Indus Motor to invest $ 100 million for Hybrid Electric Vehicle (HEV) Plant in Pakistan

Indus Motor Company Limited has announced that based on the incentives provided against certain taxes and duties as announced by the Government of Pakistan through Finance Act, 2021 and subsequent…

Continue ReadingIndus Motor to invest $ 100 million for Hybrid Electric Vehicle (HEV) Plant in Pakistan

Falcon-i becomes first tracking company to launch WhatsApp-based vehicle location tracking

Falcon-i, Pakistan's largest privately owned vehicle-tracking and fleet-management company, has pioneered the 'WhatsApp for Business' channel in Pakistan. This first-of-its-kind for the tracking industry promises the next level of convenience…

Continue ReadingFalcon-i becomes first tracking company to launch WhatsApp-based vehicle location tracking

MSCI announces further consultation to include Pakistan Index in FRONTIER MARKETS 100 INDEX AND MSCI FRONTIER MARKETS 15% COUNTRY CAPPED INDEX by May 2022 Semi-Annual Index Review (SAIR)

September 07, 2021: MSCI announced today the launch of a consultation on the potential inclusion of the MSCI Pakistan Index to the MSCI Frontier Markets 100 Index and the MSCI…

Continue ReadingMSCI announces further consultation to include Pakistan Index in FRONTIER MARKETS 100 INDEX AND MSCI FRONTIER MARKETS 15% COUNTRY CAPPED INDEX by May 2022 Semi-Annual Index Review (SAIR)

MSCI has Reclassified Pakistan Index from Emerging Markets to Frontier Markets with index weight of 1.9%

As per the press release available at MSCI website, MSCI Inc. (NYSE: MSCI), a leading provider of critical decision support tools and services for the global investment community, announced today…

Continue ReadingMSCI has Reclassified Pakistan Index from Emerging Markets to Frontier Markets with index weight of 1.9%

The Arts Council’s Music and Theater Academy students will be given a two-month fee waiver

Arts Council of Pakistan Karachi (ACP) President Muhammad Ahmad Shah has announced that the Arts Council's Music and Theater Academy students will be given a two-month fee waiver for their…

Continue ReadingThe Arts Council’s Music and Theater Academy students will be given a two-month fee waiver

PPL operated gas reserves of Sui fields have been upgraded by 26% from the level in December 2020 to 1.18tcf by June 2021

PPIS recently updated the 2P reserves of oil and gas in Pakistan. Overall Gas reserves, by June 2021, are down 1.2% to c.20.95tcf – compared to the level in December…

Continue ReadingPPL operated gas reserves of Sui fields have been upgraded by 26% from the level in December 2020 to 1.18tcf by June 2021

All possible steps should be taken to promote trade between Japan and Pakistan, Consul General Isomura Toshikazu

Japanese Consul General in Karachi Isomura Toshikazu has said that we will take all possible steps to increase bilateral trade between Pakistan and Japan, Pakistani products should be promoted in…

Continue ReadingAll possible steps should be taken to promote trade between Japan and Pakistan, Consul General Isomura Toshikazu

Pakistan receives more than 1 million doses of COVID-19 Vaccine AstraZeneca in fight against pandemic

At the end of August Pakistan received 1,008,000 doses of COVID-19 Vaccine AstraZeneca that were donated by the United Kingdom through the COVAX facility. COVAX is a global initiative co-led…

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Yunus Textile Mills chooses SAP as its sole digital transformation partner

Pakistan's largest exporter & world-renowned supplier of home textile products, Yunus Textile Mills Limited, has partnered with SAP, a multinational software corporation, to digitalize its business through SAP S/4 HANA,…

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BankIslami collects ‘Brand of the Year 2021’ Award in Islamic Banking

BankIslami, the country's leading Islamic finance institution, continues to receive acknowledgments for its momentous performance, the latest being Pakistan's coveted national accolade, 'Brand of the Year 2021'. BankIslami was awarded…

Continue ReadingBankIslami collects ‘Brand of the Year 2021’ Award in Islamic Banking

MMBL inks MoU with Universal Motors for financing commercial vehicles for its customers

Pakistan's largest digital bank, Mobilink Microfinance Bank Limited (MMBL) has signed a Memorandum of Understanding (MoU) with Universal Motors (Private) Limited, a prominent importer, exporter, and manufacturer of commercial vehicles…

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Proposal to reduce power tariff in winter supported: 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 on Monday called for immediate implementation…

Continue ReadingProposal to reduce power tariff in winter supported: Mian Zahid Hussain