Magazine Features

PTCL accords grand reception to newly elected office bearers of CBA

Pakistan’s largest telecommunications and ICT services provider, PTCL held a grand reception in honor of the office bearers of PTCL Workers Ittehad Federation, the Collective Bargaining Agent (CBA), who recently won it through a nationwide referendum. The ceremony was graced by the presence of the guest of honor, Syed Sagheer Bukhari, Senior Programme Officer at the International Labour Organization (ILO), Country Office Pakistan, along with senior PTCL officials and newly elected office bearers and labor leaders from across the country.… Continue

Mama Organic launches Pakistan’s first natural, organic, and toxin-free beauty and skincare brand

Mama Organic, Pakistan’s first startup in the beauty and skincare industry, is proud to announce its mission to bring the goodness of nature to skincare enthusiasts. Founded by a team passionate about natural and toxin-free products, Mama Organic is revolutionizing the industry with its range of skin, hair, and body care solutions.… Continue

Minister Dagha to form committee for resolving Karachi industrial challenges

Muhammad Younus Dagha, Caretaker Sindh Minister for Revenue, Industries & Commerce, has reiterated his commitment to resolving the challenges faced by industrialists in the North Karachi Industrial Area. During a meeting, he announced the formation of a committee that will specifically focus on addressing priority issues encountered by businesses in Karachi’s industrial zones.… Continue

Mobilink Bank witnesses a 38% growth in lending to MSMEs

Mobilink Bank exhibited significant growth in the first three quarters of 2023, as evidenced by the Q3 financial statements. This milestone highlights the Bank’s dedication to supporting Micro, Small, and Medium-Sized Enterprises (MSMEs), supported by substantial deposit growth and improvements on multiple indicators.… Continue

Aga Khan University’s 40th-anniversary multimedia exhibition opens to the public.

A multimedia exhibition that brings to life the 40-year history of the Aga Khan University opened Thursday with numerous dignitaries, including former Governor of the State Bank of Pakistan Dr Ishrat Husain and Oscar-winning filmmaker Sharmeen Obaid-Chinoy.

The first exhibition of its kind in AKU’s history, A Transformative Vision celebrates the vision of the University’s founder and Chancellor, His Highness the Aga Khan, the commitment of the thousands of dedicated individuals who have made that vision a reality and the impact AKU has on people’s lives.… Continue

Tech Valley Pakistan and Karachi Police to propel policing into the digital age with Google Workspace

Karachi Police and Tech Valley Pakistan, a Google Workspace and Google for Education Partner in Pakistan, are proud to announce a transformative collaboration aimed at revolutionizing law enforcement through digital innovation. This visionary initiative promises to streamline policing processes, resulting in more effective law enforcement and enhanced public safety.… Continue

SBP’s reserves increased by US$ 14 million

The total liquid foreign reserves held by the country stood at US$ 12,576.6 million as of 27-Oct-2023. The break-up of the foreign reserves position is as under:

  • Foreign reserves held by the State Bank of Pakistan: US$ 7,507.8 million
  • Net foreign reserves held by commercial banks    : US$ 5,068.8 million
  • Total liquid foreign reserves                 : US$ 12,576.6 million

During the week ended on 27-Oct-2023, SBP’s reserves increased by US$ 14 million to US$ 7,507.8 million.… Continue

A tripartite meeting of Employers, Workers and Government with CM Sindh discussed

Employers’ Federation of Pakistan delegation led by Former President Majyd Aziz and including Humayun Nazir, Director, and Syed Nazar Ali, Secretary General, had a meeting with Sindh Labor Secretary Shariq Ahmed, Commissioner SESSI Salim Raza, and Director General Labor Department Akhtar Ali Qureshi, to discuss the agenda for the tripartite meeting with Sindh Chief Minister Justice (r) Maqbool Baqar.… Continue

Fariha Pervez and Asteria join the roster of EQUAL Pakistan ambassadors for 2023

EQUAL Pakistan, a Spotify program dedicated to empowering female artists, has highlighted its ambassadors for September and October 2023 in a towering fashion. With Fariha Pervez, the famed “Patang Baaz Sajna” singer lighting up a digital billboard on Times Square, NYC for September followed by Asteria, a captivating figure in Pakistan’s music scene, the program has continued a legacy of highlighting female musicians who have and are continuing to make an impact on the local music scene.… Continue

In partnership with HBL, Visa launched the global “She’s Next” program to Empower Women Entrepreneurs.

