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The biscuit ‘Oreo’ makers have decided to pull off their ads from Twitter because of increase in hate speech. Mondelez, the famous corporation that makes biscuits and chocolates, have decided to take a decision related to twitter. They are extremely popular for making chocolates like Cadbury and Milka. They also make Oreo biscuits which is …
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Karachi: K-Electric (KE) has taken a step to address climate change by introducing its new “Hara bill”. KE introduced an environmentally friendly bill from this month in November. The idea of the environmentally friendly bill is to prevent over 92 tonnes of paper-based waste from entering Karachi’s landfills. This will also preserve over 4200 trees, …
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China’s trade shrinks unexpectedly as Covid curbs, suffers economic slowdown China’s economy paints a struggling picture at the moment as the country’s imports and exports get contracted. China is still recovering from the Covid situation at home and with the recession on the way, China’s policymakers need to think a lot about their plans. The …
Karachi: The National Bank of Pakistan (NBP) has won the Best Bank Award in Asia-Pacific for 2022, on Thursday as Global Finance announced its 29th Annual Best Bank Awards. President Joseph Giarraputo, Global Finance presented the Best Bank Award in Pakistan to NBP’s countryhead in the USA, Mr. Syed Farhan Ahmad. Global Finance regularly selects …
PM Shahbaz Sharif had a meeting with China’s President Xi Jinping on Wednesday to discuss the financial stability and construction projects. The leaders met at the Beijing’s Great Hall of the People during PM Sharif’s two-days visit to China. In this meeting, PM Shahbaz Sharif and President XI Jinping discussed “broad-based cooperation in economy and …
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KARACHI: Iftekhar Ahmed & Company (IAC) has launched Pakistan’s first ABC Juice, an instant energy booster with the ability to improve immunity and detoxify the body. The Company invested $10 million in Food and beverages sector and will invest another $15 million in the next four years, said Director IAC, Waheed Ahmed. The company is …
Winters are around the corner and the government is in dilemma over the diversion of costly imported RLNG to domestic consumers in winter. There is already high inflation and a gas deficit is on the way as well. The government is trying to determine a quantity that it should divert to domestic consumers during the …
Pakistan is at the risk of being declared as a default nation by credit default swap (CDS) based on its performance in five years. During the Covid-19 outbreak, the CDS was just around 5% to 6% only. But it has gradually increased over time. Earlier this year, it also peaked rise at 30% when there …
Karachi: K-Electric has decided to take action against power theft, as many as 762 anti-power thefts drive across the city in August and has removed 5,384 illegal connections from its service areas. These kunda-removal drives that took place in different parts of the city, including Surjani, New Karachi, Gulistan-e-Johar, Orangi, Liaquatabad, Nazimabad, Bin Qasim, and …
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Karachi: Master Changan Motors Limited, Pakistan’s disruptive automotive brand, has announced the launch of its SUV – Changan Oshan X7 at the ‘RHD Global Premier’ today. This is the first time in the history of Pakistan that a RHD model is launched before any other country in the world. The CEO of Master Changan Motors …
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Karachi: The ties between Pakistan and Hungary are further strengthened with the formation of AquaHatch International (Pvt.) Ltd, a joint venture company of both countries, which has a foreign and local investment of $14 million to develop a freshwater ecosystem in Pakistan. To cement this business relationship, an event was held on February 23, 2023. …
Karachi: Pakistani startup Energy and Automation (ENA), a company of Jaffer Business Systems (JBS) recently joined forces with Jolta Battery Private Limited, a sister company of Jolta Electric – Pakistan’s First EV company, to provide solutions to the telecom & banking sector. An exclusive agreement to this effect took place between the two companies with …
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Karachi: FrieslandCampina Engro Pakistan Limited (FCEPL) announced its financial results for the year ended December 31, 2021. The Company reported revenue of PKR 52 billion, registering 18% growth versus last year. FCEPL recorded highest-ever volumes of Ice Cream and highest-ever revenue in Dairy and Ice Cream segments in 2021. This milestone was achieved by focusing …
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Karachi: Aiming to collaborate and cooperate for POS integration of tier-I retailers within the jurisdiction of CTO, Karachi, a Memorandum of Understanding (MoU) has been signed between the Consumers Association of Pakistan (CAP) and the Corporate Tax Office (CTO), Karachi. Federal Board of Revenue, Government of Pakistan has introduced sophisticated scheme for POS integration of …
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Karachi: FrieslandCampina Engro Pakistan Limited (FCEPL), subsidiary of the Dutch multinational corporative Royal FrieslandCampina in the Netherlands, is establishing the novel Pakistan–Netherlands Dairy Development Center (PNDDC). The PNDDC is set to be a premier precompetitive platform with the signature ‘grass to glass’ philosophy underlying FCEPL’s corporate vision – collaboration and integration between industry, experts, academia, …
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Islamabad: FrieslandCampina Engro Pakistan Ltd (FCEPL) hosted an event titled ‘Rural Women Rising’ in honor of women farmers and Agripreneurs, on the 31st of January at the Serena Hotel in Islamabad. The theme of the event was “breaking the barriers and empowering women through dairy value chain”. The event celebrated these women, hailing from rural …
Karachi: Faysal Bank Limited enters into a strategic communication partnership with Nutshell Communications (Pvt) Ltd. Nutshell Communications will provide external stakeholder engagement, corporate branding, and strategic communication services to Faysal Bank Limited. An agreement in this regard was signed by both parties recently at Faysal Bank Limited head office by Raheel Ijaz, Chief Operating Officer, …
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Karachi: As the gushing winds started blowing in the port city from Friday morning, K-Electric ensured that the power supply to the city remain stable. However, areas with high incidence of theft and kunda usage were preemptively shut down temporarily in the interest of safety of the residents and the power supply was swiftly restored …
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Karachi: Pakistan’s logistics giant TCS Private Limited recently transported another pharmaceutical shipment by road to Tashkent, Uzbekistan, following TIR (Transports Internationaux Routiers) protocols, administered by the United Nations International Road Transport Union (IRU). TCS Private Limited is the first Pakistani Company to have qualified for international operations with Pakistani trucks and drivers. Amongst the requirements …
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Karachi: Pakistan Stock Exchange (PSX) held a gong ceremony today to announce the launch of Alfalah Consumer Index Exchange Traded Fund (ACIETF). The launch of this ETF marks the listing of the sixth ETF on PSX.
Karachi: Nutshell Group is hosting the 5th edition of Pakistan’s largest corporate event ‘The Future Summit’ in collaboration with Martin Dow Group. The platinum sponsor for the Summit is Engro Corporation. The Future Summit will take place at a local Hotel in Karachi today and tomorrow. This year’s summit titled ‘What’s Coming Next’ aims …
Islamabad: NEPRA will conduct a public hearing today to discuss petition submitted by K-Electric on Fuel Adjustment Charges (FCA) for the month of November 2021 and Quarterly Adjustments for the period July till September 2021. The request made by the utility are in line with the mechanism given in KE’s Multi Year Tariff whereby changes …
Karachi: Global Investment Summit is being held in March next year, people will get good news of receiving foreign direct investment (FDI) in 2 months. The importance of technology exchange was highlighted after COVID-19. In this regard, a policy on technology exchange is being formulated which is expected to be presented in 6 to 8 …
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