PSX receives 17 EOIs from local and foreign investors for equity stake

Pakistan Stock Exchange Limited (Formerly: Karachi Stock Exchange Limited) [“PSX”] has received an overwhelming feedback from foreign as well as local investors in response to its invitation for Expression of Interests (EOIs) for acquiring equity stake in PSX.

 
 

Divestment Committee of PSX, constituted by SECP towards the end of February 2016 in pursuance of provisions of Stock Exchanges (Corporatization, Demutualization and Integration) Regulations, 2012, was mandated to oversee and complete the process for divestment of PSX’s 40% equity stake to local and/or international investors.Continue

KATI urged government to take any possible effort to capitalize GSP Plus status

President of Korangi Association of Trade & Industry (KATI) Zahid Saeed has asked government to take every possible step to capitalize GSP Plus status. In a statement, he said that after getting Generalized System of Preference(GSP) Plus status for EU, the 90 pc of Pakistani products get access without duties in 28 European countries, and our exports increased due to this status.Continue

Telenor Pakistan automates milk collection network in partnership with Engro Corp

Strengthening its position further as the country’s most preferred digital services provider, Telenor Pakistan has partnered with Engro Corporation to automate the nationwide milk collection network. The project aims to facilitate Pakistan’s dairy farmers in collection of payments for their yield by digitizing the traditional manual transactions that are tedious and unsecure.Continue

Inspector General Police – Sindh, A.D. Khowaja visits KCCI

Inspector General Police – Sindh, A.D. Khowaja, while highlighting some of his targets for the next three months, informed that his first and foremost objective was to depoliticize police department and promote merit. Hence, in order to attain this particular objective, police officers will now be recruited purely on the basis of merit with the assistance from the army and only after successfully qualifying in NTS examination.Continue

Meeting with Chairman PEMRA

A group photo from left to right shows Syed Ibne Hassan, Vice President / Spokesman-NBP National Bank of Pakistan; Mr. Absar Alam, Chairman PEMRA and S.M. Sibtain Naqvi, General Secretary, Pakistan Heroes Welfare Organization.

 … Continue

PTCL Officials visit KATI

President KATI Zahid Saeed presenting shield to EVP PTCL Mubashir Naseer CH. Syed Wajid Hussain, Zubair Chaya, Farrukh Mazhar, Zaki Ashraf, Raza Husnain and Mirza Umair Iqbal also present on the moment.
Continue

Pervaiz Rashid appreciates services of Imran Gardezi

Minister for Information, Broadcasting and National Heritage (IB&NH) Senator Pervaiz Rashid on Friday while appreciating outgoing Secretary Information Syed Imran Gardezi said that he was a very efficient and honest officer who was retiring from the service with respect, honour and dignity.Continue

Dawlance Partners with Yayvo.com to Offer Discounts

In a bid to enhance online customer experience for its existing and potential customers, Dawlance the No.1 home appliance brand of Pakistan has partnered with retail delivery service Yayvo.com to offer exciting discounts. Online customers will be able to avail exclusive discounts on products such as microwave ovens, air-conditioners and other home/kitchen appliances.Continue

KATI welcomes new CM Sindh

Petron in chief of Korangi Association of Trade & Industry (KATI) SM Muneer, President Zahid Saeed, Senior Vice President Saleem Uzzaman and Vice President of the Korangi Association Syed Wajid Hussain congratulated Murad Ali Shah for his election as Chief minister Sindh in a statement.Continue

Faysal Bank launches Titanium Card

One of the leading banks in Pakistan, the Faysal Bank Limited (FBL) has launched the Faysal Bank Titanium Card at a local hotel in Karachi today. It is developed for the affluent cadre of society. Mr. Fouad Farrukh, Head Retail Banking, Syed Iftikhar UL Haq, Head Consumer Finance, and Fahad Ullah Khan, Head of Unsecured Business, along with marketing and other management team members of FBL were also present at the launch ceremony.Continue

Telenor and Careem announce partnership

In line with its commitment to facilitate customers’ lives, Pakistan’s premier telecom services provider Telenor Pakistan has joined forces with Careem to provide discounted rides to Telenor customers. Under the agreement, Careem will provide 35% discount to Telenor customers on their first ride.Continue

Engro Powergen to train 200 locals

Engro Powergen Thar Limited and Descon Technical Institute (DTI), in a collaborated effort to make the Thar Dream come to life, signed an agreement on July 20th, 2016 to conduct on-site scaffolding training of 200 locals. This will serve as a great opportunity for the people of this region to become more involved with the Thar Coal Project which will be a game changer for Pakistan’s energy landscape and the people of the desolate region of Thar.Continue

Iffat Gardezi for ‘Trade Plan’ to improve Pakistan-Netherlands trade, investment ties

 

Pakistan’s Ambassador to the Netherlands, Iffat Imran Gardezi has said that during her stay in the Netherlands as Pakistan’s Ambassador, she will be enthusiastically focusing on devising an effective “Trade Plan” with a view to promote Pakistani products and services which would result in improving the existing trade and investment ties between the two countries.Continue

SECMC to hire local HTV drivers

Sindh Engro Coal Mining Company (SECMC) in support of its partners has initiated another landmark drive for the employment of experienced local HTV drivers for its mining project in Thar Coal Block II, in Sindh Province of Pakistan. This is part of their skill development campaign called, ‘Hunarmand Thar, Khushhaal Pakistan, says a statement issued by company.Continue

PRODUCTIVE AND FRUITFUL ENGAGEMENTWITH SOCIAL MEDIA STRESSED

“Social Media is a double-edge sword, having both positive and negative effects; however, one cannot learn its effects and benefits through straight jacket. Other societies have already defined it benefits but Pakistani society not.” This was stated by Prof. Dr. Khalida Ghaus, Managing Director, Social Policy & Development Centre, Karachi, while she was addressing the meeting of Shura Hamdard Karachi Chapter, presided over by Justice (Rtd) Haziqel Khairi at a local hall on Thursday July 14, 2016.Continue

Further delay in refunds release is not acceptable: KATI

President of Korangi Association of Trade & Industry Zahid Saeed, Senior Vice President Saleem-uz-Zaman and Vice President Syed Wajid Hussain said in a statement that any further delay in release of tax refunds will not be acceptable. The statement was a response of news regarding blockage of 100bn by FBR for refunds.Continue

KPT rescued chemical tanker

A panama flag vessel “CHEMTRANS 1” was rescued by Karachi Port Trust (KPT) on Saturday 16th July and towed the ill fated vessel from 11 nautical miles from KPT approach channel under extreme monsoon weather and averted  an eminent major disaster i.eContinue