The Karachi Chamber of Commerce & Industry (KCCI) and the National University of Technology (NUTECH) will be signing a Memorandum of Understanding (MoU) on Monday, 2nd October 2023 at 3:45PM at KCCI for the establishment of NUTECH Karachi Campus.
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Zong 4G is excited to celebrate cultural diversity and togetherness by introducing China Roaming Prepaid Bundles on China’s National Day on October 1st and the upcoming Mid-Autumn Festival. These bundles bridge geographical distances and embrace the rich tapestry of global traditions and celebrations, reflecting Zong’s commitment to connecting people across borders.… Continue
The ‘Right To Protein’ initiative of the U.S. Soybean Export Council (USSEC) introduced the ‘Pakistan Protein Perception Study 2023′. The nation-wide survey conducted by YouGov assessed citizens’ knowledge, behaviour, and perceptions about protein foods in Pakistan. The study highlights the practical challenges that pose as a barrier to adequate protein consumption in Pakistan.… Continue
In the face of the persistent threat posed by COVID-19, our collective resilience shines brighter than ever, stated Dr. Saboora Waris, Associate Director, at Maroof International Hospital. Today, we come together to underscore three critical facets that demand our unwavering attention and action: the relentless presence of COVID-19, the pivotal role of clinical trials in shaping our defense, and the opportunity for free COVID-19 treatment that empowers us all.… Continue
Governor Punjab, Muhammad Baligh Ur Rehman, paid a visit to the Jazz Digital Park, Pakistan’s largest Tier 3 certified data center, in Islamabad. During the visit, he highlighted the vast potential for growth in Pakistan’s IT sector besides the immense need for digitalization of the country’s education sector.… Continue
Mr. Faraz Lakhani, President of ILMA University and former Special Assistant to the Chief Minister, hosted a prestigious dinner in honour of Ms Mahwish Faraz, Vice Chairperson of ILMA University, and Mr. Noman Abid Lakhani, T.I. Chancellor of ILMA University to congratulate them for their appointment as Member HEC and Member SHEC by the Prime Minister and Chief Minister respectively.… Continue
AAA Associates Announces Strategic Partnership with Valor Hospitality Partners GCC. In a strategic move that underscores its commitment to enhancing the hospitality landscape in Pakistan, AAA Associates has entered into a significant partnership with Valor Hospitality Partners. The collaboration was cemented with signing a Hotel Management Agreement (HMA) for a luxurious 5-Star Hotel and Residences situated in the mixed-use development, AAA Octa 2, Karachi.… Continue
Despite the dismal economic circumstances, external account pressures, highest-ever inflation reading in FY23, and lower demand across major sectors, the profitability of the KSE-100 index showcased an upward trend, posting a healthy growth 20.6% YoY in FY23 and 70.3% YoY in 4QFY23.… Continue
The Korangi Association of Trade and Industry (KATI) recently convened its Annual General Meeting, drawing distinguished members and luminaries from the industrial sector. The event celebrated the exceptional service of President Faraz-ur-Rehman, who was commended for his dedicated leadership and commitment to KATI’s growth.… Continue
Sui Northern Gas Pipelines Ltd (SNGPL) is Pakistan’s largest integrated gas utility company and plans to establish a Poly Ethylene Line Pipe Manufacturing Facility in the country. The project is part of a business diversification project of the gas utility, according to an announcement of the Company.… Continue
Nishat Chunian Limited (NCL) announced its 4QFY23 results yesterday, where the company posted an unconsolidated NPAT stood at PkR0.44bn (EPS: PkR1.9) compared to PkR389mn (EPS: PkR1.6) in the previous quarter. The earnings posted by NCL are substantially higher than our estimates.… Continue
· Oil prices have continued their upward march ever since the advent of the fiscal year, with WTI/Brent currently at US$94.6/97.3 per bbl (up 34%/30% FYTD)
· An overall bearish sentiment to demand and US Fed’s hawkish view of the energy markets could keep demand view in check
· Persistently high oil prices affect emerging market economies through impacts on budget/external balances, inflation, and subsequently monetary policies.… Continue
Jazz, Pakistan’s leading digital operator, inaugurated its state-of-the-art Regional Office, ‘the Digital House,’ on University Road in the vibrant city of Peshawar. Embodying the Jazz identity, this state-of-the-art office boasts an innovative design with spaces geared towards providing a healthier work environment.… Continue
Are you ready to own a piece of BMW’s prestige right at your doorstep within three days? If the idea of experiencing the spirit of BMW through a smartphone intrigues you, you’re in for a treat. In this article, we’ll guide you on how to order the Infinix NOTE 30 VIP, a smartphone that encapsulates the essence of BMW, topping off with 50W wireless charging technology.… Continue
In a ground-breaking development, Pakistan is setting a new standard for labour rights in South Asia through comprehensive legislation to protect and recognise homeworkers. While the implementation phase is yet to be realised, the recent work on the Homebased Workers Act in Sindh province (2018) has been followed by similar enactments in Punjab (2023), Baluchistan (2022), and Khyber Pakhtunkhwa (2021).… Continue
According to Arif Habib Ltd Sales, OGDC PA and PPL PA announced that they are seeking a foreign investor for the Reko Diq project.
