Tuesday, July 7, 2020

Asia PressRelease

Efforts branding Stock Exchange as critical tool of country’s unity required: Chairman Dawood Hercules

The Chairman of the Board of Dawood Hercules Corporation (DH) & Engro Corporation, Hussain Dawood and his team, visited the Pakistan Stock Exchange to open the trading session with the gong ceremony. PSX has embarked on an initiative to recognise...

Make-A-Wish and PIA arranges Boing 777 flight simulator session for acute thalassemia children

PIA in collaboration with Make-A-Wish Pakistan arranged flight simulator session of flying Boeing 777 for children suffering from an acute disease of thalassemia. The children making wish to become a pilot, Master Uzaifa Alvi and Master Sami Hussain were...

Engro earning grows by 45 percent in FY 2018

Pakistan’s premier conglomerate, Engro Corporation (PSX: ENGRO) announced its financial results for full year ended December 31st, 2018. The Company posted a consolidated profit-after-tax (PAT) of PKR 23,632 million – up by 45%, while PAT attributable to the shareholders increased to...

Erdoğan to visit Pakistan next month; big announcements likely

Turk Consul General in Pakistan Tolga Ucak has said that President of Turkey Recep Tayyip Erdoğan will visit Pakistan next month, and he would make big announcement during the visit. Ucak said that Turkey had an unbreakable bond with Pakistan,...

Yayvo to compete arch rival Alibaba in Pakistan

The e-commerce retail company has recently appointed consultants to help with the fundraising with seeking investors, Yayvo’s head, Adam Dawood, said in an interview in Karachi last week. Yayvo aims to start meeting with potential investors in the Middle...

Saudi Arabia and Pakistan inked MoUs worth $ 20 billion

Prime Minister Imran Khan held a one-on-one meeting with Saudi Crown Prince Muhammad bin Salman (MBS) at the Prime Minister house in Islamabad capital of Pakistan. The meeting between the prime minister and the visiting dignitary took place in a...

Pakistan’s Railway minister announces Rs 210 million for Karachi, Hyderabad and Rohri stations

Pakistan's Railway minister  Shaikh Rasheed Ahmed announced Rs. 70 million for Karachi Rs. 60 million for Hyderabad and Rs 80 million for Rohri Railway stations.  Federal Minister was addressing the Press briefing on 15 Friday at Railways Camp office, Karachi,...

SECP defers applicability of IFRS 9

The Securities and Exchange Commission of Pakistan (SECP) has deferred the applicability of the International Financial Reporting Standard (IFRS) 9 “Financial Instruments” for all companies required to prepare their financial statements in accordance with the requirements of IFRS. Through SRO...

Shell Eco-Marathon Asia returns to Malaysia in its tenth year

Shell has announced on Tuesday that Malaysia will host Shell Eco-marathon Asia in 2019 as part of its global Make the Future Live programme. Held at Sepang International Circuit, Kuala Lumpur, the Asia competition comes back to where it...

Etisalat sets record $10 billion brand value barrier

Etisalat has been declared as ‘The Most Valuable Portfolio Brand’ in Middle East and North Africa (MENA) by Brand Finance, the world’s leading independent brand business valuation and strategy consultancy. The recognition is for the company’s impressive portfolio of...

Latest News

PIA flight from Toronto to Islamabad will operate on 5 July 2020

PIA flight from Toronto to Islamabad will operate on 5 July 2020. Another PIA flight will operate from Toronto...

Sacrificing role models of media

Remember Anil Datta, a gem of a reporter and guru of a sub-editor with the exemplary national spirit, foregoing job offers from the foreign...

Banks performance under SBP Rozgar Refinance Scheme supported by Government of Pakistan’s Risk Sharing Facility

On April 10, 2020 State Bank of Pakistan introduced a refinance scheme to provide concessional credit at 3% interest rate and generous repayment terms...

SBP calls meeting of Bank Presidents, top builders on Naya Pakistan Housing Program

Governor State Bank of Pakistan (SBP) Dr. Reza Baqir called a meeting of Banks on Wednesday for deliberations on the measures proposed by Naya...

China: The Indian army has breached its obligations and launched provocative attacks, causing casualties

Zhang said - in a statement this evening about the clashes between the Chinese and Indian border forces in the Galvan Valley region -...