Jubilee Life Insurance, Pakistan’s largest private sector insurance company, proudly celebrated its 5th consecutive year of collaboration with SEED Ventures on the Enterprise Challenge Pakistan (ECP), the country’s premier business challenge for school children with an event held at the British Deputy High Commission (BDHC) Karachi, Pakistan.… Continue
DP World and the International Renewable Energy Agency (IRENA) have signed a cooperation agreement to accelerate the use of renewable energy and cut emissions from the ports and maritime logistics sector. Signed by IRENA Director-General Francesco La Camera and DP World Group Chairman and CEO Sultan Ahmed bin Sulayem, the agreement focuses on identifying and implementing decarbonisation solutions across the sector.… Continue
FPCCI’s presidential candidate, Atif Ikram Sheikh, said on Sunday that millions of people are leaving the country for employment abroad because Pakistan has almost no opportunities due to the economic downturn. He said workers, scientists, engineers, and IT experts are leaving the country due to desperation, which has threatened its economy. … Continue
On World Olive Tree Day, the Pak Olive National Gala is being held in Islamabad to provide opportunities to explore Olive Sector Development in Pakistan. The event is being organized by “Promotion of Olive Cultivation on a commercial scale in Pakistan Phase-II” and the Italian-funded “OliveCulture-Holistic and Multi-professional Mechanism for a Pakistani Olive Oil Value Chain” project.… Continue
According to Spectrum Research, KSE100 gained 2,023 pts, closing at 59,086 fueled by positive economic developments, including the release of nest IMF’s tranche, government transfer of SOE assets to PSWF, government application submission for BRICS membership with Russian help, FDI up by 7% in first four month of FY24, CNDS achieving PKR715bn fresh bond target in 5MFY23.… Continue
President Karachi Chamber of Commerce & Industry Iftikhar Ahmed Sheikh presented the crest to Deputy Commissioner South Capt. (Retd) Altaf Hussain Sario during his visit to KCCI. Senior Vice President Altaf A. Ghaffar, Former VP Talat Hussain, KCCI Managing Committee Members and others are also seen in the picture.… Continue
- Due to gradual economic recovery and changing dynamics of import business in Pakistan, we have re-evaluated Pak Elektron (PAEL) after our detail discussion with the management.
- We have revised our earning estimates based on (1) volumetric recovery in appliances division, (2) deleveraging & expected fall in interest rate, (3) better power division outlook, and (4) improved gross margins.
Mobilink Bank won the prestigious Best Bank for Inclusion title at the Pakistan Banking Awards (PBA) 2023, held at Pearl Continental Hotel, Karachi, on Friday, November 24. The accolade highlights the Bank’s outstanding contributions in promoting inclusive financial practices, championing accessibility to banking services and demonstrating a commitment to serving a diverse clientele.… Continue
Former President of the Islamabad Chamber of Commerce and Industry (ICCI), Dr Shahid Rasheed Butt, said on Saturday that the prevailing economic conditions solely affect individuals and small business owners. Still, the circumstances are highly favourable to powerful companies. Under the guise of the IMF program, the entire burden has been placed on the people, while no responsibility has been placed on the rich, which is unjustified, he said.… Continue
In a recent development, Muslim Mohammadi, Vice President of the Korangi Association of Trade and Industry (KATI), has assumed the role of Acting President at KATI. This transition comes as KATI President Faraz-ur-Rehman is engaged in personal commitments and is currently away from Karachi.… Continue
The Beanconhouse School System, Jubilee Campus, in its pursuit to conserve the environment and promote a sustainable lifestyle, held an event to showcase the creative fashion accomplishments of its students fully based on recyclable material. The event held at the Jubilee Campus of the Beaconhouse School System marked the launch of “The Green Raiment,” the first-ever sustainable fashion brand launched by any school in Pakistan.… Continue
The Oil and Gas Development Company Limited (OGDCL) and Ghulam Ishaq Khan Institute of Engineering Sciences and Technology (GIK) have entered into a Memorandum of Understanding (MoU) to advance education and research in the fields of engineering, sciences, emerging technologies, and beyond.… Continue
Pioneering biodiversity conservation, sustainable agriculture, and fish farming ventures by Sindh Engro Coal Mining Company (SECMC) are spearheading transformative change in Tharparkar, uplifting communities through food security and livelihood generation.
