Category: Business

ABHI And Lucky Textile Mills Limited Join Hands to Provide AbhiSalary to Employees, Demonstrating Care for Employee Well-being.

Pakistan (Muhammad Yasir)  ABHI, a leading fintech company, has announced a groundbreaking partnership with Lucky Textile Mills, a renowned textile manufacturer, to provide AbhiSalary to its 5,000 employees. This collaboration aims to provide convenient access to advance salaries to LTML employees, showcasing the company’s unwavering commitment to employee welfare. AbhiSalary – Earned Wage Access allows employees to access a portion of their earned wages before their official payday, empowering them with greater control over their finances. This service provides a safety net for unexpected expenses or emergencies, ensuring that employees can meet their financial obligations without resorting to expensive loans or incurring high-interest debts. In today’s fast-paced world, where financial well-being plays a crucial role in overall happiness and productivity, ABHI‘s innovative earned wage access platform comes as a much-needed solution. Employees often find themselves grappling with financial challenges, which have been identified as the number one cause of stress in recent times. Recognizing the importance of prioritizing employee needs and financial well-being, Lucky Textile Mills Limited has taken a significant step towards ensuring the financial security of its workforce. By partnering with ABHI, a recognized leader in innovative financial solutions, LTML is poised to offer its employees a reliable, hassle-free, and flexible Earned Wage Access service. “ABHI is thrilled to join forces with Lucky Textile Mills to offer the service of earned wage access to their dedicated workforce,” said Mr. Mohammed Zaidi, CCO of ABHI. “We understand the immense pressure individuals face due to financial constraints, and our mission is to provide them with the tools to achieve financial stability. By granting employees timely access to their earned wages, we are fostering financial empowerment, enabling them to meet their financial obligations and pursue a more secure future.” “We believe that our employees are the backbone of our success, and their well-being is of utmost importance to us,” stated Mr. Ahsan Fareed Paracha, Adviser to the Management of Lucky Textile Mills Limited. By collaborating with ABHI, we aim to offer our employees a valuable financial tool that not only addresses their immediate needs but also fosters a sense of security and trust within the organization. The partnership between Lucky Textile Mills Limited and ABHI signifies a shared vision to cultivate a supportive work environment that values the needs and aspirations of employees. The company is setting an example for the industry, showcasing how organizations can play an active role in addressing the financial challenges faced by their workforce. This collaboration serves as a testament to LTML’s dedication to its workforce and its continuous pursuit of innovative solutions that enhance the employee experience. 

Karachi (Muhammad Yasir)

TwentyOne Builders and Developers, one of the emerging real estate companies in Pakistan, has Launched Turkish-Style retail and wholesale mall in Pakistan (Karachi) for the first time.

The mall “The Grand Bazaar” has been famous in Istanbul and the same model has been replicated in Karachi, Pakistan. The mall is designed to facilitate business and economic activities while giving a unique experience to the customers as similar to the retail and wholesale shopping mall of Turkey.

We are introducing the wholesale market in the country’s commercial capital, which will be the hub of supplies of significant goods and commodities all over the country, said Mussamir Arif Siddiqui Chief Operating Officer TwentyOne Builders and Developers.

The location had been strategically chosen on Northern Bypass to facilitate wholesale businesses considering the convenience of logistics and supply chains to the whole country. In developed countries, the wholesale markets are located on the outskirts of the city, which is why our project has exclusivity to provide a model to Karachi and significant cities to transform cities as similar to metropolises of developed countries.

From automobiles to toy shops, clothes to groceries, and jewelry. Every sector will be allocated a distinguished space under the customized requirement of businesses, including a food court, fitness gym, and parking.

Investors and people in business will purchase plots in The Grand Bazaar in an open policy, but they can be facilitated on demand with our advanced construction and development services by us. The development of this mega project will stir long-term construction activities in the surrounding area, said Monis Ikhlas, Chief Marketing Officer TwentyOne Builders and Developers.

