Pakistan Automobile Sector sees growth on Jan 21

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


‘Modernizing Agriculture through Innovative Technologies Conference 2020’

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 to inaugurate important projects in Balochistan

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 of Punjab Fintech center inks agreement with Karandaaz Pakistan

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


50 Corporate Companies get International CSR Awards

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


PCSIR declares Olper’s milk 100% pure & safe for consumption

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


SECMC to hire local HTV drivers

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


Pakistan: Highest ever cement despatches during 12MFY16

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


NHA expedites work on the western route of CPEC

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


Bestway Cement inaugurates 13.5MW waste heat recovery plants

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


FPCCI President demands Business & People friendly budget

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


ETIHAD AIRWAYS appoints Abdulmohsen as Air Seychelles CFO

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


Health Asia 2015- 11th Int’l Exhibition & Conference on 8-10 September at Karachi Expo Centre

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


Pakistan’s Liquid Foreign Reserves Position April, 30th 2015

The total liquid foreign reserves held by the country stood at US$17,717.6 million on 24April2015, says a press release issued by central bank of Pakistan.

The break-up of the foreign reserves position is as under:-

  1. Foreign reserves held by the State Bank of Pakistan: US$  12,565.1  million
  2. Net foreign reserves held by banks :    US$    5,152.5  million
  3. Total liquid foreign reserves                 :    US$  17,717.6 million

During the week ending 24April2015, SBP’s Liquid FX Reserves increased by US$201 million to US$12,565 million, compared to US$12,364 million in the previous week.… Continue


POGEE 2015

POGEE 2015 inaugurated- Sindh Province: solution providers for energy crisis in Pakistan, says Syed Murad Ali Shah, Sindh Minister for Energy

Shoaib Warsi reviews SSGC working at POGEE

(Karachi- Our Correspondent) Syed Murad Ali Shah, Minister for Finance and Energy, Government of Sindh has congratulated Pegasus Consultancy (Pvt) Ltd; for holding POGEE,  the 13th International Exhibition for the Energy Industry at Karachi Expo Centre, in Karachi from 23 – 25 April, 2015, in a befitting manner.… Continue