The research house, in a brief note on PSX performance said today:-
· Failure to ignite in the last session of the week (-0.4% WoW) and month (+2.7% MoM) but still maintaining 46k.… Continue
LUMS hosted the groundbreaking ceremony of its first green building, ‘Yusuf H. Shirazi Complex’, named after the former Chairman of Atlas Group and one of the founding members of LUMS. The Complex will be a hub of research, innovation and intellectual exchange at the University and house high-impact centres collaborating with industry and government to address the grand challenges of South Asia.… Continue
Oil & Gas Development Company Limited (OGDC) announced its financial result today, posting a highest ever profit after tax of PKR 224,619mn (EPS: PKR 52.23) during FY23 compared to PKR 133,784mn (EPS: PKR 31.11) in FY22, showcasing a jump of 68% YoY.… Continue
TikTok’s #GhoomoPakistan initiative, launched to showcase Pakistan’s hidden treasures, rich culture and stunning landscapes, has concluded with resounding success, amassing a staggering 2.3 billion video views during the two-month long campaign.
The campaign enthralled audiences with exciting content that highlighted travel experiences from all provinces of Pakistan.… Continue
The Member of Election Commission of SITE Association of Industry (SAI) Zulfiqar Ahmed Chaudhry declared unanimously elected (unopposed) Muhammad Kamran Arbi as President, Muhammad Hanif Ayoob (Tawakkal) as Senior Vice President and Muhammad Farhan Ashrafi as Vice President at the 59th Annual General Meeting (AGM) of SAI chaired by Chief Coordinator and former President SAI Saleem Parekh.… Continue
Mobilink Bank and the United Nations Entity for Gender Equality and the Empowerment of Women, Pakistan (UN Women Pakistan) signed a Memorandum of 
Understanding (MoU) to ignite a transformative wave across Pakistan’s socio-economic landscape, with a steadfast commitment to advancing gender empowerment and revolutionising the financial ecosystem.… Continue
Pakistan National Shipping Corporation (PNSC) Group achieved record-breaking net profit after tax amounting to Rs. 30 billion during the year 2022-23 as compared to Rs. 5.6 billion during the preceding year.
The Board of Directors of PNSC, on Wednesday, 27th September 2023, announced the financial results for the year ended June 30, 2023.… Continue
Bank Alfalah Islamic, the leading Islamic banking institution, is reappointed as a Joint Financial Advisor (JFA) to the Ministry of Finance for 5 years, reinforcing its status as the sole Islamic Banking window among esteemed JFAs, dedicated to provide advisory services for the issuance of Government of Pakistan Ijara Sukuk, Green Sukuk and any Shariah compliant instrument.… Continue
OPPO, a global leader renowned for its cutting-edge technology and innovation, is thrilled to announce a groundbreaking partnership with Jazz, Pakistan’s leading digital communications company, and the prestigious National University of Sciences and Technology (NUST) 5G Research Lab. This alliance marks a historic moment in Pakistan’s technological landscape, solidifying OPPO’s commitment to driving innovation and spearheading technological advancements in the country.… Continue
ACCA (the Association of Chartered Certified Accountants) hosted a large-scale corporate conference here in Faisalabad today on the theme ‘Being Bold: 
Shaping a Sustainable Future in Uncertain Times’ featuring the country’s top business and thought leaders and policymakers.
This ground-breaking event brought together thought leaders, experts, and professionals from diverse sectors to discuss and deliberate on crucial topics surrounding Sustainability, Ethics, Leadership, Future-Ready Talent, and Digital Transformation.… Continue