Business Trends

Zong expands its ‘Apna Shehr’ offer to Kot Addu, Layyah, Mianwali, and Khushab

Zong expands its ‘Apna Shehr’ offer to Kot Addu, Layyah, Mianwali, and Khushab

Zong 4G has now introduced its popular ‘Apna Shehr’ offer for the residents of Kot Addu, Layyah, Mianwali, and Khushab, said a press release. “The new Apna Shehr’ packages give users from these cities complete freedom to fulfill all their communications needs for the entire week. These unbeatable call and data offers are a testament…

SBP issues instructions to enhance the stability and soundness of Islamic Banking

SBP issues instructions to enhance the stability and soundness of Islamic Banking

The State Bank of Pakistan (SBP) has issued exclusive instructions on Shariah Non-Compliance Risk (SNCR) management, aimed at enhancing the stability and soundness of Islamic banking. The foundation of Islamic Banking lies in compliance with Shariah rules and principles in all its business activities and operations. SNCR is a unique risk faced by Islamic Banking…

General Assembly of Islamic Financial Services Board selects its Chairman for 2022

General Assembly of Islamic Financial Services Board selects its Chairman for 2022

Governor State Bank of Pakistan (SBP), Dr. Reza Baqir has been appointed as the Chairman of the General Assembly of Islamic Financial Services Board (IFSB) for the year 2022. His appointment was approved by the IFSB General Assembly in its 19th meeting held on 9th June 2021, SBP said in its press release. “Dr. Reza…

Ferrari appoints Benedetto Vigna as CEO

Ferrari appoints Benedetto Vigna as CEO

Ferrari N.V. announces the appointment of Benedetto Vigna as its Chief Executive Officer. He will join Ferrari on 1 September from STMicroelectronics (ST), where he is currently President of its Analog, MEMS (Micro-electromechanical Systems) and Sensors Group, ST’s largest and most profitable operating business in 2020. He is also a Member of the ST Group’s…

Sony to develop sustainable paper material from bamboo, sugarcane fiber

Sony to develop sustainable paper material from bamboo, sugarcane fiber

Sony Group Corporation and Sony Corporation (Sony) have developed “Original Blended Material,” an environmentally conscious and sustainable paper material made from bamboo, sugar cane fiber and post-consumer recycled paper, whose origins are specified, said a news release. “Original Blended Material is a recyclable, durable and strong paper material that does not use any plastic. Sony…

Joint venture between Nissan and Mitsubishi Motors marks 10 years

Joint venture between Nissan and Mitsubishi Motors marks 10 years

The joint venture between Nissan Motor Co., Ltd. and Mitsubishi Motors Corporation, NMKV Co., Ltd., has marked ten years since its founding, Nissan said in its official statement on Tuesday. “Nissan and Mitsubishi Motors established NMKV on June 1, 2011 as a 50/50 joint venture engaged in product planning and project management for minivehicles sold…

Nestlé Pakistan introduces paper straws across ready-to-drink products

Nestlé Pakistan introduces paper straws across ready-to-drink products

Nestlé Pakistan has introduced paper straws across its entire ready-to-drink (RTD) product range, making it the first food and beverage company in Pakistan to do so. The initiative will eliminate over 400 million plastic straws, marking a breakthrough in its sustainable packaging transformation journey, the company said on Thursday. “This is in line with the…

Dove announces €8.5 million forest restoration project

Dove announces €8.5 million forest restoration project

Dove announced the Dove Forest Restoration Project, one of the biggest protection and restoration efforts from any beauty brand to-date. The project is designed to protect and restore forests, protect the habitats of endangered species, and improve the livelihoods of 16,000 people who call North Sumatra, Indonesia home, Unilever said in its press release on Thursday….

Toyota Ventures Climate Fund established

Toyota Ventures Climate Fund established

Toyota is strengthening company-wide efforts to further accelerate CO2 reduction toward its goal of carbon neutrality. As a part of this effort, Toyota has established a global investment fund, the “Toyota Ventures Climate Fund”, the company said on Thursday. “To achieve carbon neutrality, in addition to making our own efforts, we believe that we need to…

Zong brings postpaid roaming offer for Singapore

Zong brings postpaid roaming offer for Singapore

Zong 4G has now come up with an amazing roaming offer for Singapore. The offer will help Pakistanis travelling to Singapore for business or leisure keep in touch seamlessly with their family and friends back at home, said a press release. “With Zong’s Singapore Postpaid Bundle, subscribers will get 30 Minutes, 30 SMSs, and 300…