August 2023 - Page 3 of 42

Sindh Modaraba Management Limited Welcomes Ms. Naila Asad Shaikh as Non-Executive Director

Posted August 29, 2023 by Web Desk

Karachi, Sindh Modaraba Management Limited, the management company of Sindh Modaraba, has recently undergone a significant change in its leadership structure. The company announced that Ms. Naila Asad Shaikh has been appointed as a Non-Executive Director, effective from August 18, 2023.Ms. Naila Asad Shaikh's appointment comes as part of the…

Bank Alfalah to Withhold Cash Dividend Due to Missing CNIC and IBAN Information

Posted August 29, 2023 by Web Desk

Karachi, Bank Alfalah Limited, a leading financial institution, has announced its plan to withhold the payment of Interim Cash Dividend for the second quarter and half-year ended June 30, 2023. The Board of Directors, in a meeting held on August 10, 2023, recommended an Interim Cash Dividend of Rs. 3/-…

Fatima Fertilizer: Director Julie Jannerup Executes Share Purchase

Posted August 29, 2023 by Web Desk

Karachi, Fatima Fertilizer Company Limited, a prominent name in the fertilizer industry, has disclosed a recent share transaction executed by one of its key personnel. Julie Jannerup, an Independent Director of the company, made a significant move in the shares of the company.On August 28, 2023, Julie Jannerup executed a…

Agritech Limited Releases Q2 2023 Quarterly Report via PUCARS and Company Website

Posted August 29, 2023 by Web Desk

Karachi, Agritech Limited, a leading player in the agriculture technology sector, has unveiled its highly anticipated Quarterly Report for the period ending June 30, 2023. The company has effectively transmitted this report through the Pakistan Unified Corporate Action Reporting System (PUCARS), complying with regulatory mandates.In a bid to foster transparency…

Toshakhana case: IHC accepts PTI Chief’s petition for suspension of sentence

Posted August 29, 2023 by Web Desk

Islamabad High Court has accepted the PTI Chairman's petition for suspension of sentence in Toshakhana case.A two member bench headed by Chief Justice of Islamabad High Court Justice Amir Farooq had reserved judgment in the case yesterday.Source: Radio PakistanThe post Toshakhana case: IHC accepts PTI Chief’s petition for suspension of…

Pakistani Rupee’s Crash Mode Continues, Setting New Record Low Against USD

Posted August 29, 2023 by Web Desk

The Pakistani rupee persists in a crash mode against the U.S. dollar, setting a new record low, as the greenback was traded at 302 rupees in the interbank market yesterday, according to the State Bank of Pakistan (SBP).The U.S. dollar closed at the then-record low of 301 rupees on Friday.…

Govt to Crack Down on Overcharging Parking Stands in Lahore

Posted August 29, 2023 by Web Desk

The Punjab government has decided to take strict action against overcharging parking stands.In a statement, Caretaker Information Minister Punjab Aamir Mir said that the complaints of overcharging at the parking stands of popular destinations in Lahore have been flooding in as of late.To alleviate the public grievances regarding this issue,…

Weak Govt and Infrastructure Are Holding Pakistan Back: Moody’s

Posted August 29, 2023 by Web Desk

Weak infrastructure and governance act as additional constraints for Pakistan says Moody’ Investors Services (Moody’s).Moody’s in its latest report ‘Sovereigns – South and Southeast Asia Population growth alone will not drive credit benefits for emerging economies’ stated that weak infrastructure and governance act as additional constraints for Bangladesh and Pakistan.The…

Air Pollution in Pakistan Could Reduce Life Expectancy by 7 Years: Study

Posted August 29, 2023 by Web Desk

A new report from the University of Chicago’s Energy Policy Institute (EPIC) has revealed that escalating air pollution levels in Pakistan, particularly in Lahore, Sheikhupura, Kasur, and Peshawar, could potentially slash life expectancy by at least seven years. The study, presented in the latest Air Quality Life Index (AQLI), underscores…

Govt to Import 100,000 Tons of Sugar from Brazil As Prices Touch Record Rs. 180 Per Kg

Posted August 29, 2023 by Web Desk

The Government of Pakistan has decided to import 100,000 tons of sugar from Brazil in September.This development comes after continuous attempts to curb smuggling, which have yielded limited success. The court’s intervention, blocking government efforts to fix retail prices, has resulted in the ongoing continuation of smuggling.The Trading Corporation of…

Pakistan’s Playing XI for Asia Cup Clash Against Nepal Announced

Posted August 29, 2023 by Web Desk

Skipper Babar Azam has finalized a formidable playing 11 for the first match of the Asia Cup which is set to take place against Nepal in Multan tomorrow at 2:30 pm.Pakistan and Nepal are set to kick off the Asia Cup 2023 at the iconic Multan Cricket Stadium tomorrow. The…

Journey to progress pivoted on adherence to good governance principles: Sami Saeed

Posted August 29, 2023 by Web Desk

Caretaker Minister for Planning Muhammad Sami Saeed says the process of development should continue by adhering to the principles of good governance in institutions and system.Chairing a review meeting on governance-related issues in Islamabad, he said good governance calls for proper and efficient monitoring of all projects.The Minister underscored that…

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