Browsing: Business

Power Cement achieves a significant milestone by entering the European market with its high-quality cement exports to the United Kingdom, showcasing global expansion commitment and becoming the first Pakistani cement exporter in the UK. The company aims to contribute to the UK’s construction sector while bolstering Pakistan’s economic progress through foreign exchange earnings.

Pakistan’s exports to the Middle East witnessed a robust 28.98% increase to $1.257 billion in the initial five months of the fiscal year, driven by strategic product diversification and a notable free trade agreement with the Gulf Cooperation Council. This surge, notably in key markets like the UAE and Saudi Arabia, signals positive economic prospects and underscores Pakistan’s adaptability in global trade dynamics.

Punjab’s Transport Minister, Ibrahim Hassan, launches a plan to distribute 200,000 discounted electric bikes to students, supported by a comprehensive EV charging infrastructure and a financing scheme in collaboration with the Bank of Punjab, aimed at fostering sustainable transportation and combating smog.

The Organic Meat Company Limited (TOMCL) greenlights a Rs. 600 million investment to expand its production facilities, anticipating increased demand for frozen beef exports in key markets like UAE, Saudi Arabia, CIS, Iraq, and China. The move aims to fortify TOMCL’s global market presence and create value for shareholders with an additional Rs. 150 million investment.

Engro Corporation invites applicants to explore varied job roles in Pakistan, emphasizing education, experience, and skills alignment. Submit your resume and essential documents through the specified application process to be part of Engro’s dynamic and innovative work environment.

The Pakistani rupee extended its winning streak against the US Dollar, opening at 281, reaching an intraday high of 278, and closing at 282.37. The positive momentum is attributed to State Bank of Pakistan’s stability efforts and a new method for calculating exchange rates for major currencies.

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.