Karandaaz leads the conversation on Climate-Smart Housing in Pakistan

Karandaaz Pakistan held a webinar to launch its latest study on the potential of Climate-Smart, Low-Income Housing in Pakistan. Industry leaders and stakeholders came together to deliberate on the housing needs in Pakistan and the impact green initiatives can have in meeting the needs of populations especially vulnerable to the impact of climate change. … Continue

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VISA brings innovative payment experiences to FIFA World Cup Qatar 2022™

As the world awaits kick-off of the FIFA World Cup Qatar 2022™, Visa (NYSE: V), the Official Payment Technology Partner of FIFA, has readied a payments network that will enable contactless purchases throughout all official venues, including eight stadiums and the FIFA Fan Festival™.… Continue

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The benchmark KSE-100 index started the week off poorly

·        The benchmark KSE-100 index started the week off poorly. The market started off in the red and proceeded to trade in the same range reaching an intraday low of 42,761.88 points due to lack of investors’ participation.  Mainboard activity remained flat as the 3rd tier stocks continued to be the volume leaders.… Continue

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Pak-Qatar General Takaful and Hefazat Technologies sign an agreement to introduce innovative General Takaful Products

Pak-Qatar General Takaful Limited (PQGTL) and Hefazat Technologies held an agreement signing ceremony on 14th October 2022 with an aim to introduce new products that will give customers greater flexibility in acquiring Takaful to protect their purchases in the event of an unfortunate incident.… Continue

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Fishry.com and Paymob Partner to build an inclusive e-commerce ecosystem for SMEs in Pakistan

Fishry.com, Pakistan’s indigenous e-commerce platform, and Paymob, the leading omnichannel payments infrastructure in the MENAP region, announce their partnership to jointly empower small and medium enterprises (SMEs) to build fully hosted self-service e-commerce stores with zero-upfront investment integrated with Paymob check-out.… Continue

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Impact of Flood and Climate change on Pakistan Agriculture

By Dr. Muhammad Nawaz Iqbal

According to a recent “rapid-attribution” research, the monsoon rainfall that broke all previous records and caused major floods in Pakistan this summer was “certainly increased” by climate change. Pakistan experienced over 190% more rain than its 30-year average from June to August 2022.… Continue

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Change in GSP Plus procedure to be decided by EU’s parliament, says Belgian Ambassador

While referring to President KCCI’s request for supporting Pakistan in the continuity of EU’s GSP Plus, which will be expiring on December 31, 2023, the Ambassador of Belgium Charles Delogne said, “The regulation for GSP Plus is being discussed now and there is a change in the procedure which will decided by the European Union’s Parliament.”… Continue

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Cement dispatches declined by 18.46 percent during October 2022 in Pakistan

Cement dispatches declined by 18.46 percent in October 2022. Total Cement dispatches during October 2022 were 4.252 million tons against 5.215 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 2022 were 3.89 million tons compared to 4.6 million tons in October 2021, showing a decline of 15.5 percent.… Continue

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Another positive session was witnessed at the PSX today

·        Another positive session was witnessed at the PSX today. The benchmark KSE-100 index traded in the green for majority of the session, maintaining the momentum from the previous session, as investor remained hopeful for positive outcomes from the Prime Minister’s visit to China.… Continue

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Rafi-uz-Zaman Zuberi made the community proud in the field of education and literature, Mumtaz Ahsan Zuberi

Shiraz Zuberi, Vice President of the Zuberi Association, has said that Rafi-uz-Zaman Zuberi has immense services in literature. He has made the Zubari community proud around the world. Rafi-uz-Zaman Zuberi worked tirelessly for the improvement of literature, education and teaching for a long time.… Continue

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Bank Alfalah stays true to its commitment, donates $73,000 for the 73 sixes scored in the T20I series

Bank Alfalah Limited has always been one of the biggest allies when it comes to supporting cricket in Pakistan, and an even bigger advocate for flood relief operations in the country. This year, Bank Alfalah decided to pledge that it will donate $1000 for every six scored in the Pakistan vs England T20I series.… Continue

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KCCI welcomes Dar’s move to keep POL prices intact, extend last date for IT returns, raise LCs limit

President Karachi Chamber of Commerce and Industry (KCCI) Mohammed Tariq Yousuf, while highly appreciating Finance Minister Ishaq Dar’s announcement to keep petroleum prices intact and extent last date for filing Income Tax Return till Nov 30, 2022, said that the business community warmly welcomes these announcements and the determination being exhibited by government to pay special attention to the issues and recommendations being given the business & industrial community

In a statement issued, President KCCI said that the Finance Minister’s decision to raise the LCs limit from $50,000 to $100,000 was undoubtedly a pro-business move which was being demanded by the Karachi Chamber since long.… Continue

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Gallup Business Confidence Index drops to the lowest level Inflation, load shedding, and lack of confidence worry the business community

