SECMC to hire local HTV drivers

Sindh Engro Coal Mining Company (SECMC) in support of its partners has initiated another landmark drive for the employment of experienced local HTV drivers for its mining project in Thar Coal Block II, in Sindh Province of Pakistan. This is part of their skill development campaign called, ‘Hunarmand Thar, Khushhaal Pakistan, says a statement issued by company.Continue


“Social Media is a double-edge sword, having both positive and negative effects; however, one cannot learn its effects and benefits through straight jacket. Other societies have already defined it benefits but Pakistani society not.” This was stated by Prof. Dr. Khalida Ghaus, Managing Director, Social Policy & Development Centre, Karachi, while she was addressing the meeting of Shura Hamdard Karachi Chapter, presided over by Justice (Rtd) Haziqel Khairi at a local hall on Thursday July 14, 2016.Continue

Further delay in refunds release is not acceptable: KATI

President of Korangi Association of Trade & Industry Zahid Saeed, Senior Vice President Saleem-uz-Zaman and Vice President Syed Wajid Hussain said in a statement that any further delay in release of tax refunds will not be acceptable. The statement was a response of news regarding blockage of 100bn by FBR for refunds.Continue

KPT rescued chemical tanker

A panama flag vessel “CHEMTRANS 1” was rescued by Karachi Port Trust (KPT) on Saturday 16th July and towed the ill fated vessel from 11 nautical miles from KPT approach channel under extreme monsoon weather and averted  an eminent major disaster i.eContinue

KATI expressed deep sense of sorrow over the demise of Edhi

Petron in chief of Korangi Association of Trade & Industry (KATI) SM Muneer, President Zahid Saeed, Senior vice president Saleem Uzzaman, Vice President Syed Wajid Hussain and members of KATI’s Executive Committee expressed deep sense of sorrow over the demise of renowned social worker, Abdul Sattar Edhi, in a statement.Continue

National Bank of Pakistan to Ensure Pensioners’ Facilitation

National Bank of Pakistan (NBP), says that its all branches remained open till 6 Pm on the 4th of July, 2016 to ensure all funds pertaining to pensioners are distributed effectively before start of Eid holidays. A press statement has clarified that news regarding shortage of cash at main branches and ATMs were false as customers of the bank were able to transact a total of PKR 79.6 crores from NBP’s widespread ATM network in the past 24 hours. Continue

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


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


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 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