SAP’s Objective is to Bring Positive Change in the Lives of People through Digital Transformation
SAP’s Senior Vice President Middle East and North Africa, Ahmed Al-Faifi, on his visit to Pakistan, met with Federal Minister for Planning, Development & Special Initiatives, Mr. Ahsan Iqbal, Chairman Higher Education Commission (HEC), Dr. Mukhtar Ahmed and Secretary Railways, Mr. Mazhar Ali Shah. He also attended The Future Summit’s 6th Edition, organized by the…
Adil Aziz
Pakistan’s current account deficit shrank 90% in January, says SBP
SBP said the country’s current account deficit shrank by 90 % in January from the same month last year as the government continued with its strategy to restrict imports The State Bank of Pakistan (SBP) said the country’s current account deficit shrank by 90 per cent in January from the same month last year as the government continued with…
PSX witnesses bearish trend, loses 444 points
The 100-index of the Pakistan Stock Exchange (PSX) witnessed bearish trend on Monday, losing 444.97 points, a negative change of 1.08 percent, closing at 40,673.64 points against 41,118.61 points the previous day. A total of 92,717,662 shares were traded during the day as compared to 110,366,624 shares the previous day, whereas the price of shares…
Rupee recovers 93 paisa against dollar
Pakistan rupee appreciated by 93 paisa against the US dollar in the interbank trading and closed at Rs 261.88, against the previous day’s closing of Rs 262.81. According to the Forex Association of Pakistan (FAP), the buying and selling rates of dollars in the open market were recorded at Rs 264.9 and Rs 267.9 respectively. The…
Facebook-owner Meta to roll out paid subscription
FACEBOOK, the social network that was supposed to stay free “always,” and its stablemate Instagram launched on Sunday a paid subscription service, as the advertising-based business model that has long dominated the internet falters. Mark Zuckerberg, the CEO of Facebook-parent Meta, announced on Sunday the launch of Meta Verified, a service starting at US$11.99 a…
President for using digital technologies to improve healthcare services
President Dr Arif Alvi called for using digital technologies to improve health and well-being of the people of Pakistan and provide them with quality healthcare services. He emphasised that advances in medical technology could help transform the country’s medicine and healthcare system. The President expressed these views while talking to Chief Executive Officer of Pakistan…
FrieslandCampina and International Trade Centre partner to support Dairy Sector SMEs in Sindh & Balochistan
FrieslandCampina Engro Pakistan Limited (FCEPL) signed a Letter of Intent (LOI) with International Trade Centre (ITC) for Growth for Rural Advancement & Sustainable Progress (GRASP) in Karachi. Growth for Rural Advancement & Sustainable Progress (GRASP) is a European Union-funded project implemented by ITC with its partners, in 12 districts of Sindh and 10 districts of…
Engro posts 14% increase in revenue generation
Engro Corporation Limited (PSX: ENGRO) said its ‘standalone revenue’ had increased from Rs 21 billion to Rs 24 billion in 2022 as compared to the last year, exhibiting a healthy growth of 14 percent. “Higher revenue was achieved primarily due to higher dividends received from Engro Polymer & Chemicals Limited (EPCL), Engro Fertilizers Limited (EFERT),…
Transparency in insurance sector vital to increase public investment: President Arif Alvi
President Dr Arif Alvi, termed due diligence and transparency in the bank insurance as vital for increasing quantum of public investments in the sector and thereby strengthening the economy. He addressing a conference titled “Transparency in Bancassurance and Role of Ombudsman” here at Governor House said that attractive insurance and banking products would not only…
Dar tables Finance (Supplementary) Bill with Rs 170 Billion additional taxes on luxury items, cigarettes, air tickets
Minister for Finance and Revenue Senator Muhammad Ishaq Dar presented the Finance (Supplementary) Bill, 2023 in the National Assembly proposing to impose new taxes of Rs 170 billion to minimize the fiscal deficit. Tabling the supplementary bill in the House, the minister said the government had proposed to increase the General Sales Tax rate on the…