Magazine Features

Experience Changan’s game-changing SUV in Karachi’s exclusive event

Master Changan Motors Limited, the Pakistani automotive industry’s major disruptor and leading new entrant, has rapidly become the #1 choice for consumers in just five years.

In a market dominated by small gas guzzling crossovers and back-breaking off-roaders, the Changan Oshan X7 is undoubtedly a game-changer, offering innovative features, luxury, and a futuristic design language, all at an extremely competitive price.… Continue

easypaisa partners with Esquare to facilitate salary disbursements

easypaisa, Pakistan’s leading digital financial services platform, has partnered with Esquare Services Private Limited, a prominent employee and payroll outsourcing player, to seamlessly facilitate employee salary disbursements through easypaisa’s best-in-class digital platform.

Esquare will now utilise easypaisa’s open Application Programming Interface (API) architecture to disburse salaries, advances, and incentives to its workforce.… Continue

Dialogue stresses the need for CoD to address the evolving political landscape

AwazCDS-Pakistan, in collaboration with the Pakistan Federal Union of Journalists (PFUJ), organised a dialogue at the Committee Room of the Human Rights Commission of Pakistan (HRCP) to discuss and promote democracy in the nation. The dialogue focused on the need for a new Charter of Democracy (COD) to address the evolving political landscape and the challenges faced by Pakistan in upholding democratic principles.… Continue

Pakistani Origin Ahmed Larik selected among top 100 Saudi Technology Leaders.

Pakistani Origin IT Wizard Ahmed Ali Larik has been selected among the Top 100 Saudi visionary leaders by the prestigious platform DT100 for his extraordinary contribution in the transformation of the digital banking landscape. Ahmed Ali Larik became limelight as an accomplished visionary professional who was a leading force behind digital banking & fintech.… Continue

Emirates NBD and Mastercard surprise Careem Captains with trips to visit family in Pakistan

Emirates NBD, a leading banking group in the MENAT region, collaborated with Mastercard to fly ten Careem Captains in the UAE to visit their families in Lahore, Pakistan, in appreciation for their service to customers in Dubai.

All travel expenses, including flights and spending money, were covered by Emirates NBD for ten Captains, some of whom hadn’t visited their home country in two years, as they often prioritise sending their earnings home to their families.… Continue

Condolence on tragic helicopter crash claims lives of navy personnel in Gwadar, Faraz-ur-Rehman

The Korangi Association of Trade and Industry (KATI) expressed profound sadness and grief in the wake of a tragic helicopter crash in Gwadar, Balochistan, resulting in the martyrdom of two officers and one jawan of the Pakistan Navy.

During a training flight of a Pakistan Navy helicopter in the Gwadar area, KATI President Faraz-ur-Rehman, Deputy Patron-in-Chief Zubair Chhaya, Senior Vice President Nighat Awan, and Vice President Muslim Mohammadi were among those who extended their condolences and heartfelt sympathies to the families affected by this devastating accident.… Continue

Spotify reveals popular trends amongst Gen Z and Millennials of Pakistan

As the youth continues to drive musical trends in Pakistan, Spotify has revealed exciting data highlighting the artists, tracks, and genres that are the most popular amongst this lot of music enthusiasts. With a mix of hip-hop, rap, and electro beats from Pakistan and beyond taking the spotlight, the recent data showcases the vibrant tastes of the younger generation in this country.… Continue

The SBP import restrictions and the volatile exchange rate will remain challenging for the auto sector.

Indus Motor Company Limited (INDU) held a corporate briefing session on 05th Sep’23 to discuss FY23’s financial result and future outlook.

