Special Envoy for Biodiversity and Water Resources Monica Medina will travel to Islamabad and Karachi, Pakistan, March 15-17 to participate in the U.S.-Pakistan Climate and Environment Working Group. She will address climate and environmental issues of concern including climate smart agriculture, water management, air quality, conservation, and plastic pollution.… Continue
Standard Chartered Bank and British Deputy High Commission celebrate Women’s Day
Standard Chartered Bank Pakistan Limited (SCBPL) in partnership with the British Deputy High Commission (BDHC), Karachi organised an event to celebrate International Women’s Day with clients, partners and employees.
A panel discussion was held to focus on “DIGITALL: Innovation and technology for gender equality” led by Khadija Hashimi – Head, CABM AME and Country Head Pakistan SC, Ziana Sakhia – CEO Bechlo.Pk,… Continue
Nestlé Pakistan to plant 100,000 trees this year
Nestlé Pakistan will be planting 100,000 trees this year around its operational areas to support its endeavors to reduce carbon footprint in its ambition to achieve net zero by 2050. To kickoff, Nestlé donated 5,000 trees to Parks & Horticulture Authority (PHA) for a plantation drive at Jilani Park, Lahore under its employee volunteer program – Nestlé Cares.… Continue
Careem removes ‘peak charge’ on bikes and rickshaws amid high inflation
Careem, the leading ride-hailing service in Pakistan, announces to remove ‘peak charge’ on its bikes and rickshaws categories across Karachi, Islamabad and Lahore. The initiative is taken in light of the recent economic situation in Pakistan where inflation and global fuel prices are at an all-time high. … Continue
The PSX witnessed a mixed session today
· The PSX witnessed a mixed session today. The benchmark KSE-100 opened in the green but traded both ways as the index remained choppy throughout the trading period as investors opted to remain cautious on account of the further delay in signing the Staff Level Agreement between the government and IMF along with the prevailing political uncertainty crushing investors’ confidence.… Continue
APLF Dubai 2023 opens on March 13
Support for APLF has been forthcoming from the China Leather Industry Association (CLIA) and other regional leather and footwear associations in China as the country gears up for its return to the international business platform offered by APLF. The Chinese regional associations that supporting the APLF Dubai are:
The Association of Guangdong Shoes Manufacturers, Guangdong Shoes Materials Association, Guangzhou Footwear Association, Guangzhou Huadu District Shiling Town People′s Government, Guangdong International Trade Company Limited, Fujian Province Jinjiang City Foreign Trade Co Ltd, Shangdong Province Linyi Small and Medium Enterprise Bureau, and the Hebei Province Baoding Baigou New Town Administration Committee.… Continue
Emirates ramps up operations across continents
Emirates has boosted operations by 31% (total ASKMs) since the start of its financial year and has further plans to ramp up seat capacity in its latest published northern summer schedule starting 26 March 2023.
In the past months, the airline has planned and executed the rapid growth of its network operations – reintroducing services to 5 cities; adding 251 weekly flights onto existing routes; and continuing the roll-out of service enhancements in the air and on the ground.… Continue
United States partners with Pakistan to help farmers improve fertilizer use
United States Ambassador to Pakistan Donald Blome today joined Dr. Ghulam Muhammad Ali of the Pakistan Agriculture Research Council (PARC) at the National Agriculture Research Center (NARC) to announce the $4.5 million “Fertilizer Right” project. To be implemented over the next four years, the project will emphasize practices to help Pakistani farmers enhance fertilizer use efficiency.… Continue
Spotify hosts fans at the first ever gig in Pakistan under “Pakka Hit Hai” flagship
Spotify celebrated the launch of the fresh identity of Pakka Hit Hai, the flagship and one of the most loved playlists of the audio streaming service in Pakistan, by inaugurating Spotify’s first series of musical performances under, ‘Pakka Hit Hai Gigs’ in Pakistan, with the first show featuring Abdul Hannan and Taha G, two of the youngest vocal sensations among many artists who have been featured on the signature playlist.… Continue
Ashfaq Tola for unity, political stability to pull economy out of crises
State Minister and Chairman of Reforms & Resource Mobilization Commission (RRMC) Ashfaq Tola has said that Pakistan had been into serious economic crises in 1998, 2008 and 2013 but came out successfully due to strong unity exhibited by everyone along with political stability which was the only way forward to pull the country out of current economic crises.… Continue
Policymakers and industrial experts discuss localisation for growth at a national policy dialogue
In collaboration with Nutshell Group, K-Electric Limited jointly hosted a National Policy Dialogue on Localisation for growth at a local hotel in Karachi. The dialogue addressed the urgent need to explore options for indigenisation and sourcing materials from local avenues for Pakistan to build a resilient economy.… Continue
The United States advances women’s inclusion in Pakistani policing.
