BusinessTrends

Pakistan Customs launches trade facilitation programme

Pakistan Customs launches trade facilitation programme

Pakistan Customs launched first trade facilitation program of its kind under the name and banner of Authorized Economic Operators (AEO) through operationalization of AEO pilot project at Karachi. The program has been chalked out in line with best international practices and in accordance with WCO security standards, said a press release. “Under the said program,…

Chance for Babar to regain top ranking: ICC

Chance for Babar to regain top ranking: ICC

Pakistan captain Babar Azam would be looking to continue his fine batting form in an upcoming three-match series against Zimbabwe from Saturday and regain the top place in the MRF Tyres ICC Men’s T20I Player Rankings, which he lost recently to England’s Dawid Malan, International Cricket Council (ICC) said on Thursday. “The 26-year-old, who scored 221…

Aramco records net income of $11.8 billion, free cash flow of $12.4 billion for Q3

Aramco records net income of $11.8 billion, free cash flow of $12.4 billion for Q3

The Saudi Arabian Oil Company (Aramco) announced its financial results for the third quarter of 2020. These results highlight the Company’s financial and operational strength, despite market volatility and the impact of COVID-19 on the global economy, Aramco said on Tuesday. “Aramco continues to demonstrate its strength and resilience across economic cycles, navigating challenging market…

Unilever announces results for the third quarter of 2020

Unilever announces results for the third quarter of 2020

Unilever recently announced its results for the third quarter of 2020. The strong performance – with underlying sales up 4.4% – reflects the resilience of our portfolio and our agility in responding to changing consumer and channel dynamics, said a press release. The company informed, “Underlying sales growth of 4.4%, with 3.9% volume and 0.5%…

Dubai announces 500 million dirhams stimulus package to support local economy

Dubai announces 500 million dirhams stimulus package to support local economy

Dubai unveiled a fresh AED500 million stimulus package to support the local economy, bringing the total worth of stimulus packages announced this year to AED6.8 billion. Sheikh Hamdan Bin Mohammed Al-Maktoum, the crown prince of Dubai, UAE announced this package in his tweet on Saturday. He said, “We realise the pandemic has imposed great challenges…

World Bank approves $304 million in financing for PRIDE

World Bank approves $304 million in financing for PRIDE

World Bank’s Board of Executive Directors approved $304 million in financing for Punjab Resource Improvement and Digital Effectiveness Program (PRIDE) on Thursday. The program supports efficiencies in public resource management that generate savings and create fiscal space for growth-generating investments in the Punjab province, said a press release. “The PRIDE Program will support the government of…

Huawei announces Q3 2020 business results, generates CNY671.3 billion in revenue

Huawei announces Q3 2020 business results, generates CNY671.3 billion in revenue

Huawei today announced its business results for the first three quarters of 2020. During this period, Huawei generated CNY671.3 billion in revenue, an increase of 9.9% over the same period last year. The company’s net profit margin in this period was 8.0%. Throughout the first three quarters of 2020, Huawei’s business results basically met expectations,…

PMC announces National MDCAT examination to be held on November 15

PMC announces National MDCAT examination to be held on November 15

Pakistan Medical Commission (PMC) invited applications for appearing in MDCAT examination for admission into MBBS/BDS programs in recognized medical and dental colleges in public and private sectors across the country including Azad Jammu & Kashmir. PMC-MDCAT examination will be held in the cities, depending upon the strength of applicants, including Islamabad, Rawalpindi, Gujranwala, Lahore, Multan,…

Coca-Cola reports third quarter 2020 results, provides update on strategic actions

Coca-Cola reports third quarter 2020 results, provides update on strategic actions

The Coca-Cola Company today reported third quarter 2020 results and updated its progress on several strategic initiatives that are designed to accelerate a return to growth. The Coca-Cola system continues to focus on emerging stronger from the pandemic with a portfolio of the right brands, high-impact marketing, effective innovation and a highly networked organizational structure,…

SK hynix to acquire Intel NAND memory & storage business for US $9 billion

SK hynix to acquire Intel NAND memory & storage business for US $9 billion

SK hynix and Intel announced that they have signed an agreement on October 20, Korea Standard Time, under which SK hynix would acquire Intel’s NAND memory and storage business for US $9 billion, said a news release. “The transaction includes the NAND SSD business, the NAND component and wafer business, and the Dalian NAND memory…