Brief Takeaways

· Indus Motors Company Limited (INDU) announced its financial result for FY23 on 28th Aug’23 whereby the company posted a Profit After Tax (PAT) of PKR 9,664mn (EPS: PKR 122.96), down by 39% YoY.… Continue

Huge economic costs of corruption: Majyd Aziz

Majyd Aziz, President of Global Compact Network Pakistan (GCNP), has said that corruption in business is a universal problem and that the worldwide economic costs of corruption are more than $2 trillion. Corruption and bad practices in Pakistan are now institutionalised, hampering economic progress.… Continue

Auto assemblers have experienced an extended period of contraction 4QFY23

According to Spectrum Research, Pakistan’s automotive industry has experienced an extended period of contraction, resulting in lacklustre sales and a significant decline in revenue.

The foremost automobile manufacturers have grappled with the formidable challenges posed by the economic slowdown, attributed in part to the depreciation of the rupee, restricted import policy, higher local vehicle prices, mounting POL product prices, record highest interest rates, decline in consumer financing from financial institutions, and per capita income.… Continue

Boskalis awarded large cable contracts for Baltica 2 offshore wind farm

Boskalis has acquired two contracts for the transportation and installation of the export and array cables for the Baltica 2 offshore wind farm off the coast of Poland. The two contracts have a combined value which is considered to be large(1) and they were awarded by a joint venture between PGE Polska Grupa Energetyczna and Ørsted, which are developing the Baltica 2 project.… Continue

Zong 4G and Sehat Kahani offer complimentary medical consultations for the underprivileged

Zong 4G, the leading telecom company in Pakistan, and Sehat Kahani, a pioneering digital healthcare platform, have extended their partnership to provide free medical consultations on the Sehat Kahani app. This exclusive partnership aims to combine the strength of technology and telecommunications to provide users with up to 10,000 free medical consultations, fostering improved healthcare access across Pakistan.… Continue

Pakistan cement dispatches increased by 37.04% during August 2023

Cement dispatches increased by 37.04% in August 2023. Total Cement dispatches during Aug 2023 were 4.518 million tons against 3.297 million Tons dispatched during the same month of last fiscal year. According to the data released by the All Pakistan Cement Manufacturers Association (APCMA), local cement dispatches by the industry during August 2023 were 3.793 million tons compared to 2.909 million tons in August 2022, showing an increase of 30.38%.… Continue

Pakistan urges to strengthen its food systems transformation process.

To transform Pakistan’s Food Systems to address food security challenges, the Government of Pakistan, in collaboration with the Global Alliance for Improved Nutrition (GAIN) launched the “Pakistan Subnational Food Systems Dashboard”. In this regard, Pakistan Agricultural Research Council (PARC), Ministry of National Food Security & Research (M/o NFS&R) and GAIN hosted the inauguration ceremony of the Pakistan Subnational Food Systems Dashboard (PSFSD).… Continue

Masarrat Misbah launches Signature Line of Fragrances Released

Masarrat Misbah, a pioneer of beauty products and well-being in Pakistan, hosted a star-studded event for her inaugural collection of Masarrat Misbah Fragrances: Lasting Impressions in Karachi this weekend. The event featured appearances by renowned celebrities and influencers, as well as distinguished guests from the media and business fraternity.… Continue

Bank Alfalah and ACE Money Transfer partner to facilitate overseas Pakistanis

Bank Alfalah, one of the leading commercial banks in Pakistan, strengthens its longstanding partnership with ACE Money Transfer, a leading fintech platform to enable overseas Pakistanis to remit money back home seamlessly. Bank Alfalah and ACE Money Transfer have proudly announced their collaboration with Babar Azam, Captain of the Pakistan National Cricket Team, who has joined them as a distinguished brand ambassador.… Continue

3rd day of 23rd ITCN Asia 2023: Caretaker govt committed to promoting IT Sector: Younus Dahga

The caretaker federal and provincial governments are committed to promoting the IT sector across the country to support the vision of the Special Facilitation Investment Council (SFIC) for strengthening the economy. This was stated by Younus Dahga, Minister for Finance, Planning, Development and Revenue — Government of Sindh while talking exclusively to the media on Saturday at the concluding day of the 23rd ITCN Asia: Declaring Pakistan the Regional Hub.… Continue