KARACHI ( MEDIA REPORT ) Alibaba Group’s Alipay is going to enable consumers of Pakistan to make online payments globally as the Chinese third-party mobile and online payment platform is in final stage of talks. Alibaba to buy stake in Telenor Bank and is finalising share purchase. The industry officialsRead More →
ISLAMABAD ( PRESS RELEASE ) The Competition Commission of Pakistan (CCP) has issued Show Cause Notices to six battery manufacturers for misleading consumers and engaging in deceptive marketing practices in prima facie violation of Section 10 of the Competition Act, 2010. CCP conducted an inquiry after receiving a formal complaintRead More →
KARACHI ( PRESS RELEASE ) Jovago.pk, Pakistan’s first and no.1 online hotel booking website on the occasion of “World Tourism Day” that is celebrated every year on September 27 globally, brings exciting announcement for its travelers. Jovago.pk welcomes Pearl-Continental & Marriott Pakistan Hotels on board. Building on an existing relationshipRead More →
KARACHI ( PRESS RELEASE ) TPL Direct Insurance Limited – An insurance company with the heritage of providing phenomenal insurance solutions to its customers, has announced a changein its corporate identity. TPL Direct Insurance Limited will now be TPL Insurance Limited, with its commitment to provide continuous improvements in allRead More →
ISLAMABAD ( AQEEL SHIGRI ) Have you ever imagined riding on a car for hire despite owning several vehicles? Or riding a plush vehicle without ever having to own one? Until recently these ideas would have sounded very alien to you. The global launch of ride-hailing services a few yearsRead More →
LAHORE ( PRESS RELEASE ) Fauji Fertilizer Company (FFC) given top ranking from ICAP / ICMAP for its Annual Report and Sustainability Reports (2016). Fauji Fertilizer Company’s Annual Report 2016 has been awarded the Overall Top Position in all categories, besides being placed First in the Chemical Sector, of theRead More →
ISLAMABAD ( PRESS RELEASE ) The Competition Commission of Pakistan (CCP) has issued a Show Cause Notice to Reckitt Benckiser Pakistan Limited for prima facie violating Section 10 of the Competition Act, 2010 by engaging in deceptive marketing practices for its product ‘Dettol.’ CCP received formal complaint from Unilever Pakistan Limited allegingRead More →
ISLAMABAD ( MEDIA REPORT ) The auditor general of Pakistan (AGP) is reported to have found more than Rs1.32 trillion worth of embezzlement, irregularities, recoveries and over payments by companies and organisations under the Water and Power Ministry during 2016-17. Submitted to the president and laid before parliament, the AGPRead More →
LAHORE ( PRESS RELEASE ) METRO Cash & Carry Pakistan opened its door for customers to its second FRESHLY Store located at Bahria Town Lahore after the success of the first store in Allama Iqbal Town Lahore few months earlier. The store was inaugurated by Mr. Marek Minkiewicz, Managing Director,Read More →
ISLAMABAD ( PRESS RELEASE ) The Competition Commission of Pakistan (CCP) has passed an order imposing a penalty of PKR 10 million on Colgate-Palmolive Pakistan (Pvt) Ltd. for running a deceptive marketing campaign for one of its products, ‘Max All Purpose Cleaner’ (Max APC), in violation of Section 10 ofRead More →
LAHORE ( PRESS RELEASE ) Fauji Fertilizer Company Limited (FFC) has announced Half yearly results for the year 2017.The Company achieved new Urea production benchmark of 1,281 thousand tonnes during the first half. The Company attained ‘Sona’ urea sales of 1,100 thousand tonnes during the period. Dividend income amounted to Rs 1.048 billion.Consequently, net earnings of Rs 3.817 billion was earned translating in earnings per share of Rs. 3.00 during the half year. The Company also declared dividend of Rs 1.00 per share for the second quarter thus declaring aggregate dividend of Rs. 2.50 per share for the half year ended 2017.Read More →
ISLAMABAD ( PRESS RELEASE ) The Competition Commission of Pakistan (CCP) has passed an order imposing a penalty of PKR 10 million on Proctor & Gamble Pakistan (Pvt.) Limited for deceptively advertising its product ‘Safeguard’ as ‘Pakistan’s No. 1 rated Anti-Bacterial Soap’ in violation of Section 10 of the CompetitionRead More →