Philip Morris Pakistan Limited (PMPKL) is delighted to announce the appointment of Mr. Sarfaraz Ahmed Rehman as the new Chairman of the Board. Mr. Rehman is a distinguished professional with a remarkable career that has traversed diverse sectors and renowned projects, reflecting his expertise as a start-up and turnaround specialist.… Continue
Author Archive: Siddiqi
IoBM hosts the International Conference on Business Management and Sustainability (ICBMS) 2023
The Institute of Business Management (IoBM) recently hosted the two-day International Conference on Business Management and Sustainability (ICBMS). This first day of the event is poised to be a pivotal gathering, attracting a diverse range of participants, including prominent government officials, experts from renowned educational institutions as well as senior corporate executives from leading companies in Pakistan.… Continue
Emirates celebrates a decade of operation in Sialkot.
Emirates, the world’s largest international airline and facilitator of vital trade links, is proud to announce a significant milestone in its history in Pakistan. This month, Emirates is celebrating its 10th anniversary of providing customers in Sialkot with passenger and cargo services.… Continue
The realme C Series to make a resounding comeback in Pakistan
In a testament to resilience and innovation, realme, with its unwavering focus on the Pakistani market, is set to make a remarkable comeback of its C Series. As the brand readies to reclaim its position, it’s the iconic C Series that takes center stage.… Continue
ACCA’s Worldwide Topper: Ibad Haseeb lands the top spot in Audit and Assurance
ACCA has announced the results for students who took their exams in September 2023. Thousands of students from across the globe participated in the October session of ACCA exams. Ibad Haseeb from Karachi, Pakistan, has landed the top spot with the highest scores in Audit and Assurance (AA), making him the prize-winner.… Continue
HUBC – A buy call was issued amid a target price of Rs 155/sh
· We revisit our investment case on Hub Power Company Ltd (HUBC), which posted an eventful FY23, marked by the announcement of record dividends of PkR30/sh, yielding an average of 34.5% during the year
· With both the issues pertaining to ‘Energy Revolving Fund’ account (tied to conditions by CPHGC sponsors) and final tariff determination by the power regulator resolved during the outgoing year, being prerequisites for cash payouts, we expect the affiliate company to begin with a modest payout of PkR5.0/sh during FY24.… Continue
Research houses ask the investors for a cautious approach due to overbought state
The northbound journey remained unabated and added another 737.33 points to the score taking, Kse‐100 index to 53,860.36. We remain positive in the near term until a clear price signal emerges to hint initiation of a countertrend move.
Immediate continuation of current bullish run is targeting 53,930 – 54,093 area, with support placed in at 53,255.… Continue
Three-Day Islamabad Literature Festival Concludes with an Aplomb
The Islamabad Literature Festival (ILF), a celebration of literature and the arts, came to a close, marking the end of a successful and inspirational event. The festival, which began on November 3, 2023, brought together authors, readers, and literary enthusiasts for a memorable event of academic exploration and discussion.… Continue
MediaTek’s new all-big core design for flagship Dimensity 9300 Chipset Maximizes Smartphone Performance and Efficiency
MediaTek today announced the Dimensity 9300, its newest flagship mobile chip with a one-of-a-kind All Big Core design. The unique configuration combines extreme performance with MediaTek’s industry-leading power efficiency to deliver unmatched user experiences in gaming, video capture, and on-device generative AI processing.… Continue
Fostering stronger ties between Pakistan and Spain through knowledge exchange
LUMS and IE University Spain formalised a Memorandum of Understanding, marking the initiation of a collaboration in the field of education. The high-level delegation was headed by H.E. Jose Antonio De Ory, the Ambassador of Spain to Pakistan, accompanied by Dr.… Continue
JazzCash pioneers responsible nano-lending with free life insurance
JazzCash, in partnership with EFU Life Assurance Ltd., has marked a significant milestone by introducing free life and health insurance for nano-loan customers. This initiative redefines responsible lending practices and ensures that individuals and families have access to essential protection, safeguarding their financial future.… Continue
President for promoting telemedicine and telehealth services in Pakistan
President Dr Arif Alvi has called for promoting telemedicine and tele-healthcare platforms to improve the outreach of healthcare services to low-income areas of the country. He said that digital platforms could enhance the reach of health services to far-flung areas, besides providing timely advice to people and helping promote preventive healthcare solutions in Pakistan.… Continue
Visa and reward transforming bank loyalty with personalised card-linked offers.
