QNET, a global e-commerce based direct selling company, participated in a gala dinner and fundraising event at HiltonHabtoor Palacein Dubaito provide community support to Indus Hospital in Pakistan.

Pakistanis are one of the largest national groups in the UAE, constituting 12.5 per cent of the country’s total population, and they are very active in giving back to their original communities.… Continue

INTEGRA Biosciences has developed an extensive portfolio of electronic pipettes – available in single and multichannel formats – and pipetting robots for the straightforward transition from manual cell culture to automated workflows. The entire range is designed to offer enhanced control over pipetting speed and volume to improve the reproducibility of cell handling tasks and reduce the influence of user-induced variation.… Continue

Meezan Bank – the Best Bank in Pakistan has announced the provision of Transaction Banking services to Muller & Phipps Pakistan, the largest Pan-Pakistan cross industry Market Expansion Services provider with a history of 109+ years of doing business in the region.… Continue

The Karachi Port Trust handled 341,156 tons of cargo comprising 264,411 Tones of import cargo and 76,754 Tons of export cargo during last 48 Hrs ending at 0700 Hours.

TOTAL IMPORT CARGO:

The total import cargo of 264,411 comprised of 59,032 Tons of Containerized Cargo, 11,264 Tons of Bulk Cargo, 19,955 Tons of DAP, 19,670 Tons of Rock Phosphate, 6,909 Tons of Sugar, 25,374 Tons of Wheat and 122,207 Tons of Oil/Liquid Cargo.… Continue

Khushhali Microfinance Bank Limited (KMBL) is a leading financial institution in Pakistan, which recently organized another Corporate Social Responsibility (CSR) initiative, to celebrate the “International Day of Rural Women”. The bank salutes the resilience and contribution of rural women and believes that women in rural areas can increase their productivity and earnings by learning and developing new skills.… Continue

Pakistani telecom operator, Ufone has introduced a new ‘Weekly Heavy Internet’ package to fulfill the growing data needs of its customers. The company is now offering a generous 14GB data, powered by its thrilling 4G speeds to deliver a matchless user experience round the clock. … Continue

Huawei, a leading global provider of information and communications technology (ICT) infrastructure and smart devices, has announced a Cloud Consulting partnership with Abacus Consulting Pakistan, an innovative technology and consulting company.An MOU to establish thepartnership was signed at GITEX Global in Dubai by Frank Dai, President of HUAWEI CLOUD Middle East and Fatima Asad – Said, CEO of Abacus Consulting.… Continue

Federal Board of Revenue (FBR) Chief Commissioner Inland Revenue Tariq Mustafa said that it is not the policy of FBR to impose more burden on the taxpayers. We will introduce a new and efficient system replacing IRIS in which all kinds of taxes can be easily paid in one place.… Continue

· As the news of resumptions of dialogue with IMF team relayed, investors’ concerns over the package started dissipating, causing the Index to make an upward swing. The index posted a total gain of 934pts, closing the index +850pts (unadjusted). Cement, Technology, Banks, Fertilizer stocks remained in the limelight.… Continue

Pakistan Tourism Development Corporation (PTDC) is the premier government body at the federal level that is mandated to develop and promote tourism in the country. PTDC has taken a number of steps to market the true potential of Pakistan’s tourism industry and create enabling environment for the domestic and international tourists.… Continue

Rider, a tech-led last mile delivery partner for e-commerce retailers, has raised US$2.3 million in a seed round led by venture capital (VC) firm Global Founders Capital, Fatima Gobi Ventures and Asian Development Bank. TPL E-Ventures and Transhold also participated. The Karachi-based B2B2C service was launched in 2019 by Salman Allana, who was previously head of strategy and business development at UPS Pakistan and assistant vice president at Citi Bank.… Continue

Huawei has announced the launch of its annual smartphone photography competition – the NEXT-IMAGE Awards for 2021, as the world’s largest contest of its kind. The theme of this year’s NEXT-IMAGE Awards is “Better Together”. Photography enthusiasts in Pakistan are also invited to compete globally, by submitting their photographic and video masterpieces, for the chance to win one of 70 amazing prizes, including the new HUAWEI P50 and cash prizes up to $10,000.The… Continue

