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Master Group of Industries (1963), one of Pakistan’s leading corporate and consumer-focused industrial groups, is proud to announce the launch of its #DontLetThemSleepHungry initiative. The campaign will aim to raise funds to provide rations for 30,000 people severely affected by the ongoing COVID-19 pandemic. The Group has partnered with Saylani Welfare Trust, which will perform […]
Mobilink Microfinance Bank has recorded double-digit growth of 12% year-on-year in 2019 with a handsome increase in its values of assets, deposits, and loan portfolio. The bank’s profits increased to Rs. 920million in 2019 from Rs. 818 million in 2018, showing an increase of Rs. 102 million. The microfinance bank maintained the highest profit values […]
The State Bank of Pakistan (SBP) has opened up its subsidized Temporary Economic Relief Facility (TERF) for Balancing, Modernization and Replacement (BMR), and expansion of existing projects. This measure has been taken to provide further stimulus to the economy in the context of COVID‐19’s impact on the economy, to support investment in the country for […]
Since its launch of Refinance Scheme to Support Employment and Prevent Layoff of Workers, called Rozgar Scheme in common parlance, State Bank has been constantly receiving feedback from various stakeholders, making the scheme more facilitative for businesses and creating incentives to prevent the layoff of employees under current COVID Pandemic scenario. Many of the changes […]
EMPG, the parent company of Pakistan’s largest real estate portal Zameen and one of the leading digital classifieds groups in the MENA, South Asia, and Southeast Asia regions, has announced its acquisition of Lamudi Global, which has businesses in the Philippines, Indonesia, and Mexico. The group said the acquisition had taken place before its merger […]
As part of its PKR 100 million commitment to support vulnerable communities affected by the COVID-19 pandemic, Nestlé Pakistan has partnered with leading non-governmental organizations Shahid Afridi Foundation, Saylani Welfare International Trust, RIZQ, Salman Sufi Foundation, and Akhuwat to support them in their relief activities. Nestlé Pakistan’s product donation towards government and non-government organizations, […]
Reckitt Benckiser (RB), the Multinational producer of hygiene, health, and nutrition products including Dettol, Harpic, and Robin has pledged to invest another Rs500 million to help the country fight the CoVid-19 pandemic. According to WHO’s Director-General, Dr. Tedros Adhanom, without effective interventions there could be an estimated 200,000 cases by mid-July in Pakistan. The impact […]
Pakistan Telecommunication Company Limited (PTCL), embarks upon a massive Ramazan ration drive to provide relief for families affected during the Coronavirus pandemic. The ration drive initiative will be covering 25 cities across Pakistan in the coming days. The ration packs for an entire month comprising of essential food items were distributed amongst a few beneficiary […]
Karandaaz Pakistan, with financial support from the UK’s Department for International Development (DFID), is helping the Securities Exchange Commission of Pakistan (SECP) digitalize its key operations. In the first phase of this process, a digital Secured Transactions Registry (STR), governed by The Financial Institutions (Secured Transactions) Act, 2016 has been launched. The STR is an […]
Emirates operates special flights to repatriate Pakistani nationals from the UAE. These special flights to Islamabad, Karachi, and Peshawar facilitated travel for residents and visitors wishing to return home. Flight EK612 carrying passengers from Dubai International airport arrived in Islamabad at 1630 hours on 07 May, and EK608 arrived in Karachi later on 07 May […]