TPL Corp CEO Mr Ali Jameel met with Finland’s Ambassador to Pakistan to strengthen business relations between the two countries. The meeting, which took place at Avari Towers Karachi, is a significant step towards driving industries in Pakistan. With a dedicated contact person of Finland Pakistan Business Council (FPBC) at the Karachi headquarters, TPL Corp, a leading conglomerate in Pakistan with diverse interests in technology, insurance, fund management and real estate, is committed and well-positioned to support Finnish companies looking to establish their presence here.… Continue
Author Archive: Siddiqi
Karandaaz launches report on the state of business taxation in Pakistan – Challenges for SMEs
Karandaaz Pakistan arranged a webinar on 15th March, 2023 to launch its latest study on The State of Business Taxation in Pakistan – Challenges for SMEs. The report provides detailed analysis on the hurdles Pakistani SMEs face when attempting to become tax-compliant, the rules that govern taxation in the country and recommends ways responsible authorities can streamline taxation policy while establishing efficient processes for collection to establish a more optimal tax regime.… Continue
A positive session was recorded at the PSX today
· A positive session was recorded at the PSX today. The market opened in the red losing 209.39 points following the ongoing political turbulence in the state. However, bulls quickly droved the index and proceeded to make an intraday high of 193.69 points as investors opted to cherry pick strong fundamental stocks given the attractive valuations being offered in the market.… Continue
GO brings smiles to the faces of children from sweet home, Burewala
Gas & Oil Pakistan Ltd. (GO) sponsored a three-day educational and recreational trip for 20 children of Sweet Home, Burewala. Sweet Home is a project of Kauser Majeed Foundation, run under the leadership of Mr. Shehzad Mubeen, Director, GO. The trip was organized under the guidance of Col.… Continue
Shell Pakistan announces financial results for 2022
The Board of Directors of Shell Pakistan Limited (SPL) announced the company’s financial results for the year ended December 31st, 2022. The company posted a loss after tax of PKR 72 million for 2022 compared to the profit of PKR 4,467 million in 2021.… Continue
Ali Akhai selected as a Young Global Leader from Pakistan
The World Economic Forum has announced the induction of the newest members of its Young Global Leaders class of 2023. This year’s cohort of members are from various sectors including political leaders, innovative entrepreneurs and passionate activists. The chairman of Martin Dow Group Mr.… Continue
Russia, Pakistan cooperation to develop rapidly despite sanctions: CG
Consul General of the Russian Federation Andrey V. Fedorov has said that despite sanctions on Russia by the western countries, the cooperation between Russia and Pakistan will develop rapidly as there were a lot of unexplored business opportunities in Russia Pakistan bilateral economic cooperation which should definitely be developed.… Continue
Lucky Cement in collaboration with The Citizen Foundation, completed more schools and vocational centres in Pezu, KPK
In collaboration with The Citizen Foundation, Lucky Cement Limited has completed the state-of-the-art school near our Pezu plant premises. The “Abdul Razzak Tabba Block Lucky Cement Limited Pezu Campus-I” will be for primary classes, while the “Muhammad Yunus Tabba Block Pezu Campus-II” will be for secondary classes.… Continue
Agri Connection 2023 to be held on March 16th
Agri Connection 2023, a national level agriculture conference, is set to take place at a local hotel in Karachi on March 16th, 2023. The conference will be attended by government officials, farmers, and experts from the financial sector, food processing, agri tech, and public sector to discuss the development of agriculture in Pakistan.… Continue
TPL Life onboards 15,000 potential life insurance agents on “Muavin”
TPL Life Insurance Limited, Pakistan’s 1st InsurTech enterprise in the innovative insurance business, has launched the country’s most revolutionary Virtual Life Insurance Agent Learning & Earning Platform – “Muavin.”
A means for every Pakistani to create an alternate or regular income stream by selling TPL Life’s insurance products.… Continue
Joint statement on U.S.-Pakistan Energy Security Dialogue
The United States and Pakistan concluded the Dialogue on March 15, 2023, chaired by Pakistani Federal Minister for Energy Khurram Dastgir Khan and U.S. Department of State Assistant Secretary for Energy Resources Geoffrey Pyatt. Pakistan and the United States affirmed a mutual commitment to advance the transition to renewable energy and promote a more stable, secure, and prosperous energy future for both nations. … Continue
Meezan Bank & Fieldfisher Capital join hands to extend Islamic Finance Advisory to Europe & Middle East
Pakistan: Meezan Bank, Pakistan’s leading Islamic Bank, has recently signed a Memorandum of Understanding (MoU) with Fieldfisher Capital LLP (FFC) – a multi-disciplinary advisory service, under which both parties will collaborate to provide Shariah advisory services to international clients including, but not limited, to Europe and the Middle East.… Continue
Pakistan Kissan Ittehad President warns of fertilizer shortage as two urea plants remain shut down
The President of Pakistan Kissan Ittehad, Khalid Mahmood Khokhar, held a press conference in Lahore whereby he stated that Pakistani farmers are currently 
waiting in long queues to receive the urgently required fertilizer for Rabi crops. While sowing of cotton has already started in Sindh and Punjab, two major fertilizer plants in the Country remain closed since January 1, 2023.… Continue
U.S. Soy celebrates over 25 years of partnership with Pakistan
U.S. Soy recently celebrated over 25 years of partnership with the Pakistani agriculture and poultry industry in March 2023. U.S. Soy formally established a trade relationship with Pakistan in 1996, which developed through multiple exchange visits between the representatives of the two countries.… Continue
Building infrastructure-vital for Pakistan’s Sustainability
InfraZamin collaborated with Nutshell Group to jointly host Pakistan’s first ever Infrastructure Summit at a local hotel in Karachi. Infrastructure development helps reduce unemployment and stimulates economic growth. In his welcome address, Muhammad Azfar Ahsan, Founder & CEO, Nutshell Group, and former Minister of State & Chairman, Board of Investment, said, “For infrastructure, we need political stability for an empowered public sector funding and though there is a huge potential for economic growth through foreign direct investment, we need to focus on the local investors first and mobilize that money on priority.”… Continue
Special envoy medina’s travel to Pakistan
Special Envoy for Biodiversity and Water Resources Monica Medina will travel to Islamabad and Karachi, Pakistan, March 15-17 to participate in the U.S.-Pakistan Climate and Environment Working Group. She will address climate and environmental issues of concern including climate smart agriculture, water management, air quality, conservation, and plastic pollution.… Continue
Standard Chartered Bank and British Deputy High Commission celebrate Women’s Day
Standard Chartered Bank Pakistan Limited (SCBPL) in partnership with the British Deputy High Commission (BDHC), Karachi organised an event to celebrate International Women’s Day with clients, partners and employees.
