After 110% dividend in FY 2022-23, Security Papers Limited (SPL) announced its financial results for the first quarter of financial year 2023-24, ending September 30, 2023, recording a 74% growth in after-tax profit versus the same period last year and a substantial Rs. 2.62 increase in the earnings per share (EPS). The Company achieved net…
Cheezious, a renowned and customer-centric food brand in Pakistan, is thrilled to announce its strategic partnership with Jazz Cash, one of the leading mobile wallet providers in the country which has 25 million customer base with 13 million monthly active users. This collaboration marks a significant milestone in the world of food and finance, offering…
Pakistan Tobacco Company Limited (PTC) launched its flagship Be Supplier Program, on Thursday in a bid to accelerate its sustainability agenda through supplier-led innovations. The company also launched its first ‘Environment, Social and Governance Report’ which demonstrates its commitment to sustainable business practices. The ‘Be Supplier for A Better Tomorrow Together’ Conference was attended by…
Descon Engineering Limited (DEL) and Engro Polymer & Chemicals Limited (EPCL) are proud to announce the signing of a Memorandum of Understanding (MoU) to further enhance their more than three decade-long partnership. This significant milestone, marks a renewed commitment to mutual collaboration in the field of plant maintenance, shutdowns, reliability, and asset performance management to…
Cheezious excited to announce its recent collaboration with COTHM INTERNATIONAL as the industry partner for the prestigious International Chef Day event. This significant partnership brought together industry leaders, government officials, and restaurant owners in a celebration of culinary excellence. The event served as a platform to express gratitude to the chefs who consistently inspire and…
Rewterz, a prominent cybersecurity company, proudly announces the appointment of Salman Khan as its new COO. With over 25 years of global technology leadership experience and a proven track record in managing international teams, Khan’s appointment ushers in a new era of growth and innovation for Rewterz, fueled by the strategic partnership with AshreiTech. In…
In a tragic daylight attack in Afshan Colony, property consultant Malik Zahoor fell victim to fatal gunshots, following a series of threats from Ghulam Abbas. Witnesses, including Malik’s brother Tahir Ashraf, report that Zahoor was preparing to ferry his niece and nephew to school when Ghulam Abbas emerged, firing indiscriminately and subsequently fleeing the scene….
The Naqsh Digital Film Festival, a remarkable cinematic event aimed at celebrating creativity and promoting social awareness, recently concluded its successful run in Islamabad. Organized in collaboration with the United Nations Population Fund (UNFPA) and Fatima Jinnah Women University. One of the festival’s Food Partner, Cheezious, played a vital role in making this event possible,…
In a recent Twitter post, Ammar Khan, dissects the crux of the issues inherent within the top 25 companies as listed by the Pakistan Stock Exchange (PSX) for the year 2022. In an era where the lines between state intervention and corporate independence blur consistently, Khan’s revelations offer an invaluable perspective that demands a closer…
One of the major automobile manufacturers, KIA has announced a reduction in prices for its entire lineup of vehicles in Pakistan effective October 6th, 2023. The price cuts come on the back of the recent appreciation of the Pakistani rupee against the US dollar, with KIA passing on the benefits to customers. As per the…
A big opportunity for Pakistan resides in ushering its micro, small and medium enterprises (MSMEs) into the digital age, as revealed in a new report by the United Nations-based Better Than Cash Alliance, in support of its member, the Government of Pakistan, and the State Bank of Pakistan. The fates of small businesses and national…
English Biscuit Manufacturers (EBM) brought together future leaders for the 22nd time with the Young Leaders Conference (YLC). This edition marks EBM’s decades-long commitment to the School of Leadership (SoL) as the founding partner to empower the young leaders of Pakistan. The 22nd Edition of YLC holds a special significance to EBM, as it saw…
In a move set to redefine the transportation landscape, inDrive, Pakistan’s leading ride-hailing service, is thrilled to announce its expansion into five new cities, including Larkana, Kāmoke, Sheikhupura, Hafizabad, and Okara. This strategic expansion is a testament to inDrive’s commitment to providing seamless, convenient, and reliable mobility solutions to an even broader audience across the…
TPL Insurance – WTO, a leader in premium insurance and Takaful services, is excited to announce a strategic collaboration with HBL Islamic Banking. This partnership is set to redefine Takaful coverage for HBL Islamic Car Finance clients, delivering top-tier Auto Takaful solutions to the Pakistani market. A key feature of TPL Insurance – WTO’s Takaful…
Cheezious, a leading name in the food industry, is thrilled to announce its partnership with the World Wide Fund for Nature (WWF) on the occasion of International Awareness Day of Food Loss and Waste. This collaboration reflects Cheezious commitment to social responsibility and its dedication to addressing critical global issues, such as food loss and…
Zindigi, a key player in digital financial services, has joined forces with EFU Life Assurance, a leading life insurance provider in Pakistan. This partnership is aimed at offering insurance solutions to safeguard against uncertainty and rising prices, empowering people in Pakistan to protect their physical, mental, and financial well-being through digital insurance products. Meena M….
