Browsing: Business

Caretaker Prime Minister Anwaar-ul-Haq Kakar is slated to inaugurate the $6.7 billion ML-1 project in February before the upcoming general elections, connecting major cities with new railway tracks. The revised plan is set for approval in January.

Habib Bank Limited (HBL) has officially endorsed the United Nations Women Empowerment Principles (WEPs), a comprehensive framework developed by UN Women and the UN Global Compact comprising seven principles. Aligned with HBL’s diversity agenda and commitment to fostering a more inclusive workforce, this initiative guides businesses on advancing gender equality and women’s empowerment across the workplace, marketplace, and community.

HBL views diversity as a fundamental growth pillar and actively integrates women into its workforce. The WEPs serve as a crucial mechanism for corporations to address gender equality aspects of the 2030 agenda and the United Nations Sustainable Development Goals.

Muhammad Aurangzeb, President & CEO of HBL, emphasized the bank’s belief in the indispensability of gender equality for sustainable economic development. Aurangzeb expressed pride in HBL becoming a signatory to the WEPs, highlighting diversity, equity, and inclusion (DEI) as foundational to the bank’s growth and business outcomes. He underscored the value of DEI in cultivating a broader range of perspectives and experiences, contributing to better decision-making and an enhanced work environment.

Aurangzeb emphasized HBL’s commitment to DEI, noting the bank’s recognition as the “Most Inclusive Organization of 2022” and its multiple awards across 15 categories for Global Diversity, Equity & Inclusion Benchmarks (GDEIB). He expressed anticipation for collaboration with WEPs to make meaningful contributions to global gender equality advancement.

Russia and Pakistan are joining forces to reinstate direct flights, a move expected to fortify ties and enhance trade. Pakistani Ambassador to Russia, Muhammad Khalid Jamal, highlights the significance of this initiative in fostering closer people-to-people connections and improving economic interactions between the two nations.

Topline Securities foresees a notable decline in Pakistan’s inflation from January 2024, projecting an average Consumer Price Index (CPI) of 18.5% over the next year. The firm also predicts a significant 7% reduction in the State Bank of Pakistan’s key interest rate by December 2024, down from the current 22%.

On Thursday, the Pakistan Stock Exchange (PSX) achieved a new historic peak, surpassing the previous record of 58,198. The benchmark…

Sheikh Saleh Al Humaid, guardian of Masjid Al Haram, is in Islamabad to bolster ties between Pakistan and Saudi Arabia, emphasizing unity and shared values, including leading Friday prayers at Faisal Mosque.

Chikoo and Bank Alfalah join forces to revolutionize Pakistan’s business landscape, offering a seamless digital experience for over 5 million small enterprises. This strategic partnership integrates Chikoo’s solutions with Bank Alfalah’s advanced payment technology, marking a milestone for digital commerce innovation in the country.

The Makkah Route Initiative extends to Karachi for Hajj pilgrims, offering streamlined immigration processes at home airports, as Pakistan’s government aims for nationwide implementation, reduced airfare, and enhanced pilgrimage support. The cost of Hajj for the next year has been reduced to PKR 1,075,000, showcasing the government’s commitment to accessibility and convenience.

Faysal Bank takes the lead in Islamic banking by introducing Digital Payments through WhatsApp, offering customers a seamless and convenient banking experience. This innovation reflects the bank’s commitment to continuous improvement in digital services.

To address fuel shortages, Punjab Police in Pakistan is set to acquire 200 electric bikes, saving millions in annual fuel costs. The decision comes amid a budget cut for fuel and a broader move toward sustainability in the face of a severe crisis.