Pakistan
K-Electric offers installment option for ISPA arrears to facilitate industries
Karachi, April 30, 2020: In line with the Ministry of Energy’s directives, Industrial Support Package (ISPA) arrears for the period July-December 2019 were applicable in March2020. However, in light of the current COVID-19 crisis and the resulting unprecedented situation, K-Electric, on the request of industrial consumers, extended relief to the industrial sector by deferring the collection…
Shahzad Qureshi to raise Rs 10 mln for LRBT
Karachi, April 30, 2020: Pakistan Tehreek-e-Insaf (PTI) Sindh Assembly member Shehzad Qureshi has announced to raise Rs 10 million for LRBT, the largest eye welfare hospital, said that there is nothing better than giving a gift of sight to the poor and visually impaired. LRBT is providing excellent services for the visually impaired People from…
EMPG and OLX Group announce merger of MENA and South Asia businesses
Deal includes OLX Group’s businesses in Pakistan, Egypt, the UAE and Lebanon The agreement brings a US $150 million cash injection led by OLX Group with participation from existing EMPG shareholders EMPG valued at US $1 billion post transaction Karachi, April 29, 2020: Emerging Markets Property Group (EMPG), a leading property portal group in emerging…
Ismail Suttar elected EFP president
Karachi, April 29, 2020: Ismail Suttar was unanimously elected as the new President of Employers’ Federation of Pakistan following the resignation of Mr. Majyd Aziz. Meanwhile, Zaki Ahmed Khan, will remain Vice President while Majyd Aziz would continue to be Member of EFP Board of Directors. Ismail Suttar is also the chairman of EFP Economic…
JS Bank, Mahvash & Jahangir Siddiqui Foundation and partners donate Rs. 10mln to Aga Khan Health Service
Karachi, April 28, 2020: In its effort to respond to the COVID-19 pandemic and build capacity in the national healthcare system, JS Bank and its partners today donated Rs. 10 Million to the Aga Khan Health Service, Pakistan. In addition, the Bank donated another Rs. 7.35 Million to Indus Hospital for Personal Protective Equipment (PPE)….