The Sindh High Court dismissed petitions of Elahi Group in a case pertaining to defaults of significant amounts of payments that were due to a local bank. The Honorable High Court dismissed Constitutional Petitions number D-732 and D-733 of 2020 against the Federation of Pakistan, SBP and BankIslami. The respective petitions were filed by Danish Elahi and Shazia Arif who …

News Desk DUBAI: Six lucky individuals have been added to the long list of dollar millionaire and luxury vehicle winners as Dubai Duty Free conducted the latest draw for Dubai Duty Free Millennium Millionaire and Finest Surprise promotion today, 28th April in Concourse B at Terminal 3 of Dubai International Airport. Mr. Abdulhakim Alshafei, a 64-year-old Bahraini national based in …

The Coca-Cola Export Corporation, Pakistan has appointed Aisha Sarwari as the new Director, Public Affairs, Communications and Sustainability, for Pakistan and Afghanistan region. She joins at a time when the Company identifies Pakistan as the largest market in the region, and also a time of global restructuring to instill a flat and integrated system that gains enterprise efficiencies amidst the …

A total of 62 countries will be represented on the exhibition floor this year at the Arabian Travel Market (ATM) 2021, which takes place in-person at the Dubai World Trade Centre (DWTC) on Sunday 16 to Wednesday 19 May. Now in its 28th Year, the region’s largest travel and tourism showcase has attracted key exhibitors from inbound and outbound markets …

By Rafiq Vayani KARACHI: In an exciting development at Pakistan Stock Exchange (PSX), yet another company has been listed on the Exchange. The recently concluded Initial Public Offering (IPO) of Service Global Footwear Limited results in the sixth listing on the equity board of the Stock Exchange for the fiscal year 2021. This is a positive development as additional companies …

Gulf Air, the national carrier of the Kingdom of Bahrain, recently launched its new slogan ‘A class of our own’ during the 2021 Formula 1 Gulf Air Bahrain Grand Prix which served as a local as well as an international platform to unveil the slogan to the worldwide audience of the Formula 1 season opener. In line with the airline’s …

News Desk DUBAI: Aafaq Islamic Finance, the leading institution in the financial sector that provides financial products and services in compliance with the provisions of Islamic law throughout the UAE and the region, issued the first issue of the specialized quarterly magazine, “Aafaq”, as a platform to spread knowledge of the Islamic finance sector. The Aafaq magazine enhances knowledge with …

KARACHI: TPL Trakker, Pakistan’s leading IoT Company providing Tracking, Telematics, Mapping, and Location Based Services, has partnered with Mobilink Microfinance Bank Limited (MMBL), the largest digital bank in Pakistan, to provide Vehicle Monitoring Services. Under this partnership, commercial vehicles financed by MMBL will have the added facility of Vehicle Telematics powered by TPL Trakker. The Tracking solutions will be completely customized and provide …

Dubai Chamber of Commerce and Industry’s representative office in Ghana recently organised a webinar in cooperation with the Ghana Investment Promotion Centre (GIPC) and Dubai Investment (DI), which examined investment, business and partnership opportunities in the healthcare and manufacturing sectors of Ghana. The virtual event, attended by 236 participants from the UAE and Africa, familiarised UAE companies with new investment …

Philip Morris Pakistan Limited (PMPKL) posted a Profit After Tax of PKR 718.4 million for the first quarter ended March 31st, 2021, compared to a Profit After Tax of PKR 361.4 million for the same period last year. During the stated quarter, the Company’s domestic net turnover stood at PKR 4,440 million reflecting an increase by 6% versus same period last year. Being …