Younus Dagha, Caretaker Minister of Finance, Revenue, and Planning, Government of Sindh, stated that there are 245 regulatory permissions in Sindh. These have created immense problems for citizens for a long time. The Sindh Government has prepared a strategy to reduce the number to around 124.… Continue
Dubai Fitness Challenge returns for its seventh edition from 28 October to 26 November 2023
The seventh edition of the Dubai Fitness Challenge (DFC) is set to kick off on Saturday, 28 October and run through to Sunday, 26 November 2023. The flagship fitness initiative of His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Dubai Crown Prince and Chairman of The Executive Council of Dubai, aims to transform Dubai into one of the world’s most active cities.… Continue
Control over the currency market is devaluing the dollar: Mian Zahid Hussain.
Chairman of National Business Group Pakistan, President Pakistan Businessmen and Intellectuals Forum, All Karachi Industrial Alliance, and former provincial minister Mian Zahid Hussain said on Friday that the sluggish power sector is ruining the country’s economy. He said that local and foreign investment is difficult without bringing transparency to the power sector and introducing reforms in it so it can become self-sufficient.… Continue
TCL’s Cricket Fiesta: Massive discounts on 85’ and 55’ big screen LED TVs for the Ultimate Cricket Experience!”
TCL, Pakistan’s No.1 LED TV brand and The Official Associate Partner of the Pakistan Cricket Team, is gearing up for an exhilarating cricket season with the announcement of their highly anticipated “Cricket Fiesta Sale.” This exciting limited time offer brings unmatched discounts on TCL’s top of the line LED TVs including 85′ P735 and 55′ P635, ensuring that cricket fans can enjoy the game like never before.… Continue
PTA and TikTok sign MoU to foster a safer digital environment
The Pakistan Telecommunication Authority (PTA) and TikTok signed a Memorandum of Understanding (MoU) for collaboration to promote digital safety in government schools across Pakistan through a multifaceted approach. The program includes comprehensive training programs and guidelines for teachers, parents, and students that will be covered through, workshops, seminars, webinars, awareness videos etc.… Continue
Equinor and Maersk partner to ensure continued green methanol supply for the world’s first methanol-enabled container vessel.
Maersk (Maersk) and Equinor have signed an agreement securing supply of green1 methanol for Maersk’s landmark, new methanol-enabled feeder vessel during its initial months of operation from September 2023 and into the first half of 2024.
The agreement ensures green methanol supply for the ship from its entry into operation on a loop from Northern Europe into the Baltic Sea after the name giving ceremony later this month in Copenhagen.… Continue
Arts Council of Pakistan Karachi: Pakistan Theatre Festival 2023 kicks off on 8 September
“Pakistan Theatre Festival 2023” by Arts Council of Pakistan Karachi will be inaugurated on Friday, September 8, at 6 PM Auditorium I. Governor Sindh Kamran Tessori, intellectual Anwar Maqsood and Caretaker Culture Minister Syed Junaid Ali Shah will attend the opening ceremony.… Continue
NHA to focus on increasing revenue through various schemes
Federal Minister for Communications and Railways Mr. Shahid Ashraf Tarar, presided over the 44th meeting of National Highway Council-Supreme body of National Highway Authority, held at Ministry of Communications here today. Federal Secretary Communications/Chairman National Highway Authority Capt (R) Muhammad Khurram Agha, and high-ups from the Finance Division, Planning & Development Division, Highway Construction Expert, Financial Professionals and the senior officers of the Ministry of Communications and National Highway Authority participated.… Continue
SBP to announce policy rate on Sept 14, 2023 – market expects some advancement.
The monetary policy committee is set to commence its next meeting on Sept 14, 2023, and we expect the SBP to increase the policy rate by 150bps to 23.5% in this meeting. During its meeting on July 31st, 2023, SBP kept the policy rate unchanged.… Continue
A Call for Pragmatism: Rethinking tobacco harm reduction on the global stage
In the quest to liberate the world from the shackles of smoking, it’s evident that a one-size-fits-all approach falls short. This realisation must extend to the institution that aims to lead the charge – the World Health Organisation (WHO). Two decades ago, the WHO unveiled the Framework Convention on Tobacco Control, envisioning a universal solution to combat smoking’s scourge.… Continue
General Asim Munir’s interest in economic matters is encouraging: Mian Zahid Hussain.
