Author: yasir

Dolmen Group; Pakistan’s largest operator of shopping malls and the first company in South Asia to operate REITS is excited to announce the grand opening of its largest mall to date in Lahore. Located in the prestigious Defence Housing Authority (DHA) Phase 6, this state-of-the-art development is set to transform the retail landscape of the region and provide a world-class shopping experience for local and international visitors alike. Set to become a shopping destination unlike any other in the country, Dolmen Mall Lahore has the biggest Gross Leasable Area (GLA), making it the largest mall in the country. The mall…

UBL Unveils the Visa Premium Plus Debit Card – A Groundbreaking Eco-Friendly Solution for a Sustainable Future. UBL (United Bank Limited) is proud to announce the launch of its Visa Premium Plus Debit Card, a pioneering financial product designed to cater to the evolving needs of eco-conscious customers while supporting the bank’s ongoing commitment to sustainability. The UBL Visa Premium Plus Debit Card is the first of its kind in Pakistan, made from recycled PVC, marking a significant step in UBL’s effort to push for environmental responsibility within the financial sector. The UBL Visa Premium Plus Debit Card is a…

The Sindh government is developing two special economic zones inKarachi to facilitate Chinese investors in setting up variousindustries in collaboration with local businessmen. This was stated bySyed Nasir Hussain Shah, Provincial Minister for Energy, Planning, andDevelopment on Saturday.Speaking as the chief guest on Saturday at the 10th Beauty, Fitness,and Consumer Health International Expo at Expo Centre Karachi, theprovincial minister highlighted that multiple industries are beingestablished in Karachi, the commercial hub of the country, mainly dueto shifts in global trade policies for China.Several countries plan to end direct imports from China, but Chineseproducts could still be indirectly imported via other countries,particularly…

Telenor Velocity, Telenor Pakistan’s premier startup accelerator program, in partnership with the Special Technology Zones Authority (STZA) and Invest2Innovate (i2i), successfully hosted a thought-provoking roundtable discussion during the prestigious +92Disrupt 2024. The session, centered on the theme “From Idea to Impact: Closing the Funding Gap in Pakistan’s Startup Ecosystem. The roundtable brought together 36 thought leaders representing investors, startups, corporates, entrepreneurial support organizations and policymakers to discuss building a robust startup funding ecosystem. Discussions focused on attracting domestic and foreign investment through policy consistency, tax incentives and regulatory reforms. Participants emphasized diversifying funding sources, fostering startup sustainability and enhancing investment…

IBA is leading the charge toward a sustainable future with its ambitious green initiatives. As part of its ongoing commitment to environmental stewardship, IBA has introduced several groundbreaking projects aimed at reducing its carbon footprint and promoting renewable energy across its campuses & hostels. One of the key highlights is the launch of electric-powered shuttles at the IBA Main Campus. These eco-friendly vehicles, powered by the solar plant at the campus, offer a green transportation solution for students, faculty, and staff. This initiative aligns with IBA’s sustainability goals and represents a significant step towards minimizing dependency on fossil fuels, ensuring…

Business and economic activities are evolving from traditionalsectors to emerging ones, including beauty, fitness, and consumerhealth, hence these sectors are creating increasing opportunities forinvestment and employment at both global and local levels, saidMuhammad Uzair Nizam, Executive Director of Ecommerce GatewayPakistan.Speaking at the inauguration of the 10th edition of Beauty, Fitness,and Consumer Health Asia, on Thursday alongside foreign delegates fromvarious countries, Nizam stated that emerging sectors are no longerniche but are gradually transforming into vital pillars of the globaleconomy.He added that these sectors are generating millions of jobs across thevalue chain—from manufacturing and marketing to research andretail—significantly boosting employment rates and…

InfraZamin Pakistan and Saudi Pak Industrial and Agricultural Investment Co Ltd signed a landmark transaction to provide an 11.5-year Distributed Solar Financing Facility to Acumen Energy Limited (Acumen) for PKR 1.28 billion. The Facility will be backed by a PKR 1.04bn credit guarantee to Saudi Pak and will mark InfraZamin’s first foray into renewable energy. The transaction, supported by Private Finance Advisory Network (“PFAN”) and Capital Resource as the advisors, will enable Acumen Energy Limited to finance the development of approximately 12 MW of solar power projects across Pakistan. Climate financing is a key focus area for the both InfraZamin…

Oxford Pakistan Program Hosts Exclusive Hi-Tea Celebrating Hamid Ismail, Malala Yousafzai, and Scholars, Advancing the Vision of Higher Education and Empowerment The Oxford Pakistan Program (OPP) recently hosted a distinguished hi-tea at the University of Oxford, bringing together key figures committed to advancing education and empowering the next generation of leaders. The event featured Businessman and philanthropist Hamid Ismail CEO Ismail Global, Nobel laureate Malala Yousafzai, scholars from the Hamid Ismail Foundation and Malala Fund, the Vice-Chancellor of Oxford, the Principal of Lady Margaret Hall, and key members of the Pakistani diaspora. The event served as a powerful reminder of…

Pakistan, through holding the international Islamic capital market conference, is paving the way to transition into a sustainable, equitable, and interest-free financial ecosystem. This was stated by SECP Chairman Akif Saeed in his welcome address at a dinner jointly hosted by the Central Depository Company of Pakistan Limited (CDC), Pakistan Stock Exchange (PSX) and National Clearing Company of Pakistan Limited (NCCPL) for the delegates and speakers of the Second International Islamic Capital Markets Conference and Expo that started in Karachi today. The Central Depository Company of Pakistan Limited (CDC), Pakistan Stock Exchange (PSX), and National Clearing Company of Pakistan Limited…

Faysal Bank Limited (FBL), one of Pakistan’s leading Islamic banks, has been honoured by the State Bank of Pakistan (SBP) under its Pakistan Remittance Initiative (PRI) as the Fastest Growing Bank in Pakistan’s Remittance Market. The award was presented at the 4th Pakistan Remittance Summit, held recently in Rome, Italy. This prestigious award underscores FBL’s excellence and growing leadership in the remittance sector, reflecting the trust and confidence placed in the Bank by its valued customers, in Pakistan and abroad. Mr. Yousaf Hussain, President & CEO, FBL, said, “We are deeply honoured by this recognition from the State Bank of…