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Islamabad: To help reduce energy poverty and make solar power more accessible especially for the unserved and underserved communities of Pakistan, NEPRA under its CSR drive “Power with Prosperity” has brought Akhuwat Islamic Finance (AIM), K-Electric and Engro Energy together who all signed a Memorandum of Understanding (MoU) today at NEPRA HQ, to offer interest-free …
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Karachi: FrieslandCampina Engro Pakistan Ltd, a leading dairy company with over 150 years of dairy expertise has joined the United Nations Global Compact to reinforce its commitment towards achieving the global Sustainable Development Goals (SDGs) and promoting responsible business. The UN Global Compact is the world’s largest corporate sustainability initiative, with more than 9,500 companies …
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Karachi: Achievements continue to rain for Pakistan’s premier technology services and solutions organization Systems Limited, as the company has won the 2021 Poll of Asia’s Outstanding Companies by Asia Money. Being the only IT company from Pakistan on the list, Systems Limited has won the accolade in two categories, namely Outstanding Company in Small/Mid-Caps and …
Karachi: K-Electric has received an overwhelming response from its customers for provision of uninterrupted power supply to the Karachiites during heavy rainfall in the city. Customers have expressed immense satisfaction over KE’s constant services and appreciated the work of its technical team. چھ سات گھنٹےسے مسلسل بارش کے باوجود بجلی کی بلاتعطل فراہمی پر کے …
Karachi: HBL and Dubai Islamic Bank Pakistan Limited (DIBPL) joined hands as mandated Lead Advisors and Arrangers for Eighteen (Elite Estates Pvt. Limited), a luxury housing development located in the twin cities of Islamabad and Rawalpindi. The initiative is one of the largest syndicated finance projects in the real estate sector with a funding of …
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Karachi: National Bank of Pakistan inaugurated a state-of-art, modern and fully technologically equipped Learning & Development Center at FTC Karachi on September 20, 2021 to provide latest and industry driven learning and development opportunities to its employees. The center aims to align staff goals and performance with the Banks strategy, objective and needs. The center …
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Karachi: The State Bank of Pakistan (SBP) has revised Prudential Regulations (PRS) for Consumer Financing. This targeted step will help to moderate demand growth in the economy, leading to slower import growth and thus supporting the balance-of-payments. The changes in the PRs effectively prohibit financing for imported vehicles, and tighten regulatory requirements for financing of …
KARACHI: Due to a supply of foreign currency during the day, the rupee recovered 20 paisas against the dollar on Tuesday, dealers said. The rupee closed the day at Rs168.52 per dollar, down from the previous day’s close of Rs168.72 in the interbank foreign currency market. During the day, the market saw inflows of export …
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Karachi: Minister for Maritime Affairs Ali Zaidi visited K-Electric’s Bin Qasim Power Station 3 (BQPS-III) on Monday and was apprised of the progress on the USD 650 million mega project which will add almost 900 MW of electricity to Karachi’s power supply. The meeting was also attended by the Chairman of Port Qasim Authority, Rear …
KARACHI: The Monetary Policy Committee (MPC) of the State Bank of Pakistan (SBP) is scheduled to announce the policy rate at 4:30 p.m. today (Monday). Due to the present economic scenario, experts predict that the interest rate will remain at 7%. SBP Governor Dr Reza Baqir stated in July’s policy statement that the policy rate …
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KARACHI: The unpredictable worldwide prices of edible oil have driven up local costs of ghee/vegetable in the country, and a sliding scale is needed to link the pricing of ghee in local markets with the international markets, according to a senior government official. Finance and Revenue Minister Shaukat Tarin, who presided over a meeting of …
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The prices of petroleum products are proposed to increase by Rs. 1 per liter and high speed diesel by Rs. 10 and a half. Kerosene can be as expensive as five and a half rupees, the final decision will be taken tomorrow on 15 September, in consultation with the Prime Minister. On the other hand, …
Karachi: SSGC will be unable to provide sufficient quantity of gas to KE from 14th to 17th September. A KE Spokesperson has said, “In line with the information received from the SSGC, gas supply to KE will remain curtailed between 14 to 17 September 2021 due to dry docking. SSGC supplies KE around 190 MMCFD …
Karachi: The Board of Directors of K-Electric Limited in its meeting held on September 10, 2021_at KE Head Office, approved the financial results for the year ended on 30 June 2021. During the period, driven by investments of around PKR 81 Billion across the power value chain supplemented by improved economic conditions and revival of …
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Karachi: Minister for Industries and Production Makhdum Khusro Bakhtyar today met with KE’s Senior Management at the company’s Bin Qasim Power Complex to review the progress on K-Electric’s mega-project Bin Qasim Power Station 3 (BQPS-III), which will add 900 MW to K-Electric’s generation capacity and bolster the future of Karachi’s growth. Equipped with state-of-the-art technology, …
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Karachi: Pakistani equities fell further on Tuesday, as investors remained concerned about the possibility of the Pakistan Stock Exchange (PSX) being included into the Morgan Stanley Capital International (MSCI) index. Today, MSCI will announce Pakistan’s reclassification from Emerging Markets (EM) to Frontier Markets (FM). On November 21, the semi-annual index review, the prospective reclassification is …
Karachi: KE teams remained active to restore power supply to Karachi following a tripping in the EHT transmission line which caused a disconnection between KE and NTDC circuits. This tripping was caused by a lightning strike on the NTDC’s 220 kV Jamshoro circuit. KE’s power plants continued to operate in island mode which enabled swift …
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Lahore: As part of its Independence Day celebrations, METRO Pakistan, being a socially responsible corporate organization, joined the Government of Pakistan’s Green Pakistan initiative. The largest tree plantation campaign, by distributing tree saplings to its customers, in collaboration with The Trust School Lahore. METRO Pakistan believes that such initial steps will grow into larger actions …
Karachi: Payment technology company Mastercard and ride-hailing service Uber are collaborating to help as many people as possible receive a vaccination during this critical time by offering free rides to people in Pakistan who would like to receive the COVID-19 vaccination. Riders will be able to avail two free rides, to and from dedicated public …
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Karachi: MG Motors Pakistan has organized a test drive of MG’s modern electric vehicle MGZS in Karachi. A large number of citizens along with their families enjoyed the drive of the SUV with attractive design and modern technology. The test drive was arranged on the track of Omni Karting Circuit, PAF Colony Korangi Creek. Citizens …
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Karachi: To mark UN Small and Medium Enterprises Day and the vital role that they play in post-pandemic recovery, Emirates is empowering small and medium sized enterprises to get back into the skies and turn their travel budgets into rewards by debuting a Business Rewards incentive for new members who sign up for the program. …
Islamabad: The cellular license renewal ceremony for Azad Jammu & Kashmir and Gilgit Baltistan was held today at PTA Headquarters, Islamabad. Three Cellular Mobile Operators i.e. Telenor Pakistan, PMCL (Jazz) and PTML (Ufone) have deposited payment (50% of the PTA determined license fee) amounting to PKR 3.19 Billion against their license renewal fee with PTA. …
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Karachi: Pakistan’s largest digital bank, Mobilink Microfinance Bank (MMBL) has joined forces with leading global humanitarian and development non-governmental organization, CARE International in Pakistan (CIP), through a recent Memorandum of Understanding (MoU), to foster financial inclusion for small and medium businesses, especially those led by women to support their sustainable development. President and CEO MMBL, …
