BankIslami recently organized an Iftar dinner at Dar-ul-Sukun, extending its warmth to differently-abled children and senior citizens. This event, held in the Holy month of Ramadan, emphasized the bank’s unwavering dedication to foster joy and inclusivity. The event featured lively activities, such as henna application, face painting, jumping castle, and distribution of Eid giveaways. These…
Shan Foods, one of Pakistan’s longstanding food companies, has unveiled its brand new corporate identity under the name of Shan Shares. The culinary giant, which dominates the South Asian cuisine landscape in more than 70 countries worldwide, has been famous for its ‘Taste Happiness’ tagline since its inception from a single-room operation in 1981. The…
Indus Motor Company (IMC) is honored to have received the esteemed Corporate Social Responsibility (CSR) Award from The National Forum for Health and Environment (NFEH). The recognition was bestowed upon IMC in the category of “CSR Initiatives”, acknowledging its unwavering commitment and outstanding contributions to the United Nations’ Global Goals. A competitive field of 86…
Mohammad Ali Jinnah University (MAJU) recently hosted a seminar on Pakistan’s economic situation and the latest agreement with the International Monetary Fund (IMF) at the campus. Speaking at a seminar, Director at the Center for Excellence in Islamic Finance (CEIF)-IBA Ahmed Siddiqui underscored the crucial role of the IMF in stabilizing the country’s current account…
‘Rs 1 trillion in losses can be controlled by effective enforcement policies’ The government could enhance the tax-to-GDP ratio, increase tax collection, and reduce the budget deficit by curtailing tax evasion and illicit trade in major sectors, said Fawad Khan, Spokesperson for Mustehkam Pakistan, an advocacy firm for curbing illicit trade and tax evasion in…
Onic, the new digital telco brand in Pakistan and Careem, the leading ride-hailing platform in Pakistan, are thrilled to announce the signing of a Memorandum of Understanding (MoU) to foster a strategic partnership to build a digital ecosystem for respective consumers in the country. The MoU was signed by Omer Bin Tariq, Country Head, Onic Pakistan, and…
Mobilink Bank, Pakistan’s leading digital microfinance bank, has reaffirmed its commitment to women’s financial inclusion with the launch of the country’s first “Center of Excellence for Women” in partnership with Arid Agriculture University, a leading agricultural institution in Pakistan, to advance financial education. In this joint endeavor, Mobilink Bank will serve as the exclusive financial…
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…
Fly Jinnah, Pakistan’s low-cost carrier, today celebrated the inaugural flight of its second international route connecting Lahore, Pakistan with Sharjah, UAE. The carrier commemorated the start of its new route with a pre-departure inaugural ceremony at Lahore International Airport and followed by an inaugural program planned for guests in Sharjah. Flight Schedule between Lahore and…
The State Bank of Pakistan’s (SBP) latest Business Confidence Survey reveals a slight decrease in overall confidence across various sectors in March 2024. The Business Confidence Index (BCI) fell by 1.0 points to 51.7, with both the Industry and Services sectors contributing to the decline. Current Business Conditions Weaken The survey highlights a weakening in…
