Engro Polymer to setup R&D think-tank for plastic waste management
KARACHI: Engro Polymer and Chemicals Limited (EPCL) plans to establish a Circular Plastics Institute (CPI), a not-for-profit think-tank, to promote research and development in Pakistan’s...
Payment processor PayFast granted commercial license by State Bank of Pakistan
KARACHI: State Bank of Pakistan (SBP) has granted commercial license to PayFast, the indigenous payments solution by APPS, under its rules for Payment System Operators...
Supernet with partner Avara Technologies win multi-million dollar project in Pakistan
ISLAMABAD: Pakistan based Supernet Limited and their Australian partner Avara Technologies have been awarded a long-term program by a major Pakistani customer for the supply...
Hatem Mohamad Bamatraf appointed CEO of PTCL in place of Matthew Willsher
KARACHI: Hatem Mohamad Bamatraf has been appointed Chief Executive Officer (CEO) of Pakistan Telecommunication Company Limited (PTCL), in place of Matthew Willsher, a news release...
PSX proposes to address structural imbalances in country’s economic system
KARACHI: Pakistan Stock Exchange (PSX) has presented important budgetary proposals for 2021-22 to boost economic growth and address key structural imbalances in Pakistan’s economy. The...
Wyeth LCC to buy all outstanding share of Wyeth Pakistan
KARACHI: Wyeth LLC is considering purchasing outstanding securities and shares presently listed at Pakistan Stock Exchange (PSX) of Wyeth Pakistan Limited, which would result in...
NRL offers government to develop and implement Tanjeel and Rekodiq reserves in Baluchistan
QUETTA: Balochistan Mineral Exploration Company (BMEC) – a JV of Government of Balochistan (90%) and Government of Pakistan (10%) and the concession holder of EL199...
Gul Ahmed to spin out its retail business ‘Ideas’ through an IPO
KARACHI: Gul Ahmed Textile Mills Limited is spinning out its retail segment, Ideas, to enable it to be a 100% owned subsidiary. “Gul Ahmed is...
Pakistan Stock Exchange appoints first woman chairperson, Shamshad Akhtar
KARACHI: For the first time in the 73 year history of Pakistan Stock Exchange (PSX), a woman Chairperson has been elected on the Board of...
Meezan Bank to advise EXIM Bank on providing Shariah-compliant consulting services
KARACHI: Meezan Bank has recently signed an agreement with Export-Import (EXIM) Bank of Pakistan to act as its consultant for developing Islamic Trade Finance, Takaful...
Honda Atlas Cars re-appoints CEO and Chairman
KARACHI: Honda Atlas Cars has re-appointed Hironobu Yoshimura as the President and Chief Executive Officer of the company for a period of three years commencing...
PSO, PARCO and PAPCO to jointly install 20-km fuel transportation line between Karachi and Port Qasim
Pakistan State Oil (PSO), Pak Arab Refinery Limited (PARCO) and Pak Arab Pipeline Company (PAPCO) will jointly develop a 20-km pipeline link between Karachi port...