May 9, 2024
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February 2021

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

The Biz Update02 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…

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KSE-100 closed decrease on 83pts

The Biz Update03 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…

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Nestlé Pakistan announces financial results for 2020

The Biz Update02 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….

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