Chairman of National Business Group Pakistan, President Pakistan Businessmen and Intellectuals Forum, All Karachi Industrial Alliance, and former provincial minister Mian Zahid Hussain said on Thursday that Chief of Army Staff General Asim Munir’s interest in economic matters is encouraging. He added that his meeting with the business community leaders has boosted the morale of the business people and industrialists across the country.… Continue
Governor appreciated for actively advocating KCCI’s stance against inflated electricity bills
The leadership of Businessmen Group and Karachi Chamber of Commerce & Industry (KCCI) have highly appreciated Governor Sindh Kamran Khan Tessori for advocating Karachi Chamber’s stance against inflated electricity bills during his meetings in Islamabad held to discuss some of the most pressing issues of Karachi, particularly the inflated electricity bills which were unbearable and unaffordable to the business community, small traders, shopkeepers and inhabitants of Karachi.… Continue
Fertilizer industry can drive agricultural transformation under Green Initiative Pakistan
Pakistan is the only country out of the top five major urea consumers – including China, Brazil, USA, and India – that is, unfortunately, not investing in capacity growth over the next five years, even though it is facing a rapid surge in population.… Continue
Maple Leaf Cement Factory Limited announced the financial result for FY23 today
Maple Leaf Cement Factory Limited (MLCF) announced the financial result for FY23 today, posting a profit after tax (PAT) of PKR 5,771mn (EPS: PKR 5.38) compared to PKR 4,553mn (EPS: PKR 4.24) in SPLY, depicting an increase of 27% YoY. Surprisingly, during 4QFY23 loss arrived at 413mn (LPS: PKR 0.38) in contrast to net profit PKR 232mn (EPS: PKR 0.22) in SPLY.… Continue
PNSC wants more ships to include its fleet
Pakistan National Shipping Corporation (PNSC) said the Senate Standing Committee on Maritime Affairs, headed by its chairperson, Senator Rubina Khalid, held a meeting at the PNSC Building in Karachi on September 06 to discuss the performance of PNSC and its plans.… Continue
Maersk Finalizes ECO delivery deal with Amazon
Maersk (Maersk) and Amazon have finalized a 2023-2024 agreement for the transport of 20,000 FFE containers using green biofuel through Maersk’s “ECO Delivery” ocean product offering. Maersk estimates this purchase will contribute to a reduction in 44,600 metric tons of CO2e vs standard bunker fuel, roughly equivalent to 50 million pounds of coal burned.… Continue
Stay connected on your Turkish adventure with Zong 4G’s exclusive roaming data bundles!
Whether you are traveling to Turkey for business or leisure, easily share your experiences and stay connected with Zong 4G’s convenient roaming data bundles. Zong 4G, Pakistan’s leading telecommunication network, is making it easier for you to travel abroad one bundle at a time.… Continue
Fahim Noori will prove to be the best President for the Saddar Alliance, Faraz-ur-Rehman
In a recent development, Fahim Ahmed Noori has been elected as the President of the All Saddar Alliance of Markets Association, garnering widespread support and optimism from various quarters, including prominent figures in the business community. Faraz-ur-Rehman, the President of the Korangi Association of Trade and Industry (KATI) and the Founder President of Pakistan Business Group and Patron-in-Chief Farhan-ur-Rehman, extended their warm congratulations to Fahim Noori on his election to the prestigious role.… Continue
IGNITE participates in 23rd ITCN Asia with promising startups
Continuing with its tradition of supporting Pakistan’s startup ecosystem, Ignite National Technology Fund, a public sector company with Ministry of IT & Telecom, participated in this year’s ITCN Asia with 16 promising startups from its network of National Incubation Centers. ITCN Asia is renowned for bringing together tech enthusiasts, industry leaders, and innovators to celebrate the advancements in information technology and telecommunication.… Continue
Prime Minister of Pakistan meets Huawei to discuss ICT ecosystem, digital economy and upskilling the ICT local talent pool”.
Mr Ethan Sun, CEO of Huawei Pakistan, called His Excellency the Prime Minister of Pakistan, Mr Anwaar-ul-Haq Kakar, to share ongoing and potential collaborations to develop Pakistan’s ICT ecosystem and digital economy.
The honourable Prime Minister expressed his appreciation of Huawei’s role in enabling the Digital transformation in Pakistan, stating that “technological advancement and enhancement of ICT opportunities for the youth and women had the potential to usher in a brighter future of Pakistan.”
U.S. Embassy Joins U.S.-Pakistan Women’s Council and Paklaunch in celebrating women-led start-up competition winners
U.S. Deputy Chief of Mission Andrew Schofer joined the U.S.-Pakistan Women’s Council and Paklaunch in announcing the winners of a pitch competition for women-led startups at a ceremony today at National Science and Technology Park.
First Prize: Arooba Tayab of TheEPO.com… Continue
PDMAs & IRC join forces to build climate resilience initiatives in Sindh and Balochistan.
For strengthening of climate resilience initiative, the Provincial Disaster Management Authorities (PDMAs) of Sindh and Balochistan are proud to announce their collaborative initiative with the International Rescue Committee to promote resilience in the aftermath of floods. This groundbreaking endeavor is set to drive climate action and preparedness to new heights, reinforcing collective commitment to building a resilient and disaster-resilient future.… Continue
Kot Addu Power Company announced a cash dividend of PKR 5.0/share.
Kot Addu Power Company Limited (KAPCO) announced its 4QFY23 financial result today where the company posted a profit after tax (PAT) of PKR 84mn (EPS: PKR 0.10), down by 95% YoY compared to PKR 1,666mn (EPS: PKR 1.89) during same period last year.… Continue
U.S. Ambassador Blome highlights the benefits of U.S. Private Sector Investment,
U.S. Ambassador Donald Blome visited Lahore September 4-6 to promote U.S.-Pakistan trade and economic ties, broaden and deepen cooperation with the people and government of Punjab, and discuss the importance of protecting and respecting human rights and fundamental freedoms for all.… Continue
EFU General Insurance wins the prestigious 20th Annual Environment Excellence Award 2023
EFU General takes great pride in announcing its recent achievement as the recipient of the esteemed 20th Annual Environment Excellence Award 2023 by the National Forum of Environment and Health (NFEH). This accolade recognises EFU General Insurance’s unwavering commitment towards incorporating sustainable practices and environmental stewardship within its operations.… Continue