The single roof and one boundary concept also facilitate the documentation of the economy in which the collection of taxes is easily done by the revenue authorities, he further stated.

Pakistan (Muhammad Yasir)  Careem Pakistan, the leading ride-hailing and technology platform, announces the launch of an exclusive application designed specifically for its esteemed Captains. This revolutionary app, developed in collaboration with Vouch365 (the app’s developer), offers an array of unbeatable benefits, empowering Captains with extraordinary savings and exclusive offers.

Available in Karachi, Lahore, and Islamabad, the exclusive application brings forth a plethora of exciting features and enticing opportunities for Careem‘s top-performing Captains.

 

Key features of the app include:

 

1. 10,000+ Buy 1, Get 1 Free Vouchers: Captains gain access to a vast selection of buy one, get one free voucher spanning various categories such as food, salon & spa services, entertainment, retail, and much more. This extensive array of vouchers ensures Captains enjoy rewarding experiences across the cities they serve.

 

2. Exclusive Captain Offers: Careem’s commitment to prioritising its Captains extends beyond the road. The app offers exclusive Captain-centric deals, including petrol savings and other valuable perks, designed to enhance their personal and professional lives.

 

3. Growing Memberships: Over 400 memberships have already been activated, with plans to activate over 5000+ memberships in the near future. This burgeoning community of members showcases the app’s growing popularity and the exceptional value it delivers to Careem’s Captains.

 

4. Reserved for Top Performing Captains: The application is exclusively available to Careem’s top-performing Captains, recognizing and rewarding their commitment to providing exceptional service. This special privilege reflects Careem’s dedication to fostering a supportive and appreciative community of drivers.

 

5. Empowering Captains’ Financials: By availing the exclusive discounts and offers within the app, Captains stand to save up to PKR 100,000 annually. This financial empowerment empowers Captains to achieve their personal and professional aspirations, contributing to their overall well-being.

Commenting on this innovative launch, Imran Saleem, General Manager Ride Hailing at Careem stated, “Careem is thrilled to present this exclusive application, tailored to reward our Captains for their outstanding dedication and service. This app is a testament to our commitment to supporting our Captains beyond their rides, ensuring they reap the benefits of their hard work and dedication. We are proud to empower them with extraordinary savings, exclusive offers, and opportunities to enhance their lives.”

The exclusive application is set to elevate the captains’ journey with Careem, enriching their daily experiences and contributing to their overall satisfaction and happiness. As Careem continues to revolutionise the transportation industry, the launch of this app reaffirms the company’s commitment to nurturing a mutually beneficial relationship with its valued Captains.

 

Pakistan (Muhammad Yasir)

Daraz, Pakistan’s leading e-commerce platform, has announced the launch of its “Proudly Pakistani” initiative, a pioneering effort aimed at showcasing the nation’s rich cultural heritage while uplifting local artisans and communities. The initiative kicked off on August 14th, aligning with Pakistan’s Independence Day, and embodies Daraz‘s commitment to promoting cultural diversity, economic empowerment, and community development.

Under the “Proudly Pakistani” initiative, Daraz has scouted sellers on-ground as well as partnered with the Aga Khan Rural Support Programme (AKRSP) to support artisans hailing from various corners of the country including Gilgit, Peshawar, interior Sindh, and Multan. These organizations have been working tirelessly to upskill artisans who have been honing their craft for generations, producing exquisite cultural handicrafts that are a testament to Pakistan’s artistic heritage.

By on boarding these talented artisans onto the Daraz platform, providing them with comprehensive online selling training, and offering a range of incentives such as extended marketing support and enhanced platform visibility, Daraz is facilitating the journey of these artisans into the world of e-commerce. This empowering initiative not only offers these artisans a broader market reach but also allows consumers to access and appreciate their unique creations from the comfort of their homes. By supporting these artisans, Daraz is contributing to local economies, fostering entrepreneurship, and preserving traditional craftsmanship in the digital age.

