Business
Implementation of 9 cents/kWh power tariffs for industrial consumers
Islamabad, January 22, 2024: Further to the government and SIFC’s announcement to remove the cross subsidy from power tariffs for industrial consumers, thereby bringing them down to 9 cents/kWh, at par with regional competitors, the All Pakistan Textile Mills Association is making an appeal for the urgent implementation of this measure. This is an essential…
NEPRA renews power supply & distribution license of K-Electric
Islamabad, January 19,2024: NEPRA has renewed the power distribution and supply licenses of K-Electric for a period of 20 years. This non-exclusive license renewal follows KE’s request for a non-exclusive license ahead of the liberalization of the power sector. KE’s previous 20-year license had reached its term in July 2023. Subsequently, NEPRA had provided KE…
Unity foods receives top edible oil importer award 2023
Karachi, January 19, 2024: Unity Foods was honored as the top Importer of Edible Oil in Pakistan for the year 2023 during the 6th Pakistan Edible Oil Conference held in Karachi. Mr. Kamran Tessori, the Governor of Sindh, bestowed the award upon Mr. Safdar Sajjad, the Executive Director of Unity Foods Limited. As we celebrate…
SMAP chairman urges Pakistan’s AI Revolution for salt industry growth
Karachi, January 19, 2024: Qasim Yaqoob Paracha, Acting Chairman of the Salt Manufacturers Association of Pakistan (SMAP), underscores the transformative power of Artificial Intelligence (AI) in revolutionizing Pakistan’s salt industry. In a statement, Qasim Yaqoob Paracha outlined how AI could harness extensive social media data to comprehend consumer behavior, enabling the formulation of targeted marketing…
HBL and Visa announce winners of first edition of She’s Next program in Pakistan
Karachi ,January 19, 2024 : Visa (NYSE: V), a world leader in digital payments, together with HBL, Pakistan’s leading Bank today, announced five winners of Pakistan’s inaugural edition of the She’s Next program, Visa’s global platform dedicated to supporting women in their efforts to fund, run and grow their small businesses. Winners included Ziana Sakhia,…