Bilal Lakhani, a PR industry veteran, who started his Communications career in Karachi, Pakistan has won the PR 40 Under 40 Award by PRWeek, one of the highest honors in the industry globally. PR 40 under 40 recognizes individuals who are redefining the role of communications, PR and marketing.… Continue
During 1HCY21, EFERT sold Urea of 1.11mn tons, up 10% yoy, amid better farm economics and purchasing power of farmers. However, DAP offtake in 1HCY21 declined by 5% yoy to c.125,000 tons. The company expects Urea production in CY21 to be around 2.0mn tons.… Continue
new study has shown that Pakistan’s internet population is now at 54% in 2021 with almost half accessing the internet everyday E-commerce fuels online economy and over a third of Pakistan’s internet users have bought online at least once
Today, for the first time, Google and Kantar shared new research about the digital population in Pakistan.… Continue
ILMA took to the virtual platform to speak out on the topic of Reduced Inequalities which is the Sustainable Development Goal # 10. It was a bold step taken by the University to organize an impactful virtual session on this highly sensitive issue.… Continue
Fauji Fertilizer Bin Qasim Limited (FFBL) announced its 2QCY21 result today, where the company reported a positive bottom-line of PKR 2.6Bn (EPS: PKR 2.0), a remarkable turnaround from the loss of PKR 1.2Bn (LPS: PKR 0.9) in 2QCY20. This takes the 1HCY21 earnings to PKR 3.9Bn (EPS: PKR 3.0) as opposed to a loss of PKR 4.2Bn (LPS: PKR 3.3) in SPLY.… Continue
Today, the United States was pleased to donate three million doses of the life-saving Moderna COVID-19 vaccine to the Government of Pakistan for distribution to the Pakistani people. These vaccines were delivered in partnership with the COVAX facility and UNICEF.
This donation is part of the 80 million doses the United States is sharing with the world, delivering on our pledge to facilitate equitable global access to safe and effective vaccines, which are essential to ending the COVID-19 pandemic.… Continue
Infinix, a leading smartphones brand has partnered with ‘Free Fire’ – a globally popular digital gaming platform. This resourceful collaboration will promote Esports among the Pakistani youth, as the youngsters around the world are passionately engaging in this thrilling new entertainment activity.… Continue
Pakistan Telecommunication Company Limited (PTCL) has signed a strategic contract with Whale Cloud Technology for the transformation of its mission critical Charging and Billing platform.
Nadeem Khan, Acting CEO & Group CFO, PTCL & Ufone and Chen XiaoWei, President South Asia, Whale Cloud Technology, signed the contract during a ceremony held at PTCL HQ, Islamabad.… Continue
Shell Pakistan Limited collaborated with Uber and Muawin by Cashew Financial Services, to deliver a fuel management solution with unparalleled features to Uber partner drivers.
Through this collaboration, Uber partner drivers will get access to fuel financing from Muawin by Cashew Financial Services, to fulfill their mobility needs at Shell.… Continue
· Market lost another 363pts during the session today, however, covered a lot of ground and ended the session -6pts (unadjusted). Banks, E&P, Cement, Power and Technology sectors saw selling pressure on the concern of lockdown as well as rollover positions, whereby investors preferred selling in ready market and bought futures.… Continue
Farah Naz has joined Falcon-i, Pakistan’s leading IoT fleet management company, as the first female Managing Director since the company’s inception. An alumna of the Institute of Business Administration (IBA), Ms. Naz joins Falcon-i from the energy sector and is looking to take the company to new heights.… Continue
Nestlé Pakistan’s revenue for the first half of the year was recorded at Rs. 65.8 billion, 12.7% higher compared to the same period last year. The revenue growth was broad based supported by investments behind the brands, new product launches and pricing management.… Continue
AAA Associates, a leading group of Companies, has announced completion of 6 out of 9 construction projects within a record period of 6 years. The remaining 3 Projects are under construction, to be completed within a year. AAA Associates holds great trust among the investors primarily because of the timely deliverance, acquiring land at prime location, designing and construction of state-of-the-art residential and commercial buildings with unparalleled amenities.… Continue