According to a Gallup Pakistan survey conducted in the last quarter of 2022 for the Gallup Business Confidence Index, 65 per cent of business owners believe their businesses are facing bad conditions. Industrial machines businesses are doing the best out of all types of businesses, with 75 per cent of them believing that conditions are good.… Continue

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“Fly Jinnah” takes off with first flight to Islamabad

Fly Jinnah, Pakistan’s new low-cost carrier (LCC), today held the inaugural ceremony of its first flight to Islamabad, marking the start of the airline’s operations. The ceremony took place at the Ramada Plaza by Wyndham Karachi Airport Hotel prior the departure of the inaugural flight which included delegates and members of the media.… Continue

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PSO convened its 46th AGM to approve a final dividend of PKR 10/-

The national energy icon, Pakistan State Oil (PSO), convened its 46th Annual General Meeting for the financial year 2021-22 on October 26, 2022, in Karachi. Chairman Board of Management, PSO, Mr Zafar I. Usmani, chaired the meeting with Managing Director & CEO, PSO Syed Taha.… Continue

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Huawei, NDC and Temenos to help banks modernize IT platforms through Innovative hybrid cloud solutions

At the NDC & Temenos Bank of the Future Forum (BoFF 2022) held in which Huawei attended as a platinum sponsor and debuted hybrid cloud value proposition for banks on Temenos Core banking.

As a strategic partner of Temenos, Huawei’s innovative hybrid cloud solution is well poised to help banks shape a modernized IT platform to support the digital transformation.… Continue

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ONE Network and Cybernet complete first phase of cross-country long-haul fiber network

A new ultra-low latency long-haul fiber network is being deployed jointly by One Network, the largest ICT and Intelligent Traffic and Electronic Tolling System operator in Pakistan, and Cybernet, a leading fiber broadband provider. The network will span the entire length of the country and provide much-needed capacity and redundancy to the communications, internet, and media infrastructure in numerous cities, towns, and districts.… Continue

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Exporters to explore African Markets: KATI

Ambassador of Ethiopia Jamal Baker Abdullah has said that Ethiopia is the gateway of African countries, and Pakistani investors will be provided with more opportunities than the European market. The Industrialists will get the cheapest electricity in Ethiopia. He expressed these views during his visit to the Korangi Association of Trade and Industry (KATI).… Continue

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A colourful Korean Culture Musical program, “GUGAK”, held at the Arts Council of Pakistan Karachi

A musical program based on Korean cultural dance and music, “GUGAK” was organized in Auditorium II with the cooperation of the Arts Council of Pakistan Karachi and the Republic of Korea Consulate. Arts Council President Muhammad Ahmad Shah, Consul General Korea H.E.… Continue

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Healthy volumes were observed in the 3rd tier stocks today

· The benchmark KSE-100 index opened in a positive note but couldn’t sustain due to lack of participation and led the index to trade in the red zone during the first trading session however in the second session market traded in narrow range, main board volumes stayed dull whereas healthy volumes were observed in the 3rd tier stocks.… Continue

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KCCI advised to look into possibility of organizing exhibition in collaboration with ICMA

Chairman Strategic Board, Institute of Cost & Management Accountants (ICMA) Pakistan Zia ul Mustafa Awan has asked the Karachi Chamber of Commerce & Industry (KCCI) to look into the possibility of jointly organizing an exhibition in collaboration with ICMA with a vision to further improve the industry-academia linkages which would certainly prove favourable not only for the businesses and graduating students but also for the economy.… Continue

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KCCI advised to look into possibility of organizing exhibition in collaboration with ICMA

Chairman Strategic Board, Institute of Cost & Management Accountants (ICMA) Pakistan Zia ul Mustafa Awan has asked the Karachi Chamber of Commerce & Industry (KCCI) to look into the possibility of jointly organizing an exhibition in collaboration with ICMA with a vision to further improve the industry-academia linkages which would certainly prove favourable not only for the businesses and graduating students but also for the economy.… Continue

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KCCI advised to look into possibility of organizing exhibition in collaboration with ICMA

Chairman Strategic Board, Institute of Cost & Management Accountants (ICMA) Pakistan Zia ul Mustafa Awan has asked the Karachi Chamber of Commerce & Industry (KCCI) to look into the possibility of jointly organizing an exhibition in collaboration with ICMA with a vision to further improve the industry-academia linkages which would certainly prove favourable not only for the businesses and graduating students but also for the economy.… Continue

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The psychological value of marketing

BY KASHIF ALI

It is a method in which a product allows consumers to express themselves or feel better. Any marketing campaign or strategy aims to influence a consumer to make a decision that benefits a business, company or organization.

The link between marketing and psychology is evident by considering these factors; marketers can create campaigns and messages that favourably sway the target consumers’ behaviour.Continue

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A negative session was witnessed at PSX today

· A negative session was witnessed at PSX today, as lack of participation led the index to trade in red zone for majority of trading session. Volumes remained dry in the main board whereas, 3rd tier stocks continued to remain board leaders.… Continue

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