KATI urges banking sector to prioritize SMEs Sector
President of Korangi Association of Trade & Industry (KATI) Sheikh Umer Rehan has said that Small and Medium Enterprises (SMEs) should be to priority of Banking sectors, it is need…
Pakistan’s liquid foreign reserves increased
The total liquid foreign reserves held by the country stood at US$15,089.7 million on 25-October-2019.The break-up of the foreign reserves position is as under:- Foreign reserves held by the State…
Peek Freans introduces the Peek Freans emerging artist prize
Peek Freans is dedicated to spreading joy among their consumers and they do so not only through their products, but also through other alignments and initiatives. Their latest award launched…
Increased revenue, exports imperative to save the country, says Mian Zahid Hussain
President Pakistan Businessmen and Intellectuals Forum (PBIF), President All Karachi Industrial Alliance (AKIA), Senior Vice Chairman of the Businessmen Panel of FPCCI and former provincial minister, Mian Zahid Hussain on…
PHILIP MORRIS (PAKISTAN) financial result impacted due to manufacturing optimization
Philip Morris (Pakistan) Limited ("Company") announced an operating loss before tax of PKR 1,728 million for the nine months period ended September 30, 2019. The operating loss before tax was…
KPT issues clarification
Karachi Port Trust has issued a clarification about murder of Major Saquib by a so called employee of Port Authority. Apropos the news appeared in section of press regarding arresting…
World Bank President visits Tarbela Dam
World Bank President David R. Malpass today visited Tarbela Dam Project and had a round of the Main Dam and the Power House of Tarbela 4th Extension Hydropower Project. Water Resources…
Engro Polymer and Chemicals gets ‘7th Employer of the Year’ award
Engro Polymer and Chemicals, the only manufacturer of Polyvinyl Chloride (PVC) in Pakistan, has won the distinguished '7th Employer of the Year' award organized by the Employers Federation of Pakistan.…
State Bank of Pakistan allows Electronic Warehouse Receipt as collateral for bank financing
As a major move towards addressing the challenge of access to finance to farming community, State Bank of Pakistan has amended its Prudential Regulations of Agriculture Financing, SME Financing, and…
Carfirst wins Consumers Choice Award 2019
CarFirst, Pakistan's most trusted used car trading platform, was awarded the prestigious 'Icon Award' for 'Fastest Growing Tech Company In Pakistan' at the 14th Consumers Choice Awards 2019 in Karachi…
Trade and Investment Officers posted abroad visit FPCCI
A delegation of 45 Trade and Investment Officers to be Posted abroad visited FPCCI for an orientation tour and interactive session with the businessmen and to get the knowledge of activities…
The 4th Pak Water & Energy Expo to be held at Expo Centre Karachi
The fourth Pak Water & Energy Expo (PWE), exhibition& conference will be held on 5-7th November, 2019 at expo centre Karachi. Over 60 companies from USA, France, Germany, Turkey, China,…
Nestlé reports revenue of PKR 87 billion
Nestlé Pakistan Limited recorded better sales – a 3.4% sales growth – in the third quarter of 2019 as compared to same period last year despite the broader macro-economic challenges…
Ambassador Khalilzad’s visits to Pakistan
Special Representative for Afghanistan Reconciliation Ambassador Zalmay Khalilzad visited Islamabad on October 28-29. In his meetings with Prime Minister Imran Khan, Chief of Army Staff General Qamar Javed Bajwa, and…
NBP earns ATP of PKR 16.33 billion in 9MCY2019
Meeting of the Board of Directors (BoD) of National Bank of Pakistan at the bank's Head Office in Karachi in which the BoD approved financial statements of the bank for…
Lucky Cement records consolidated earnings of PKR 1.27 billion 1QFY20
On a consolidated basis, Lucky Cement Limited reported net profit after tax of PKR 1.27 billion after taking out PKR 0.25 billion attributable to non-controlling interests for the first quarter…
The next generation of China’s corporate global giants
ACCA (the Association of Chartered Certified Accountants) has identified the 100 fastest-growing Chinese businesses emerging as global corporations – based on analyses of historical performance and their potential for future…
National Management Course participants on a study tour of Turkey
An eight-member delegation of 111th National Management Course (NMC) of the National School of Public Policy (NSPP) is on a study tour of Turkey from 25-31 October 2019. Led by…
SBP releases Annual Report on The State of Pakistan’s Economy
State Bank of Pakistan has released its Annual Report on The State of Pakistan's Economy for the fiscal year 2018-19 today. According to the report, several policy measures were taken…
Engro’s Enfrashare Partners with Telenor Pakistan for Infrastructure Development
Leading connectivity infrastructure provider, Enfrashare Pakistan Private Limited and Telenor Pakistan, one of Pakistan's top mobile network operators, have entered into a long-term partnership agreement. Under this partnership, Enfrashare will help…
Pak-Qatar Family Takaful Signs MoU with Mawazna
Pak-Qatar Family Takaful came into an agreement with Mawazna.com (a rapidly growing financial services comparison platform) after a signing ceremony held in Karachi. The agreement will allow Mawazna to offer…
PPL approves 20 percent cash dividend at AGM
The 68th Annual General Meeting of Pakistan Petroleum Limited (PPL) was held on October 28 at Pearl Continental Hotel, Karachi. Members approved financial statements for the fiscal year ended June…
President FPCCI urges for Promotion of Islamic Banking
Engr. Daroo Khan Achakzai, President of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) urged the government to promote Islamic Banking in Pakistan as globally the Islamic Banking…
Turkish support for Kashmiris reiterated at Kashmir Black Day event in Ankara
Turkish support for Jammu & Kashmir dispute was once again reiterated at an event was organized by the Embassy of Pakistan in Ankara today as part of Kashmir Black Day…