The U.S. Embassy in Pakistan hosted the National Women Police Conference today at the Serena Hotel in Islamabad. Funded by the U.S. government, the conference united key stakeholders in policing and women’s rights under the theme of “Inspire, Empower, and Transform.”… Continue
Finland and Pakistan business communities come together to expand business cooperation.
Pakistan Business Council (FPBC) organised the 10th edition of its legacy Finland Pakistan Business Summit 2023. This year, the summit primarily focused on expanding cooperation in the energy and education sectors to boost bilateral trade, investment, and exchange of technical expertise for shared growth and development.… Continue
Pakistan automobiles – Car sales down 47% MoM last month
Pakistan car sales (including sales of Non-PAMA members) clocked in at ~6.4k units, down 47% MoM, which is the lowest sales since May-2020 due to the non-availability of CKD parts amid LC issues which led to non-production days. On a YoY basis, Car sales are also down 73% YoY.… Continue
Food imports from India should be allowed: Mian Zahid Hussain.
On Monday, the Chairman of National Business Group Pakistan, President of Pakistan Businessmen and Intellectuals Forum, All Karachi Industrial Alliance, and former provincial minister Mian Zahid Hussain said Pakistan should try to develop trade relations with India. He said India should also learn that Pakistan’s economic problems will only last a while.… Continue
foodpanda Partners with FMD to offer free doctor consultations to riders
foodpanda, Pakistan’s leading food delivery platform, has announced a new partnership with Find My Doctor (FMD) to provide health services to its riders. Under this partnership, FMD will offer free online doctor consultations, discounts on lab testing rates, and medicine delivery services to foodpanda riders.… Continue
A positive session was recorded at the PSX today.
· A positive session was recorded at the PSX to begin today’s week. The market opened in the green zone and traded with positive sentiments as bulls derived the index to make an intraday high of 497.90 points in hopes of getting the SLA agreement signed between the government and IMF on Monday or Tuesday as stated by the finance minister.… Continue
ILMA University hosted a dinner in honour of Madam Faryal Talpur.
Ms Mahwish Faraz & MMrFaraz Abid Lakhani, President of ILMA University and Special Assistant to the Chief Minister of Sindh on Commerce, hosted a dinner in honour of the Member Provincial Assembly of Sindh & President Women Wing of Pakistan Peoples Party, Madam Faryal Talpur.… Continue
“Pak China, joint Agriculture Laboratory, will be established under CPEC: PCJCCI President.”
Moazzam Ghurki, President of Pakistan China Joint Chamber of Commerce and Industry (PCJCCI), said during a meeting held at PCJCCI Secretariat on Monday that under the framework of CPEC, a joint agriculture laboratory should be established to help make ware and improve the agriculture sector by technology transfer for the increase of cultivation and production.… Continue
The economy suffers due to bad politics in the country.
On Monday, the Pakistan Economy Watch (PEW) said Pakistan’s major problem is not a bad economy but bad politics. The public is being dealt with harshly, and their buying power has been eroded while the wealth of the upper class is continuously increasing, it said.… Continue
Headstart provides female entrepreneurs with a platform.
Young female entrepreneurs were provided with a platform to showcase their products during a spring festival held at a local school. The event was organized by Headstart School, Gulmohar Campus, in which many students, their parents, teachers, and female entrepreneurs participated.… Continue
KATI’s recommendations will be presented to the Prime Minister, Khalid Maqbool Siddiqui
Convener of Muttahida Qaumi Movement Pakistan Dr. Khalid Maqbool Siddiqui says that there is an intention to create 2 industrial and economic zones in Karachi. A policy is being prepared for the promotion of the export industry. He expressed these views while addressing the Korangi Association of Trade and Industry (KATI).… Continue
Digital Pakistan by Dr. Imran Batada launched at IoBM
The book “Digital Pakistan” by Dr. Imran Batada was launched at the Institute of Business Management (IoBM), Karachi on Saturday, March 11, 2023. The book offers a complete digital media guideline for policymakers, industry professionals, and students to move forward, transform, and contribute to the GDP of Pakistan.… Continue
Technical Barriers to Trade: New DG PSQCA has promised a proactive approach
Mr. Irfan Iqbal Sheikh, President FPCCI, has apprised that in a detailed meeting with the newly-appointed Director General of Pakistan Standards& Quality Control Authority (PSQCA), the apex body of the trade & industry has raised the longstanding & unresolved issues vis-à-vis Technical Barriers to Trade (TBTs).… Continue
Stop taxing the poor: Atif Ikram.
On Saturday, former Vice President of FPCCI Atif Ikram Sheikh said that the taxation on the poor should be stopped, and the deficit should be met by taxing the rich. Poor do not have enough money to pay further taxes. At the same time, the rich can easily afford additional taxes but are not being ordered, which is sad, he said and added that the economy is in ruins and the life of the common man has become miserable.… Continue