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

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

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

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

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

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