Pakistan Observer

Business

LCCI’s IT exhibition kicks-off

Lahore—Three-day Information Technology Exhibition of the Lahore Chamber of Commerce and Industry has begun at Alhamra Art Gallery here on Thursday. The Exhibition will continue till February 13. Leading businessmen, top government functionaries, Information Technology ... Friday, February 12, 2016 Details

Drug price hike

Islamabad—Patron Islamabad Chamber of Small Traders Shahid Rasheed Butt on Thursday criticised unilateral hike in the prices of drugs by some multinational companies terming an illegal move to earn additional profit on the cost of poor patients. Traders would not allow ... Friday, February 12, 2016 Details

MCB, Easypaisa ink agreement on E-commerce

Lahore—MCB Bank and Easypaisa have collaborated to expand Pakistan’s first ever-comprehensive online payment solution, “Easypay”. An agreement signing ceremony was held in Lahore, which was attended by Ali Naqvi (Head of Digital Banking) from MCB Bank Limited, Omer ... Friday, February 12, 2016 Details

Oxford Press partners up with Nestlé for nutrition education

Lahore—Nestlé Pakistan recently signed an agreement with Oxford University Press for curriculum development for Nestlé Healthy Kids (NHK) Programme. NHK Programme is a global initiative, the purpose of which is to develop knowledge of school children about nutrition and health in order to promote the importance of physical activity and hygiene. ... Friday, February 12, 2016 Details

PCJCCI proposes Pak-China Agri-Corridor

Lahore—Shah Faisal Afridi, President Pak-China joint Chamber of Commerce and Industry said that Pakistan-China Agri-Corridor could emancipate the retreating agro potential of the country. CPEC offers a unique opportunity to aligned agriculture sector with market driven agricultural products, he added. Faisal Afridi urged to formulate policies intended to prioritize ... Friday, February 12, 2016 Details

Samsung to showcase Creative Lab Projects at CES 2016

Lahore—Samsung Electronics Co., Ltd., Thursday, announced that it will be demonstrating three Creative Lab (C-Lab) projects for the first time, at CES 2016. C-Lab is one of Samsung’s innovation programs, which helps its employees to nurture their own creative business ideas. ... Friday, February 12, 2016 Details

UBL joins hands with Silverlake Symmetri

Karachi—United Bank Limited (UBL) and Silverlake Symmetri, a Global Technology leader in financial solutions, recently signed on a long-term collaboration in Singapore. Both organizations entered into an agreement for joint product development and enhancement. They will work together in implementing Silverlake Symmetri’s Core Banking, MyMoney, ... Friday, February 12, 2016 Details

Zong steps up to ‘Double Everything’ for prepaid subscribers

Islamabad—Continuing to be the best, Pakistan’s fastest growing and the only 3G and 4G services provider Zong has come up with yet another exclusively plus distinctive customer-friendly offer. The promo allows Zong’s prepaid subscribers to double the strength of their cellular packages without any charges. ... Friday, February 12, 2016 Details

Habib Bank Limited launches new Abu Dhabi main branch

Karachi/Dubai—Habib Bank Limited (HBL) UAE has opened its new Abu Dhabi Main Branch at the Landmark Tower on Corniche Road in Abu Dhabi. The branch was inaugurated by Sheikh Nahyan Bin Mubarak Al Nahyan, Minister (Ministry of Culture, Youth and Social Development), Sultan Ali Allana, Chairman HBL, Mubashar Maqbool, Country Manager–UAE and Naveed ... Friday, February 12, 2016 Details

KSE-100 plunges below 32000 levels, close in red

Karachi—The KSE-100 plunged below 32000 levels after losing 324 points in the current corrective spell to close in red at 31,820 levels amid a thin market volume of 112 million shares here on Thursday. According to market analysts, the index could continue its downward move and approach towards in the coming trading sessions. ... Friday, February 12, 2016 Details

SECP registers 514 companies in January

Islamabad—The Securities and Exchange Commission of Pakistan (SECP) has registered 514 new companies in January 2016, indicating an increase of 23 percent as compared to same month of preceding year. In January 2016, around 89 percent companies have been registered as private limited companies, while around 8 percent companies were registered as single ... Friday, February 12, 2016 Details

Rs27663.675m Housing Ministry’s PSDP proposals okayed

Islamabad—The National Assembly Standing Committee on Housing and Works, Thursday, approved Public Sector Development Program proposals of Ministry of Housing and Works for financial year 2016-17. As per budgetary proposals Rs.27663.675 million will be spent on 123 schemes to be executed through Pakistan Public Works Department (Pak-PWD). ... Friday, February 12, 2016 Details

Inter-ministerial committee concerned over sugar price hike

Islamabad—An inter-ministerial Committee, Thursday, expressed concerns over unwarranted increase in price of sugar in the domestic market despite a downward trend in international sugar prices and availability of sufficient domestic stocks. Addressing the second monthly meeting as head of the committee Minister for Commerce, Engr. Khurram Dastgir Khan said that while formulating pro-export policies, the Government would safeguard the interests of all stakeholders especially the consumers and farmers. ... Friday, February 12, 2016 Details

World’s largest gathering of int’l Takaful in April

Dubai—11th Annual World Takaful Conference (WTC 2016) will be held on the 11th and 12th of April 2016 at the Dusit Thani in partnership with the leading takaful companies from the GCC, Southeast Asia, Africa and Europe. The Forum is set to gather more than 250 Takaful professionals from around the world comprising of policy makers, dignitaries, central bank ... Friday, February 12, 2016 Details

PQFTL, IMS launch academic programmes on ‘Takaful’

Karachi—Pak-Qatar Family Takaful Limited (PQFTL) has taken yet another remarkable initiative for promoting Takaful, by signing a Memorandum of Understanding (MOU) with a leading educational institution of Pakistan, the Institute of Management Sciences, (IMS) Peshawar, to launch training and awareness programmes on Takaful. The MOU would go a long way in producing specialists on Islamic finance in the country and also create a resourceful hub ... Friday, February 12, 2016 Details