Caretaker Finance Minister Dr Shamshad Akhtar has asked OICCI to support government’s endeavors to encourage foreign direct investment and invest in export-based industries to support countries development and contribute to strengthening balance of payments in a sustainable manner. She shared these views while speaking to OICCI members during her visit to OICCI. She was accompanied…
The Overseas Investors Chamber of Commerce and Industry (OICCI) unveiled details for the Pakistan Climate Conference (PCC) 2023, scheduled to take place on November 1, 2023. This is the second consecutive year that the OICCI is organizing a multi-stakeholder dialog to propose collective solutions for Pakistan’s climate emergency. Starting from 2022, the Pakistan Climate Conference…
In a stunning display of power-hitting and cricketing prowess, Australia obliterated the Netherlands in a Men’s ODI World Cup match, securing a resounding victory by 309 runs. It was a one-two punch delivered by the Australian batting lineup, with David Warner’s brilliant century followed by Glenn Maxwell’s record-breaking knock. The Netherlands, who put up a…
Engro Powergen Qadirpur Limited (EPQL), a subsidiary of Engro Energy Limited, received a vote of confidence from the VIS Credit Rating Company Limited (VIS) as the entity’s ratings were reaffirmed at ‘AA-‘ for long-term and ‘A-1’ for the short term. The latest press release from VIS highlights EPQL’s strong creditworthiness, supported by a stable future…
In a remarkable financial performance, Hub Power Company Limited (PSX: HUBC) has announced nearly double the profits for the first quarter of fiscal year 2023-24, positioning itself as a standout in the energy sector. The company’s after-tax profits surged to Rs18.32 billion [EPS: Rs13.17], an impressive jump from the Rs9.47 billion [EPS: Rs7.01] reported during…
South Africa continued its relentless onslaught in the ICC World Cup with a commanding victory over Bangladesh, defeating the Tigers by a staggering 149 runs. Led by a magnificent 174 by Quinton de Kock, South Africa amassed a formidable total of 382 for 5, a score that proved insurmountable for Bangladesh, who managed to score…
Out of 28,920 female engineering graduates, 8,146 (28%) were employed, 6,054 (20.9%) unemployed and 14,720 (50.9%) were out of labour force: Gallup & Pride Research reveals Analysis of the labor force survey 2020-21 reveals that approximately 70% of female engineering graduates residing in the country are either unemployed or out of the labor force. Out…
National Resources Limited (NRL) has received an exploration lease for minerals in Chagai district, Balochistan. NRL, a subsidiary of YB Pakistan Limited, Reliance Commodities (Pvt.) Limited and Liberty Mills Limited leased out an area of 500 Sq. km in the Chagai area. NRL had applied for a lease in early 2022 and the lease has…
SECP has recently introduced the concept of categorized voting for the election of directors to address the practical challenges faced by Listed Companies, during the election of directors by way of amendments in Companies (Postal Ballot) Regulations, 2018 and Code of Corporate Governance Regulations, 2019. Being an Industry Leader, CDC Share Registrar Services Limited (CDCSRSL)…
SECP Chairman holds interactive session with OICCI members In an interactive session with member companies of the Overseas Investors Chamber of Commerce & Industries (OICCI), the Security & Exchange Commission of Pakistan’s (SECP) Chairman Akif Saeed stressed the importance of digitalization. The SECP chairman made these remarks during his visit to the Chamber to hold…