Cheezious, the iconic fast-food brand that has been synonymous with spreading “cheezy khushiyan” (cheesy happiness) across Pakistan since 2012, is thrilled to announce the grand opening of its 30th branch, located at Kalma Chowk, Rawalpindi. This significant milestone underscores Cheezious’ unwavering commitment to delivering mouthwatering and delectable food to the people of Pakistan. In addition…
In response to the recent baseless allegations of gas theft by Sui Northern Gas Pipeline Limited (SNGPL), Jazz, Pakistan’s largest digital operator, has served the gas company with a Rs 10 billion defamation notice. Categorically refuting SNGPL’s false claims of gas theft at a Karak (KP) site, the telecom company has served a legal notice…
The Sui Northern Gas Pipeline Limited (SNGPL) has been on the frontline in the battle against gas theft in Islamabad. With over 34 individuals facing the consequences of their illicit activities, the company’s commitment to eradicating this menace is evident. The collaboration between SNGPL and law enforcement agencies showcases the gravity of the situation and…
In a ceremony held at Rescue Headquarters located in Lahore, Mr. Ahmet Kursad Ertin, Regional Director (SAME) – CCI Pakistan (Coca-Cola Beverages Pakistan Limited) and Dr. Rizwan Naseer Secretary Emergency Services Department, inaugurated a new water filtration Plant installed for the local community. The ceremony was joined by the senior management of the company along…
easypaisa and foodpanda have joined hands to introduce seamless payment options for customers. Users will now be able to pay for their orders directly through their easypaisa wallet. This partnership empowers millions of easypaisa customers to conveniently order meals from the foodpanda app and make payments directly from their easypaisa mobile accounts. The integration of…
In a momentous event, Abdul Razak Dawood, the Founder of Descon, along with Faisal Dawood, Vice-Chairman of Descon, marked a significant milestone in the company’s journey towards agricultural innovation. The occasion celebrated the groundbreaking ceremony of Blume Agri, a PKR one billion pioneering venture that promises to significantly contribute to the Pakistani agriculture landscape. Mr….
Summit Bank Limited on Tuesday convened its Extraordinary General Meeting (EOGM), where the shareholders granted their consent on the name of the Bank to be changed from ‘Summit Bank Limited’ to ‘Bank Makramah Limited’. This name change follows the recent acquisition of a controlling stake in Summit Bank by prominent UAE investor, H.E. Nasser Abdulla…
Visa the world’s digital payments leader has officially inaugurated its new office in Pakistan. Visa’s expanded on-ground presence in Pakistan is a testament to its commitment to supporting the company’s financial institution and merchant clients, local government partners, investments and local communities as part of continued efforts to drive digitalization of the payments landscape. With…
The recent decision by the US Federal Reserve to raise interest rates to the highest level in 22 years has sent ripples of concern through the world’s largest economy. The move comes as the Fed aims to stabilize prices and tackle the persistent issue of inflation that has plagued the nation. Since early 2022, the…
The recent announcement of a massive awareness campaign by Securities and Exchange Commission of Pakistan (@SECPakistan) and the Pakistan Telecommunication Authority (@PTAofficialpk) targeting illegal loan apps has sparked criticism from various quarters. Some believe that this approach could inadvertently exacerbate the problem by promoting the idea of obtaining loans through mobile apps. Starting from this…
Dubai, UAE – In an unprecedented move that signals a transformation in the financial landscape, Rabah Al-Nasseri, co-founder of The Cryptoverse, is delving into the prospects of digital finance growth and exploration in Abu Dhabi for 2023. With an eye on the burgeoning market, Al-Nasseri is seeking to establish The Cryptoverse as a pioneering force…
Ariba Shahid, a Pakistan correspondent for Reuters, recently shared a series of tweets discussing the challenges faced by startups and their potential impact on the economy. In her first tweet, she acknowledges that startups often fail, especially considering the current global funding crunch and the less-than-ideal local economy. Startups fail. We're in a global funding…
A recent Twitter by Zubair Ahmed Khan has shed light on a concerning issue of businesses issuing non-FBRPOS (Federal Board of Revenue Point of Sale) invoices, indicating potential tax evasion and open tax theft. Zubair Ahmed Khan shares his encounter with Pizza Hut in Islamabad, where he claims they responded confrontationally and admitted to issuing…
Islamic banking has gained popularity worldwide for offering financial services in compliance with Islamic principles. One aspect that sets Islamic banks apart is their adherence to Shariah law, which prohibits certain practices, including the charging or receiving of interest. While Islamic banking offers numerous advantages, it’s essential to be aware of certain limitations when it…