Bank holiday in Pakistan on March 24
The State Bank of Pakistan will remain closed for public dealing on Friday, March 24, 2023, which shall be observed as a 'Bank Holiday' for deduction of Zakat since 1st…
ABHI joins hands with Master Group to Provide AbhiSalary (Earned Wage Access) to their employees
ABHI, an embedded fintech company, has signed an agreement with Master Group of Industries, operating in bedding, textile, automotive, chemical, furniture, and renewable energy industries. AbhiSalary will enable Master Group's…
Lucky Cement receives NFEH’s 15th Corporate Social Responsibilities Awards 2023
Lucky Cement Limited announced that it had won the NFEH's 15th Corporate Social Responsibilities Awards 2023 in the "Green Energy Initiatives" category. This award recognises the company's unwavering commitment to…
The current account recorded a deficit of USD74mn
As per the latest data compiled by SBP in Feb'23, the current account recorded a deficit of USD74mn as compared to USD230mn in Jan'23, signifying an improvement of 68%MoM (USD156mn),…
Pakistani exporters should tap the potential to export to the emerging European economy of Lithuania:FPCCI
Pakistani exporters should tap the potential to export to the emerging European economy of Lithuania Mr. Suleman Chawla, Acting President FPCCI, has proposed that Pakistani exporters should tap the potential…
Textile exports impact due to a drastic drop in cotton.
Former Vice President of FPCCI Atif Ikram Sheikh on Monday said reduced cotton production is a great threat to the export sector, which is already crumbling under tough IMF conditionalities.…
CEJ-IBA’s ‘Click! The Digital News Ideathon’ draws audiences looking to bypass mainstream or legacy news media Revenue opportunities
Nearly 150 beginner, intermediate, established, and aspiring content creators gathered at the Centre for Excellence in Journalism's (CEJ-IBA) 'Click! The Digital News Ideathon' to learn how to monetise their content…
Neha Mankani named as U.S. Mission Pakistan’s 2023 “Woman of Courage”
U.S. Mission Pakistan Deputy Chief of Mission Andrew Schofer named Pakistani midwife Neha Mankani as U.S. Mission Pakistan's 2023 "Woman of Courage" at an event commemorating Women's History Month on…
Bank Alfalah commits PKR 49 million to building schools in the Flood-Impacted Areas
Bank Alfalah, the biggest corporate donor for the flood-affected communities, has partnered with The Citizens Foundation (TCF) to fund the construction of a primary school in Asif Nagar in Nawabshah,…
Emirates embraces the spirit of the Holy Month with a thoughtful passenger journey
With the Holy Month of Ramadan expected to begin this week, Emirates is preparing thousands of Iftar meal boxes for fasting passengers both onboard and at boarding gates, an array…
Pakistan and Russia discussed trade relations: KATI
Consul for Political and Economic Affairs in the Russian Consulate Dmitry Petrov says there are immense trade opportunities between Pakistan and Russia. Banking channels and other issues are being resolved…
HABIBMETRO celebrated women’s day to “Embrace Women, Embrace Equity”
HABIBMETRO BANK, held a grand event in celebration of International Women's Day on March 13, 2023, at Area 51, Karachi. The event, which was themed "Embrace Women, Embrace Equity," aimed…
Ericsson and MediaTek expand 5G deployment options for CSPs with flexible Carrier Aggregation solution
Ericsson and MediaTek have successfully merged four channels – one FDD (frequency division duplex) and three TDD (time division duplex)– to deliver a downlink speed of 4.36 Gbps, the highest…
Indus Motor has won multiple CSR Accolades.
The Professionals Network (TPN) honoured Indus Motor Company (IMC) with awards in multiple categories, for its exceptional contribution to the Global Goals, at the 12th International CSR Summit and Awards…
A negative session was witnessed at PSX today.
· A negative session was witnessed at PSX today. The KSE-100 began positively, but bears quickly took over as the index lost steam and ended the session in the red,…
WAPDA crowned 10th National Archery Champion 2023
WAPDA reigned supreme in archery as it was crowned National Archery Champion 2023. WAPDA won 10th DHA National Archery Championship with three gold, two bronze and one silver medals, while…
Al-Shifa Trust announces “Vision 2028” expansion plan.
The Al-Shifa Trust President, Maj. Gen. (Retd) Rehmat Khan has said that due to the increase in diabetes, and unawareness, the number of eye patients is increasing significantly in Pakistan.…
First ever ‘Bankers Cup Cricket Tournament’ to begin at Naya Nazimabad in Ramadan
For the first time in the cricket history of Pakistan, major commercial banks will be participating in a cricket tournament that will be held this Ramadan at Naya Nazimabad. The…
United States sponsors an innovation expo in Islamabad.
The U.S. Embassy in Islamabad on March 19 concluded the "U.S.-Pakistan Innovation Expo" to showcase the success stories of U.S. government-sponsored Pakistani startups and to encourage further investment in them. …
The restrictions on imports have adversely impacted auto assemblers in Pakistan.
· The restrictions on imports have adversely impacted auto assemblers, leading to delays in opening of LCs along with the clearance of CKD kits from ports, due to which auto…
Tariq Glass Industries offers a potential upside of 36%.
Initiating coverage with a 'Buy': We initiate coverage on Tariq Glass Ltd (TGL), with a Buy rating and Dec'23 target price of PKR 97.0/sh, offering a potential upside of 36%.…
Jinnah Cultural Complex located in the New Karachi inaugurates.
Arts Council of Pakistan Karachi has crossed another milestone, Arts Council of Pakistan Karachi (District Central) Jinnah Cultural Complex was grandly inaugurated by Governor Sindh Kamran Tessori along with President…
Aga Khan University graduates 777 students, celebrates founder’s day and 40th anniversary
The Aga Khan University on Saturday celebrated the graduation of the Class of 2022, its first-ever Founder's Day and the University's 40th anniversary. Simultaneous ceremonies were held in Pakistan, Kenya,…
Pakistan textile exports for Feb-23 declined 11% MoM to US$1.18bn
Pakistan Textile exports for Feb-23 clocked in at US$1.18bn, down 11% MoM. In PKR terms, exports clocked in at Rs315bn up by 2% MoM. Value-added textile exports decreased by 13%…
Carbon Exchange Bank – A dire need of the country, Lasbela Chamber
A Carbon Exchange to deposit the carbon credits, the industries earn, is a dire need for Pakistan, said Mr. Ismail Suttar, President of Lasbela Chamber of Commerce and Industry while…