The Automobile assemblers rolling momentum continues in Jan ’21 due to lower cost of financing, January registration effect, stable ex-factory prices and strong consumer demand. The 7MFY21 unit sales (PC, LCV & SUV) clocked in at 97,469, ↑23% YoY. With the auto policy 2016-21 expiring in Jul ’21, new entrants race to file applications and benefit.… Continue

Agha Steel Industries, a leading Steel rebar manufacturing company has signed a contract with Renewable Power Pvt. Ltd. for installing a 2.25 Megawatt solar power project at its production facility located at Port Qasim Karachi. Meezan Bank Ltd is the banking partner for this transaction.… Continue

The United States Agency for International Development (USAID) hosted the first-ever ‘Modernizing Agriculture through Innovative Technologies Conference 2020’ in Islamabad today. The event showcased the transformational impact of the U.S.-Pakistan partnership to advance agricultural commercialization in Pakistan through strategic partnerships with 30 dynamic agricultural technologies businesses.… Continue

Prime Minister Shahid Khaqan Abbasi will inaugurate Khuzdar-Shahdadkot section and start of work on Yakmach-Kharan road project during a ceremony in Kharan today. Both the projects are part of government’s plan to improve and widen road network in Balochistan province.

200 km long Yakmach-Kharan section is located in the remote part of the province connecting three districts namely Chaghi, Washak and Kharan.… Continue

Information Technology University (ITU) of the Punjab and Karandaaz Pakistan entered into an agreement to initiate three research projects through the Fintech Center established at ITU. The three specific academic researches undertaken by this FinTech Center will improve the existing knowledge on women’s use of digital financial services and the barriers they face.… Continue

The corporate sector of Pakistan is performing its social obligations well and making it an example for government. Now it is time to focus on Government/Private partnership and should now jointly concentrate on film industry, music, and sports for the sake of image building of our country and to enhance its national identity in line with efforts of the government after waging the war against terrorism constantly for several years.… Continue

A delegation of the health sector led by Minister for Primary & Secondary Healthcare of Punjab Khawaja Imran Nazir met the Minister for Health of Turkey Dr Ahmet Demircan today. Both the Ministers discussed ongoing collaboration in the health sector and expressed satisfaction at the fast paced partnership in this area.… Continue

The country’s leading scientific and technological research organization – Pakistan Council of Scientific and Industrial Research (PCSIR) declared Olper’s and Olper’s Lite, Engro Foods Limited’s (EFL) ultra-heat treatment (UHT) milk brands, 100% pure & safe, based over the tests on 16 packaged milk brands in line with the directives of the Supreme Court recent proceedings.… Continue

As part of P&G’s effort to engage employees in the Company’s community programs and its Diversity and Inclusion mission which aims to recognize and celebrate the uniqueness and authenticity of each employee, P&G employees visited the SOS Children’s Village and dedicated quality time to spend with the children there.… Continue

Commercial Attaché of Turkish Consulate in Karachi, Murat Mustu has said that negotiations for Free Trade Agreement (FTA) between Pakistan and Turkey are planned to be finalized by December 2016 which will be followed by signing of FTA between the two brotherly countries.  … Continue

Dr. Farrukh Iqbal, Dean & Director IBA presented his first academic lecture after joining IBA on the topic “The Inclusivity of the Development Process in Pakistan” at the AERC (Applied Economics Research Centre) for the Prof. Dr. Ehsan Rashid Memorial Lecture, today on September 08, 2016.… Continue

Sindh Engro Coal Mining Company (SECMC) in support of its partners has initiated another landmark drive for the employment of experienced local HTV drivers for its mining project in Thar Coal Block II, in Sindh Province of Pakistan. This is part of their skill development campaign called, ‘Hunarmand Thar, Khushhaal Pakistan, says a statement issued by company.… Continue

Cement despatches to domestic markets during the month of June 16 increased by 9.2 percent to 2.96 Million Tons compared to 2.71 Million Tons during same month last year. The comparatively lower growth in June, 16 was mainly due to the holy month of Ramadan as construction activities slowdown in Ramadan. … Continue

To increase investment in Pakistan with no impact on government revenues, Pakistan Stock Exchange (PSX) has submitted number of important proposals for incorporation in federal budget 2016 – 17, which is likely to be announced by Federal Minister for Finance Mr.… Continue

National Highway Authority (NHA) is taking all possible measures to ensure the timely completion of the western route of China-Pakistan Economic Corridor (CPEC). This was stated by the Chairman NHA, Shahid Ashraf Tarar while presiding over the Executive Board Meeting held in Islamabad today.… Continue

The inauguration ceremony of the 6MW and 7.5MW waste heat recovery power plants was held at Bestway Cement Limited’s operations at Hattar and Farooqia, District Haripur respectively on Friday, 24 July, 2015. Speaking at the ceremony held to mark the occasion, group Chairman Sir Anwar Pervez, hailed the accomplishment as yet another milestone in the long series of achievements by Bestway since its entry in Pakistan.… Continue

K-Electric has expressed its pride in announcing that the KE SUKUK issue of PKR 22 billion, including a green shoe option of PKR 2 billion, has been fully subscribed on its launch day. The Sukuk has a tenor of 7 years and is rated AA+ by the JCR-VIS Credit Rating Agency Limited.… Continue

Mian Muhammad Adrees, President of the Federation of Pakistan Chambers of Commerce & Industry (FPCCI) has urged the Ministry of Finance to present the forthcoming federal budget as business friendly. He further said that in the forthcoming budget the problems of common people should also be considered on priority basis.… Continue

BMA Capital Management Limited, Pakistan’s premier financial services group, has promoted Mr. Mirza Kamran Baig, as Senior Vice President and Head of company’s Treasury Operations business. As Head of Treasury he will have oversight of both Fixed Income and Foreign Exchange Sales businesses of BMA Capital.… Continue

Etihad Airways, the national airline of the United Arab Emirates, has appointed Abdulmohsen Al Sayegh senior members of its finance team as Air Seychelles’ Chief Financial Officer. He holds a Bachelor’s Degree in Business Administration and Financial Services from the UAE’s Higher Colleges of Technology (HCT) and has extensive experience working for Etihad Airways in the UAE and across the world.… Continue

11th Health Asia 2015 Int’l Exhibition & Conferences incorporating Pharma Asia Int’l Exhibition will be held from 8th to 10th September 2015 at Karachi Expo Centre. The Event is organized by Ecommerce Gateway Pakistan (Pvt) Ltd. with the support of Pakistan Society of Anesthesiologists, Friends of Cardiac Surgery, Ministry of Health Government of Sindh; Trade Development Authority of Pakistan, Pharma Bureau of Information and Statistics, Pakistan Pharmaceutical Manufacturers Association (PPMA).… Continue

Abdul Rahim Janoo, Acting President FPCCI stated that FPCCI is the platform for the business community and there is no discrimination between the members on religion basis. He was talking with a delegation of Pakistan Hindu Council visited FPCCI under the leadership of Mr.… Continue