Pandamart records milestone with 50th store opening in just one year
Pandamart, the country’s leading online groceries delivery platform has achieved a major milestone of establishing over 50 stores within just over a year since the first store was opened in Bahadurabad, Karachi in November 2020. The 50th store was opened in DHA Phase 8, Karachi on the eve of the new year, on December 31,…
Adil Aziz
Etisalat crowned as the strongest telecom brand in the world
Etisalat becomes the first brand from the MEA region to achieve this global recognition by Brand Finance among 500 global brands With a telecom portfolio brand value of over USD 12.5 billion, Etisalat has also retained its position as both MEA’s most valuable telecom portfolio as well as strongest brand across all categories Group CEO…
CPEC Western Route development strategically significant: Chinese scholar
The China Pakistan Economic Corridor (CPEC) Western Route development is strategically significant to realize broader connectivity and regional common prosperity. These views were expressed by Cheng Xizhong, visiting Prof. at Southwest University of Political Science and Law, and former Defence Attache in South Asian countries said. The construction of the Hakla-D I Khan Motorway, a…
CPEC beneficial for both countries, everyone who participates in it: Moeed Yusuf
National Security Adviser Moeed Yusuf said that in the truest sense, the China Pakistan Economic Corridor (CPEC) is a beneficial for both the countries as well as anyone and everyone who participates in it. He expressed these views while sharing his views on the increasingly strong ties between China and Pakistan and the development of…
Honda Atlas Cars posts Rs446 million profit in Q3 of 2021
Honda Atlas Cars announced a net profit of Rs446 million translating into earning per share (EPS) of Rs3.12 for the quarter ended December 31, 2021. The company’s profit was recorded at Rs939 million (EPS: Rs6.58) in the previous quarter of the year 2021. The decline in the earnings during the quarter can be attributed to…
Locally Assembled Mobile Phones reach record high
Pakistan has surpassed imports and achieved self-reliance in local assembling of mobile phones of almost all major brands. In calendar year 2021, local manufacturing plants produced 24.66 million mobile devices, compared to 13.05 million in 2020, marking an 88 percent increase. Commercial smartphone imports fell to 10.26 million in 2021, down from 24.51 million in…
Karot Power Company wins NEPRA CSR stalwart award
Ambassador of China to Pakistan Nong Rong Wednesday expressed gratitude over the NEPRA’s CSR Stalwart Award to the Karot Power Company, the entity for Karot hydro power project under the umbrella of China Pakistan Economic Corridor (CPEC). In a tweet, the Chinese envoy said the company was awarded for its unwavering commitment to community development….
Banking Mohtasib provides Rs709 million relief to banking customers
The Banking Mohtasib Pakistan (BMP) has provided relief amounting to Rs709 million to the banking customers in 2021, a statement said on Tuesday. The bank disposed of 32,592 complaints out of 37,364 during the year 2021, which is about 87 per cent of the total complaints as compared to the year 2020, where Rs598 million…
IMF postpones sixth review of Pakistan loan, again
It will now be held on February 2 The International Monetary Fund has postponed its sixth meeting to review steps taken by the Pakistani government to implement its demands. The session, which was scheduled for January 28, will now be held on February 2, according to IMF. This is the second time the meeting has…
PM Imran Khan launches health card for residents of Islamabad
Prime Minister (PM) Imran Khan has launched Naya Pakistan Qaumi Sehat Card scheme in Islamabad on Wednesday. Under the scheme, all families of Islamabad, Punjab, Azad Jammu and Kashmir (AJK), Gilgit-Baltistan (GB), and Tharparkar will be provided free medical treatment of Rs1 million a year at government and private hospitals. Addressing the launching ceremony of…