K-3 nuclear power plant likely to achieve COD by March
Pakistan’s 7th Nuclear Power Plant formally known as K-3 is expected to achieve Commercial Operation Date (COD) on March 2022. Sources said here that with the commissioning of K-3 and decommissioning of K-1, the total installed capacity of six nuclear power plants would become 3620MW. The power plant being set up at Karachi is in…
Adil Aziz
Bank AL Habib declares Rs. 18.70 billion profit after tax
The Board of Directors of Bank AL Habib Limited (the Bank) announced the Bank’s financial results for the year ended 31 December 2021 and proposed 70 percent cash dividend. The Bank posted profit after taxation of Rs. 18.70 billion i.e. an increase of 5.00 percent compared to the previous year. The Bank’s profit before tax…
Mobilink Microfinance Bank becomes first Microfinance Institution to secure EFP Membership
Pakistan’s largest digital bank, Mobilink Microfinance Bank Limited (MMBL) has become the first microfinance institution to secure membership of the Employers Federation of Pakistan (EFP), an apex body of employers in Pakistan that spearheads the private sector in matters of employment, industrial relations, social and economic policy. EFP is also a member of the International…
SECP geared towards creating an investment friendly ecosystem for ETFs
The SECP Chairman Aamir Khan said that the SECP is geared towards creating an investment friendly ecosystem, through use of technology for enhancing the market depth, liquidity and outreach, with particular emphasis on increasing the number of investors in our capital markets. Khan was addressing a webinar on “ETFs- an Attractive Avenue of Investment”, organized…
Spices’ export increase 26.67% to $52.518m in 6 months
The exports of spices from the country witnessed an increase of 26.67 percent during the first six months of financial year (2021-22) as compared to the corresponding period of last year. Pakistan exported spices worth US $52.518 million during July-December (2021-22) as compared to the exports of US $41.462 million during July- December (2020-21), showing…
Whatsapp brings global Voice Note Player for Desktop Users
The Meta-owned popular messaging platform WhatsApp has rolled out a new global voice note player that lets users keep listening to voice notes in the background. This feature has been made available for both the iOS and desktop users. According to WABetainfo, a website that tracks WhatsApp updates, the feature enables users to listen to…
G-77 urges push towards debt sustainability, food security and sustainable development
Pakistan’s UN Ambassador Munir Akram, in his capacity as the Group of 77 Chairman, has called for mobilization of resources to enable the pandemic-hit developing countries to eradicate poverty and hunger and achieve the Sustainable Development Goals (SDGs). “Unprecedented times call for an unprecedented response from the international community based on the principles of responsibility…
ECC Approves Textiles and Apparel Policy, 2020-25 With Certain Amendments
Federal Minister for Finance and Revenue Shaukat Tarin presided over the Economic Coordination Committee (ECC) of the Cabinet, here on Wednesday. Ministry of Commerce submitted revised Textiles and Apparel Policy, 2020-25 after incorporating few changes along-with implementation report. The ECC after deliberation approved the policy with certain amendments. The ECC discussed in detail and approved…
Food Security Ministry to organize conference on cotton in March
Ministry of National Food Security and Research would organize first cotton conference in March to discuss the issues and challenges faced by cotton growers and to device an action plan for promotion of the major cash crop. This was stated by Minister for National Food Security and Research Syed Fakhar Imam, while chairing the annual…
Edotco Health and Safety Management System receives International Standardisation
Edotco Towers Pakistan Pvt. Ltd (edotco Pakistan), an integrated telecommunications infrastructure services company, has become the first Tower Company in Pakistan to achieve the ISO 45001:2018 Occupational Health & Safety Management Systems Certification. ISO 45001:2018 is a globally recognized occupational health and safety standard developed by the International Organization of Standardization (ISO) that guides organisations…