Spacebar has been named an Authorized Sales Partner for SnackVideo, a short-form video platform. This conclusion was reached after many rounds of pitching in early 2022. SnackVideo’s commitment to expanding its commercial offering in Pakistan is strengthened by this news. Advertisers may now market their products and services to SnackVideo’s enormous user base. The Head of Kuai International Commercial, Gavin Zheng, said: “We are pleased that our collaboration with Spacebar has progressed to the level of an official partnership in Pakistan. As a first step, we want to significantly increase our global ad market share in the future.” “SnackVideo’s Popularity…
Author: PAGE Report
Pakistan’s largest digital bank, Mobilink Microfinance Bank Limited (MMBL) has introduced a customer-friendly account opening process to provide access to its digital banking services. In line with its strategic vision, prospective MMBL customers can just visit the bank website and go to account.mobilinkbank.com or get the MMBL Dost app. The digital account opening enables customers to apply for an MMBL account online, just by having an internet connection and a camera-enabled smartphone or computer. Customers are provided convenience through friendly journeys, auto-filled forms, and real-time validation of their information e.g. Computerized National Identity Card (CNIC) and mobile number, etc. Moreover,…
The global trade in liquefied natural gas (LNG) increased 6% to 380 million tonnes during 2021 as many countries rebounded from the economic impact of the COVID-19 pandemic, according to Shell’s latest annual LNG Outlook published today. Rising LNG demand, combined with supply constraints, caused gas and LNG prices to remain volatile throughout the year. Prices reached record levels in October 2021 as Europe, with historically low storage levels, struggled to secure LNG cargoes to meet expected winter gas demand. The volatility emphasises the need for a more strategic approach to secure reliable and flexible gas supply in future to…
The Association of Chartered Certified Accountants (ACCA), on Tuesday 18th January 2022, announced the results of students who sat exams in the December 2021 session. Four Pakistani students scored the highest marks globally outperforming exam sitters worldwide. Arham Ali, an ACCA student from Lahore, scored the highest marks in Maintaining Financial Records exam. Similarly, Usama Maharir Muhammad from Lahore topped the Managing Costs & Finance exam. Komal Bawani, a young girl from Karachi achieved a perfect score in ACCA’s Management Function while Muhammad Umair Jan, an ACCA student from Peshawar, became the global topper in the Recording Financial Transactions exam.…
A contract for Digital-Streaming Rights of HBL PSL 2022-2023 also signed Owing to its tremendous popularity among online shoppers, Pakistan biggest ecommerce platform, Daraz has recently won the Digital Streaming-Rights of the cricket-extravaganza — HBL Pakistan Super League (PSL), for the next two seasons 2022-2023. The signing ceremony of this partnership-contract with Pakistan Cricket Board (PCB) was held recently at the Daraz Head-Office, where the two partnering organizations also orchestrated a PSL Trophy Tour, at 12 pm on Friday, 21st of January, 2022. Signing ceremony of Digital-Streaming Rights for HBL-PSL during the PSL Trophy Tour at Daraz Head Office. COO,…
Shell Pakistan is one of the leading sponsors of ‘Multan Sultans’ – the defending Champions and best performing team in HBL – Pakistan Super League (HBL PSL) over the last couple of seasons. Season 7 of the HBL PSL shall commence on the 27th of January with the final scheduled to be held on 27th February, 2022. Multan Sultans won the PSL Championship in 2021, under the excellent captaincy of Mohammad Rizwan – an iconic wicketkeeper and batter, who has also been nominated as ‘Cricketer of the Year’ by the International Cricket Council (ICC). Rizwan has been in great form…
FFC remains committed to be leader in fertilizer industry Fauji Fertilizer Company Limited (FFC) is the largest fertilizer manufacturing and marketing company in Pakistan. It was incorporated on 08 May, 1978 as a joint venture between Fauji Foundation, Pakistan and M/s Haldor Topsoe A/S of Denmark. The Production from first plant at Goth Machhi commenced from June 1982. FFC Marketing Group was established in 1979 as part of seeding program to develop market for Company’s fertilizer products and provide Agriculture extension services to farming community. With the passage of time the fertilizer market was developed and demand for Urea increased…
On 11 October, 1947, while addressing the Civil, Military and Air Force Officers, Quaid-e-Azam Muhammad Ali Jinnah said, “God has given us a grand opportunity to show our worth as architects of a new State; let it not be said that we did not prove equal to the task.” PARCO’s existence today is a living testament to the Quaid’s quote stated above. PARCO’s creation was the outcome of strong fraternal bond between Pakistan and Abu Dhabi. The Company was incorporated in 1974, as a 60:40 joint venture between Government of Pakistan (GOP) and Emirate of Abu Dhabi. PARCO has been…
