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The Biz Update

BankIslami restores electronic banking services

KARACHI, November 26, 2018: BankIslami on Monday announced that its payment system has been successfully restored and running absolutely secured. https://thebizupdate.com/hackers-steal-6-million-from-bankislami-pakistan-accounts/ The card data of BankIslami was hacked by international hackers and some PKR 2.1 million were withdrawn in different countries by using this data. The management of the bank said that all of the Bank’s…

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Lucky Cement wins Safety Award

Karachi, November 9, 2018: Lucky Cement Limited (PSX: LUCK) won the 8th Fire, Safety and Security Convention & Award 2018, organized by The National Forum of Environment and Health (NFEH). The award ceremony was held at a local hotel. Lucky Cement received the award in recognition of its contributions in the field of fire and safety…

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Dasani to launch innovation challenge for countering plastic Pollution

Karachi, November 08, 2018: Dasani, the purified bottled drinking water brand of The Coca-Cola Company will be launching a nationwide plastic recycling innovation competition, – “The Dasani Discovery Challenge” at the second annual technology conference 021Disrupt being organized by the The Nest I/O, the technology incubator and community hub of the Pakistan Software Houses Association…

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Engro Polymer signs $35mn Ijarah based long term financing facility with IFC

KARACHI, November 8, 2018: Engro Polymer and Chemicals Limited (EPCL) announced financing of USD 35 million from International Finance Corporation (IFC), for expansion plans for its production plant of PVC – a chemical used in making numerous plastic products construction materials like water and sewerage pipes, cables, and consumer items like shoes, packaging films, etc…

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