The bio-saline agriculture initiative, launched in 2016, has successfully cultivated 16 edible plant varieties using underground saline water from the coal mines.… Continue
Two exceptional students from Lahore, Asmer Safi and Iman Iftikhar, have won the prestigious Rhodes Scholarships for Pakistan this year. This year marks the Rhodes Scholarship’s 75th anniversary in Pakistan. The Rhodes Scholarship is the world’s preeminent and oldest graduate fellowship, based at the University of Oxford since 1903.… Continue
The Pakistan Single Window (PSW) is proud to announce that it has successfully integrated with the International Plant Protection Convention Secretariat’s (IPPC) E-Phyto Hub. This integration marks a significant achievement for the paperless, global digital exchange for electronic phytosanitary certificates.
The PSW – ePhyto Hub integration will transform international agricultural trade for Pakistan.… Continue
As part of its continued efforts to adhere the directives of PMDU for organizing Khulli Kachehris (both online and in person), focused to facilitate its valued customers, today Sui Southern Gas Company organized its monthly head office session entitled ‘Rubaru’ that was chaired by Company’s Acting Managing Director, Mr.… Continue
Zong 4G, a leading telecommunication company, is committed to ensuring the safety and well-being of its employees. In observance of Fire Safety Awareness Month this November, Zong 4G, has taken proactive measures to equip its workforce with essential knowledge and skills to respond effectively in a fire emergency.… Continue
Mughal organized its analyst briefing yesterday, and the following points were discussed:
· Company successfully completed its non-ferrous recycling plant from which the extracted ferrous component is proved to positively contribute to company’s performance.
· LC restrictions remained a big challenge for the company which negatively impacted their domestic supply chain throughout the previous year, with capacity utilization standing low at 35% during FY23.… Continue
TikTok has become a cultural hub in Pakistan, drawing in a diverse community that loves to share and connect. The app’s charm lies in its ever-evolving content, and each day brings new challenges that keep users engaged. Among the prominent most and influential faces of TikTok are Jannat Mirza, Zulqarnain Sikander, Areeka Haq, and Alishba Anjum, who not only entertain but also set the trends for the entire platform.… Continue
In a collaborative effort, UBG and BMP Progressive Group are set to host a groundbreaking Round Table on Women’s Employment in Lahore. This significant event is expected to draw women entrepreneurs across Pakistan, fostering a platform for dialogue and collaboration.
Samina Fazil, Chairperson of the Women Wing of UBG, announced that Mr.… Continue
In a powerful gathering organized by the Korangi Association of Trade and Industry (KATI), leaders advocate for the revitalization of the ‘Made in Pakistan’ initiative and urge government support for youth entrepreneurship. President of KATI, Faraz-ur-Rehman, delivered a passionate address, asserting that the initial slogan after Pakistan’s creation should have been “Maiden Pakistan.”… Continue
The total liquid foreign reserves held by the country stood at US$ 12,302.3 million as of 17-Nov-2023. The break-up of the foreign reserves position is as under:
- Foreign reserves held by the State Bank of Pakistan: US$ 7,180.0 million
- Net foreign reserves held by commercial banks : US$ 5,122.3 million
- Total liquid foreign reserves : US$ 12,302.3 million
During the week ended on 17-Nov-2023, SBP’s reserves decreased by US$ 217 million to US$ 7,180.0 million due to debt repayments.… Continue
President Karachi Chamber of Commerce & Industry (KCCI) Iftikhar Ahmed Sheikh has asked the Federal Board of Revenue (FBR) to issue directives for rectifying the technical errors being suffered by filers of Sales Tax Return who have been facing a lot of problems in filing their Sales Tax Returns since last three months.… Continue
The Aga Khan University Hospital (AKUH) reaffirms its commitment to the well-being of its youngest patients with heartwarming and engaging activities to celebrate World Children’s Day. The Children’s Day journey commenced on 20th November 2023, marked by a momentous walk and a vibrant art exhibition at the AKU Sports Centre.… Continue
BankIslami Pakistan Limited proudly announces the signing of a Memorandum of Understanding (MOU) with The Pakistan Freelancers’ Association (PAFLA), marking a significant milestone in facilitating the burgeoning freelance community in Pakistan.
This collaboration aims to revolutionize financial services for freelancers, offering a dedicated Freelance Account Opening service.… Continue