Author: Faiza Liaquat
Indus Motor Company is set to introduce locally-produced Corolla Hybrid Electric Vehicles in Pakistan by December, with a substantial $100 million investment aiming to cut import costs and promote sustainability. Despite challenges like high taxation and imported used cars, IMC remains committed to advancing the nation’s auto industry.
Upon receiving the Global Seven Outstanding Humanitarian Award from the Houston Trade Development Council, Saeed Sheikh expressed gratitude, acknowledging the honor for his dedication to social services. The award recognizes his global leadership, contributing to Houston’s distinguished humanitarian status.
Bank Alfalah’s AlfaMall revolutionizes the 11.11 Sale Day with a 0% markup ‘Buy Now, Pay Later’ feature, making genuine products more accessible. With discounts up to PKR 10,000 and flexible monthly instalments, it redefines the shopping experience for diverse consumers.
The Pakistan Stock Exchange (PSX) reached a record-breaking 55,253.19 points during intraday trading, reflecting a 1.83% increase driven by positive investor sentiment amid expectations of a successful IMF review and stable economic indicators. The market’s resilience is attributed to factors like attractive valuations and robust domestic institutional buying.
In the latest round of the Pakistan Cup 2023-24, teams from Peshawar, Karachi Whites, Multan, and FATA emerged victorious in their respective matches, marking an eventful day at venues across Rawalpindi, AJK, and Abbottabad. Faisalabad v Peshawar at Pindi Cricket Stadium, Rawalpindi In the Faisalabad versus Peshawar clash at Pindi Cricket Stadium, Peshawar set a formidable score of 264 all out in 45 overs, with Captain Sahibzada Farhan and Kamran Ghulam leading the charge. Faisalabad, in response, managed only 142-7 in 27.3 overs before bad light halted play. Peshawar secured a 68-run victory through the DLS method. Rawalpindi v Karachi…
Caretaker Federal Minister Dr. Shamshad Akhtar highlighted the success of the Asaan Mobile Account initiative during the Pakistan Spotlight Day at the WEF – Edison Alliance event, resulting in 8.5 million new bank accounts, including 3.2 million for women. She also commended the 1 Billion Lives Challenge’s achievements and stressed the crucial role of replicating such initiatives in sectors like healthcare and education across developing economies.
Remittances from overseas Pakistanis surged by 10% YoY to $2.46 billion in October 2023, reaching the highest level since March 2023. Notably, inflows from top contributors Saudi Arabia, the UAE, and the US increased, though the cumulative remittances for the first four months of fiscal year 2023-24 declined by 13% to $8.79 billion.
China has granted approval for the export of Pakistani milk and dairy products, including cow’s and camel’s milk, starting from November 6. Stringent requirements cover various aspects, from animal sourcing to processing and labeling.
Digitt+ is reshaping agri-fintech in Pakistan, providing farmers with tailored financial solutions. With a strong focus on financial inclusion, it aims to empower the agricultural community with technology-driven innovations.
Under Muhammad Imran Malik’s leadership, Bata Pakistan is revitalizing underprivileged children’s lives by renovating the SOS Village in Lahore and multiple schools and homes. Their commitment to education and community well-being continues to shine through.