Industrialists, researchers, academia, and civil society activists came together at the “Champions of Change: A Dialogue with the Private Sector” conference in Karachi on Wednesday, urging corporations to prioritise transparency and accountability in their commitment to achieving net-zero emissions. The discussions centred on the severe impacts of emissions on Pakistan’s health, lives, and environment.… Continue
Sindh Caretaker Minister for Home & Prisons Department Brig. (R) Haris Nawaz has announced to make the Karachi Safe City Project functional from January next year, which will provide a big relief to the citizens of Karachi from street crimes. The Safe City Project is a must to make Karachi a Safe City.… Continue
In a defining moment for Tharparker’s biodiversity, International Union for Conservation of Nature (IUCN) and Sindh Engro Coal Mining Company (SECMC) have collaborated to launch a detailed flora and fauna study that showcases the region’s ecological treasures and highlights efforts for its conservation.… Continue
In a heartfelt commemoration of Pinktober, Mr. Rao Salman, CEO of TPL Trakker, along with the executive leadership team, embarked on a thoughtful visit to Baitul Sukoon, a cancer hospital giving free end-to-end treatment to breast cancer patients. Serving as a beacon of hope, the hospital is equipped with state-of-the-art facilities, including mammography, ultrasound, radiology, and a pathology laboratory, among others.… Continue
Provincial Minister for Revenue, Industries, and Commerce Muhammad Younus Dagha has said that worldwide gas tariff for industries is subsidized. At the same time, residential consumers are subjected to higher costs, but unfortunately, in Pakistan, the industries are subsidizing all other sectors, which is purely against international best practices. … Continue
The management of Pakistan Petroleum Limited held a Corporate Briefing session on 15th Nov’23 to discuss the FY23 financial result and future outlook of the company.
To recall, the company posted a profit after tax of PKR 97,937mn (EPS: PKR 35.99) during FY23 compared to PKR 53,546mn (EPS: PKR 19.68) in FY22, showcasing a surge of 83% YoY amid i) jump in Sui wellhead price by 16% YoY, ii) Pak Rupee depreciation against USD, and iii) 1% growth in gas production.… Continue
National Skills Passport initiative will prove to be a gateway to obtain recognition of Pakistani migrants, their skills and ensure decent employment opportunities for returnees. The National Skills Passport provides a comprehensive catalogue of an individual’s skills, obtained through formal and informal channels, and provides a migrant worker with documentation of gained qualifications, skills, competencies, and experience in a systematic manner.… Continue
MSCI released an update on its November 2023 Index Review, notifying that there is no change in constituents for Pakistan in the MSCI main Frontier Market Index. However, in the small-cap index, four constituents have been removed, and four new constituents have been added.… Continue
Former President of the Islamabad Chamber of Commerce and Industry (ICCI), Dr. Shahid Rasheed Butt, said on Wednesday that after the sharp increase in gas prices, a gas crisis has started across the country, which will intensify next month. He said steps should be taken to deal with it, as the crisis will hurt the masses and hit the economy.… Continue
EFU General Insurance Ltd., the leading non-life insurer in Pakistan, was honoured with the 13th Annual Fire & Safety Award 2023 at an event organised by the National Forum of Environment & Health at a local hotel. The award was received by Mr.… Continue
Conducive policies, fair pricing mechanisms, and investment in research and development are crucial for the growth of the pharmaceutical sector to meet domestic demand and a sustainable increase in exports to different countries. This was stated by the Chairman of the Pakistan Pharmaceutical Manufacturers Association (PPMA), Mian Khalid Misbah ur Rehman, while inaugurating the 20th Pharma Asia Exhibition and Conference organized by Ecommerce Gateway Pakistan.… Continue
In a high-profile meeting at the Islamabad Chamber of Commerce and Industry (ICCI), key figures from the business community converged to address pressing economic concerns and strategize for a robust recovery. President of Korangi Association of Trade and Industry, Faraz-ur-Rehman, stressed the urgency of enhancing exports, citing a 5% decline from July to September compared to the previous year.… Continue
