FrieslandCampina Engro Pakistan Limited posts strong financial results in Q1, 2023
FrieslandCampina Engro Pakistan Limited (FCEPL) announced its financial results for Q1, 2023. The Company reported a revenue of PKR 22,651 million in the first quarter, showcasing 62% topline growth versus last year, driven by mix improvement, widening our distribution footprint, and volume growth in both, the Dairy-Based Products and the Frozen Desserts segments. Despite inflation…
Adil Aziz
Meezan Bank declares Rs15.4 Billion profit after tax in Q1
Meezan Bank Limited’s profit after tax increased to Rs 15.4 billion from Rs 9.2 billion in the corresponding period last year with a growth of 68% for the quarter that ended March 31, 2023. The Board of Directors of Meezan Bank Limited held to approve the financial statements of the Bank for the quarter that…
At UN, Pakistan to unveil its climate investment portfolio seeking funding for projects
Pakistan is set to present its climate investment portfolio evening at a session of the United Nations Sustainable Development Goals (SDGs) Investment Fair 2023, which brings together governments, the private sector, and financial intermediaries to boost financing for development. “Basically we are seeking foreign investments into projects that can help the Government of Pakistan tackle…
Compliance center opened at commerce ministry to facilitate businesses, exports
Ministry of Commerce Syed Naveed Qamar inaugurated the first-ever National Compliance Centre (NCC) to ensure international compliance requirements and facilitate the manufacturers, exporters, and certification agencies through information sharing and training/capacity building. Addressing the launching ceremony of the center, the minister reiterated the resolve of the government to accelerate efforts for promoting sustainable and inclusive…
PTCL Group Posts Double Digit Revenue Growth of 23%
Pakistan Telecommunication Company Limited (PTCL), the leading provider of telecom and ICT services in the country, has announced its financial results for the quarter ended March 31, 2023. The announcement was made during a Board of Directors’ meeting held in Islamabad on April 17, 2023. During the first quarter of 2023, PTCL Group sustained its…
President directs reimbursement of 57,172 AUD health insurance claim to a citizen
President Dr Arif Alvi has upheld the decision of the Federal Insurance Ombudsman (FIO) directing an insurance company to reimburse the full health insurance amount of 57,172 Australian Dollars (AUD) to a citizen, who had been denied the insured amount on flimsy grounds, within 30 days. The complainant (Fahad Mahmood) had obtained a Worldwide Travel…
Eight vessels carrying 400,000 MT wheat arrive at Gwadar port till-date: Planning Ministry
Around eight vessels carrying 400,000 Metric Ton (MT) of wheat from different countries have so far anchored at the Gwadar seaport in line with the special directives of Prime Minister Muhammad Shehbaz Sharif to operationalize the newly-built facility, starting from March 3, 2023. Under this initiative, the government would import overall 450,000 MT of wheat…
TPL Life Signs with Hello Doctor to Expand Its App-Based Tele-Health Platform
Ensuring That Health and Welfare Reaches to Every Pakistani Digitally TPL Life, Pakistan’s fastest-growing insurtech, signed a ‘memorandum of association’ with Hello Doctor, a subsidiary of the Rehability UK group. The partnership aims to establish convenient bridges of communication and access between doctors and patients via the TPL Life app. The MoU was signed at…
SBP reminds public to encash withdrawn prize bonds by extended deadline of June 30
The State Bank of Pakistan (SBP) reminded the citizens to encash or redeem withdrawn prize bonds by June 30, 2023 to avail the final opportunity that was unlikely to be extended further. The central bank, in a statement issued here, stated that withdrawn prize bonds of Rs.7500, 15,000, 25,000 and Rs. 40,000 could be redeemed…
Chinese enterprises, companies invited to participate in TEXPO in Karachi
Pakistan Ambassador to China, Moin ul Haque has invited Chinese enterprises and companies to visit Pakistan and participate in the 4th International Textile Exhibition called TEXPO 2023 to be held in Karachi next month (May). “I would like to take this opportunity to invite the Chinese enterprises and companies to come and join us at…