSX briefs Media about re-entry in MSI Emerging Market Index

Pakistan Stock Exchange (PSX) has organized a media briefing to discuss re-entry of Pakistan Capital Market into MSCI Emerging Market Index, at Karachi Press Club yesterday. Mr. Muneer Kamal, Chairman, Pakistan Stock Exchange (PSX) Mr. Nadeem Naqvi, Managing Director, PSX and Deputy MD Haroon Askari have presented a background and their efforts to get reinstate in the index.… Continue

KATI seeks timely pre-monsoon arrangement in industrial areas

President of Korangi Association of Trade & Industry (KATI) Zahid Saeed urged for pre-monsoon arrangements in Karachi. He referred to recent forecast of heavy rains by weather department. He said that water drainage system of the metropolis has been collapsed and need cleaning and reconstruction on different spots and location.… Continue

NIT ANNOUNCES INTERIM RESULTS FOR FY16

National Investment Trust Limited (NITL), the largest Asset Management Company of Pakistan has declared interim distribution for all Funds under its management for the year ending June 30, 2016. The announcements were made through a press release issued by NITL on June 15, 2016 after its Board of Directors approved the interim distribution for all Funds under its management.… Continue

K-ELECTRIC EXPANDS ITS SOCIAL INVESTMENT PROGRAMME

 

K-Electric and SINA Health Education and Welfare Trust signed an MoU whereby KE will be providing 100% free electricity to the non-profit organization. SINA is the 15th partner in the K-Electric Social Investments Program (SIP), an initiative which empowers institutions working to bring social change to Pakistan by providing them free electricity.… Continue

Telenor and Inbox Technologies join hands

Pakistan’s first and largest branchless banking service Easypaisa has partnered with Inbox Technologies for the upcoming Metro Bus mass transit project to operate in Lahore and Multan. While Inbox Technologies handles the automated fare collection and bus scheduling system, Easypaisa will be the distribution and cash management partner offering 33 Easypaisa shops for facilitating ticket bookings, smart cards sales, and recharge options at convenient locations.… Continue

IBA Signs MoU with The Citizens Foundation

The Institute of Business Administration (IBA), represented by its Acting Dean & Director Dr. Sayeed Ghani, signed a MoU with The Citizens Foundation, represented by its President and CEO Mr. Syed Asaad Ayub Ahmad, at the IBA Main Campus to prepare TCF students for University testing and offer operational and consultative support.… Continue

Huawei Pakistan promotes Fraz Malik Khan as DGM, Device Business.

Huawei Pakistan has promoted – Mr. Fraz Malik Khan as Deputy General Manager of its Device Department. The leading technology company – Huawei has acknowledged the competent performance and managerial expertise of Mr. Fraz Khan, to entrust him with these important responsibilities, to drive the strategic development and planning functions for the world-renowned brand in Pakistan.… Continue

Telenor Youth Forum Asia concludes with five solutions for issues facing Asia’s youth

Young Pakistanis Presents Winning Solution to Address Youth Unemployment in Asia at Telenor Youth Forum


A two-day forum organized by Telenor Group to explore, discuss and develop solutions to some of the most daunting challenges facing Asia’s youth recently concluded in Bangkok, Thailand, with a Pakistani delegate presenting the winning solution to address youth employment.… Continue

Telenor Pakistan collaborates with Picture Autism

Putting its next-generation IoT product ‘Telenor Companion’ watch to test for the social good, Telenor Pakistan collaborates with Picture Autism, a nonprofit working to create awareness about Autism in Pakistan. The pilot phase comprises distribution of Companion watches among autistic children and to test its efficacy in addressing the needs of autistic children and their families.… Continue