Fatima Fertilizer addresses climate change at Expo 2020 Dubai

Fatima Fertilizer Company Limited (FFCL) celebrated the Climate Week on October, 2021 at the Pakistan Pavilion of Expo 2020 in Dubai, UAE. Being a prominent sponsor of the Pavilion, FFCL brought the attention of all stakeholders towards accelerating action against climate change and its impact on the region, especially in Pakistan, through virtual reality (VR) based engagement and a unique QR code based tree plantation activity.… Continue

Meezan Bank Limited (MEBL) announced its 9MCY21 results today

· Meezan Bank Limited (MEBL) announced its 9MCY21 results today where the bank reported earnings of PkR20.0bn (EPS: PkR12.1) compared to PkR18.5bn (EPS: PkR11.2) in the same period last year. The result came in line with expectations.

· Together with the result, the bank announced a cash dividend of PkR1.5/sh, taking cumulative cash dividend for the year to PkR4.5/sh in addition to a bonus of 10%.… Continue

Daily cargo handling report of Karachi port trust

The Karachi Port Trust handled 213,134 tons of cargo comprising 128,097 Tones of import cargo and 85,037 Tons of export cargo during last 24 Hrs ending at 0700 Hours.

TOTAL IMPORT CARGO:

The total import cargo of 128,097 comprised of 34,822 Tons of Containerized Cargo, 12,171 Tons of Bulk Cargo, 9,259 Tons of Dap, 4,674 Tons of Sugar, 5,986 Tons of Wheat and 61,185 Tons of Oil/Liquid Cargo.… Continue

Burger King partners with foodpanda to expand nationwide

Burger King has on-boarded Panda Kitchens, foodpanda’s cloud kitchens, with the aim to expand its reach nationwide. This will allow Burger King lovers to order their favorite burgers hassle free and get them under 30 minutes, across Pakistan via foodpanda.

The partnership expects to grow the number of delivery outlets for Burger King by an estimated 35% by the end of 2021.… Continue

A review of Engro Fertilizers performance through corporate briefing

Engro Fertilizers (EFERT) announced 3Q2021 consolidated earnings of Rs3.30/share, down 37% YoY and 7% QoQ which came in line with industry and our expectations. It takes 9M2021 EPS to Rs11.17 up 30% YoY.

Along with the result, company also declared interim cash dividend of Rs3.5/share which came in slightly higher than industry and our expectation due to an adjustments taken by company during the quarter.… Continue

Hitachi Energy goes live

Further to its press release on July 1, 2021, the global technology leader today announced its evolution to Hitachi Energy. Formerly Hitachi ABB Power Grids, the business has renewed its Purpose to ‘advancing a sustainable energy future for all’.

Speaking from its global headquarters in Zurich, Switzerland, Claudio Facchin, CEO of Hitachi Energy, commented, “At Hitachi Energy, we are championing the urgency of a clean energy transition, through innovation and collaboration.… Continue

Curbing street crimes: Karachi Police Chief stresses ‘regulatory framework’ for sale of second-hand mobile phones’ accessories/ spare parts

Additional Inspector General Imran Yaqub Minhas has stressed that the sale of second-hand mobile phones accessories has to be brought into a regulatory framework which would help in dealing with the most serious issue of rising street crimes as the accessories and spare parts of all the snatched phones were being disposed of by selling them in the local markets.… Continue

Amanullah Aftab becomes new Chairman for PTA

Amanullah Aftab of M/s. Hafiz Tannery, Karachi, has been elected as Chairman of Pakistan Tanners Association (PTA) for 2021-22. Likewise, Azmat Saleem Sheikh of M/s. Leather Coordinators, Sahiwal as Sr. Vice Chairman and Aziz Ahmed of M/s. AMA Leather Industry, Karachi as Vice Chairman for PTA same year.… Continue

JazzCash and Mastercard introduce new solutions to transform Pakistan’s digital payment ecosystem

Pakistan’s leading fintech JazzCash, in collaboration with Mastercard, is strengthening the country’s digital payments ecosystem. JazzCash users will now be able to apply for a physical or virtual Mastercard Debit Card and make payments to merchants accepting Mastercard QR payments.