“This initiative embodies our commitment to showcasing the beauty and diversity of Pakistan’s culture while fostering economic growth at the grassroots level,” said Ehsan Saya, Managing Director, Daraz Pakistan. “We are excited to partner with AKRSP to provide these artisans with the tools they need to succeed in the online marketplace, all while allowing consumers to explore and purchase unique offerings that reflect the spirit of our nation.”

The Aga Khan Rural Support Programme (AKRSP) shared their enthusiasm for the collaboration, stating, “We are thrilled to be part of Daraz’s ‘Proudly Pakistani’ initiative, which aligns perfectly with our mission to uplift communities in underserved regions. By providing our artisans with access to a wider market through Daraz’s platform, we are fostering sustainable livelihoods and preserving the rich artistic traditions of Pakistan.”

Looking ahead, Daraz has ambitious plans to expand its partnerships to include more sellers from remote areas, thereby broadening the initiative’s impact. The company aims to introduce additional incentives and support mechanisms, further strengthening the ecosystem and enriching the lives of artisans and communities across Pakistan.

Pakistan (Muhammad Yasir)

Overseas Pakistanis are one of our nation’s most valuable assets. With almost 9 million overseas Pakistanis spread across the globe, their contribution to Pakistan, especially its economy, through remittances, cannot be underscored enough. Pakistani banks as institutions which channelize these remittances play a vital role in streamlining the process and bringing the overseas Pakistanis closer to home and their loved ones.

As part of commemorating Pakistan’s 76^th Independence Day, United Bank Limited (UBL) and Bank Alfalah (BAFL) in association with State Bank of Pakistan’s Remittance Initiative held two back-to-back events in Dubai, UAE. The main objective of the events was not only to celebrate Pakistan’s Independence Day but also to impart to the invitees, knowledge about how to remit back to Pakistan through proper banking channels and be able to bring happiness to loved ones back home and how their remittances can bring a positive momentum to the nation’s progress and development.

The first of these events was held at a local Community Ground in Dubai, on 13^th August 2023. Filled with thousands of enthusiastic blue-collared workers of Pakistani origin, this event included a musical evening followed by a flag hoisting ceremony at the end of the event to commemorate the Independence Day. The event on the 14^th of August was held at a local hotel. This event comprised of speeches followed by a musical performance. Both events were followed by dinner.

Government dignitaries from the Consulate of Pakistan in Dubai, State Bank of Pakistan and Pakistan Remittance Initiative, along with senior executives from UBL and BAFL, were present at both occasions.

Pakistan (Nut Desk)

PSO, the nation’s leading energy company, celebrated Pakistan’s Independence Day at PSO’s head office in Karachi. Managing Director and CEO, Syed Taha hoisted the national flag. To reaffirm our commitment for a greener Pakistan, tree saplings were planted. Company officials attended the event with great zest and zeal.

As the national flag bearer, PSO is dedicated to relentlessly work for the nation’s progress and prosperity.

Etihad Town Phase 1 Lights Up Raiwind Road with a Spectacular Grand Ballot Night and Independence Day Celebration.

Lahore (Muhammad Yasir) Etihad Town Phase 1, located on Main Raiwind Road, sets the stage for an enchanting evening of celebration as it organized a grand ballot event on the 13th of August. Hosted by the dynamic Vasay Chaudhry, the event marked a significant milestone for the community, showcasing its commitment to excellence and innovation.

The highlight of the evening was the eagerly awaited balloting of plot numbers to fortunate individuals who had acquired files, a tangible realization of their investment. This momentous act was a testament to Etihad Town’s unwavering dedication to fairness and transparency.

Continuing the patriotic fervour, the festivities extended to the 14th of August with a mesmerizing concert featuring the celebrated artist Bilal Saeed. The night sky was illuminated with a stunning display of fireworks, embodying the spirit of Pakistan’s Independence Day. Attendees relished a diverse array of culinary delights from the food stalls, elevating the festive atmosphere.

