ISLAMABAD ( MEDIA REPORT ) The auditor general of Pakistan (AGP) is reported to have found more than Rs1.32 trillion worth of embezzlement, irregularities, recoveries and over payments by companies and organisations under the Water and Power Ministry during 2016-17. Submitted to the president and laid before parliament, the AGPRead More →
LAHORE ( PRESS RELEASE ) METRO Cash & Carry Pakistan opened its door for customers to its second FRESHLY Store located at Bahria Town Lahore after the success of the first store in Allama Iqbal Town Lahore few months earlier. The store was inaugurated by Mr. Marek Minkiewicz, Managing Director,Read More →
ISLAMABAD ( PRESS RELEASE ) The Competition Commission of Pakistan (CCP) has passed an order imposing a penalty of PKR 10 million on Colgate-Palmolive Pakistan (Pvt) Ltd. for running a deceptive marketing campaign for one of its products, ‘Max All Purpose Cleaner’ (Max APC), in violation of Section 10 ofRead More →
LAHORE ( PRESS RELEASE ) Fauji Fertilizer Company Limited (FFC) has announced Half yearly results for the year 2017.The Company achieved new Urea production benchmark of 1,281 thousand tonnes during the first half. The Company attained ‘Sona’ urea sales of 1,100 thousand tonnes during the period. Dividend income amounted to Rs 1.048 billion.Consequently, net earnings of Rs 3.817 billion was earned translating in earnings per share of Rs. 3.00 during the half year. The Company also declared dividend of Rs 1.00 per share for the second quarter thus declaring aggregate dividend of Rs. 2.50 per share for the half year ended 2017.Read More →
ISLAMABAD ( PRESS RELEASE ) The Competition Commission of Pakistan (CCP) has passed an order imposing a penalty of PKR 10 million on Proctor & Gamble Pakistan (Pvt.) Limited for deceptively advertising its product ‘Safeguard’ as ‘Pakistan’s No. 1 rated Anti-Bacterial Soap’ in violation of Section 10 of the CompetitionRead More →
ISLAMABAD ( BMZ REPORT ) As per its tradition, Fauji Fertilizer company limited (FFC) organized a free Eye Camp at village Souwal, Tehsil PindDadan Khan, District Jhelum, in collaboration with Al-Shifa Eye Trust, an esteemed and trusted organization. The aim of the camp was to provide the people with freeRead More →
LAHORE ( PRESS RELEASE ) Haleeb Foods, Pakistan’s dairy pioneer, today launched its new brand identity supported with a revamped corporate website. Having a contemporary design, the new clean interface www.haleebfoods.com encompasses a handful of dynamic functions which are aimed at enhancing the online consumer experience. As part of company’s recent investmentsRead More →
ISLAMABAD ( MEDIA REPORT ) Despite a lackluster performance during the second half amid amplified volatility, the stock market delivered a healthy return of 23.2% in FY17 on the back of stellar performance during the period from Jun-Dec 2016. During FY17, our flagship NAFA Stock Fund (NSF) has delivered aRead More →
LAHORE ( PRESS RELEASE ) MCB-Arif Habib Savings and Investments Limited (“MCB-AH”) recently launched a Digital Saving Centre in Lahore. This Digital Saving Centre is located at Emporium Mall, which is one of the busiest and most famous malls of Lahore. The Centre was inaugurated by Mian Mohammad ManshaRead More →
KARACHI ( PRESS RELEASE ) Telenor Microfinance Bank has announced today that the CEO and President, Ali Riaz Chaudhry, has decided to pursue his career outside of Telenor and has resigned from the bank. Ali Riaz Chaudhry Ali will be joining a Digital Financial Services business in the U.K. asRead More →
LAHORE ( PRESS RELEASE ) Haleeb Foods today announced the launch of its new flavoured milk brand FLAVA, initially launched in banana flavour. Soft creamy taste of FLAVA makes it a delicious choice for children and adults alike. Speaking at the launch of new product, Haleeb Foods Marketing Director MansoorRead More →
ISLAMABAD ( MEDIA REPORT ) The federal budget FY2017-18 with a Rs4.75 trillion outlay was approved by the National Assembly on Tuesday in the absence of members of the opposition. This is the first time that a finance bill has been passed in Pakistan without the inclusion of the oppositionRead More →