Category: Business

Pakistan (Muhammad Yasir) realme, one of the world’s leading smartphone brands, has announced the launch of its latest smartphones, the realme 12 and realme 12+ 5G in Pakistan. These devices are set to revolutionize the market with their advanced features and competitive pricing, posing a formidable challenge to existing competitors. The realme number series has…

Karachi (Muhammad Yasir) Mastercard, a global technology company in the payments industry, has partnered with ABHI, an embedded finance platform, to introduce the Mastercard-enabled Salary Advance Cards for the first time in Pakistan. ABHI users will be able to order this card via the ABHI app, 24/7 call center, or through the HR departments of…

Pakistan (Muhammad Yasir) The government has disallowed 25% Sales Promotion, Advertising and Publicity (SAP) expense creating a significant marketing cost especially to multinationals that rely on advertising to sell fast moving consumer goods (FMCG). This means a higher tax liability for foreign companies, already struggling with current macroeconomic conditions. It also means an anti-competitive and…

CDC eliminates Annual Maintenance Fee for the Sub-Account Holders & full waiver of the CDS connection fee and minimum fees for Securities Brokers! Karachi (Muhammad Yasir)  The Central Depository Company of Pakistan Limited (CDC) has completely eliminated Annual Maintenance Fee for the Sub-Account Holders, as well as announced a full waiver of the CDS connection…

realme Unveils Shaheen Afridi as Brand Ambassador, Teases Major Announcement on June 26. In an exciting move, realme has announced the appointment of Shaheen Afridi, Pakistan’s star fast bowler, as its new brand ambassador. Known for his outstanding performances on the cricket field, Afridi’s dynamic and energetic persona aligns perfectly with realme’s brand ethos of…

Lahore (Muhammad Yasir) S&P Global, a provider of credit ratings, benchmarks, analytics and workflow solutions in the global capital, commodity and automotive markets is proud to celebrate its 19th anniversary of operations in Pakistan this month. Since its establishment in 2005, S&P Global Pakistan has been at the forefront of providing essential intelligence that enables…

Karachi (Muhammad Yasir) Engro Fertilizers has completed the largest-ever (55 days) scheduled maintenance activity of the EnVen Plant as planned on June 18, 2024. Established in 2011 with an investment of USD 1.1 billion, the EnVen Plant has an annual production capacity of 1.3 million tons and is the most energy efficient fertilizer plant in…

Lahore (Muhammad Yasir) Punjab Central Business District Development Authority (PCBDDA) also known as Central Business District Punjab (CBD Punjab) has successfully received and opened the financial and technical bids for the Celestia Tower which will be constructed in Pakistan’s premier and largest IT hub, CBD NSIT IT City. The NSIT Celestia Tower project attracted bids…

Lahore (Muhammad Yasir) SparkTank by Beaconhouse, Pakistan’s first business incubator for 10-19 year-olds, celebrated the graduation of its inaugural cohort at an event titled ‘The SparkTank. Showcase’ held at the Ramada Hotel Gulberg, Lahore. The SparkTank Showcase featured five promising startups developed by eight students over a five-month incubation period from September 2023 to February…

Lahore (Muhammad Yasir) In a significant development for Pakistan’s footwear industry, The Association of Guangdong Shoes Manufacturers, TAGSM of China has expressed its intention to invest billions of rupees in Pakistan’s shoe industry.   Mr Suilong Liu, Chairman AGSM visited Lahore alongwith 10 Chinese Delegates from 3 – 8 June 2024 . PFMA host the Chinese…