Jazz has secured a PKR 50 billion syndicated credit facility from a banking consortium led by HBL. This 10-year facility will be used to finance the company’s ongoing 4G network rollouts and technology upgradation. This is the first of its kind facility extended to the telecom sector in terms of the amount and tenor. The facility is fully subscribed by HBL, the consortium’s …

News Desk KARACHI: The book-building phase of Pakistan Aluminium Beverage Cans Ltd (PABC)’s Initial Public Offer (IPO) has concluded with an oversubscription of 3.3 times, the company said on Wednesday. The IPO received an overwhelming response from institutional investors and high-net worth individuals as the strike price clocked in at Rs 49/share, 40% higher than the floor price of Rs …

KARACHI: Today, vaccines remain as one of the most powerful innovations in the history of medicine. The rapid development, approval and administration of not one but several safe and effective vaccines against COVID-19 is a triumph of science, and the Government of Sindh, Ministry of Health has been successful in turning the tide on the pandemic faced in Pakistan. Only …

Xenith Public Relations (Pvt.) Ltd., one of the pioneers of the PR industry in Pakistan and an affiliate of FleishmanHillard (Omnicom PR Group), has been recognized as the “Leading Innovators of the Communications Industry – Pakistan” by Acquisition International (AI) at its 8th annual Business Excellence Awards. Launched in 2010 as an international digital business magazine committed to keeping its …

Gulf Air, the national carrier of the Kingdom of Bahrain, announces the launch of point to point flights beyond its Bahrain International Airport hub allowing the airline to expand its operations to new destinations as well as extending passenger services to new markets. Gulf Air launched flights between Athens and Larnaca allowing passengers from either location to buy tickets and …

Roads and Transport Authority (RTA) has launched a photography competition with prize money of AED 45,000 in collaboration with the Hamdan bin Mohammed bin Rashid Al Maktoum International Photography Award (HIPA). The competition aims to promote the use of public transportation in Dubai.  His Excellency Ali Khalifa Bin Thalith, Secretary General at HIPA, praised RTA’s initiative and said: “RTA has …

Pak-Qatar Takaful, Pakistan’s Pioneer and Largest Takaful Group has been declared ISO/IEC 27001:2013 certified from Risk Associates for its Information Security Management System (ISMS) after its performance met the standard required for the certification The event was attended by Muhammad Nasir Ali Syed (CEO, Pak-Qatar General Takaful), Mr. Azeem I. Pirani (CEO, Pak-Qatar Family Takaful), Mr. Kashif Hassan (Director, Professional …

By Rafiq Vayani DUBAI: His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai, announced the countdown for Expo 2020 Dubai, the world’s largest cultural event to convene the global community towards creating solutions for a better future. In 100 days, the UAE will be the first country in the Middle …

The UAE retail e-commerce market reached a record $3.9 billion in 2020, a 53% year-over-year increase driven by the Covid-19-led digital shift, while e-commerce accounted for 8% share of the retail market during the same year, new analysis from Dubai Chamber of Commerce and Industry has revealed. The study, based on recent data from Euromonitor, projected the value of the …

Careem, the Super App for greater Middle East and Pakistan, has recently partnered with DESCON, an integrated engineering services and manufacturing company, expanding its corporate portfolio. The partnership, held at DESCON’s headquarters in Lahore, will provide hassle free mobility solutions to more than 1000 DESCON employees across 16 subsidiaries.  ‘Careem for Business’ is the corporate services portfolio of the company, …