KARACHI: Pakistan’s premier conglomerate, Engro Corporation (PSX: ENGRO) announced its financial results for the first quarter ended March 31st, 2019, at a meeting held yesterday at the Engro Leadership Academy. Consolidated revenue grew by 21% in comparison to the prior period, driven by higher Urea sales in the Fertilizer business. The Company posted a consolidated profit-after-tax (PAT) of PKR 6,565 …

KARACHI: The second meeting of PREDA Council (PR, Events, Digital and Activation) took place here yesterday to finalise the constitution of a much-needed Council in Pakistan. The Council is being represented by all the big-wigs of the industry, on a national level. The Council has issued the following statements, “PR, event management, digital communication and activations have all become growing …

KARACHI: Thailand has finalized list of more than 100 items and handed over the same to Pakistan for FTA (Free Trade Agreement). We are now hopeful that it will be finalized very soon to enhance bilateral trade between the two friendly countries. Pakistan imports from Thailand are more than 1.5 billion US dollars while export volume of Pakistan to us …

MANAMA, Bahrain: Gulf Air – the national carrier of the Kingdom of Bahrain – earlier this month conducted a visit to India in order to reaffirm the longstanding relationship between the Kingdom of Bahrain and India, unveiling a series of commercial dynamic plans for the Indian markets. A gala dinner was held in New Delhi and attended by some of …

KARACHI: Standard Chartered Bank (Pakistan) Limited has announced its Q1 2019 Results. The Bank delivered a strong profit in the first quarter of 2019 which led to a growth of 61per cent in profit before tax to PKR 6.7 billion. Overall revenue growth was 38per cent, whereas client revenue increased by 22per cent year on year with positive contribution from …

LAHORE: Every year, Nestlé Pakistan publishes its ‘Nestle in Society: Creating Shared Value (CSV)’ report. Continuing with the annual practice, the report for 2018 was published recently. It highlights Nestlé’s three main focus areas globally: individuals and families, communities and the planet. Waqar Ahmad, Head of Corporate Affairs, Nestlé Pakistan, while sharing his views said, “Nestlé’s CSV initiatives are in …

DUBAI: Shanghai Electric Group Co., Ltd. (“Shanghai Electric” or “the Group”), a leading multinational power generation and electrical equipment manufacturing conglomerate, has signed a Memorandum of Understanding (MoU) to collaborate with Saudi Arabia’s ACWA Power on global clean energy projects, continuing the group’s expansion into Belt and Road initiative countries (initiative countries). The two clean-energy providers signed the strategic partnership …

ABU DHABI: Adamas Motors LLC shows its commitment to the UAE with the opening of their brand-new Lotus Cars showroom in Abu Dhabi. Located in Sheikha Salama Building, Khalidiya, Abu Dhabi, the showroom offers new and existing customers the opportunity to experience the famous brand first-hand, in the heart of the capital. Officially opened under the patronage of HE Sheikh …

BIZ TODAY REPORT DUBAI: World’s renowned fashion designer Samina Shajani to participate in Ramadan Souk 2019 organizing by Ensemble Dubai and sopritti on Saturday, 27th April 2019 at Emirates Towers, Dubai. “Samina Shajani”, a name that women of exquisite taste & class choose to wear across nations worldwide, finally brings her exclusive talented private niche to the forefront for the masses. A …

COLOMBO: Pakistan’s largest biscuit manufacturer and food company, English Biscuit Manufacturers (Pvt) Ltd, (EBM) and GroupM Pakistan’s fastest growing media agency m/SIX, have represented the country on numerous international forums. Their most recent achievement, and yet another feather in EBM’s and m/SIX cap, is the award for the Best Digital Media Campaign of the year at the Sri Lankan Institute …