Overseas Investors Chamber of Commerce and Industry (OICCI), the collective body of top 200 multinational companies in Pakistan, expressed its shock and dismay at the action of the FBR Large Tax Payer Unit (LTU) Islamabad yesterday in sealing the premises of the Pakistan Mobile Telecommunication Limited (PMCL), widely known across the country as ‘Jazz”, within hours after serving a notice for …

Standard Chartered Bank (Pakistan) Limited today announced its Q3 Results for 2020. The Bank delivered a resilient financial performance in Q3 2020 with year to date Profit before tax of PKR 19.9billion as compared to PKR 19.7billion in the corresponding period last year. With Revenue of PKR 32 billion, the overall revenue growth was 12per cent, whereas client revenue increased by 19per …

DUBAI: This Sunday, November 1st, Dubai’s Roads and Transport Authority (RTA) will celebrate its 15th anniversary, which also marks the 11th Public Transport Day. RTA’s era is marked by huge successes and achievements that render it at par with the most prominent entities in Dubai and the world over. It has implemented strategic plans for upgrading the infrastructure of roads, …

MANAMA: Gulf Air, the national carrier of the Kingdom of Bahrain, has officially introduced a new pricing concept of its air fares to make it easier and clearer to its passengers regarding what’s included in each price bracket. The new ‘Boutique Fares’ come in 3 branded options for economy class and 2 branded options for Falcon Gold class. Passengers can …

The Caters Events-planner Bakers Organization (CEBO) held its 3rd Grand Meet-up at Karachi’s upscale restaurant ‘The Forest’ on 27th October 2020. Theme of this year’s Grand Meet-up was ‘Super 2020 Warriors’, which aims to acknowledge those women who contributed massively during the horrid times of Covid-19. The event started off precisely at 04:00 pm on Tuesday, 27th October 2020, where …

DUBAI: Increasing cooperation between the UAE and India on food security and the UAE-India Food Corridor are two major factors expected to expand bilateral trade and investment in the future, said industry experts speaking at the India-UAE Food Dialogue. The virtual event, recently co-organised by Dubai Chamber of Commerce and Industry’s Mumbai office and Confederation of Indian Industry (CII) on …

News Desk DUBAI: The Islamic Development Bank (IsDB) President Dr. Bandar Hajjar and M. Sunil Kaushal, CEO for Africa and Middle East, Standard Chartered Bank (SCB), signed a Memorandum of Agreement to participate in IsDB’s Restore Track Programaimed to supporting IsDB’s member countries’ private sector through stimulus packages to the economic sectors most impacted by the Covid-19 pandemic. This agreement …

The Board of Directors of Indus Motor Company (IMC) released its financial results for the first quarter ended September 30, 2020. The Company’s combined sales of Complete Knocked Down (CKD) and Complete Built-up (CBU) units for the quarter increased by 73% to 11,809 units against 6,839 units sold in the same period last year. The market share of IMC in …

The Consulate General of the Republic of Indonesia visited Larkana on 16 – 17 October 2020 to promote and enhance cooperation for trade and people-to-people contact. During the meeting with Commissioner Larkana Division, Indonesian Consul General had the opportunity to discuss plans to maintain the Sukarno Tower as Indonesian heritage building, located in the middle of the city. The meeting …

The Board of Directors of Shell Pakistan Limited (‘SPL’) announced the third quarter results for the company on 28th October. The company posted an after tax profit of PKR 1,812 million compared to the profit of PKR 570 million made in the same period last year. Overall, the financials still present a challenging situation, driven primarily by the unprecedented coronavirus pandemic and …