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 …
Category Archives: Business
KE Teams work swiftly to restore power supply to Karachi
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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Metro Commemorated Independence Day with Green Pakistan Campaign, Women Sports Festival
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 …
Get a free ride to local vaccine centers with Mastercard and Uber
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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MG Motors Introduces Latest Electric Vehicle MGZS in Pakistan
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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Emirates Business Rewards program celebrates small and medium sized businesses with limited time incentive
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. …
PTA Renews Cellular NGMS Licenses of Three Operators in AJK & GB
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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Mobilink Microfinance Bank, CARE International Pakistan sign MoU to Strengthen Entrepreneurial and Financial Ecosystem
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, …
Systems Limited wins Lahore Chamber of Commerce & Industry IT Award
Islamabad: Systems Limited humbly announced another winning moment. The Lahore Chamber of Commerce & Industry (LCCI) awarded Systems Limited with the President IT Award. The LCCI IT Awards were held at Aiwan-e-Sadr, Islamabad, and aims to appreciate the efforts of Pakistan’s information technology companies and their contributions towards the well-being of Pakistan’s economy. LCCI recognized …
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USD 50 million investment announced by CCI Pakistan for 7th Production Plant in meeting with PM
Karachi: A delegation of Coca-Cola Beverages Pakistan Limited (CCI Pakistan), GM Ahmet Kursad Ertin met with the Prime Minister of Pakistan and announced an investment of USD 50 million for a Greenfield project the company plans to set up in Haripur district, Khyber Pakhtunkhwa (KP). This will be CCI’s 7th production facility in the country. …