Author: PakPositive Staff
Pakistan’s interim government is set to slash petrol and diesel prices by up to Rs20 per litre in early December, responding to the recent decline in global oil prices. This move aims to alleviate inflationary pressures on the public, offering relief amidst economic challenges.
Nestlé Pakistan was honored at the SDPI Sustainability Awards for empowering rural women and implementing Smart Soil Moisture Sensors, demonstrating a commitment to gender equity and sustainable agriculture. These initiatives align with Nestlé’s broader goal of environmental responsibility and sustainability.
Honda has unveiled its electric scooter ‘BENLEY e’ in Pakistan, focusing on test marketing for organizational fleets before a potential public release in about a year, with an anticipated price of Rs. 900,000. The move signals Honda’s entry into the country’s evolving electric vehicle market.
The Pakistan Stock Exchange surged by over 470 points, breaking the 61,000-point barrier, fueled by positive factors like a successful IMF review and expectations of a rate cut, while the Pakistani currency faces pressure from import payments.
NayaPay, Pakistan’s pioneering Electronic Money Institution, secures the ‘Best Fintech’ award at the Pakistan Banking Awards 2023, highlighting its transformative role in revolutionizing the country’s financial landscape through enhanced accessibility and user-friendly services.
The Pakistan Stock Exchange soared to a new pinnacle, surpassing 60,000 points with a 1.37% surge in the KSE-100 index, marking a remarkable 50% gain in 2023. CEO Mohammed Sohail attributed the rapid rise to the market’s low valuation, stating that such a recovery was expected with a PE of 3-4.
Abu Dhabi’s Nation Trust Holdings is set to invest AED 30 million in Pakistan, partnering with Kohinoor Spinning Mills to establish a mineral-based business, starting with Bauxite processing. The collaboration marks a significant move to tap into Pakistan’s mineral resources and boost the country’s mining sector.
Ignite, a state-owned non-profit company, has officially launched the third edition of the Digital Pakistan Cybersecurity Hackathon 2023 in Karachi, aiming to promote and challenge cybersecurity skills. This year’s event expands its reach to include regional rounds in key cities such as Lahore, Multan, Peshawar, Quetta, and Islamabad. Scheduled for the end of December in Islamabad, the hackathon will culminate in a final competition where top-performing teams will be awarded cash prizes totaling Rs3 million. Dr. Umar Saif, the Caretaker Federal Minister for Information Technology and Telecom, stressed the paramount importance of securing the nation’s cyber boundaries. He highlighted ongoing…
Jubilee Life Insurance marks its 5th year partnering with SEED Ventures on the Enterprise Challenge Pakistan, empowering thousands of students and fostering entrepreneurship among the youth. This collaboration reflects Jubilee Life’s commitment to creating positive social impact and shaping the next generation of leaders in Pakistan.
Caretaker Prime Minister Anwaar-ul-Haq Kakar and UAE President Sheikh Mohamed bin Zayed Al Nahyan signed MoUs for multi-billion dollar investments, marking a historic milestone in Pak-UAE economic partnership and reinforcing their deep-rooted fraternal ties.