October 2019 | Page 3 of 21

Pakistan

Engro’s enfrashare partners with Telenor Pakistan for infrastructure development

The Biz Update5 years ago04 mins

Karachi, October 29, 2019: Leading connectivity infrastructure provider, Enfrashare Pakistan Private Limited and Telenor Pakistan, one of Pakistan’s top mobile network operators, have entered into a long-term partnership agreement. Under this partnership, Enfrashare will help develop connectivity infrastructure and provide key services to Telenor, thereby upscaling connectivity and enabling them to focus on core business functions. This…

Pakistan

Pak-Qatar Family Takaful signs MoU with Mawazna

The Biz Update5 years ago01 mins

Karachi October 29, 2019: Pak-Qatar Family Takaful came into an agreement with Mawazna.com (a rapidly growing financial services comparison platform) after a signing ceremony held in Karachi. The agreement will allow Mawazna to offer Easy Takaful (a product of Pak-Qatar Family Takaful) on their website for the convenience of users in search of Takaful plans. Read…

Pakistan

IMC posts results for Q1 of FY ’19-‘20

The Biz Update5 years ago04 mins

Karachi, October 29, 2019: The Indus Motor Company’s net sales turnover for the 1st quarter ended September 30, 2019, decreased by 41% to 20.7 billion as compared to Rs. 34.9 billion, for the same period last year, while profit after tax decreased by 62 percent to Rs. 1.32 billion as against Rs. 3.51 billion achieved…

Pakistan

UIT aims to develop Pakistan’s first indigenous open source processor

The Biz Update5 years ago03 mins

Karachi, October 29, 2019: In a hallmark development, the students and faculty of Pakistan’s premium technology institution, Usman Institute of Technology, have developed the country’s first homegrown open-source microprocessor. The UIT team leveraged the RISC-V based open-source architecture to produce the said processor that may transform the local tech manufacturing industry. Behind the remarkable development…

Business

DGKC announced 1QFY20 results, with loss after tax of Rs1.44bn

The Biz Update5 years ago1 year ago02 mins

Karachi, October 28, 2019: D.G. Khan Cement Company Limited (DGKC) today announced 1QFY20 results, with loss after tax of Rs1.44bn (LPS: Rs3.26), against profit after tax of Rs418 million (EPS: Rs0.95) in 1QFY19. Net Sales increased by 11 percent YoY, which was due to higher dispatches from Hub plant. Company posted gross loss of Rs538…