President and CEO of Faysal Bank Ltd. Yousaf Hussain has been elected as the new president of the Overseas Investors Chamber of Commerce and Industry (OICCI) for the 2024-2026 term. The announcement was made during the Chamber’s Extraordinary General Meeting held on Monday. In addition to the president, Managing Director and CEO of Nestle Pakistan…
Meezan Bank, Pakistan’s leading Islamic bank, and Hamdard Laboratories (Waqf) Pakistan, a pioneer in Eastern medicine, have marked a significant enhancement in their financial collaboration with the successful integration of advanced transaction banking services. This milestone was celebrated at a formal signing ceremony held at Hamdard Laboratories’ headquarters. The agreement was signed by Ms. Sadia…
BF Biosciences IPO oversubscribed by 3.4 times! The book-building process of BF Biosciences’ Initial Public Offer (IPO) has concluded with an oversubscription of 3.40 times, the company said on Thursday. The IPO received an overwhelming response from institutional investors and high-net worth individuals as the strike price clocked in at Rs 77/share, a max 40%…
United Business Group (UBG) Patron-in-Chief S M Tanveer has urged the government to facilitate the business community after successfully negotiating with the IMF, as loans can sustain the government but not businesses. He demanded the State Bank of Pakistan reduce interest rates by 300 basis points to revive closed industrial units and ensure employment. He…
BF Biosciences IPO’s book building phase will be held on 25th and 26th September where high net worth individuals and institutional investors will subscribe to 100 per cent of the issue size. BF Biosciences, a leader in the biotech pharmaceuticals sector in Pakistan, is set to raise between Rs1.38 and Rs1.93 billion to expand its…
In a pioneering move towards sustainability, Jubilee Life Insurance, Pakistan’s largest private sector insurance company, has partnered with Spectreco to spearhead its transition to Net Zero. This step sets a benchmark not just in Pakistan but for the global insurance industry as well, reinforcing Jubilee Life’s commitment to embedding sustainability at the heart of its…
Badiuddin Akber CEO-Central Depository Company of Pakistan Limited has been elected as the Chairman of Executive Committee of Asia-Pacific Central Securities Depositories Group (ACG) for the three year term of 2024-2027 during the proceedings of the ACG’s 26th Annual General Meeting held in Almaty, Kazakhstan on September 11, 2024. Accordingly, Central Depository Company of Pakistan…
Pakistan’s leading digital microfinance bank, Mobilink Bank, has secured the prestigious title of ‘Best Digital Banking Services’ (Microfinance Category) at the 21st Annual Excellence Awards hosted by CFA Society Pakistan. This marks the Bank’s second consecutive win, claiming the same honor last year, solidifying its position as a leader in digital banking innovation. In 2024,…
Emirates is supporting the flight journeys for Syed Daniah and Syed Abiha, two remarkable young golf prodigies from Karachi, as they head to the United States to pursue their higher education at Blinn College-Brenham Campus in Brenham, Texas. Through supporting flights from Karachi to Houston, Emirates continues its commitment of positively impacting the communities it…
S M Tanveer, Patron-in-Chief United Business Group (UBG), has expressed disappointment over the monetary policy, saying that the rate cut by 200 bps or 2 percent is too little, too late in the context of price data – domestically & internationally. He said the core inflation is going to be around 7.0 percent for the…
