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