Business
SECMC achieves financial close of phase II of mining and power projects in Thar
A key milestone towards ensuring energy security of Pakistan; Thar coal tariff to become cheaper than imported coal Karachi, January 01, 2020: The Sindh Engro Coal Mining Company (SECMC) has achieved a historic milestone by completing the financial close of Phase II of Mining and Power Projects in Thar Block II. SECMC is a joint venture…
Year 2020 started with bang contributed 665pts to PSX Index
Karachi, January 01, 2020: First day of 2020 started with a bang and contributed +665 points to the Index. During the session, the market went up by 809pts. Buying activity was observed across the board especially in Banks and Cement sectors. KEL saw highest trading volumes of 119 million shares, which was on the back…
HBL becomes first Pakistani bank to get a branch license for Beijing, China
Karachi, January 01, 2020: HBL has become the first Pakistani bank to be awarded the much coveted branch license to offer financial services to clients in Beijing, China’s capital city. The branch license was awarded by China Banking and Insurance Regulatory Commission (CBIRC) in December 2019. The preparatory work of setting up the HBL Beijing…
Pakistan’s Amusement Industry on Rise, Inamullah Abdullah, COO, A.A Joyland
Karachi, December 31, 2019: The year 2019 has been a successful year for the amusement industry in Pakistan as it has seen a huge increase in footfall and development of multiple amusement activities. The industry with 20 billion rupees annual turnover employs hundreds and thousands of locals and it can play a vital role to…
Haleeb Foods holding statement on using ‘Brand of the Year” logo
Karachi, December 31, 2019: Haleeb Foods is a law-abiding enterprise, ensuring strict compliance to all applicable rules and regulations. Recently, an opportunist organization named – The Brand Foundation has falsely alleged Haleeb Foods for violating the licensing rights of using the ‘Brand of the Year’ logo. Since it is an unprecedented and fraudulent accusation, Haleeb Foods…