An MCB Bank sponsored team of 5 porters from the Hushe region, an under developed and poverty stricken area in Gilgit Baltistan (GB), successfully ascended the K2 Summit during a challenging first attempt, demonstrating their mountaineering acumen and ability. The 5 member team braved harsh weather and adverse climbing conditions to achieve the remarkable feat in just 20 days.… Continue
Likee, a pioneering global short video platform with headquarters in Singapore, is quickly becoming the platform of choice for users across Pakistan to identify new trends as it relates to humour, style, fashion, music, skin care and much more. Earlier this week, Likee celebrated its 4th anniversary of successful operations around the world.… Continue
Honda Atlas Cars (Pakistan) Limited held its corporate briefing session today to discuss the key outcomes of 4QMY21 and MY21 result. To recall, the company posted a PAT of PKR 896Mn (EPS: PKR 6.3) in 4QMY21, compared to LAT of PKR 29Mn (LPS: PKR 0.2) and PAT of PKR 752Mn (EPS: PKR 5.3) in 4QMY20/3QMY21, respectively.… Continue
Chairman of National Business Group Pakistan, President Pakistan Businessmen and Intellectuals Forum, and All Karachi Industrial Alliance, and former provincial minister Mian Zahid Hussain on Wednesday expressed concern over exchange rate erosion terming it damaging for the economy.
The rupee is weakening despite improved exports and remittances which is not good for the economy as the budget was planned to keep in mind the value of a dollar at Rs153 which has now climbed to Rs160, he said.… Continue
DP World Limited handled 19.7 million TEU (twenty-foot equivalent units) across its global portfolio of container terminals in the second quarter of 2021, with gross container volumes increasing by 17.6% year-on-year on a reported basis and 17.1% on a like-for-like basisز
Growth in 2Q21 accelerated with all regions delivering a strong performance, especially our terminals in India, Europe, Australia and Americas.… Continue
PAChem Global Pvt Ltd, after successfully commencing production at its petrochemicals plant in Faisalabad Industrial Estate, has begun exports to different countries. The plant is the largest of its kind in Pakistan with a production capacity of 35,000 metric tons per annum of Phthalic Anhydride.… Continue
Hashoo School of Hospitality Management, boasting an academic association with Sheffield Hallam University, UK, is the first licensed and the only hospitality degree programme in Pakistan offering a world-class education in hospitality, tourism and hotel management and a guaranteed job placement after the completion of the three-year degree within the Hashoo Hotels.… Continue
realme – a smartphone brand that has gained impeccable popularity amongst Gen-Zers and has become a name most synonymous with the youth, is set to maintain its reputation with the exciting announcement of their new campaign for realme C21 that would enable fans to meet their favourite online personalities ranging from the world of entertainment to tech.… Continue
ASUS, the worldwide Top 3 consumer NB brand, is expandingtheir market into Pakistan through local authorized partner Tech Sirat, a move that will further meet the demand in the world’s fifth most populated country.
The rapid growth of Pakistan’s technology ecosystem makes ASUS set their foot in the market.… Continue
Pakistan – Standard Chartered expects global growth to rebound to 5.8% in 2021 from -3.3% in 2020 as economies reopen and vaccination rollouts gain momentum. According to the latest Global Focus – containing the Bank’s economic forecasts for Q3 – it sees two key downside risks to the outlook: (1) a more extensive resurgence of pandemic cases resulting from new variants, which could force the extension or re-imposition of restrictions; and (2) a more sustained surge in inflation that damages consumer confidence and forces a swifter tightening of monetary policy.… Continue
· Market traded narrow range today, oscillating between -56pts and +237pts, closing the session +35pts (unadjusted). Central bank is due to announce monetary policy in the evening today, where street consensus is of no change, however, investors do anticipate cautious wording that will highlight tilt towards tightening.… Continue
Haleeb Foods Limited the pioneer dairy and beverages processor in Pakistan arranged a vaccination drive for its employees. A remote vaccination unit was organized with the support of Punjab Govt. This initiative was taken under HFL corporate social responsibility agenda for fighting against COVID.… Continue