Attock Petroleum Limited (APL) is scheduled to announce its 1QFY22 financial result on October 21st, 2021. The company is expected to record a PAT of PKR 2,177mn (EPS: PKR 21.87) in 1QFY22, massively up by 47% YoY and 73% QoQ. Topline is expected to increase by 51% YoY on the back of increasing product prices and volumetric growth of 17% YoY (MS, HSD and FO volumes increased by 27%, 41% and 13% YoY).… Continue

Pakistan Oilfields Limited (POL) is scheduled to announce its 1QFY22’s financial result on 21st Oct’21. We expect the company to post earnings of PKR 5,706mn (EPS: PKR 20.10/share) vis-à-vis PKR 3,629mn (EPS: PKR 12.78), climbing up by 57% YoY. The surge in profitability comes on the back of hefty jump in realized oil prices by 68% YoY.… Continue

Expect the market to trade in a range amid ongoing political and economic anxiety, where IMF talks are still in progress while expectations are high for the resumption of US$6bn extended fund facility. Moreover, Pakistan may remain on the FATF Grey List for another four months.… Continue

As part of celebrations of Eid Milad-un-Nabi (PBUH), the Embassy of Pakistan organized a Mehfil-e-Milad at Pakistan Embassy School Ankara on Tuesday evening. Turkish dignitaries, members of the Pakistani community, teachers and students of Pakistan Embassy School Ankara (PEISG) and officials of the Embassy participated in the event.… Continue

With biggest sale of the year just three weeks away, Pakistan’s leading e-Commerce platform, Daraz expands its operational capacity to prepare for 11.11.

As online shopping continues to grow with businesses moving to brick and click models due to pandemic, this year, consumers appear eager to return to the big holiday spending season.… Continue

Pak Suzuki Motor Company Limited (PSMC) is estimated to post a profit after tax of Rs793mn (EPS PKR9.63) in 3QCY21, as compared to a net loss of PKR137mn (LPS: PKR 1.66) in the SPLY. The massive increase in profits can be associated with healthy growth in unit sales up by 120%YoY to 38.4k amid the reopening of economic activities and lower consumer financing rates.… Continue

Experts estimate Indus Motor to post PAT of PKR4,762mn (EPS: PKR60.59) compared to PKR PKR1,846mn (EPS: PKR 23.48) in the corresponding period last year, depicting the massive increase of 1.58x YoY owing to an increase in sales volume by 33%YoY, the last year sales volume was depressed due to covid-19 pandemic.… Continue

Syntax Communications, a part of the Synergy Group and the sole local affiliate of top global public relations agency Edelman, has named Khurrum Pervaiz as its first Chief Growth Officer. In his new role, Khurrum will lead the transformational growth and accomplishing strategic initiatives for the agency and will report to Synergy Group COO Faheem Ahmed.… Continue

Mian Nasser Hyatt Maggo, President FPCCI, has expressed his profound concerns over surging and unbearable food inflation in the country; and, the resultant unrest among the masses. He added that edible oil prices are one of the biggest contributors to the skyrocketing food inflation in the country.… Continue

The Karachi Port Trust handled 356,102 tons of cargo comprising 206,624 Tones of import cargo and 249,478 Tons of export cargo during last 48 Hrs ending at 0700 Hours.

TOTAL IMPORT CARGO:

The total import cargo of 206,624 comprised of 76,166 Tons of Containerized Cargo, 14,549 Tons of Bulk Cargo, 14,388 Tons of DAP, 8,432 Tons of Rock Phosphate, 3,531 Tons of Sugar, 28,972 Tons of Wheat and 60,586 Tons of Oil/Liquid Cargo.… Continue

The country’s leading telecom and ICT services provider,Pakistan Telecommunication Company Limited (PTCL), posted a significant 7.3%growth in its revenues, owing to a robust commercial strategy that cements its market standing.

The company has announced its financial results for thenine months period ended onSeptember 30,2021 at its Board of Directors’ meeting on October 18, 2021.… Continue

In connection with drainage, where there are more problems, special attention will be paid and new lines will be laid as required. These views were expressed by Najmi Alam, Vice Chairman, Karachi Water and Sewerage Board (KWSB) during a visit to the Korangi Association of Trade and Industry (KATI).… Continue

Byco Petroleum Pakistan Limited (BPPL) has won the Best Place to Work Award2021 at an event in Karachi. The event was organized by the Pakistan Society of Human Resources Management (PSHRM) and Engage Consulting with more than 100 organizations. Byco Petroleum secured the top honor as the Best Place to Work in the energy/oil and gas industry.… Continue