K-Electric Limited organized the Extra-Ordinary General Meeting (EOGM) on Friday, 29 July, at a local hotel. The purpose of the Meeting, which was attended by Shareholders in person and via a video link, was to elect the Directors in place of the retiring Directors. The following persons have been elected/appointed as Directors of K-Electric Limited for a term of three …

Emirates has announced further movements in its commercial team in the Middle East, Far East, Africa, and West Asia in line with the airline’s continuous expansion and accelerated operations. The new rotations will position talented and dedicated UAE Nationals in some of Emirates’ key markets, to help drive the airline’s commercial initiatives. The newly appointed commercial leads will each bring …

Careem, the Super App for the greater Middle East and Pakistan, has received donations worth PKR 10.3 million over the last two years through its rewards feature. These donations were made by customers using the Careem app to multiple reputable charities including, Indus Hospital, The Citizens Foundation (TCF), World Wide Fund for Nature-Pakistan (WWF-Pakistan), NOWPDP, SOS Children’s Village, CYTE Foundation, …

The bank announced profit after tax of PKR 8.703 billion, up by 25.5%. EPS stood at Rs. 4.90 (Jun 21: Rs. 3.90). The Board has approved an interim cash dividend of Rs. 2.5 (last year: Rs. 2.0) per share. The Bank’s deposit base stood at Rs. 1.318 trillion at the end of Q2’22, with YoY growth of 28.6%. The Bank …

Ethiopian Airlines Group, the flag carrier of Ethiopia, Africa’s largest airline group, has upsized four of its A350-900 on order to the largest variant of the A350 Family, the A350-1000, becoming Africa’s first customer for the aircraft. Ethiopian Airlines has already ordered 22 A350-900s, of which 16 aircraft have been delivered. With the A350-1000 upsizing, Ethiopian Airlines’ backlog consists of …

The Canadian Parliamentarian has termed Pakistan as a safer place not only to visit but for minorities, living in the country. “The international community has recognized the efforts of Pakistan for eradicating terrorism from the country,” a member of Canadian Parliament Sameer Zuberi said while meeting with Pakistani journalists at Karachi Press Club (KPC) here on Wednesday 27 July, 2022. …

Nestlé Pakistan reported its financial results for the first half of the year, posting a revenue of PKR 80.4 billion, an increase of 22.2% compared to same period of last year. The results were announced during a board meeting at the Company’s Head Office. The growth was broad based, driven by normalization of economic activities coupled with incremental sales volume …

Etihad Airways today announced its financial and operating results for the first half of 2022, posting a record-breaking core operating profit of US$ 296 million (H1 2021: US$ 392 million loss). This result was achieved despite fuel costs increasing by almost 60% in comparison to the same period last year. Etihad carried 4.02 million passengers in H1 2022, over 3 million more …

A delegation from Union Coop organized an official visit to the largest vertical hydroponic farm in the world, ‘Bustanica’, which was recently opened by Emirates Flight Catering in Dubai. The visit was in the interest of the cooperative to provide the best and finest types of Agricultural produce from vegetables and fruits to consumers by establishing contracts with various sources …

Alkaram, one of the biggest names in Pakistan’s textile industry, is partnering with ABHI, Pakistan’s first financial wellness platform, to offer its employees the facility of Earned Wage Access.  ABHI’s goal is to provide financial wellness services to all employees in Pakistan, giving them the ability and freedom to access their earned but unpaid salaries, so they don’t have to …