FrieslandCampina Engro Pakistan Limited (FCEPL) announced its financial results for Quarter 3, 2024. Effective July 1, 2024, an 18% sales tax was imposed on the sale of UHT milk, which was previously zero-rated. In an environment where the disposable income for an average consumer is declining. The imposition of Sales Tax has severely impacted the…
Pakistan’s largest telecommunication and integrated ICT services provider, Pakistan Telecommunication Company Limited (PTCL) and global telecom and ICT player, China Mobile International Limited (CMI) entered a partnership at GITEX Global 2024 in Dubai, UAE for global network resources sharing. The collaboration allows the two leading players to boost connectivity for their respective customers in the…
Mobilink Bank has once again demonstrated its unwavering commitment to gender equality and financial inclusion, securing a remarkable score of 82.7 on the State Bank of Pakistan’s (SBP) Women Friendliness Grid. This notable increase from last year’s score of 71.79 highlights the Bank’s continuous efforts in fostering a supportive environment for women borrowers and entrepreneurs,…
The Board of Directors of Meezan Bank approved financial statements of the Bank for the nine months period ended September 30, 2024. The meeting was chaired by Mr. Riyadh S. A. A. Edrees – Chairman of the Board and Mr. Faisal A. A. A. Al-Nassar – Vice Chairman of the Board was also present along…
Lucky Cement Limited is proud to announce the successful completion and commissioning of its 28.8 MW captive wind power project at the Company’s Karachi Plant. The project, successfully executed within the stipulated timelines and budget, officially commenced operations on 22nd October 2024. This significant milestone makes Lucky Cement the first company in Pakistan to implement…
The U.S. has imposed new sanctions on several Pakistani companies, citing their involvement in supporting Pakistan’s missile program, particularly the development of long-range ballistic missiles like the Shaheen-3 and Ababeel, both of which are nuclear-capable. One of the targeted companies, Innovative Equipment, was sanctioned alongside a Chinese firm for aiding Pakistan’s missile technology, prompting concerns…
CEO Trade Development Authority of Pakistan (TDAP) Zubair Motiwala said that Pakistani companies have made notable progress in the development and manufacturing of medical devices and equipment, which could not only reduce $2 billion of the import bill within the next five years but also earn foreign exchange for the country in the next phase…
Lucky Cement Limited, Pakistan’s leading cement manufacturer, secured 1st position at the prestigious Best Corporate Report (BCR) Awards 2024, organized by the Institute of Cost and Management Accountants of Pakistan (ICMA) and the Institute of Chartered Accountants of Pakistan (ICAP). This award recognizes Lucky Cement’s commitment to transparency, excellence in corporate reporting, and adherence to…
Pakistan’s leading telecommunications and ICT provider, PTCL Group (PTCL & Ufone 4G) showcased its transformative Corporate Social Responsibility (CSR) initiative, Ba-Ikhtiyar, at Expand North Star – the world’s largest startup and investor connector event, held as a part of GITEX 2024 in Dubai. The event provided a platform to highlight the success of Ba-Ikhtiyar participants…
Provincial Minister for Health Dr Azra Pechuho said that the Sindh government extended its full support to the private sector for promoting medical tourism across the country, aiming to benefit the local healthcare sector and its contribution to the national economy. Speaking as a chief guest at the inauguration of the 21stHealth Asia Exhibition and…