The new Mastercard Debit Card will be available to all JazzCash users via a hassle-free application process through the mobile app, call center or by dialing *786#.… Continue

My Zong App launches ‘10 Rupee Shop’ to give users even greater value for money

Pakistan’s digital services leader, Zong 4G, has now brought another industry-first initiative called ’10 Rupee Shop’, yet again proving its incessant commitment to serving users in more innovative ways.

Coming to Zong users’ favourite mobile app, the My Zong App (MZA), the initiative is launched with an aim to serve customers who want more value at less cost.… Continue

Capt. Javed Iqbal elected as Chairman of PSAA

Capt. Javed Iqbal of Eastwind Shipping Co. (Pvt) Ltd has been elected unopposed as Chairman of Pakistan Ship’s Agents Association (PSAA) for 2021-2022. He has about 28 years’ hands-on experience at the shore in the shipping/ maritime industry in addition to his sailing affair.… Continue

Engro Fertilizers announced Rs. 3.50 per share

Engro Fertilizers Limited has announced its financial results for the nine months ended September 30, 2021. The Board of the Company reviewed and approved the unaudited consolidated and standalone financial results of the Company for the nine months ended September 30, 2021, and recommended the an interim Cash Dividend for the third quarter ended September 30, 2021, at Rs.… Continue

Get your realme C21Y exclusively for PKR 20,999/- on Daraz before the flash sale ends tomorrow

The realme C-Series has always brought affordability and top-notch features together. Now, there’s another variant that’s come at an ultra-affordable price – the realme C21Y that costs PKR 20,999/- on Daraz exclusively during the flash sale. While the flash sale has just begun, people can flock to the Daraz website and get their hands on the realme C21Y now.… Continue

Carfirst cargala brings hundreds of used cars with warranty for buyers

CarFirst, Pakistan’s most trusted used-car trading platform, brings CarFirst Car Gala to Karachi and Lahore. The CarFirst Car Gala will give buyers the chance to choose from hundreds of pre-checked used cars with Warranty, brought together all under one roof.

The CarFirst Car Gala is an open house aimed at prospective car buyers giving them access to hundreds of pre-checked, used cars with warranty options.… Continue

Pakistan auto players recorded good sales in September

In September 2021, Auto industry sales sustained strong growth momentum, rising a staggering c.60% yoy to 22,235 units (up c.3% mom), on account of robust demand for vehicles of PSMC, up c.70% yoy (although down 7% mom). On a mom basis, however, sales for HCAR led the industry (up 13% mom), largely attributed to the launch of the new City.… Continue

FBR’s move to prove counter-productive to govt’s efforts for ease of doing business: President KCCI

President Karachi Chamber of Commerce & Industry (KCCI) Muhammad Idrees, while highly criticizing FBR’s decision to revoke the clause that made it mandatory to warn defaulters 24 hours before freezing their bank accounts, stated that this would open up a floodgate of corruption as it would provide yet another tool to FBR officials to harass the business community.… Continue

PSX index to close positive at 43,883 (+54ppts) today

Continuing its bearish momentum from yesterday, market opened on negative note and remained under heavy selling pressure leading KSE100 index to record intraday low of 43,149 (-680ppts). However, during the second half, buying momentum witnessed due to attractive valuation leading the index to close positive at 43,883 (+54ppts).… Continue

Oracle Cloud momentum driving expansion of global cloud footprint

An increasing number of customers in Japan and Asia Pacific are turning to Oracle Cloud to reap its strong price-performance, reliability, scalability and security and the business benefits these bring.  Customers that have turned to Oracle Cloud Infrastructure to help them run their businesses in the last quarter in the region include Toyota Mapmaster, Hyundai Home Shopping, Korea Credit Bureau, Chorocmaeul, EdgeQ Inc., … Continue