PayPro and 1LINK sign an agreement to joins 1LINK Affiliate Program

PayPro, Pakistan’s fastest growing FinTech Company, has joined 1LINK as an Affiliate member. 1LINK, Pakistan’s first PSO/PSP and largest payment system offers a unique affiliate program that allows non-banking entities to offer their services through 1LINK’s platform.

An agreement to this effect was signed at the 1LINK Head Office in Karachi by Mr.… Continue

Byco wins 7th Int’l Awards on Environment, Health & Safety 2021

Byco Petroleum Pakistan Limited, Pakistan’s largest oil refining company, has won two awards in the categories of ‘The Foundations of Process Safety’ and ‘Oil Spill Management’ at the prestigious 7th International Awards on Environment, Health & Safety 2021.

The awards were received by Mushtaq Ahmad Khokhar, General Manager- Production, Byco Petroleum andKaleem Ishaque, Senior Manager- SPM Operations, Byco Petroleum at a grand ceremony held at a local hotel in Karachi.… Continue

Shell Tameer Awards 2021 – Empowering youth to establish sustainable enterprises

To promote and recognize Pakistan’s bright, young entrepreneurs, ‘Shell Tameer Awards 2021’ has been launched, opening the application process from now until August 8th. This initiative is part of Shell Live WIRE – a global flagship programme, locally named Shell Tameer, for enterprise development, envisioned to strengthen local economies, by promoting entrepreneurship and innovation.… Continue

PSX index continues to trade range bound today

· Market traded range bound today between +137pts and -186pts and closing the session at -122pts. First day of the rollover saw a bit of hiccup early on when the 60 and 90 day contracts faced some technical glitch. Enhancement of position limit and exposure limit helped investors take new positions, whereas Technology and Textile sectors saw nominal profit booking.… Continue

Fertilizer players to announce mixed results for 2QCY21

FFC’s EPS is expected to clock in at PKR 3.3/share in 2QCY21 down by 13%YoY from PKR 3.80/share in SPLY. The decline in profitability is mainly due to decline in Urea sales by 18%YoY despite the price increase of ~5%YoY. The company also to face lower other income in absence of dividend income from its subsidiaries and associated company.… Continue

Pakistan steel sector to announce the excellent results soon

The annual results of the steel sector are around the corner, where we expect the BMA Steel universe to post earning of PKR 19.69Bn in FY21 compared to negative earnings of PKR 0.66Bn in SPLY. Improvement in profitability is expected mainly because of higher steel production (LSM FY21E ↑18% YoY), economic revival and upbeat steel prices (Rebar/CRC ↑33%/35% YoY).… Continue

An increase in LPG prices is unacceptable, KATI

Korangi Association of Trade and Industry (KATI) President Saleem-uz-Zaman has termed the increase in the price of Liquefied Petroleum Gas (LPG) as unacceptable. 0He said that industries could not afford the frequent increase in the price of LPG. A further increase will also increase the cost of production.… Continue

Zong 4G supports Islamabad Police’s fight against Covid-19

Zong 4G, Pakistan’s leading telecommunication Network, has extended support to the Islamabad Police to bolster its fight against COVID-19. Recognizing the importance of access to safety supplies, Zong has provided the Islamabad Police with Covid-19 protection necessities including hand sanitizers, hand washes, and face masks to help them fight the pandemic more efficiently.… Continue

PSX index performances eon Friday

· Market traded in a narrow range today, oscillating between +73pts and -187pts during the session and closed -73pts (unadjusted). Further slippage of PKR in interbank market prompted investors to adopt cautious approach towards cement, steel, fertilizer and Refinery stocks which have exposure of declining PKR parity on the cost of production.… Continue

Pakistan’s reserves increased by US$ 845.0 million

The total liquid foreign reserves held by the country stood at US$ 25,128.0 million on 16-Jul-2021. The break-up of the foreign reserves position is as under: –

  • Foreign reserves held by the State Bank of Pakistan: US$ 18,050.7 million
  • Net foreign reserves held by commercial banks    : US$ 7,077.3 million
  • Total liquid foreign reserves                 : US$ 25,128.0 million

During the week ended 16-Jul-2021, SBP received proceeds of US$ 1,040.8 million against Pakistan Euro Bonds.… Continue

Wapda Chairman calls on Chinese Ambassador

Pakistan Water and Power Development Authority (WAPDA) Chairman Lt Gen Muzammil Hussain (Retd) today called on Chinese Ambassador to Pakistan His Excellency Nong Rong. The matters relating to construction of Dasu Hydropower Project in the context of July 14 incident were discussed in detail during the meeting.… Continue

Pakistan textiles export during FY21

Pakistan’s total exports in June 2021 clocked in at US$2.7bn, up a sharp c.65% mom, while up c.70% yoy (distorted by Covid-19 lockdown last year). This took total exports in FY21 to a record high of US$25.3bn (up c.20% yoy), as per PBS data.… Continue

Careem wins ‘Most Innovated App’ at Pakistan Digital Awards ‘21

Careem, the Super App of greater Middle East and Pakistan has been honored with three prestigious accolades at the Pakistan Digital Awards. The accolades included; “Most Innovated App”, “Best Transport Service Online” and “Best Digital Customer Service Team.

The award for ‘Most Innovated App’ was awarded to Careem for Super App, a one-stop solution for everyday needs.… Continue

Boskalis awarded a contract for deepening the approach channel to the harbor of Harwich, UK

Boskalis has secured the contract for the Harwich Haven approach channel and inner harbor deepening by the Harwich Haven Authority. The contract carries a value of approximately EUR 140 million, split 50/50 between Boskalis and Van Oord.

The project entails the deepening of the approach channel and inner harbor from minus 14.5 to minus 16 meters to allow unimpeded access of the latest generation container vessels to Harwich Haven and the Port of Felixstowe.… Continue

Never miss a group call again on WhatsApp

At a time when so many of us are apart, there’s nothing better than getting together on a group call with friends and family, and there’s nothing worse than realizing that you missed a special moment.

As the popularity of group calls continues to grow, we’ve been working to improve the experience for our users – while of course still providing the security and privacy of end-to-end encryption.… Continue