KARACHI (PRESS RELEASE) Yousuf Dewan Companies, one of Pakistan’s most prominent business houses, entered into a joint venture with the Kolao Group of South Korea in April 2016. The new JV Company, Daehan-Dewan Motor Company, unveiled Daehan SHEHZORE, the immensely popular pickup, as it resumes vehicle production at its automobileRead More →
LONDON (PRESS RELEASE) The global liquefied natural gas (LNG) market has continued to defy expectations of many market observers, with demand growing by 29 million tonnes to 293 million tonnes in 2017, according to Shell’s annual LNG Outlook. Such strong growth in demand is consistent with Shell’s first LNG Outlook,Read More →
ISLAMABAD (MEDIA REPORT) Branchless banking has risen to 33 million, an increase of 5.7 million accounts in Quarter from July to September. The productive rise in Branchless Banking (BB) can be attributed to facilitating environment created by the central bank and also, the sheer interest of the financial institution andRead More →
ISLAMABAD (PRESS RELEASE) Pakistan Telecommunications Company Limited (PTCL) and Telenor Pakistan (TP), for the third consecutive year have entered into a fiber leasing agreement, under which PTCL will deliver fiber footprint to Telenor Pakistan. Prior to this agreement, PTCL and Telenor have successfully signed and executed two back to backRead More →
ISLAMABAD (MEDIA REPORT) Pakistan Telecommunications Company Limited (PTCL) achieves yet another milestone in enhancing its Cloud Services portfolio by signing Cloud Solution Provider (CSP) partnership and Service Provider Licensing Agreement Partnership (SPLA) with Microsoft. The partnership agreements were signed at PTCL Headquarters, Islamabad, by Adil Rashid, Chief Digital Services Officer,Read More →
ISLAMABAD (MEDIA REPORT) Minister for Interior and Planning, Development and Reforms Ahsan Iqbal on Thursday said that the government has released funds for initiating reforms in education, improving curriculum on modern lines and bringing religious schools into the mainstream education system. Addressing the concluding ceremony of 5th National Stakeholders ConferenceRead More →
ISLAMABAD (PRESS RLEASE) Prime Minister Shahid Khaqan Abbasi today chaired a meeting of Cabinet Committee on Privatization (CCoP) at Prime Minister’s Office. The meeting discussed issues related Pakistan International Airlines Corporation Ltd. and Pakistan Steel Mills. Minister for Privatization Mr. Daniyal Aziz gave a detailed presentation on various issues, including the financialRead More →
LAHORE (PRESS RELEASE) Sarmayacar, a syndicate of foreign investors to promote Pakistani startups has announced Rs. 25 million Seed funding for SimPaisa which is Pakistan’s first direct carrier billing company, a product of PublishEx(Pvt.) Ltd. Many online businesses have struggled to generate real revenue growth due to the lack ofRead More →
ISLAMABAD (PRESS RELEASE) The Competition Commission of Pakistan (CCP) has issued Show Cause Notices to Diamond Paints Industries (Pvt.) Ltd. and its dealers for entering a cartel agreement in violation of Section 4 of the Competition Act, 2010. The CCP took notice of the allegations that Diamond Paints and itsRead More →
KARACHI (PRESS RELEASE) A signing ceremony, cementing partnership between the distribution giant IBL and Haleeb Foods took place at IBL’s Karachi office. Speaking on this partnership, CEO Haleeb Foods, Mr. Memosh Khawaja said “We are immensely pleased to partner with IBL which is a leading distribution house in the country.Read More →
ISLAMABAD (MEDIA REPORT) The Securities and Exchange Commission of Pakistan (SECP) and Board of Investment worked in close collaboration to introduce reforms to make business incorporation easier in the context of Starting a Business indicator of World Bank Doing Business Report. Considering the world’s best practices for company registration, theRead More →
LAHORE (MEDIA REPORT) The Excise, Taxation and Narcotics Control Department is likely to launch automated vehicle registration cards by April, replacing the current registration books. The initiative would be piloted from Lahore in March and later no new book would be issued as they run out of stock. Subsequently motoristsRead More →