P&G PAKISTAN DELEGATION MEETS PRESIDENT ARIF ALVI; DISCUSS INVESTMENTS & FUTURE OUTLOOK
A delegation of senior executives, led by Adil Farhat, Chief Executive Officer, P&G (Procter & Gamble) Pakistan, met President Arif Alvi in Islamabad this week. The Company reaffirmed its commitment to Pakistan and to continue serving consumers and the community through its brands and operations in the country. President Alvi lauded P&G’s efforts and said…
Adil Aziz
Byco Petroleum Pakistan Limited is now Cnergyico Pk Ltd.
Byco Petroleum Pakistan Limited (BPPL), Pakistan’s largest oil refinery in terms of both design and installed capacity, has announced that it would change its name from Byco Petroleum to Cnergyico Pk Limited. Commenting on the occasion Mr. Amir Abbassciy, Chief Executive Officer – Cnergyico Pk Ltd, said, “The journey from Bosicor to Byco and then…
Female CEO from Pakistan secures global accolade in Tech Leadership at the 2021 Banking Tech Awards in London
Ammara Masood, CEO of NdcTech is the Winner for “Women in Tech” leadership category at the 2021 Global Banking Tech Awards hosted in London by Fintech Futures. This is truly a valuable recognition competing globally with the top tech leadership in the financial industry among other contenders. The award is an accolade for a leader…
Careem invested $100 million since 2015, created 800,000 employment opportunities
(An independent report by Oxford Economics “The Socio-Economic Impact of Careem”, including data from 2015-2019) Careem, the Super App of the greater Middle East and Pakistan, has partnered with Oxford Economics to release “The Socio-Economic Impact of Careem”, an independent report including data from 2015-2019. The report is a detailed account of how Careem has…
Deposit Agreement Signed between the Saudi Fund for Development (SFD)and the State Bank of Pakistan
A deposit agreement between the Kingdom of Saudi Arabia, represented by the Saudi Fund for Development (SFD), and the Government of the Islamic Republic of Pakistan, represented by the State Bank of Pakistan (SBP), has been signed today by the Chief Executive Officer of SFD, H.E. Sultan Bin AbdulRahman Al-Marshad and the Governor SBP, Dr….
FPCCI terms gas crisis, huge taxes threatening for export
Mian Nasser Hyatt Maggo, President of the Federation of Pakistan Chambers of Commerce and Industry has urged the government to take effective measures to overcome the gas crisis and ensure uninterrupted supply of gas to industries as well as reduce electricity tariffs. If the government does not address the problems of electricity and gas, trade…
foodpanda celebrates successful launch of Pandafly at Dubai Expo
foodpanda, Pakistan’s leading food delivery company, and also the largest e-commerce platform, eagerly exhibited the Pandafly drone at the Pakistan Pavilion in Dubai Expo. The event is a testament to foodpanda’s commitment to grow and innovate through adoption of disruptive technology, as well as showcase the tremendous support and an enabling environment offered by the…
PSX Lists First GEM Board Company
In a watershed development at Pakistan Stock Exchange (PSX), Pak Agro Packaging Limited (PAPL) becomes the very first company to be listed on PSX’s Growth Enterprise Market (GEM) Board. The GEM Board is a listing platform created to facilitate growth enterprises whether small, medium or greenfield businesses for their capital raising needs. Adviser to the…
Under-invoicing in fisheries exports should be curbed: Mahmood Moulvi
Karachi: Special Assistant to the Prime Minister for Maritime Affairs Mahmood Moulvi on Monday stressed the need to curb “under-invoicing” in fisheries exports, saying that a minimum export price must be imposed in a systematic manner. The Special Assistant made these remarks during a meeting with Muslim Mohammadi, Chairman, Pakistan Fisheries Exporters Association in Karachi….
SBP releases Annual Report on The State of Pakistan’s Economy
The State Bank of Pakistan released today its Annual Report on the State of Pakistan’s Economy reviewing the fiscal year 2020-21. According to the report, Pakistan’ economy rebounded during FY21, with real GDP growth rising to 3.9 percent. Importantly, this expansion in economic activity was accompanied by a 10-year low current account balance that contributed…