The event was graced by the esteemed presence of the Managing Director, Chaudhry Muhammad Munir along with the Group Directors, Chaudhry Faisal Munir, Chaudhry Sohail Munir and  Chaudhry Raheel Munir along with the Chief Operating Officer, Sheikh ShujaUllah Khan.

The Group Directors together conveyed heartfelt wishes for a joyous Independence Day celebration. They emphasized the vital role that real estate and unified communities play in shaping the nation’s future. They congratulated the Etihad management team and commended the marketing department for orchestrating a spectacular public event. The event’s triumph was a result of the collective dedication and collaboration of all stakeholders involved.

Sheikh ShujaUllah Khan, COO of Etihad Group Real Estate Division, expressed his pride in the successful execution of the grand ballot event and the Independence Day celebrations.  He emphasized, “As we celebrate our nation’s independence, let us also celebrate the spirit of resilience and progress that defines Pakistan’s real estate sector. Etihad Town Phase 1 stands as a symbol of unity and growth. At Etihad Town, timely delivery and quality are at the core of our values. This event not only marks a celebration but also reflects our commitment to ensuring that promises are not just made, but consistently fulfilled.”

 

Lahore (Muhammad Yasir)

In a historic move towards urban development, Punjab Central Business District Development Authority (PCBDDA), also known as Central business District Punjab CBD Punjab, and the Lahore Development Authority (LDA) have signed a Memorandum of Understanding (MOU) to jointly embark on transformative projects for the city of Lahore. The MOU signing ceremony was graced by the presence of Commissioner Lahore and DG LDA, Mohammad Ali Randhawa, and the visionary CEO of CBD Punjab, Imran Amin. The agreement was sealed by Director Marketing CBD Punjab, Waseem Siddique, and Director Admin LDA, Rabia Riasat, who exchanged signed documents, solidifying their commitment to a fruitful partnership. Collaboration between CBD Punjab and LDA heralds a new era of sustainable urban development,” proclaimed Commissioner Lahore, emphasizing the shared vision of the two entities. “This strategic alliance will enhance the scope of our projects and provide superior investment opportunities in our vibrant city.” CEO CBD Punjab, Imran Amin, echoed these sentiments, stating, “Our combined efforts will usher in a paradigm shift in urban planning. This partnership will serve as a catalyst for growth and innovation, creating a dynamic environment for both local and international investors.” To bolster their joint endeavors, a series of events including investor conferences, domestic and foreign road shows, and expos are on the horizon, demonstrating their commitment to effective project marketing. The MOU signing ceremony was attended by luminaries including Additional DG Housing Captain (R) Shahmir Iqbal, Chief Engineer LDA Asrar Saeed, Director Finance Kashif Imran, Director Action Rabail Butt, and Deputy Director Legal CBD Punjab, Ahmed Usman. The partnership between CBD Punjab and LDA marks a significant step forward in Lahore’s urban development journey, promising a brighter and more prosperous future for the city and its residents.

Karachi (Muhammad Yasir)

Pioneering the way forward in Pakistan’s energy sector, Pakistan State Oil (PSO) has yet again made its mark with a significant achievement. The national flag bearer energy company opened the doors of its brand-new aircraft refueling installation at the Skardu international airport in the magnificent region of Gilgit-Baltistan.

This marks PSO as the first Oil Marketing Company in Pakistan to extend its services to this area.

The event was graced by the presence of Mr Khaqan Murtaza, the Director General of the Civil Aviation Authority, Air Vice Marshall, Muhammad Amir Hayat, Chief Executive Officer, Pakistan Airlines (PIA) along with Syed Taha, the Managing Director and Chief Executive Officer of PSO. Also, local dignitaries and senior officials from both entities were present at the occasion.

