Pakistan ranks second as more than 1.2 Million people offered Umrah in ongoing season
A total of 1,267,490 Umrah pilgrims arrived in the Kingdom since the beginning of the Umrah season commenced on Muharram 1, 1444 Hijri (July 30) as Pakistan came second with 195,224 pilgrims. An overwhelming majority of 880,929 Umrah pilgrims came by air, according to a report of the Saudi Arabia’s Ministry of Hajj and Umrah….
Adil Aziz
ADB to provide up to US$ 2.5 Billion under flood relief support to Pakistan this month: Country Director
The Asian Development Band (ADB) will provide flood relief support to Pakistan to the tune of US$ 2.3 to 2.5 billion including US$ 1.5 billion for the BRACE program which will be placed before the ADB Board for approval during this month, Country Director ADB for Pakistan Yong Ye told Finance Minister Senator Mohammad Ishaq…
Faysal Bank & K-Electric Collaborate for Customer’s Relief in times of Economic Crunch
Faysal Bank Limited (FBL), one of the leading Islamic Banks in the country, and K-Electric have come together to ease customer’s payment burden in times of economic crunch. As part of the collaboration, Faysal Islami Noor Card holders will now be able to pay their electricity bills through easy installment plan options of up to…
Modalities to reduce winter gas shortfall discussed
Modalities for provision of adequate gas supply for domestic and industrial consumption and reducing the shortfall in the winter season were discussed during a meeting. The meeting was presided over by Federal Minister for Finance and Revenue Senator Mohammad Ishaq Dar, said a press statement issued by finance ministry. Among others, the meeting was attended…
Meezan Bank wins ‘Best Company in Financial Category’ award
Meezan Bank, Pakistan’s leading Islamic bank has been conferred with the top honour in the Financial Sector category at the Management Association of Pakistan’s (MAP) 37th Corporate Excellence Awards ceremony held recently, at Movenpick Hotel, Karachi. The Award recognizes Meezan Bank for its outstanding performance and demonstrating progress and enlightened management practices. Founding President and…
Services’ trade deficit shrinks 9.84% as exports grow by 8.25% in 2 months
On year-on-year basis, the services exports during the month of August 2022 grew by 4 percent to US$575.14 million against the exports of US $ 553 million during August 2021 The services trade deficit shrunk by 9.84 percent as exports witnessed growth of 8.25 percent during the first two months of the current fiscal year…
Lucky Cement Awarded MAP’s Corporate Excellence Award
Lucky Cement Limited (PSX: LUCK) won the Management Association of Pakistan’s Corporate Excellence Award in the Cement Sector category. Atif Kaludi, Chief Financial Officer of Lucky Cement Limited received the award at the 37th MAP Annual Corporate Excellence Award Ceremony held at a local hotel yesterday. The Corporate Excellence Awards was instituted by MAP in…
InfraZamin Pakistan Webinar; Innovative Solutions for Adaption to Climate Change in Pakistan
Pakistan is the 5th most vulnerable country to climate change; therefore, it is critical to build awareness on this subject and more importantly find collective solutions on how to adapt to the impact of climate change. InfraZamin held its first of a series of webinars with the objective of understanding, working with and preparing for…
FrieslandCampina Pakistan and WWF partner to regenerate the environment
FrieslandCampina is partnering with the World Wide Fund for Nature (WWF-Pakistan) on a tree plantation initiative to increase local resilience to the impact of climate change and increase tree cover. The collaboration will focus on the plantation of indigenous trees to help combat pollution, deforestation, and urban flooding. Under the partnership, FCEPL team planted mangrove…
SBP directed to take action against manipulators of exchange rate volatility
The National Assembly Standing Committee on Finance and Revenue on Tuesday directed the State Bank of Pakistan to take appropriate action against all the banks and exchange companies involved in manipulating volatility of the exchange rate. The State Bank has also been asked to take appropriate action against elements involved in exchange rate manipulation so…