K-Electric signs MoU to convert Karachi’s historic Marriott Road into landscaped pedestrian enclave

KARACHI: Under its corporate social responsibility programme, K-Electric signed a Memorandum of Understanding (MoU) on October 6, 2020, with the Heritage Foundation for restoring Marriott Road to its former glory. As a commitment to promote cultural heritage and beautification in Karachi, KE signed the partnership at the Commissioner Karachi office…. Continue reading

Utilizing Digital Platforms to Help Farmers Improve Agricultural Productivity Bayer Pakistan Facilitates Knowledge Sharing Among Farmers through its Learning Center

Karachi: Bayer Pakistan’s Crop Science division organized a Digital Farmer Learning Center, streamed live on social media from the company’s Punjab-based research facility, to promote the adoption of best farming practices, and showcase Bayer’s latest technologies along with high-performing seed and crop protection products. Even during the COVID-19 pandemic, agriculture… Continue reading

PIA repatriats over 100,000 passengers in largest such operation in country’s history

Karachi: With the special repatriation flight lifting off from Bishkek, Kyrgyzstan carrying 142 stranded Pakistani students, the total number of people uplifted by PIA since April 4, 2020 reached an unprecedented 100,000 level. This is the largest repatriation operation ever under taken in this history of the country, the Spokesperson… Continue reading

SBP calls meeting of Bank Presidents on Naya Pakistan Housing Program

Governor State Bank of Pakistan (SBP) Dr. Reza Baqir called a meeting of Banks today for deliberations on the measures proposed by Naya Pakistan Housing and Development Authority (NAPHDA) and identify way forward to ensure sustainable market-led financing of housing projects and mortgages. The meeting was chaired by the Governor… Continue reading

SECP provide relief to borrowers of Non-Bank Microfinance Sector

ISLAMABAD: The SECP’s permission to non-bank microfinance companies (NBMFCs) to reschedule the loan portfolio not only helped NBFCs to adjust their portfolio at risk but also resulted in extending  relief to 932,862 individuals and micro-enterprises who have borrowed over 17 billion rupees from non-bank microfinance companies (NBMFCs), as reported on… Continue reading

AHMED CHINOY SAID THE GOVERNMENT SHOULD SUPPORT THE TEXTILE INDUSTRY BY REMOVING MAJOR HINDRANCES IDENTIFIES BY THE TEXTILE INDUSTRY

Ahmed Chinoy Chairman of Pakistan Cloth Merchants Association requested the Government to remove major hindrances which are identified by the Textile Industry in the upcoming budget 2020-21. He said the Textile Industries have potential to uplift the economy if the Government of Pakistan provide them level playing field and support… Continue reading

Issuance of PKR 200 bn Pakistan Energy Sukuk II – Islamic finance delivers another milestone transaction for Pakistan in difficult times

Meezan Bank, Pakistan’s first and largest Islamic bank has played a leading role in successfully concluding the issuance of Pakistan Energy Sukuk (PES) II worth approximately PKR 200bn by Power Holding Limited (PHL), a public sector entity fully owned by the Ministry of Energy and Government of Pakistan. The milestone… Continue reading