The 16th Aalmi Urdu Conference by the Arts Council of Pakistan Karachi begins from November 30 to December 3.
The 16th Aalmi Urdu Conference by the Arts Council of Pakistan Karachi will be held from November 30 to December 3 at the Arts Council of Pakistan Karachi. These dates were announced by the President of the Arts Council of Pakistan Karachi, Muhammad Ahmad Shah, in a press conference held regarding the 16 Almi Urdu Conference.… Continue
Zong 4G Announces new features on My Zong App (MZA)
Zong 4G, Pakistan’s leading telecommunications company, has launched a suite of new features on its My Zong App (MZA), further enriching the user experience and providing unparalleled convenience to its customers.
MZA Sprint has added 13 new Digital Value Added Services (VAS) to cater to diverse user preferences.… Continue
U.S. Ambassador and FAO mark the successful completion of a sustainable farming project
U.S. Ambassador Donald A. Blome participated in a closing event of a five-year, $1.3 million U.S. Embassy-funded sustainable farming program today. The Alternative Livelihoods Options Project, which the FAO implemented with the assistance of the KP government, has helped 3,700 farmers, including over 600 women, increase their incomes by teaching them improved agricultural practices and increasing their access to new, alternative crops.… Continue
KATI mourns 1st anniversary of esteemed business leader, Patron-in-Chief SM Muneer,
The Korangi Association of Trade and Industry (KATI) observed the first death anniversary of its former Patron-in-Chief and esteemed business community leader, SM Muneer, in a solemn ceremony attended by KATI President Faraz-ur-Rehman, Deputy Patron-in-Chief Zubair Chhaya, Senior Vice President Nighat Awan, Vice President Muslim Mohammadi, and other members of the Executive Council.… Continue
KE asserts investment has improved services in all areas
National Electric Power Regulatory Authority (NEPRA) today heard K-Electric’s petition for grant of non-exclusive distribution license and supplier license for the next 20 years to its service territory including Karachi, Dhabeji, Gharo in Sindh and Balochistan’s Hub, Bela and Vinder regions.… Continue
Careem customers can now bid their own price with newly launched Flexi Rides
Careem, the pioneer of ride-hailing in Pakistan, launches Flexi Ride in Islamabad and Rawalpindi. Flexi Ride is a new ride-hailing option redefining freedom of choice for both customers and Captains by enabling them to choose their preferred price. The Flexi Ride offers three categories; Flexi GO, Flexi GO Mini and Flexi Bikes. … Continue
Atlas Honda celebrates 60 Years in Pakistan
Atlas Honda, the leading motorcycle manufacturer in the country, celebrated its 60th year of operations in Pakistan. The joint venture between Atlas Group and Honda Motor Company has been at the forefront of motorcycle and auto parts manufacturing since 1963.
A ceremony was held at Atlas Honda’s Sheikhupura Factory to commemorate the milestone.… Continue
Business Confidence on the Increase – OICCI’s Survey reports a positive shift.
In its latest Business Confidence Index Survey (BCI) – Wave 24, the Overseas Investors Chamber of Commerce and Industry (OICCI) unveiled a promising upswing in Pakistan’s business confidence. Conducted from October to November 2023, the survey indicated a seven percent overall improvement compared to the previous wave in March to April 2023.… Continue
To augment international business, TELE set up an offshore company, Phoenix Global FZE, in the UAE.
TELE held its analyst briefing session today to discuss its FY23 performance. A brief from the session is provided below:
To benefit from the immense growth potential in the MENA region, especially the Middle East, the company set up a wholly owned offshore company, Phoenix Global FZE, in the UAE to gain more international business.… Continue
UNITY expects the addition of a chemical refinery by 3QFY24.
Unity Foods Ltd (UNITY) held its corporate briefing session to brief investors about FY23 results and shed light on the future outlook. The AKD Research has reported it well.
- The company’s topline during FY23 stood at PkR101bn (up 15%YoY), while gross margins stood at 13.5% during the period (9.5% SPLY).
UNITY expects the addition of a chemical refinery by 3QFY24.
Unity Foods Ltd (UNITY) held its corporate briefing session to brief investors about FY23 results and shed light on the future outlook. The AKD Research has reported it well.
- Company’s topline during FY23 stood at PkR101bn (up 15%YoY), while gross margins stood at 13.5% during the period (9.5% SPLY).
Govt pledge to increase IT exports to $10 billion was lauded.
Chairman of National Business Group Pakistan, President Pakistan Businessmen and Intellectuals Forum, and All Karachi Industrial Alliance, and former provincial minister Mian Zahid Hussain said on Monday that the government will increase the productivity of the IT sector and boost exports to ten billion dollars in few years which is laudable.… Continue
IIA disapproves a drastic hike in property tax
On Monday, Islamabad Industrial Association (IIA) said that it rejects the cruel increase in property tax as it will damage the industrial sector. The move will increase the problems of the industrial sector, which is already stuck in many difficulties. While addressing a hurried association meeting, acting President IIA Karim Aziz Malik said that the industrial sector is already suffering from multiple problems.… Continue
AKU hosted an annual conference titled “Climate Change Karachi.
