Shell Pakistan signs ABHI as first customer for Voluntary Carbon compensation offer
Shell Pakistan Limited signed ABHI, Pakistan’s first financial wellness platform, as its first official customer for the launch of its new voluntary carbon compensation program. This program provides an avenue for all ABHI employees who are using Shell Fuel Cards to offset hard-to-abate carbon emissions from their fuel consumption by using Shell’s global portfolio of…
Adil Aziz
Seafood exports jump 39.6% to $134 million in 4 months
In terms of quantity, the fish exports increased by 40.93 percent by growing from 36,088 metric tons last year to 50,859 metric tons this year The exports of fish and fish preparations increased by 39.65 percent during the first four months of the current fiscal year as compared to the corresponding period of last year….
Oil Drops as EU Weighs Higher Russian Fuel Price Cap
Oil tumbled to near a two-month low as traders assessed a higher-than-expected price cap on Russian crude between $65 and $70 a barrel and a surprise build in US products. The European Union’s proposed range would be well above Russia’s cost of production and higher than some countries have been paying for its oil. As…
Pakistan Business users to benefit from Availability of SAP Build
SAP announced the launch of SAP Build, a powerful new low code offering to unleash the power of business users, launched at SAP TechEd conference in Las Vegas, USA, recently. SAP Build empowers users of all skill levels to create and augment enterprise applications, automate processes, and design business sites with drag-and-drop simplicity. It brings…
Wheat sowing completed over 50.85% areas
The wheat sowing campaign across the country was in full swing as the grain sowing has been completed in over 50.85 percent of areas against the set targets for the current season (2022-23). So far the wheat cultivation completed over 11.62 million acres of land across the grain-producing areas in the country as the sowing…
Azerbaijan exempts customs duty on rice import from Pakistan till 2027
Azerbaijan’s government has announced an exemption of customs duty on rice imports from Pakistan till December 31, 2027. According to a tweet from Ambassador of Azerbaijan to Pakistan Khazar Farhadov, “The rice import from Pakistan to Azerbaijan is exempted from customs duty until December 31, 2027”. He said this tax exemption announcement would significantly increase…
Exports increase by 35.7% to Rs2.13 trillion in 4 months
The exports from the country in the rupee term witnessed an increase of 35.77 per cent during the first four months of the current fiscal year (2022-23) as compared to the corresponding period of last year. The exports during July-October (2022-23) were recorded at Rs. 2,131,776 million against the exports of Rs. 1,570,136 million in…
Pak-Africa Trade Development Conference to begin on Nov 29 in Johannesburg
The Ministry of Commerce and Investments is organizing third Pakistan Africa Trade Development Conference and Single Country Exhibition from November 29 to December 1st 2022 in Johannesburg, South Africa. In this connection, Federal Minister for Commerce Syed Naveed Qamar held a meeting with High Commissioner of South Africa to Pakistan Mr. M Madikiza at Ministry…
MMBL partners with GSMA to expand Pakistan’s Digital and Financial Solutions
To support the mission of promoting digital inclusion across the nation through innovative financial solutions, Mobilink Microfinance Bank Limited (MMBL), Pakistan’s largest digital bank, is collaborating with GSMA, the global organisation representing mobile operators and the broader mobile ecosystem. Through this partnership, MMBL and GSMA aim to reduce the gender gap in digital financing through…
China signs 27-year gas deal with QatarEnergy to secure supply
Since Russia’s invasion of Ukraine, competition for LNG has become intense with nations trying to replace Russian supply QatarEnergy has signed a 27-year deal to supply China’s Sinopec with liquefied natural gas (LNG) in the longest such agreement to date, as volatility drives buyers to seek long-term supplies. Since Russia’s invasion of Ukraine in February, competition…