GFS Builders and Developers appreciate all employees and treat them like family. GFS builders and Developers every year encourage, appreciate and motivate their every employee by represented best employee, rising star of GFS and many others. GFS builders and Developers Managing Director Mansoor Wahid and Chief Executive Officer Irfan Wahid said all GFS employees are my family, we are working very hard for our Country. GFS a projectized organization offering a full range of construction services and investment management while maintaining a strong foundation of trust and mutual respect generated through positive relationship with clients, architects, engineers, architects, engineers, sub-contractors…
*Fertilizer Policy 2022 to enable move to WACOG and leverage excess urea capacity in the country through exports* Pakistan, being an agrarian state with 20% GDP contribution and around 70% of the total population depending on agriculture for its livelihood, the role of Urea Industry has been of pivotal importance. Prior to 1980-81, Pakistan imported well over 50% of its annual fertilizer requirements and had been a net importer till 2012. However, thanks to the Fertilizer Policy of 2001, which led to investment in new plants and increase in production capacity. Average local urea demand in Pakistan is around 6.1…
Joint Ventures (JVs) have historically seen both success and failures. However, it has become clear to many companies globally that alliances – both equity JVs and contractual alliances – can be ideal for managing risks in uncertain markets, sharing the cost of large-scale capital investments and injection of entrepreneurial spirits. PARCO’s creation was the outcome of strong fraternal bonds between Pakistan and Abu Dhabi. Its subsequent expansion and development required a combination of strong financial base and commitment of technical and operational excellence, coupled with a reputation for conducting business in a transparent, fair and professional manner. All these are…
The two dedicated cold chain warehousing & distribution (W&D) facilities will cater to B2B and B2C requirements of the pharmaceutical eCommerce platforms from Karachi and Islamabad Maersk Pakistan earlier this week committed to setting up two cold chain W&D facilities in Karachi and Islamabad for TezMedz and Tabiyat.pk. Aruna Hussain, Managing Director, Maersk Pakistan signed an agreement with Asad Khan, CEO & Co- Founder of TezMedz and Tabiyat.pk to establish the cold chain W&D facilities for the healthtech startup in Pakistan. TezMedz and Tabiyat.pk Signs Contract with Maersk for Integrated Cold Chain Solutions The event was attended by Babar Ali…
The China Study Centre (CSC) at the Institute of Business Administration (IBA) Karachi hosted a day-long summit titled, ‘CPEC: Emerging Geopolitical and Geo-Economic Landscape Opportunities and Challenges’ at the IBA City Campus. Attendees included policymakers, opinion builders, academia, media, members of the IBA faculty, staff and students. The aim of the hybrid Summit was to explore and identify the future opportunities and challenges for China, Pakistan and Afghanistan economic, information and trade corridor in the wake of recent developments in the region, specifically the U.S. withdrawal from Afghanistan and the role of the new Afghan government in regional connectivity. Dr.…
The process of Initial Public Offering (IPO) of Interloop Limited at the Pakistan Stock Exchange (PSX), Book Building was completed on March 13 and 14, 2019. It was oversubscribed by 30%, and the Company was able to successfully raise PKR 5.02 billion, the highest ever by a private company in the history of Pakistan, placing Interloop amongst the top 50 companies listed on Pakistan Stock Exchange, by market capitalization. This capital will be used for business expansion by setting up a state of the art Denim Apparel Manufacturing Plant and Hosiery Plant 5. Musadaq Zulqarnain, Chairman and Navid Fazil, CEO…
Cham Wings Airline, a private carrier of Syria, will start its scheduled operations to Karachi from December 15th, 2021. This was announced by Mohsin A Dharsi, Director Commercial of KN Aviation Pvt Ltd, the General Sales Agents (GSA) of Cham Wings Airline in Pakistan. Addressing a gathering of leading travel & cargo agents and the industry at a function in local hotel for introduction of this new carrier Cham Wings Airline in Pakistan, Mohsin said that Cham Wings Airline is scheduled to start online weekly service between Damascus and Karachi from December 15th, 2021, using most efficient French airliners A-320…
Wins best Islamic Stock Exchange Award 2021 In a significant development on a global level, especially in the Islamic world, Pakistan Stock Exchange (PSX) has been awarded the Best Islamic Stock Exchange Award 2021 by Global Islamic Finance Awards (GIFA). GIFA is an internationally respected platform recognizing excellence in banking and finance in the Islamic world. Since 2011, the Awards have been presented to individuals, institutions and government departments globally who have shown outstanding performance in promoting Islamic banking and finance and in terms of commitment to social responsibility. GIFA is the only global Islamic finance awards program covering all…