Visa, a world leader in digital payments, and Reward, a global pioneer in bank loyalty, are joining forces to introduce Visa’s Card Linked Offers solution in Pakistan. Through the partnership, Visa will give banks access to exclusive offers from leading global merchants, while Reward co-creates hyper-personalized offers, digitally delivering them to Visa cardholders.… Continue
KATI voices concern over soaring gas prices detrimental to the industry
Faraz-ur-Rehman, President of the Korangi Association of Trade and Industry (KATI) and the founder president of Pakistan Business Group, has expressed deep concern regarding the recent surge in gas prices, emphasising its potentially detrimental impact on the industrial sector. Referred to as a “historic increase,” the rise in gas prices, according to Faraz-ur-Rehman, poses a significant challenge to the industry’s sustainability.… Continue
Innovative wins gold for ‘iEngage’ at ICT awards.
Innovative Pvt Limited (IPL) has been recognized as a trailblazer in the FinTech industry by securing the Gold Award for their groundbreaking innovation, iEngage, at the prestigious Pakistan IT Industry Association, P@SHA ICT Awards 2023 held recently.
iEngage, the brainchild of IPL, represents a drastic shift in the landscape of ATMs and Self-Service Channels, reimagining them as true replacements for conventional brick-and-mortar branches.… Continue
Unity Foods to achieve net zero emissions by 2050
Unity Foods Limited (UFL) and its affiliated companies have embarked on a transformative journey towards a more sustainable and environmentally responsible future. In a landmark initiative, UFL has teamed up with the Pakistan Environment Trust (PET) to commit to achieving Net Zero emissions by the year 2050, solidifying their dedication to combat climate change and reduce their carbon footprint.… Continue
Gohar Ijaz’s hard work is paying off: 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 said on Monday that the efforts of the caretaker Commerce Minister Gohar Ejaz are paying off and positive results are coming.… Continue
Unbeatable Deals Await on TCL and Iffalcon this Daraz 11.11 Sale
Get ready to revolutionise your shopping experience with TCL and iFFALCON at the Daraz 11.11 Grand Sale from November 11th to November 21st. We are excited to announce the collaboration between TCL Pakistan, the leading LED TV brand in the country and Daraz Pakistan’s premier e-commerce platform.… Continue
Employers demand immediate solutions to economic issues.
Employers’ Federation of Pakistan Industrialists representing Industrial Town Associations and Trade Associations deliberated and discussed the prevailing economic scenario and expressed their deep concern on its negative impact on employers and workers at the Consultative Session organized by Employers’ Federation of Pakistan with the support of ILO on the economic crisis and its Impact on industry.… Continue
“PSX Market Soars to All-Time Highs”, Igniting Frenzy!
On November 3, 2023, the KSE100 index closed at 53,123 and surpassed its previous all-time high of 52,876 points, which was last observed in May’17. This was made possible due to a variety of factors, including:
- IMF Stand-by Arrangement amounting USD 3.0bn signed back in Jun’23.
Pakistan Business Group Inaugurated Punjab Chapter for Economic Development: KATI
Caretaker Provincial Minister for Industries and Commerce Punjab, Korangi Association of Trade and Industry (KATI) and United Business Group (UBG) Patron-in-chief SM Tanveer has said that the role of Faraz-ur-Rehman, Founder President of Business Group (PBGO) and President of KATI in the economic development and promotion of industrialization in Pakistan is commendable.… Continue
Pakistan: Cement dispatches declined by 5.78% during Oct-23.
Cement dispatches declined by 5.78% in Oct-23. Total Cement dispatches during Oct-23 were 4.007 million tons against 4.253 million tons dispatched during the same month of last fiscal year. According to the data released by the All Pakistan Cement Manufacturers Association, local cement dispatches by the industry during October 2023 were 3.292 million tons compared to 3.890 million tons in October 2022, showing a decline of 15.38%.… Continue
Garaj Partners with Mobilink Microfinance Bank to Revolutionize Branch Networking Infrastructure
Garaj, Pakistan’s fastest-growing local cloud service provider, has partnered with Mobilink Microfinance Bank Ltd. (MMBL), VEON’s financial services arm, to transform 
the Bank’s branch networking infrastructure through the integration of cutting-edge Software Defined Wide Area Networks (SDWAN). This initiative is set to tap into one of the fastest-growing segments in the global network infrastructure market, projected to reach USD 6 Billion by 2025.… Continue
SSGC gifts computer laboratory for students of SMB Fatima Jinnah Government Girls School
As part of its corporate social responsibilities, Sui Southern Gas Company partnered with SMB Fatima Jinnah Government Girls School by providing financial support to the latter for setting up a computer laboratory for less privileged students. Adopted by Zindagi Trust, a not-for-profit organisation, the school is located in the Garden area of Karachi, which has been providing quality education for the last 16 years to girls belonging to deprived families.… Continue
Telenor Pakistan appoints Magnus Muller as Chief Business Officer.
Telenor Pakistan has announced the appointment of Magnus Muller as the Chief Business Officer to lead its B2B Division. Magnus brings an extensive wealth of experience and a dynamic perspective from his role as vice president of B2B at Telenor Asia and having previously served in similar roles in Myanmar and Thailand.… Continue