Skardu Airport, an international gateway in northern Pakistan can accommodate large aircrafts and is ready to receive its first international flight on August 14, 2023. Skardu serves as a key trade and transportation hub for the region while being one of the most popular tourist destinations in the world, especially for climbers and trekkers who travel from all over the world to see the famous K2, the second highest mountain in the world in the Karakorum range of Gilgit Baltistan.

PSO stands unparalleled as the only Oil Marketing Company spanning the breadth of Pakistan – from the Arabian shores to the distant reaches of Sost. This is a feat unmatched, as other market participants are unable to manage supply chains in these areas. Despite the challenges, PSO persevere out of sheer dedication to the national interest.   Boasting a remarkable 98% market share in jet fuel, PSO remains an unparalleled leader. The company’s vast operations span across 13 major airports in the country. Through an unwavering commitment, the company aspire to aid the expansion of both domestic and international airlines to Skardu.

Speaking at the occasion, Mr Khaqan Murtaza, Director General of the Civil Aviation Authority (CAA), said,

“The alliance between two national flag carriers for the development of our country’s aviation infrastructure has indeed been a significant achievement.  This facility will not only enhance the operational efficiency of the airport but also provide a hassle-free experience for airlines. We would like to express our gratitude to PSO for their continuous support and commitment to delivering unparalleled products and services for the aviation industry.”

Talking at the event, Air Vice Marshall, Muhammad Amir Hayat, Chief Executive Officer, PIA, said:

“Regional and International connectivity which will be a game changer for the economic development of Gilgit Baltistan. Owing to this facilitation by PSO and CAA, PIA has attained the unique distinction of operating first international flight to Skardu.” 

Expressing his views, Syed Taha, MD and CEO of PSO, said,

 “Taking pride in over four decades worth of expertise in aircraft refueling, PSO has consistently been at the helm, bolstering the advancement of Pakistan’s aviation industry. We are excited to unveil our latest facility, a testament to our dedication in addressing the ever-evolving energy needs of our nation. Our pride is unrivaled as we contribute to Skardu’s bloom into a vibrant tourism hotspot. Our commitment is unwavering in steering the future course of Pakistan’s tourism sector. At this juncture, we wish to convey our sincere appreciation to CAA for their ceaseless backing throughout this incredible voyage”.

PSO is committed to delivering exceptional value and quality through the supply of best-in-class products, furthering the growth and development of Pakistan’s aviation sector and other industries.

Karachi (Muhammad Yasir)

Lucky Cement Limited (psx: LUCK) won the Environment Excellence Award at the 20th Annual Environment Excellence Awards 2023, organized by The National Forum of Environment and Health (NFEH).

Lucky Cement received the award in recognition to its commitment towards sustainable development and contribution towards protecting the overall environment for a greener Pakistan. The Annual Environment Excellence Awards are the benchmark for environmental standards in Pakistan.

Speaking of the occasion, Mr. Amin Ganny, Chief Operating Officer, Lucky Cement Limited, said, “We at Lucky Cement believe in environment-friendly practices and are committed towards conserving the environment.”

He further added that “Implementation of sustainability into our core business operations has always been one of our main objectives. We follow a comprehensive Environmental Management and Monitoring Plan. The management strongly believes in preserving the ecosystem through the management of gaseous emissions, particulate matter, noise levels, effluents (sewage) and solid waste.”

Sustainable development forms a significant part of Lucky Cement’s business strategies and is one of the key factors that have led the company towards progress and growth. Lucky Cement also holds the prestigious ISO 14001 certification for environmental management, ISO 9001 certificate for its quality management system, and ISO 45001 for health and safety management.  

The National Forum for Environment & Health was established in 1999 and is a non-profit organization with the aim to facilitate and promote environmental, healthcare, and educational awareness amongst the masses. The NFEH is an accredited NGO with United Nation Environment Program (UNEP) and its activities have been appreciated & supported by the Prime Minister of Pakistan, Governor of Punjab, Federal and Provincial Ministries of Environment.