Meezan Bank, Pakistan’s first and largest Islamic Bank, has joined hands with Roche Pakistan, one of the world’s leading biotech companies, in an initiative aimed at alleviating the financial burden of breast cancer treatment for patients across Pakistan. Breast cancer remains a critical health challenge in Pakistan, claiming numerous lives and impacting countless families each…
Alraedah Digital Solutions, a leading technology company and the innovation arm of Alraedah Digital Group, is thrilled to announce a strategic partnership with ABHI, a MENAP-based Fintech specializing in Earned Wage Access and Invoice Factoring. The collaboration marks a significant milestone in Alraedah’s commitment to fostering innovation and driving regional financial inclusion. Under the terms…
Chief Executive, Indus Motor Company, Mr. Ali Asghar Jamali has been honored with the Business Leader Award 2024 by the Institute of Chartered Accountants of Pakistan (ICAP) at a recently held ceremony in Karachi. The ICAP’s Professional Excellence Awards 2024 aim to recognize members in business for their contribution, performance, and value addition within their…
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…
onic, Pakistan’s first digital telecommunication brand, dedicated to enhancing the lives of its consumers, is thrilled to announce a strategic partnership with foodpanda, the country’s premier online delivery platform. This collaboration marks a significant milestone in onic’s journey to enhance its digital offerings and create a comprehensive digital lifestyle ecosystem for its users. Through this…
The Institute of Chartered Accountants of Pakistan (ICAP) has awarded Ziad Bin Wasim Chowdhrey for professional excellence as the finance leader. He was presented the Professional Excellence Awards in a graceful ceremony held at PC, Karachi, where 14 industry leaders were awarded in 5 categories. Nominees were evaluated on the basis of their leadership approach,…
International Packaging Films Limited (IPAK) IPO’s book-building phase will be held on May 08 and 09, 2024 where high net worth individuals and institutional investors will subscribe to 70.1 million shares. The book building will start at the floor price of Rs 21 per share. Based on the interest from investors during the book-building process,…
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…
