Category: Business

Pakistan (Muhammad Yasir) The Accountability Court has honourably exonerated and acquitted our Chairman Mr. Hussain Dawood, Director Mr. Abdul Samad Dawood, and former CEO Mr. Sheikh Imran ul Haq, in the award of the LNG contract to Engro Elengy Terminal Limited, as no evidence was found to prove any illegality, irregularity, or loss to the…

Karachi (Muhammad Yasir) On the occasion of Labor Day, ABHI and Soorty have released a documentary reflecting on transformative change and showcasing the impact of their collaboration on the lives of workers. From blue-collar workers to C-level executives, individuals from all walks of life have benefited from Earned Wage Access, experiencing financial freedom and security.…

Pakistan (Muhammad Yasir) Pakistan’s leading digital operator, Jazz, announces the successful closure of its PKR 15 billion Sukuk, marking the first ever and largest short term unsecured Sukuk by a telecom operator in Pakistan. This will pave way to an entirely new funding avenue for Jazz to fund its 4G for all digital ambitions. With…

Lahore (Muhammad Yasir) TCL, Pakistan’sNo.1 LED TV brand, rejoices in its collaboration with Gamers Galaxy as the technology partner for the Gamers Galaxy eSports Festival 2024 held at Expo Center Lahore, with a prize pool of PKR 2.5 million attracting top-tier players and teams from across the country. Following two days of exhilarating competition in…

Lahore (Muhammad Yasir) The 18th edition of ‘Pakistan Oil, Gas & Energy Exhibition’ (POGEE), is receiving tremendous response from the leading international and local Energy-companies and stakeholders of this key industry. The exhibition will take place from 8th to 10th May 2024, at the Lahore Expo Centre. The energy sector of Pakistan plays a vital role in…

OICCI Launches 2nd Edition of IPR Manual amidst Lax Enforcement Concerns Karachi (Muhammad Yasir) Effective protection of intellectual property rights [IPR] is essential for attracting and retaining FDI [Foreign Direct Investment]. According to the OICCI IPR Survey 2023, infringements resulted in a loss of up to Rs800 billion to the national exchequer last year alone.…

Dubai, UAE (NUT DESK) Mashreq Releases 1Q 2024 Financial Results: Paving the Way for Sustainable Growth. Mashreq is pleased to disclose its financial results for the first quarter of 2024, demonstrating the bank’s steadfast commitment to strategic priorities centered on client-centricity, operational and financial efficiency, robust risk management, and a people-first culture. These results emphasize…

Pakistan (Muhammad Yasir) Maintaining its growth momentum, BankIslami delivered an impressive return for its shareholders, with a remarkable 99% surge in its profit before tax for the first quarter of 2024. The Bank’s profit before tax reached Rs. 6.3 billion, with a post-tax profit of Rs. 3.2 billion, representing a growth of 79.2%. Despite adverse…

Lahore (Muhammad Yasir) TPL Insurance, a leading provider of innovative insurance solutions, is proud to announce a strategic partnership with Regal Automobiles Industries Ltd. (RAIL), a renowned name in the automotive industry. The memorandum of understanding (MoU) signing ceremony solidifies the alliance between the two entities, paving the way for groundbreaking offerings in the automotive…

Pakistan (Muhammad Yasir) FrieslandCampina Engro Pakistan Limited (FCEPL) announced its financial results for Q1, 2024, delivering a strong topline growth of 21% (PKR 27.5 billion compared to PKR 22.7 billion in the same period last year) despite the challenging operating environment and economic slowdown. This increase was fueled by volume growth and relevant consumer offerings.…