Pakistan Telecommunication Company Limited (PTCL), national flagship carrier in the country and PAKSAT, the national satellite company have announced the signing of a strategic partnership to develop and deliver state-of-the-art integrated satellite services in addressing the ever-evolving national needs of private and public sector in Pakistan.… Continue
Easypaisa, Pakistan’s leading digital payments platform, has once again established itself as one of the country’s biggest brands by bagging seven accolades at the prestigious Effie Awards 2021. Easypaisa won 4 gold awards for its ‘Eidipaisa’ campaign in the categories of Seasonal Marketing, Topical Marketing, Marketing Disruptors and Finance categories, a gold and silver award in the Finance category for its ‘Every Number is Welcome’ and the ‘Phatta Note’ campaign respectively, as well as a bronze award for the ‘Easypaisa Raahi’ series in the Marketing Disruptors category.… Continue
S M Muneer, Iftikhar Ali Malik, Zubair Tufail and other leaders and members of UBG congratulated Imran Khan on the landslide victory of PTI in the AJK election. They said that this landslide victory proves the trust and faith the Kashmiri people have in the leadership of Imran Khan, who has been making his outstanding efforts to lead Kashmir to prosperity and right of determination.… Continue
- At its meeting on 27th July 2021, the Monetary Policy Committee (MPC) decided to maintain the policy rate at 7 percent. Since its last meeting in May, the MPC was encouraged by the continued domestic recovery and improved inflation outlook following the recent decline in food prices and core inflation.
Pakistan’s largest Digital Bank, Mobilink Microfinance Bank Limited (MMBL) announced its financial results for the first half of the fiscal year ending June 30, 2021. The Bank reinforced its market standing as the leading Digital Bank by posting a 98% growth in total revenue with the Profit before Tax (PBT) growing by 14601% compared to the first half of 2020.… Continue
Further bolstering its industry-leading international roaming portfolio that covers a majority of the countries across all major continents, Zong 4G, Pakistan’s leading mobile connectivity partner, has launched the Saudi Arabia international roaming bundle.
Under this especially economical Saudi Arabia international roaming offer, customers will get 35 call minutes and 1GB of data with a validity of 90 days for PKR 999+tax only.… Continue
According to Karachi Chamber Of Commerce & Industry, Mr. Imtiaz Ahmed Shaikh, Minister for Energy, Government of Sindh, will visit the Karachi Chamber to hold a meeting with members on Tuesday, 27th July, 2021 at 3:15PM.… Continue
Huawei Consumer Business Group has opened pre-bookings for its latest fitness band, HUAWEI BAND 6 for PKR 9,999- only. This is Huawei’s first ever smart sports band with a rounded rectangular face which encourages users to get into new forms of exercise through a variety of animated fitness courses, workout modes and scientific health tracking features.… Continue
With Texworld Evolution Paris – Le Showroom, Messe Frankfurt France was once again successful in this second edition, which took place from 5 to 9 July in a larger showroom format. more than 700 visitors from the textile and clothing sector from 34 countries answered the call, the majority of whom came from France (75%), but also from Spain, Belgium, the Netherlands and Germany.… Continue
ILMA went full speed ahead to organize a webinar on Becoming an Entrepreneur to open up vast and varied vistas for everyone. This in-demand session was held by the expert on the subject Mr Muhammad Nawaz Tunio, Associate Professor from Greenwich University.… Continue
An overview of ACCA’s regulatory activities for 2020 is published today, covering qualifications and examinations, developing ACCA’s continuing professional development framework, members’ licensing, monitoring work, and the investigation of complaints and discipline of members, affiliates, students and firms.
The report explains how the independent Regulatory Board, which provides general oversight of ACCA’s regulatory arrangements, works with the ACCA team to ensure arrangements are robust, transparent, proportionate and in the public interest.… Continue
Mobile services, from voice to video streaming, are on the rise across Asia. To support this growth, Telenor selected Oracle Communications Billing and Revenue Management, including Oracle Converged Charging to lay the groundwork for 5G and provide seamless charging and billing interactions for its 175 million subscribers in the region.… Continue
In a move to streamline salary disbursement of its workers from cash to digital branchless banking solution, Al Karam Textile Mills Pvt Ltd (AKTM) has partnered with U Microfinance Bank Limited (U-Bank) to provide factory workers a fast, safe and convenient channel to receive remuneration.… Continue