Browsing: Business

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.

Costa Coffee, in collaboration with Gerry’s Group, unveils its third store in Islamabad, Pakistan, promising a rich coffee experience and inviting ambiance for the diverse community. The grand opening event, attended by notable figures, emphasizes the brand’s commitment to elevating coffee culture in the heart of the capital.

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.

Pakistan awaits potential relief at the pump as OGRA considers a significant reduction in petrol and diesel prices, driven by the global dip in oil prices. The anticipated announcement on December 1st could bring economic respite for consumers amid international market fluctuations.

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.

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.

Islamabad is set to introduce a state-of-the-art electric bus service with 30 buses arriving from China next month, forming part of the Capital Development Authority’s plan to import a total of 160 electric buses. The service, scheduled to launch soon, will operate on 13 routes, marking a significant step in enhancing the city’s public transportation infrastructure.

Digitt+, the agri-fintech company, celebrates securing full commercial approval from the State Bank of Pakistan, gearing up to launch its app and transform financial services in the country with a focus on inclusivity and innovative solutions. CEO Ahmed Saleemi emphasizes their commitment to accessibility and efficiency in the fintech industry.