  • Pakistan’s women entrepreneurs are invited to apply for grants worth USD 50,000, a tailored training program and access to networking and mentoring opportunities. Applications are open until 2 December 2023.
  • Visa shares findings from She’s Next Women SMB Digitization Index survey of Pakistani women entrepreneurs, including:
  • Women-owned businesses find funding a challenge, with 86% dipping into personal savings
  • 99% of women entrepreneurs have plans to digitize their business
  • 98% of women-led businesses are interested in payment related training
  • 67% women entrepreneurs believe transition to a cashless business with digitization is a huge opportunity

Women-led businesses in Pakistan primarily face funding, digitization and advisory challenges according to Visa’s Women SMB Digitization Index survey.… Continue

Village Electrification Project (VEP) inaugurated; 1000+ solar systems will be provided to households in Thar Coal

The Thar Foundation recently marked a significant milestone with the inauguration of the Village Electrification Project (VEP), set to illuminate households in Thar Coal Block II through the installation of solar systems. As part of the initiative, a total of 1035 households are poised to benefit, painting a promising picture of progress and development for the region’s villages.… Continue

SITE President terms gas rate hike unviable for SMEs

President, SITE Association of Industry Muhammad Kamran Arbi, has termed the current gas rate hike disastrous & unviable for SMEs (Small & Medium Enterprises) that form the backbone of Industrial production. He further said that the current economic situation does not have room for absorption of this rate increase.… Continue

foodpanda Triumphs with Three Dragons of Asia Awards

foodpanda proudly announces its remarkable achievement with three prestigious Dragons of Asia Awards. These accolades recognise the company’s marketing excellence and reaffirm its food delivery and e-commerce leadership.

The Dragons of Asia, renowned for reviewing marketing campaigns across Asia, have recognised foodpanda’s extraordinary efforts with two Gold Dragons, one for Dragons of Asia and one for Dragons of Pakistan.… Continue

Xenith PR celebrates 24 years of success and achievements.

Xenith Public Relations (Pvt.) Limited, a full-service communications agency, is thrilled to celebrate its 24th anniversary this month. Founded in 1999 by visionary PR expert Zainab Ansari, Xenith PR has emerged as a trailblazer in the public relations sector, continuously evolving and staying at the forefront of industry trends and evolution.… Continue

Careem partners with LUMS to empower working-class women of Pakistan.

In a groundbreaking initiative, Careem, a pioneer of ride-hailing services in Pakistan, has partnered with the Lahore University of Management Sciences (LUMS) to launch “Asset-based Finance for Microenterprises in Pakistan’. The partnership aims to uplift and empower women in Pakistan by offering them the opportunity to become self-reliant entrepreneurs and contribute to the country’s socio-economic growth.… Continue

Pak-Japan Business Forum holds 15th AGM, Annual Dinner.

The Pakistan-Japan Business Forum (PJBF) held its 15th Annual General Meeting (AGM) chaired by its Patron-in-Chief, Ambassador of Japan Mitsuhiro Wada. The newly-appointed PJBF Chairman Murtaza Mandviwalla, his predecessor Kalim Farooqui, supported by Senior Vice Chairman Itaru Nakamura and Vice Chairman Feroz Alam Shah shared the details of this year’s performance report.… Continue

State Bank of Pakistan & CDC launched RAAST payments facility for Mutual Funds

Central Depository Company (CDC) has collaborated with the State Bank of Pakistan (SBP) for allowing investors to purchase mutual funds units using SBP’s RAAST Payment Gateway. CDC has developed a framework where it acts as an “Aggregator” and issues a Raast Payment ID, enabling investors to digitally transfer funds, using Raast, to the respective Asset Management Company (AMC) for purchase of mutual fund units.… Continue