News Desk KARACHI: The Board of Directors of BankIslami Pakistan Limited (‘The Bank’ or ‘BankIslami’) in their meeting held on August 28, 2020 in Karachi approved the Bank’s interim financial results for the first half year ended June 30, 2020. BankIslami generated operating profits (before provisions and tax) to the tune of Rs. 3,382 Mn, registered a growth of 89% from …

News Desk KARACHI: DG Khan Cement Company Limited, Pakistan’s leading cement manufacturer, has chosen Schneider Electric to provide a comprehensive electrification solution for its latest production facility. DG Khan Cement Company’s Balochistan plant will use a range of smart hardware, software and services that will not only ensure the site is fully powered, but also to work towards optimizing power usage to make …

BIZ TODAY REPORT KARACHI: Pizza warrior is a family owned eatery located at Karachi’s upscale are of Naval Housing Scheme (NHS) Phase 01. The reason why Pizza Warrior is widely known as Auntie’s Pizza, is because of its chef Kiran Sohail (Mrs. Sohail Hussain). Team BizToday was talking casually to owners of Pizza warrior at their outlet where the hosts …

News Desk KARACHI: Meezan Bank, Pakistan’s first and largest Islamic bank, recently announced a ground breaking partnership with Finja, the country’s first dual-regulated fintech (regulated by SBP and SECP), to support MSMEs (Micro, Small and Medium Enterprises) through Shariah-compliant digital financing.  Local small businesses play a major role in the country’s economy but unfortunately this sector has had limited access to the …

News Desk DUBAI: Dubai Chamber of Commerce and Industry has announced the winners of 5th Dubai Smartpreneur Competition during a virtual event, which saw 10 shortlisted startups from the UAE and abroad pitch their businesses to an expert panel of judges. ProvenMed, a UAE-based medical devices innovation start-up, was name as the first place winner, Callix, a UAE-based startup offering …

By Rafiq Vayani ABU DHABI: Etihad Airways, the national airline of the UAE, and Emirates Red Crescent (ERC), a humanitarian organisation that supports official authorities, launched initiatives to support Lebanon after the Beirut explosion. Etihad organised aid to support residents who had been injured or displaced from their homes in Beirut and gathered donations including medical equipment, clothes, and amenity …

News Desk DUBAI: Emirates and flydubai have announced that customers of both airlines can once again access a wider range of travel options around the world, connecting seamlessly and safely through Dubai. Following the progressive resumption of passenger flights to global destinations, the two Dubai-based airlines have revived their successful and strategic partnership to offer customers increased connectivity, convenience and …

DUBAI: The coronavirus (Covid-19) pandemic has dealt a severe blow to an already fragile global economy.  Although the full scope of the human and economic impact of the pandemic will not be known for some time, the toll in both respects will be high. Pre-existing macroeconomic vulnerabilities make emerging market and developing economies (EMDEs) susceptible to economic and financial stress …

News Desk DUBAI: Millennium Information Solution FZ-LLCa well-reputed core banking solutions provider for the US$2.5 trillion (Dh9.1 trillion)global Islamic finance sector,has recently launched its international operations at the Dubai Internet City. Global Islamic financial assets reached US$2.5 trillion in 2018, of which Islamic banking assets represents 70 percent, or US$1.72 trillion. Sukuk issuance is expected to grow to US$115 billion …

KARACHI: Sidra Iqbal has been a constant beacon of light for youngsters in Pakistan. Not only is she one of the most celebrated TV personality, but the ambitious journalist is also an Ambassador for one of the largest privately owned networks of low-cost formal schools in Pakistan; The Citizens Foundation. Sidra is also the Youth Ambassador for I-Hope program and …