Board of Directors of Engro Fertilizers Limited (“the Company”), in their meeting held on July 29, 2021, at 10:00 a.m. through the video-link facility, reviewed and approved the unaudited consolidated and standalone financial results of the Company for the six months ended June 30, 2021, and recommended the following:
An interim Cash Dividend for the second quarter ended June 30, 2021, at Rs.… Continue
Careem, the Super App for the greater Middle East and Pakistan, has recently announced its partnership with Jazz, Pakistan’s number one 4G operator and the most prominent internet and broadband service provider. This partnership allows Careem access to Jazz’s campaign management tools and provides its colleagues and restaurant merchants with GSM cellular service.… Continue
The state-owned Oil and Gas Development Company Limited (OGDCL) has informed Pakistan Stock Exchange (PSX) that it being the operator of Wali Exploration Licence with 100% working interest, has made a gas and condensate discovery over Kawagarh Formation from its exploratory efforts at well Wali # 01, which is located in FR Lakki, Khyber Pakhtunkhwa Province.… Continue
As per the latest numbers released by NFDC, urea offtake declined by 41% YoY to 0.69Mn tons in Jun’21 due to high-base effect (1.2Mn tons in SPLY).
To recall, sales crossed the 1.0Mn mark in Jun’20 amid clarification on the subsidy front and pre-buying by dealers in anticipation of hike in gas prices.… Continue
· Market tumbled in later part of the session today, which brought the index down by more than 400pts and closed the session -369pts. Concerns over latest COVID lockdown and probe by the regulator on account of unusual price movement in certain stocks brought the market under selling pressure and became the major reasons for sentiment weakness.… Continue
Karachi Port Trust (KPT) said today that the de-bunkering of barge Heng Tong 77, grounded at Sea View beach in Karachi, commenced at 0600 hours. KPT’s Marine Pollution Control Department along with port authority ambulance, Port Fire Department and Port Security Force deployed around site.… Continue
Mian Nasser Hyatt Maggo – President FPCCI – has welcomed an august gathering of e-commerce trainers and practitioners at Federation House to educate and train the businessmen and entrepreneurs on getting started and profitably selling globally through Amazon’s platform.
FPCCI Chief expressed his satisfaction that top talent from Pakistan and beyond have attended the seminar and made their presentations based on real-world practices and success stories.… Continue
Mian Nasser Hyatt Maggo President Federation of Pakistan Chambers of Commerce and Industry while commenting on the recently announced monetary policy said it is the continuation of the contractionary monetary policies adopted by the State Bank of Pakistan since over a year.… Continue
Engro Fertilizer Ltd. (EFERT) is scheduled to disclose the financial result for the period 1HCY21 on 29th Jul’21, where we expect the company to post a Profit after Tax of PKR 10,279mn (EPS: PKR 7.69) compared to PKR 4,457mn (EPS: PKR 3.34) in 1HCY20, showing a massive jump of 2x YoY.… Continue
Overseas Investors Chamber of Commerce and Industry (OICCI), the collective body of top 200 foreign investors in Pakistan, released the results of its latest Annual Security survey 2021, covering feedback on the security environment in the commercial centers of Pakistan. The survey was conducted from May 21st till June 21st.… Continue
The industries of Sindh particularly of Karachi are highly aggrieved and perturbed by the controversial move of the Sindh Government to increase Minimum Wage from Rs17,500/- to Rs25,000/- without following due process of law and in contrary to the provisions of Sindh Minimum Wage Act 2015 and ILO’s minimum wages fixation convention 1970 which have deprived the industries of Sindh from level playing field not locally but also globally making them uncompetitive and unviable to operate due to exorbitant upshot in the cost of manufacturing as wage is the major component in the cost.… Continue
Pak-Qatar Takaful recently signed an agreement with Mutex Systems for VDI Solution by Sangfor. With this solution, users can access their desktops virtually from any device or location, where all processing will be done on a host server. This will allow PQT to further minimize risk and enhance security protocols.… Continue