Browsing: Business

The Pakistan Air Force commemorated Quaid-e-Azam Muhammad Ali Jinnah’s birth anniversary by unveiling its modernized aerial division, featuring Turkish weaponry and newly acquired drones and military jets. The display underscores Jinnah’s visionary leadership in establishing a free homeland and aligns with the growing collaboration between Pakistan and Turkey in advanced military technology.

Pak Suzuki, in partnership with Meezan Bank, presents a unique Islamic financing offer, allowing customers to own cars without interest and enjoy substantial savings, free maintenance, and priority delivery. This initiative reflects their commitment to ethical and accessible car ownership solutions.

Kickstart in Pakistan receives a Rs. 200 million investment from Vital Group, enabling the expansion of its co-working space in Karachi and the introduction of a revenue-sharing model to enhance rental yields for property owners. This move caters to the rising demand for flexible workspaces in the country.

The Pakistani government’s decision to allow IT companies to retain 50% of export revenue locally is proving fruitful, with a 14% increase in sector revenue within a month. This policy change, facilitated by the Special Investment Facilitation Council and the State Bank, aims to boost the IT industry’s growth and contribute to achieving the ambitious $10 billion export target.

Pakistan’s IT industry reports an impressive 11.66% YoY surge in November’s service exports to $259 million, reflecting substantial growth attributed to government policies. With a commitment to reaching $10 billion in IT exports, the focus on reducing import dependence signals a positive trajectory for the domestic IT sector.

BankIslami Pakistan’s ‘Graduate Trainee Officer’ Program presents an exciting opportunity for fresh graduates, offering stable careers, attractive benefits, and an inclusive working environment. Applications are welcome until December 24, 2023, providing aspiring candidates a chance to embark on a promising journey with the esteemed bank.

Pakistan’s food exports have surged to $2.64 billion in the first five months of FY2023-24, led by a robust 60.6% YoY growth in November. Rice exports played a significant role, reaching $1.12 billion, contributing to the overall positive trend in the country’s agricultural exports.

The Pakistani rupee continued its winning streak against the US Dollar for the ninth day, closing at 282.53 after opening at 283. However, it faced depreciation against other major currencies in the interbank market, losing ground to the Canadian Dollar, Australian Dollar, Euro, and British Pound.

Seres captivates EV enthusiasts in Pakistan with a significant price reduction for the Seres 3 EV, now priced at Rs. 8,390,000. This move, effective from December 20, 2023, underscores the company’s dedication to sustainable mobility and showcases impressive features, making eco-friendly driving more accessible.

Health-tech startup Sehat Kahani, founded by doctors Dr. Sara Saeed Khurram and Dr. Iffat Zafar Aga, secured $2.7 million in a Series A funding round led by Amaanah Circle. The platform, offering seamless virtual connections between doctors and patients, plans to use the funds to enhance features, including AI tools, and expand globally after experiencing a 141% average year-on-year growth in the last three years.