PTCL pledges support to startups incubated at NIC Karachi

Pakistan Telecommunication Company Limited (PTCL) pledges to support top startups being incubated at National Incubation Center (NIC) Karachi. A delegation of PTCL’s higher management visited NIC Karachi located at the NED University.

The session was led by Dr. Daniel Ritz, President & CEO, PTCL, accompanied by Moqeem ul Haque, Chief Commercial Officer, PTCL, Saad Muzaffar Waraich, Chief Technology & Information Officer, PTCL and Sikandar Naqi, Chief Business Development Officer, along with senior executives of PTCL.

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MCB Bank PAT stands at Rs. 21.36 billion for the FY18

The Board of Directors of MCB Bank Limited, met under the Chairmanship of Mian Mohammad Mansha, on February 20, 2019 to review the performance of the Bank and approve the financial statements for the year ended December 31, 2018. Unconsolidated Profit Before Tax (PBT) of the Bank for the year ended December 31, 2018 increased by 3% and was reported at Rs.

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CARFIRST launches merchant program to help auto industry entrepreneurs

CarFirst, Pakistan’s leading online auction and trading platform for used car, launched its Merchant Program to help grow the number of entrepreneurs in Pakistan’s Auto Industry. CarFirst’s Merchant Program is a new initiative to assist auto brokers, investors, and agents to rapidly scale up their business and increase volumes by joining the CarFirst partner network.

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DP World acquires leading European transportation and logistics provider

DP World PLC announces the acquisition of the holding company of P&O Ferries and P&O Ferrymasters (together P&O Ferries) for a purchase consideration of GBP322mn (USD421mn¹), implying a 2017 Enterprise Value/EBITDA valuation multiple of 6.1x.

P&O Ferries is a pan-European integrated logistics business consisting of a market leading roll-on roll-off (Ro-Ro) ferries operation and a European transportation and logistics solutions provider, P&O Ferrymasters.

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Basketball Court dedicated to TPL at HU

Habib University has dedicated its newly built Basketball Court to TPL. Mr. Jameel Yusuf (S.St.), Chairman, TPL, Mr. Ali Jameel, CEO, TPL, Mr. Wasif Rizvi, President, Habib University and Mr. Parvez Ghias, CEO, Habib University Foundation, participated in the dedication ceremony.

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