Business Archives | Page 2 of 15

Hutchison Ports KICT Partners with Standard Chartered and Haball to Launch Digital Payment

The Biz Update2 weeks ago2 weeks ago03 mins

KARACHI, December 18, 2024: Hutchison Ports KICT has launched a cutting-edge digital payment solution in partnership with Standard Chartered Bank Pakistan and Haball. This collaboration aims to automate and streamline payment systems at KICT, further enhancing operational efficiency and security. Standard Chartered Bank, now one of KICT’s core banking partners, will provide real-time, API-driven reporting…

SAI Chief Criticizes 2% Interest Rate Cut, Calls for 5% Reduction to Boost Economy

The Biz Update2 weeks ago2 weeks ago03 mins

KARACHI, December 16, 2024: Ahmed Azeem Alvi, President of the SITE Association of Industry Karachi, has voiced his disappointment over the State Bank of Pakistan’s decision to reduce interest rates by just 200 basis points (2%). Despite widespread requests from the business community, he insists that a reduction of 500 basis points (5%) is necessary…

InfraZamin Pakistan and Saudi Pak Join Forces to Drive Renewable Energy

The Biz Update2 weeks ago2 weeks ago04 mins

KARACHI, December 13, 2024: InfraZamin Pakistan, in partnership with Saudi Pak Industrial and Agricultural Investment Co Ltd, has signed a significant agreement with Acumen Energy Limited to provide an 11.5-year Distributed Solar Financing Facility worth PKR 1.28 billion. This landmark deal is backed by a credit guarantee of PKR 1.04 billion and marks InfraZamin’s entry…

Engro’s Tower Sharing Deal: A Positive Signal for Pakistan’s Business Environment

The Biz Update3 weeks ago3 weeks ago05 mins

KARACHI, December 10th 2024: Samad Dawood, Vice Chairman of Dawood Hercules Corp, emphasized that the tough economic measures implemented by the Government of Pakistan have contributed significantly to macroeconomic stability and revived investor confidence in the country. This improved business environment was a key factor in Engro’s landmark transaction, the largest in Pakistani rupee terms,…

TPL Properties: Strategic Project Expansion and Global Growth Plans

The Biz Update3 weeks ago3 weeks ago03 mins

KARACHI, December 6, 2024: TPL Properties (TPLP), a leading institutional real estate developer and manager, has shared its plans for expansion and future projects during its analyst briefing. The company reported a loss per share (LPS) of Rs 7.18 for FY24, compared to an earnings per share (EPS) of Rs 5.18 in FY23, primarily due…