The Institute of Business Management’s (IoBM) two-day International Conference on Islamic Banking and Finance (ICBIF) 2023 began today. Focusing on the theme of “Sustainable Development and Islamic Finance: Examining the Role of Islamic Financial Institutions in Promoting Sustainable Economic Growth, Ethical Investments, and Technological Innovations”, the high-profile conference highlighted how Sharia-compliant finance is paving the way for a sustainable economic landscape in the country.… Continue
Bank Alfalah and J.P. Morgan Payments have come together to form a strategic engagement to empower individuals to experience real-time transactions like never before under J.P. Morgan’s Xpedite Remit Service, an advanced service that brings real-time transactions to the forefront, where speed, reliability, and customer satisfaction take center stage. … Continue
Integration Xperts (IX) is now partnering with Salesforce, the global leader in CRM, to bring companies and their customers closer together. As an official Salesforce Value Added Reseller (VAR), IX will be the one-stop shop for customers who are investing in the digital transformation of their business with Salesforce.… Continue
In the quest to combat the harms of smoking, the development of alternatives to cigarettes have emerged as a beacon of hope. However, the realization of these transformative innovations relies heavily on the presence of effective regulatory frameworks that foster innovation while ensuring consumer protection.… Continue
Kohat Cement Company Ltd. (KOHC) held its analyst briefing earlier today to apprise investors on their FY23 & 1QFY24 results and future outlook. Here are the key highlights:
· To recall, the company posted earnings of PkR29.0/11.3 per share in FY23/1QFY24 vs.… Continue
More than three-quarters of people living with diabetes (79%) in Pakistan only found out they had diabetes after developing diabetes complications. Additionally, almost all (97%) of those surveyed in the country had experienced one or more diabetes complications, with over a quarter (26%) having experienced heart disease as one of the diabetes complications.… Continue
The Trading Corporation of Pakistan (TCP) has received four bids from international suppliers for supplying 300,000 metric tonnes of urea. The prices range from US$389.92 to 405.50 per ton of prilled/granular urea for delivery C&F at Karachi Port and Gwadar Port.… Continue
In yet another industry-first move, Jazz, Pakistan’s leading digital operator, has launched Voice over LTE (VoLTE) roaming services in collaboration with AT&T to provide seamless connectivity to customers traveling to the US. This revolutionary initiative also ensures superior voice quality and faster call setup times for Jazz customers while roaming in the United States.… Continue
Following a robust performance in 1QFY24, the automotive industry faced challenges, witnessing a 26% MoM decline in sales, with only 6,180 units sold during the month. YoY, sales plummeted by 54% compared to last year. The sales contraction primarily stems from plant shutdowns as industry players grappled with supply chain issues amid import restrictions.… Continue
Pakistan’s leading digital microfinance bank, Mobilink Bank, outperformed at Veon’s Ignite Awards held in Istanbul by winning in three of the most highly contested categories, including ‘Double-Digit Growth’, ‘Financial Services’, and ‘Diversity and Inclusion’. The Bank’s recognition at the group level and enviable accomplishments across various categories mirror its steadfast commitment to excellence.… Continue
Leading digital financial services provider, UPaisa is offering an exciting Daily Cash Reward Program for its active customers on maintaining balance in their accounts. Starting from a minimum daily account balance of Rs. 500 only, the rewards are structured into five slabs with increasing daily rewards.… Continue
- Survey finds 95% of commuters in Pakistan expect transit to offer contactless payment options.
- Findings reveal a growing acceptance of contactless payments among the public.
- 57% of survey audience would use fare-capped public transport services more frequently.
- 59% public transport users prefer to use a digital platform that seamlessly integrates contactless payment with all modes of public transportation.
Sarsabz Kahani, Pakistan’s first-ever agri-focused web-series platform introduced by Fatima Fertilizer, has unveiled another inspiring true story that embodies the values of hope and determination. The platform is on a mission to spotlight exceptional stories of men and women who represent the true spirit of Pakistan’s farming community and exemplify the values of courage and dedication to pursue national prosperity and growth relentlessly.… Continue