NEPRA conducted a public hearing on 31 August over the petition for negative Fuel Charge Adjustments at the rate of PKR 3.47 per unit submitted by K-Electric for July 2022. After NEPRA’s approval, consumers may receive a benefit of 3.47 rupees per unit for consumption in July 2022. Compared to the month of June, July’s FCA is lower primarily due …

In the wake of the unprecedented floods which has affected millions of people across the country, Zong 4G has announced free of cost services for all impacted areas. Zong 4G is going above and beyond by providing free services to all impacted customers. This includes free of charges calls to any Zong Number in Pakistan for people in affected areas. …

The Board of Directors of Faysal Bank Limited, in their meeting held on August 25, 2022, approved the financial statements of the Bank for the half year ended June 30, 2022. The Board declared 5% interim cash dividend to the shareholders. Profit before tax for the half year ended June 30, 2022 registered an impressive growth of 32.5% over the …

NdcTech, a wholly owned subsidiary of Systems Limited and one of the fastest-growing consulting companies exhibited its offerings at ITCN Asia, one of the biggest IT conferences in Pakistan. The company’s experts shared insights on how NdcTech is building banks of the future by accelerating their mission-critical digital transformations. While addressing the audience at ITCN Asia, Mr. Asif Peer CEO, …

Emirates, the world’s largest international airline, carried more than 10 million passengers on nearly 35,000 flights to 130 destinations this summer. Having anticipated the strong return of travel demand, Emirates worked closely with its airport partners to operate as scheduled, minimise travel disruptions, and take customers to their planned holidays and trips to see friends and family across the world over …

Award-winning creative communications agency BPG (part of the WPP Network) has closed the first half of 2022 in style with two major business wins after competitive pitches. Geely Auto Group, the largest privately owned Chinese automotive brand, and Kwai, one of the fastest growing short-form video platforms in the world, are the latest powerhouse Asian brands to join BPG’s portfolio …

Anum Shakeel Social and Youth activist becomes Vice Curator-Karachi Hub at Global Shapers Community. The Global Shapers Community is an initiative of the World Economic Forum. The GS Community is a network of Hubs developed and led by young people who are exceptional in their potential, their achievements, and their drive to make a contribution to their communities. With the …

A conference on the economic scope of the gaming industry in Pakistan  organized by the Pakistan Software Houses Association (PASHA), with support from Tencent, took place in Islamabad today. Conference panelists discussed the viability and potential of gaming and animation contributing to the overall IT and ITeS exports of Pakistan and, thus, facilitating the economic growth of the country. Conversations centered …

KUALA LUMPUR/DUBAI: Gobi Partners, the most interconnected Pan-Asian venture capital firm with US$1.5 billion in assets under management, has appointed Gui Ee Leen as its Human Resources Partner. In this newly created role, Ee Leen alongside Gobi’s ASEAN Human Resources (HR) team will be responsible for the company’s HR strategy including recruitment and employee retention programmes with a focus on …

Oliver Wyman’s recent Airline Economic Analysis 2021-2 found that labor shortages and inflation were the two biggest issues facing the aviation sector as it emerges from the COVID-19 pandemic, making it difficult for airlines to satisfy growing demand and pushing up operational expenses. As summer school holidays begin in the Middle East and airlines get busier, we look at what the findings mean from …