One billion users, but bans mount up for TikTok
TIKTOK’S breakneck rise from niche video-sharing app to global social media behemoth has brought plenty of scrutiny, particularly over its links to China. The European Commission is the latest organisation to ban the app from its equipment, following similar moves in the United States. So is TikTok a spying tool for Beijing, a fun app,…
Adil Aziz
Country’s development linked to success of youth loan program: PM
Prime Minister Shehbaz Sharif said that country’s progress was linked to the success of the Youth Loan Program which besides supporting the unemployed youngsters also benefited the national economy. The prime minister, addressing a ceremony for cheque distribution among the beneficiaries of the Prime Minister Youth Loan Program, said if provided ample opportunities, Pakistan’s youths…
Faysal Bank Posts 67% Growth in profit
Faysal Bank Limited (FBL) achieved the landmark of Rs. 1 trillion in Balance Sheet footings with a record Profit Before Tax of Rs. 22.4 billion, 67% higher than the last year. The Board of Directors of FBL, in their meeting held on February 23, 2023, approved the financial statements of the Bank for the year…
FrieslandCampina and Engro Eximp FZE partner for dairy exports worldwide
FrieslandCampina Engro Pakistan (FCEPL) and Engro Eximp FZE (EEF) signed a Franchise Agreement to enhance dairy exports from Pakistan. In line with FrieslandCampina’s global purpose of nourishing by nature, this partnership will enable FCEPL to expand its global footprint. Together, FCEPL and EEF will serve the Pakistani diaspora and markets which are milk-deficient, as well…
President Arif Alvi approves mini-budget
President Arif Alvi accorded approval to Finance (Supplementary) Bill, 2023, generally known as the mini-budget. The approval was given in accordance with Article 75 of the constitution. The president Arif Alvi accorded approval after National Assembly (NA) passed the Finance (Supplementary) Bill 2023, proposing additional taxes and duties of Rs 170 billion to meet the IMF…
Pakistan-Italy bilateral trade volume reaches €2 Billion: Andreas Ferrarese
Ambassador of Italy to Pakistan, Andreas Ferrarese, has said that the bilateral trade volume between Italy and Pakistan has grown exponentially to €2 billion in 2022, and Pakistan’s exports are more than imports in Italy. He made these remarks while talking after the launching ceremony of Italian FPT Generators in Pakistan. Ambassador Andreas Ferrarese said…
US, China, UK remained top three destinations of Pakistani exports in 7 months
The United States (US) remained the top export destination of Pakistani products during the seven months of the current fiscal year (2022-23), followed by China and the United Kingdom (UK). Total exports to the US during July-January (2022-23) were recorded at US$ 3567.699 million against the exports of US$ 3862.370 million during July- January (2021-22),…
KP-EZDMC issues LoI to InfraCo Asia for solarization of economic zones
The Khyber Pakhtunkhwa Economic Zone Development and Management Company (KPEZDMC) has issued a Letter of Intent (LoI) to InfraCo Asia to undertake a complete feasibility study for the solarization of economic zones in Khyber Pakhtunkhwa. The LoI signifies the commitment of KPEZDMC and InfraCo Asia to work together in exploring the potential of solar energy…
ABHI Onboards Hilal Group, Domino’s Pakistan, Shalimar Foods, to Provide Earned Wage Access to 2000 Employees
ABHI, a financial technology company, has partnered with Hilal Group, a leading fast-moving consumer goods (FMCG) company, to provide AbhiSalary, an Earned Wage Access product, to Hilal’s workforce. The move aims to reduce financial stress and improve productivity among Hilal’s employees, who can now access their earned salaries before payday in just 30 seconds. Hilal…
Pakistan’s commerce minister, senior U.S. business affairs official discuss ways to boost bilateral trade
Ahead of the Pakistan-United States Trade Investment Framework Agreement (TIFA) ministerial meeting, the visiting Commerce Minister, Syed Naveed Qamar, and the U.S. Special Representative for Commercial and Business Affairs, Dilawar Syed, discussed ways to enhance the volume of trade between the two countries. Sayed was accompanied among others by Elizabeth Horst, principal deputy assistant secretary…