Anti-Israel boycotts hit the businesses of soft drinks, KFC and McDonald’s in Asia
In Pakistan, local water and soft drink brands at some grocery stores are being given prominent shelf space and preference instead of Coca-Cola and Pepsi, which have been popular drinks in the country for decades. Multiple posters circulated among Pakistani citizens that label large multinational companies, including both the US beverage brands, as Israeli-linked products.
Adil Aziz
PSX Introduces Text-to-Speech Feature on its Website
Pakistan Stock Exchange (PSX) proudly announces the launch of its new Text-toSpeech feature on its website, specifically tailored for the blogs and articles section. This audio enhancement aims to significantly improve accessibility and convenience for users browsing specific content available on PSX website.
Mehfooz
UAE President commits $10 Billion investment in Pakistan
President of the United Arab Emirates (UAE) Sheikh Mohamed bin Zayed Al Nahyany assured his country’s full support to Pakistan in all circumstances, pledging to invest $10 billion in its multiple sectors. The UAE President made the commitment during a bilateral meeting with Prime Minister Muhammad Shehbaz Sharif.
Editor
Suzuki Motor Corporation wants to set up a Biogas Plant in Karachi: Mr. Kenichi Ayukawa
Mr. Kenichi Ayukawa, Global Vice President, Suzuki Motor Corporation shared that Suzuki Motors Corporation wants to set up a biogas plant in Karachi. The renewable energy will be produced by using food waste and animal manure. The Federal Minister, Rana Tanvir Hussain assured the visiting delegation that government will provide necessary support and facilitation to Suzuki Motor Corporation in business operations and expansion in Pakistan.
Engro fertilizers win IFA Green Leaf Award 2024
Engro fertilizers, Pakistan’s premier seed-to-harvest solutions provider has been recognized as the winner of the prestigious International Fertilizers Association (IFA) Green Leaf Award 2024 in the Nitrogen Category, for its exceptional performance in health, safety and environmental (HSE) practices.
Poland-Pakistan trade volume more than US$920 million: Polish Ambassador
The Ambassador of Republic of Poland Maciej Pisarski has informed that the overall trade volume between Poland and Pakistan has reached to more than US$920 million, of which Pakistan exported goods worth US$800 million due to GSP Plus arrangement which gives duty free access of Pakistani goods to Polish Market whereas Poland’s exports to Pakistan stood at US$128 million last year.
RDA inflows rise to $7.831 Billion in April 24
The inflow of remittances under Roshan Digital Account (RDA) has risen to US $7.831 billion by the end of April 2024 as compared to US $7.660 billion by march (2024) end, according to the State Bank of Pakistan.
SECP Commissioner launches NBFI & Modaraba Year Book 2023
The launch ceremony, held at the Association’s office was attended by a large number of industry representatives. The Year Book indicates that despite its challenges, the NBFIs and Modaraba sector has shown significant improvement, particularly in terms of assets, profitability, dividend distribution and tax payments. The assets of the sector increased to Rs 158,404 million in FY 2023 as compared to Rs. 142,918 million in FY 2022.
SECP conducts Workshop on Collaboration with China in Capital Markets
The participants deliberated ways to strengthen connections between the capital markets of both countries and to enhance Chinese investment in Pakistan’s capital markets. Specific suggestions included exploring cross listings between the respective stock exchanges, establishing joint ventures between Chinese firms and their local counterparts, and creating Exchange Traded Funds (ETFs) to provide Chinese investors with easier access to Pakistan’s capital markets.
Mashreq Pakistan selects PTCL to expedite the bank’s Digital Transformation journey
Pakistan Telecommunication Company Limited (PTCL) and Mashreq Pakistan, a part of Mashreq which is the leading financial institution in the MENA region, have signed an agreement for provisioning of primary data center colocation services at PTCL’s Tier-III Data Center facility.