Change to Sustain

Mobilink Bank’s “Change to Sustain” program drives sustainability with PKR 2.5 Billion

Mobilink Bank, a leader in digital financial services, launched its sustainability program, “Change to Sustain,” signaling a step forward in its journey towards operational transformation and promoting environmental stewardship within the banking sector. Fueling this initiative is the strategic allocation of PKR 2.5 billion towards renewable energy financing. Embedded with its sustainability strategy, fifteen (15) Mobilink Bank…

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Governor Punjab

Governor Punjab Inaugurated Pakistan Sustainability Week Mega Event at Expo Centre Lahore

Pakistan Sustainability Week (PSW) alongside Solar Pakistan – 14th International Renewable Energy Exhibition and Electricity Pakistan – 7th International Exhibition for Energy, Storage and Power Industry organized by Fakt Exhibitions (Pvt.) Ltd. opened its doors on 27th February 2024 at Expo Centre Lahore. The exhibition was inaugurated by Chief Guest Honorable Muhammad Baligh Ur Rehman…

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Surgical Conference

Aga Khan University Receives $1.5 Million Boost to Revolutionize Treatment of β-Thalassemia and Sickle Cell Disease

Aga Khan University has received a $1.5 million grant from Wellcome Leap, a leading global health innovation organization. This significant grant will support a project that seeks to transform the treatment of β-Thalassemia and Sickle Cell Disease (SCD), which have plagued South Asia, particularly Pakistan. These diseases have not only caused significant suffering but also…

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Profit Repatriation

Profit Repatriation: Foreign Companies in Pakistan Record a 44x Surge in Overseas Profit Transfers in January 2024

In a significant economic development, foreign companies operating in Pakistan have experienced an extraordinary surge in profit repatriation, marking a staggering 44-fold increase in January 2024. This surge prompts a critical examination of the economic implications and the intricate dynamics between foreign enterprises and the host nation. Key Insights: Unprecedented Capital Outflow: The reported 44-fold…

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$2 Billion Loan

$2 Billion Loan: China Agrees to Roll Over Financial Assistance to Pakistan

China has formally agreed to roll over a $2 billion loan to Pakistan, showcasing the continued financial cooperation between the two nations. China’s decision to extend this financial assistance underscores the depth of the bilateral relationship and the mutual commitment to economic collaboration. The rollover of the $2 billion loan signifies the sustained support from…

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Sindh Barrages Project

World Bank Considers $72 Million Additional Financing for Sindh Barrages Project

In a noteworthy development, the World Bank is contemplating the provision of an additional $72 million in financing for the Sindh Barrages Project. This potential injection of funds underscores the significance of the project and aims to support its continued progress and success. The Sindh Barrages Project, with its strategic importance in water resource management…

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Energy Summit 2024

Global Thought Leaders Convene at Inaugural Energy Summit 2024

Leading international and local experts in the energy, power, infrastructure, risk management, and insurance sectors are set to gather for the groundbreaking Energy Summit 2024, hosted by Fidelity Insurance Brokers/Lockton in Karachi on March 5. The summit aims to promote dialogue, knowledge sharing, and networking, addressing key challenges and opportunities in the energy and insurance…

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LUMS

CIMPA School at LUMS – Fostering a global community for mathematical excellence

The Department of Mathematics at LUMS has been designated as the Emerging Regional Centre of Excellence (ERCE) for its significant contributions to the promotion of mathematics in the region. This recognition has been conferred by the Commission of Developing Countries of the European Mathematical Sciences, acknowledging LUMS as a leading institution in fostering mathematical education…

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