Nestlé Pakistan’s sales for the nine-month period ended September 30, 2024, stand at PKR 149.2 billion, reflecting a decline in growth by 1.3% compared to the same period last year. This was primarily influenced by the implementation of taxes in the Finance Act, which were passed on to consumers leading to price hikes and subsequently…
The Overseas Investors Chamber of Commerce and Industry (OICCI) organized a unique event, the “Dining in the Dark Experience,” in collaboration with Khaas Foodz Kitchen (KFK) on Thursday. This initiative brought together OICCI’s member companies and foreign investors to emphasize the importance of disability inclusion and address the challenges persons with disabilities (PWDs) face in…
“The MAP Corporate Excellence Awards have set a benchmark for recognizing organizations that strive to achieve higher standards of governance, ethical business practices and sustained growth.” This was stated by the Sindh Chief Minister, Murad Ali Shah while addressing the 39th Corporate Excellence Awards (CEA) ceremony organized by the Management Association of Pakistan (MAP). He…
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…
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…
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…
Fatima Fertilizer Company Limited and Zarai Taraqiati Bank Limited (ZTBL) have entered into a groundbreaking partnership to promote financial inclusion and support for smallholder farmers in Pakistan. This collaboration aims to integrate farmers into the formal financial system while providing them with essential agricultural resources and innovative solutions to enhance productivity and livelihoods. This is…
Codebase Technologies is proud to announce its strategic partnership with Abhi, a leading financial wellness platform in the MENAP region, to introduce innovative Earned Wage Access (EWA) solutions across multiple geographies through Codebase Technologies’ Digibanc platform. This collaboration signifies a major milestone in advancing global financial inclusion, offering businesses cutting-edge tools to support their employees’…
