Emphasizing the vital importance of creating conducive conditions for women to flourish in the realms of business and entrepreneurship, the Overseas Investors Chamber of Commerce & Industry (OICCI) held its 6th Women Empowerment Awards ceremony on Tuesday. Addressing the members, OICCI Vice President Rehan Shaikh said, “Pakistan’s ranking on the World Bank’s Women, Business and…
Ghazanfar Azzam steps down as CEO of Mobilink Bank after a distinguished 12-year tenure Islamabad – April 30, 2024: Ghazanfar Azzam has decided to step down as the President and CEO of Mobilink Bank after 12 years of service. Under his leadership, Mobilink Bank has experienced remarkable growth and solidified its position as a leader in…
Indus Motor Company (IMC) announced its financial results for the nine-month period ending March 31, 2024, which witnessed a 61% increase in profit after tax, to PKR 9.41 billion, compared to PKR 5.84 billion, for the same period last year. IMC’s net sales turnover for the nine-month period decreased to Rs. 98.23 billion, as compared to…
The All Pakistan Cement Manufacturers’ Association (APCMA) welcomes the recent statement by the Honorable Prime Minister of Pakistan on the implementation of the track and trace system by the Federal Board of Revenue and the initiation of investigation to probe the mismanagement in its implementation. The APCMA in various meetings and correspondence with the FBR…
TPL Insurance, a leading provider of innovative insurance solutions, is proud to announce a strategic partnership with Regal Automobiles Industries Ltd. (RAIL), a renowned name in the automotive industry. The memorandum of understanding (MoU) signing ceremony solidifies the alliance between the two entities, paving the way for groundbreaking offerings in the automotive and insurance sectors….
In the latest Brand Finance 2024 Global Top 250 Hospitals report, Aga Khan University Hospital (AKUH), Karachi, has been listed in the top 100 Academic Medical Centres (AMCs) worldwide. AKUH is the first and only hospital from Pakistan making to the top 100 on this list. Meanwhile, four other hospitals from Pakistan, Mayo Hospital, Jinnah…
A two-day conference on ‘Social Entrepreneurship in Pakistan’ organized by Accountability Lab Pakistan with the support of the U.S. Mission in Pakistan in partnership with the Pakistan-U.S. Alumni Network (PUAN) concludes in Islamabad on April 24, 2024. “With more than 44,000 exchange alumni, PUAN members like you are establishing climate-smart businesses, investing in community-driven enterprises,…
FrieslandCampina Engro Pakistan Limited (FCEPL) announced its financial results for Q1, 2024, delivering a strong topline growth of 21% (PKR 27.5 billion compared to PKR 22.7 billion in the same period last year) despite the challenging operating environment and economic slowdown. This increase was fueled by volume growth and relevant consumer offerings. The Company witnessed…
The academic council of Preston University (PU) Karachi formally decided to launch four faculties and eight departments to provide higher education to students in different disciplines. After the reform of November 2023, the new management convened the first academic council meeting under the chair of the Chancellor of the University, Naveed Yusuf. The Pro-Chancellor, Mohammad…
Effective protection of intellectual property rights [IPR] is essential for attracting and retaining FDI [Foreign Direct Investment]. According to the OICCI IPR Survey 2023, infringements resulted in a loss of up to Rs800 billion to the national exchequer last year alone. Companies too reported a total loss of 20% of their turnover due to these…
