Business
SCB launches Futuremakers agri-entrepreneur programme
Karachi March 11 2021: Standard Chartered Bank (SCB) is launching an agri-entrepreneur programme in Pakistan to support young people recover from the economic impact of the COVID-19 pandemic. The programme is part of Futuremakers by Standard Chartered, the Bank’s global initiative to tackle inequality by promoting economic inclusion for young people, including those affected by COVID-19….
Oracle Announces Fiscal 2021 Third Quarter Financial Result
Karachi, March 11, 2021: Oracle Corporation (NYSE: ORCL) has announced fiscal 2021 Q3 results. Total quarterly revenues were up 3 percent year-over-year to $10.1 billion. Cloud services and license support revenues were up 5 percent to $7.3 billion. Cloud license and on-premise license revenues were up 4 percent to $1.3 billion. Q3 GAAP operating income…
KSE 100 close decreased on 1.20pc
Karachi, March 10, 2021: Pakistan equities continued its downward trend for the third day of the week owing to political uncertainty, economic headwinds and margin calls. After a slightly positive opening benchmark KSE100 Index juggled between intraday high of 201 points and low of 602 points. It closed the session at 43,691 level (down 1.20…
HBL and Huawei Pakistan enter into a strategic alliance for Banking and Digital Transformation
Karachi, March 10, 2021: HBL and Huawei Pakistan signed a Memorandum of Understanding (MoU) to cement their strategic partnership, through projects focused on financial and technological innovation, enabling HBL to augment its existing processes and systems. Both organizations have already completed milestone projects in 2020, such as the Promissory Note discounting project and the SD-WAN…
Tri-Angels Electronics Pvt. Ltd. commenced state of the art Air conditioner plant in Karachi
Karachi, March 10, 2021: Tri-Angels Electronics Pvt. Ltd., Pakistan’s exclusive licensed company for the Hisense brand, has expanded its manufacturing capacity to include residential air conditioners. The facility has the capacity to produce 100K units of residential ACs annually with an investment of 1.3 million USD. The facility provides state-of-the-art testing rooms with latest technology…