February 2021 | Page 2 of 25

Pakistan

Memorandum of Understanding signed between Al-Khidmat Foundation Pakistan and Punjab Bait-ul-Mal

The Biz Update4 years ago02 mins

Rawalpindi, February 26, 2021: A Memorandum of Understanding (MoU) was signed between Al-Khidmat Foundation Pakistan and Punjab Bait-ul-Mal regarding cooperation in welfare works. In this regard, a grand ceremony was held at Al-Khidmat Complex. Senior Naib Khidmat Foundation Pakistan President Syed Ehsanullah Waqas and Chairman Bait-ul-Mal Punjab Malik Azam signed the agreement. Secretary General Al-Khidmat…

Pakistan

Sponsoring CAS Open Golf Championship: BankIslami Strikes it the Right Way

The Biz Update4 years ago02 mins

Karachi, February 26, 2021: BankIslami, Pakistan’s leading Islamic bank, sponsored the 40th CAS Open Golf Championship this year, at Airmen Golf Course & Recreational Park. The tournament was organized under the supervision of the Pakistan Airforce from the 4th to the 7th of February, 2021. It’s one of the biggest golf championships in Pakistan, the event…

Business

KSE-100 closed decrease on 83pts

The Biz Update4 years ago1 year ago03 mins

Karachi, February 26, 2021: Market traded in a narrow range today, oscillating between -213 points and +274 points, closing the session by -83 points (unadjusted). FATF’s decision to maintain status quo for Pakistan till June 2021 saw a lukewarm welcome from Investors. Profit booking was witnessed almost across the board, including Technology, Cement and Textile…

Pakistan

METRO PAKISTAN EXTENDS COVID-19 RELIEF SUPPORT TO THE GOVERNMENT OF PAKISTAN

The Biz Update4 years ago02 mins

Karachi, February 26, 2021: METRO Pakistan, the leading wholesale and food retail, as part of its continuous COVID-relief support program, has once again extended its support to the Government of Pakistan in the ongoing fight against the global pandemic. As part of the effort METRO Pakistan has donated 1500 hygiene kits to the civil administration…

Business

Nestlé Pakistan announces financial results for 2020

The Biz Update4 years ago1 year ago02 mins

Lahore, February 26, 2021: Nestlé Pakistan posted a revenue of PKR 118.8 billion for 2020, a 2.4percent growth from 2019. Despite the unprecedented situation caused by the pandemic, the company was able to grow the revenue through undisrupted supply and availability of products, innovation and renovation initiatives, numeric distribution expansion and investments behind the brands….