Meezan Bank, Pakistan’s leading Islamic bank has officially commenced operations of Meezan Exchange Company Limited (MECL), its wholly-owned subsidiary in Karachi. MECL will offer remittance and forex services to all customers. As an initial step in its journey, MECL will expand to 10 outlets nationwide within the first month of its launch with accelerated plans…
The graduation ceremony for the flagship Islamic Finance Talent development program – Meezan Justuju, was held today at the Institute of Business Administration (IBA) in Karachi. Chairman IBA CEIF (Centre of Excellence in Islamic Finance) and ex-Governor State Bank of Pakistan – Dr. Ishrat Hussain, graced the occasion as the Chief Guest. Founding President &…
Engro Fertilizers, Pakistan’s premier seed-to-harvest solutions provider, has been recognized as the winner of the prestigious International Fertilizers Association (IFA) Green Leaf Award 2024 in the Nitrogen Category, for its exceptional performance in health, safety and environmental (HSE) practices. Presented every two years, the IFA Green Leaf Award is regarded as the gold standard for…
Private Tour on a Horse Carriage Followed by Dinner Under the Night Sky The very first UNESCO World Heritage Site of Saudi, Hegra is an ideal destination for nature lovers and ecotourism enthusiasts. Covering 52 hectares, the destination features 131 breathtaking tombs and countless rock formations. Visitors looking for an exclusive experience can hop on…
International Packaging Films Limited IPO Receives Overwhelming Response from Investors! The book building process of International Packaging Films Limited’s (IPAK) Initial Public Offer (IPO) has concluded with an oversubscription of 1.73 times, the company said today. “The IPO received an overwhelming response from institutional investors and high-net worth individuals as the strike price clocked in…
Engro, the country’s leading conglomerate, has its eyes set on future growth by exploring global markets and possible deals in Pakistan outside its conventional businesses through a more agile investment approach. In an exclusive interview with Bloomberg, Abdul Samad Dawood, Vice Chairman at Dawood Hercules Corp. and the sponsor of the group, outlined the global…
The Boards of Dawood Hercules Corporation Limited (DH Corp) and Engro Corporation Limited (Engro Corp) have, in principle, approved a proposal to restructure the shareholding between the two companies, aiming to enhance investment opportunities of the enterprise. The restructuring proposal is subject to final Board and shareholder approvals. The proposed restructuring would enhance investment opportunities…
KTC has raised concerns over the recent decline in its cigarette sales, attributing it to a sharp rise in the smuggling of international cigarette brands in Pakistan. This surge in illicit trade poses a significant threat to the company’s operations and the local market. The tobacco manufacturing entity emphasized the importance of continued vigilance and…
The International Centre of Excellence (ICE) successfully organized “Future Work Connect 24,” a high-profile event aimed at advancing Pakistan’s global competitiveness in education and fostering collaboration between industry and academia. Held at the British Deputy High Commission Karachi, the event brought together esteemed panelists, thought leaders, and stakeholders from the corporate and education sectors to…
Secure Logistics Group becomes the first IPO in the logistics sector on the main board of the Pakistan Stock Exchange (PSX). The issue size of PKR 600 mn was oversubscribed with a strike price of PKR 12/share. Well-rounded participation was observed with strong participation from institutions (76%) and high net-worth individuals (24%). Amongst institutions, financial…