A panel discussion was held to focus on “DIGITALL: Innovation and technology for gender equality” led by Khadija Hashimi – Head, CABM AME and Country Head Pakistan SC, Ziana Sakhia – CEO Bechlo.Pk,… Continue
Nestlé Pakistan to plant 100,000 trees this year
Nestlé Pakistan will be planting 100,000 trees this year around its operational areas to support its endeavors to reduce carbon footprint in its ambition to achieve net zero by 2050. To kickoff, Nestlé donated 5,000 trees to Parks & Horticulture Authority (PHA) for a plantation drive at Jilani Park, Lahore under its employee volunteer program – Nestlé Cares.… Continue
Careem removes ‘peak charge’ on bikes and rickshaws amid high inflation
Careem, the leading ride-hailing service in Pakistan, announces to remove ‘peak charge’ on its bikes and rickshaws categories across Karachi, Islamabad and Lahore. The initiative is taken in light of the recent economic situation in Pakistan where inflation and global fuel prices are at an all-time high. … Continue
The PSX witnessed a mixed session today
· The PSX witnessed a mixed session today. The benchmark KSE-100 opened in the green but traded both ways as the index remained choppy throughout the trading period as investors opted to remain cautious on account of the further delay in signing the Staff Level Agreement between the government and IMF along with the prevailing political uncertainty crushing investors’ confidence.… Continue
APLF Dubai 2023 opens on March 13
Support for APLF has been forthcoming from the China Leather Industry Association (CLIA) and other regional leather and footwear associations in China as the country gears up for its return to the international business platform offered by APLF. The Chinese regional associations that supporting the APLF Dubai are:
The Association of Guangdong Shoes Manufacturers, Guangdong Shoes Materials Association, Guangzhou Footwear Association, Guangzhou Huadu District Shiling Town People′s Government, Guangdong International Trade Company Limited, Fujian Province Jinjiang City Foreign Trade Co Ltd, Shangdong Province Linyi Small and Medium Enterprise Bureau, and the Hebei Province Baoding Baigou New Town Administration Committee.… Continue
Emirates ramps up operations across continents
Emirates has boosted operations by 31% (total ASKMs) since the start of its financial year and has further plans to ramp up seat capacity in its latest published northern summer schedule starting 26 March 2023.
In the past months, the airline has planned and executed the rapid growth of its network operations – reintroducing services to 5 cities; adding 251 weekly flights onto existing routes; and continuing the roll-out of service enhancements in the air and on the ground.… Continue
United States partners with Pakistan to help farmers improve fertilizer use
United States Ambassador to Pakistan Donald Blome today joined Dr. Ghulam Muhammad Ali of the Pakistan Agriculture Research Council (PARC) at the National Agriculture Research Center (NARC) to announce the $4.5 million “Fertilizer Right” project. To be implemented over the next four years, the project will emphasize practices to help Pakistani farmers enhance fertilizer use efficiency.… Continue
Spotify hosts fans at the first ever gig in Pakistan under “Pakka Hit Hai” flagship
Spotify celebrated the launch of the fresh identity of Pakka Hit Hai, the flagship and one of the most loved playlists of the audio streaming service in Pakistan, by inaugurating Spotify’s first series of musical performances under, ‘Pakka Hit Hai Gigs’ in Pakistan, with the first show featuring Abdul Hannan and Taha G, two of the youngest vocal sensations among many artists who have been featured on the signature playlist.… Continue
Ashfaq Tola for unity, political stability to pull economy out of crises
State Minister and Chairman of Reforms & Resource Mobilization Commission (RRMC) Ashfaq Tola has said that Pakistan had been into serious economic crises in 1998, 2008 and 2013 but came out successfully due to strong unity exhibited by everyone along with political stability which was the only way forward to pull the country out of current economic crises.… Continue