The Aga Khan University, in partnership with the Institute for Global Health and Development at Aga Khan University (IGHD-AKU), Sustainable Solutions Development Network Pakistan (SDSN-PK), and the Aga Khan Development Network (AKDN), hosted an annual conference titled “Climate Change, Health, and Environment: Opportunities for Change”.… Continue
VEON Wins Award for Crisis Response at World Communication Awards 2023
VEON, a global digital operator that provides converged connectivity and online services, today announces that it has been awarded the Crisis Response Award for its group-wide Emergency Response initiatives in Pakistan, Ukraine and Bangladesh, and beyond at the World Communication Awards 2023.… Continue
NUST ICON Centre inaugurated on the premises of SITE Association of Industry
The National University of Science & Technology (NUST) has set up its Industrial Innovation office, titled NUST ICON Centre, on the premises of the SITE Association of Industry, Karachi. Patron-in-Chief Zubair Motiwala and NUST Pro-Rector Research, Innovation and Commercialization, Air Vice Marshal, Dr.… Continue
$44.6 Million USAID-Funded Municipal Services Program in Khyber Pakhtunkhwa completed.
Today U.S. Ambassador to Pakistan Donald A. Blome visited the Water and Sanitation Services Peshawar (WSSP) office in Hayatabad, Peshawar, to celebrate the successful completion of the USAID-funded Municipal Services Program in Khyber Pakhtunkhwa (KP), a 12-year, $44.6 million effort. Thanks to the project, today hundreds of thousands of residents of KP have better more reliable access to safe, clean, drinking water, waste management, and improved sanitation. … Continue
realme surpasses 200 million global shipments!
realme, the world’s fastest-growing smartphone brand, has officially announced that its global smartphone shipments have surpassed 200 million units. Since reaching the 100 million sales milestone in 2021, realme has continued to leap forward while growing against all odds, becoming the fifth-fastest brand to achieve the 200 million shipment milestone and officially joining the elite ‘200 Million Club’ in the international arena.… Continue
Technological solutions and customer awareness can reduce financial crimes.
Technological solutions and customer awareness are two crucial aspects of combating the rising incidents of financial crimes across the country, said 
Federal Banking Ombudsman Sirajuddin Aziz. Speaking as a guest of honour at the conference” Financial Crimes in the Digital Age” organized by Eastnets and managed by Dellsons Associates recently, he said the banks should continue to upgrade their systems towards strengthening the data security of their customers, besides bringing reforms to plug the loopholes in the practices and mechanisms that made the data of customers accessible to white collar criminals.… Continue
UBG and BMP-Progressives look confident of winning the FPCCI Election.
Khurram Ijaz, the Coordinator of the Businessmen Panel Progressive, has stated that the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) election activities for the 2024-25 term are currently at their peak. He emphasized the principle of relinquishing power to engage in disagreements, highlighting that the willingness to sacrifice power is unprecedented in the history of FPCCI.… Continue
PAF Air War College delegation briefed about the water hydel power scenario in Pakistan
With the completion of eight under-construction water and hydropower projects of WAPDA, the carry-over water capacity in the country will increase from 30 days to 45 days with an addition of 9.7 MAF water storage, while hydel power generation of WAPDA will also be doubled to more than 18,000 MW with an increase of 9,043 MW.… Continue
Yadea Electrifies Pakistan opens its first showroom in Lahore.
Yadea, the world’s No. 1 best-selling electric bike brand, proudly announces the official launch of its first flagship showroom in Pakistan. The momentous ceremony took place in Johar Town, Lahore, marking a significant step forward for the renowned Global e-bike maker in expanding its global presence.… Continue
Lotte Chemical Pakistan faces challenges.
IMS Research penned a review on Lotte Chemical Pakistan Ltd. The experts believe that subdued PTA demand & low PTA-PX spread to hit profits.
Due to lower export volumes, local PTA demand will likely remain subdued in the near term. However, inflation easing off in export markets in the medium term should improve the demand outlook for PTA.… Continue
DGKC exported two shipments to Mexico and four shipments to the USA.
Topline Securities hosted a Corporate Briefing Session (CBS) for DG Khan Cement (DGKC), where senior management discussed the company’s recent financial performance and future outlook. According to the management, local cement demand will remain flat in FY24. However, cement demand to recover by 5-10% in FY25.… Continue
Oman wants to import fruits, vegetables and live meat from Pakistan.
Consul General of Oman Eng. Sami Abdullah Salim AlKhanjari, while expressing dissatisfaction over very limited trade between Oman and Pakistan, stated that although there was potential to enhance trade, not much trade was taking place despite being very close to each other.… Continue