PM Shahbaz Sharif appeals to rich nations for ‘substantial’ debt relief as Pakistan floods losses exceed $30 billion
Prime Minister Shehbaz Sharif on Friday made an urgent appeal for a “substantial” debt relief from rich nations as catastrophic floods exacerbated by climate change displaced millions of people in the country. In an interview with Bloomberg Television in New York, he said Pakistan had high debt obligations in the next two months. PM Sharif…
Adil Aziz
Bakhtawari elected as new ICCI president
The nominated presidential candidate of Founders Group, Ahsan Zafar Bakhtawari has Secured record 987 and achieved historical victory in the annual election 2022-23, of the Islamabad Chamber of Commerce and Industries (ICCI). In the annual election 2022-23 of the Islamabad Chamber of Commerce and Industries, the Founders Group won all the seats of the executive…
Government to provide subsidy on seeds, fertilizers for farmers of flood hit areas
Minister for National Food Security and Research Tariq Bashir Cheema Thursday said that government would provide subsidize seeds and fertilizers to support the flood affected farmers of the country during upcoming Rabi season. While talking to a delegation led by Regional Director for Sustainable Development South Asia of World Bank John A Roome, the minister…
SAP Driving Digital Transformation for Progress in Pakistan
Saquib Ahmad, Country Managing Director, SAP Pakistan, held a media meet-up at a local hotel to apprise the press of the impact and contribution of SAP’s operations in Pakistan. SAP is deeply-rooted in all segments of business and operations. For Pakistan, it has been instrumental in shaping and expanding the industry to create a global…
Pak-Qatar Asset Management Company announces approval of Shariah Compliant Collective Investment Schemes
Pak-Qatar Asset Management Company Limited (PQAMCL) recently announced that the Securities and Exchange Commission of Pakistan (SECP) has accorded approval for the launch of its Shariah Compliant Collective Investment Schemes (Mutual Funds). PQAMCL is going for IPO of its funds. PQAMCL obtained its license to operate as an Asset Management Company and Investment Advisor in…
MMBL Announces Major Policy Changes to Financially Empower Employees amidst Inflation
Pakistan’s largest digital bank, Mobilink Microfinance Bank Limited has announced the conversion of all of its Bank Contract Employees to Full-Time Employees (FTEs). Under the policy change, contractual employees will be habilitated to permanent employees in phases, subsequently getting medical insurance for them as well as their families. The FTE policy revisions reflect MMBL’s commitment…
Current Account Deficit falls to $0.7 billion in August
The current account deficit shrank to $0.7 billion in August compared to $1.2 billion in July 2022, largely reflecting a continued moderation in overall imports. Cumulatively, in Jul-Aug of current fiscal year (FY 23), Current Account Deficit (CAD) declined by $0.5 billion to $1.9 billion compared to the same period last year mainly due to…
PTCL Group, PRCS collaborate to provide safe & clean drinking water to flood-affected families in Sindh & Balochistan
PTCL & Ufone 4G have joined hands with the Pakistan Red Crescent Society (PRCS) to provide safe and clean drinking water to thousands of people including children and elderly in flood-affected areas of Sindh and Balochistan. Through this initiative, the locals will stay protected from a range of waterborne diseases caused by floods that have…
ADB approves $100 million to improve secondary healthcare in KPK
The Asian Development Bank (ADB) has approved a $100 million results-based loan to help strengthen the quality of secondary health care in Khyber Pakhtunkhwa province in Pakistan. The program will help improve the delivery of health services at secondary hospitals by modernizing infrastructure and equipment; ensuring clinical protocols, standards, and guidelines are implemented; and improving…
Mondelez Pakistan’s Hub Plant wins Annual Environmental Excellence Award at the National Forum on Environment & Health
Mondelez Pakistan achieved another milestone in establishing greener, more sustainable operational infrastructures by bagging the coveted Environmental Excellence Award 2022 presented by the National Forum for Environment & Health (NFEH) Pakistan. The prestigious accolade is presented to organizations that are dedicated towards the mission of effective implementation of local as well as international environmental standards…