Strong performance of NICL
National Insurance Company Limited (NICL), under CEO Khalid Hamid, has pulled through trying times and became one of the top-performing entities of the Government of Pakistan, says a press release. With a robust monetary footing, it is one of the highest taxpayers contributing to the national exchequer. NICL reported a record gross unwritten premium of Rs25.65 billion for the end of FY22, demonstrating a growth of 30pc from 2021 and an impressive 77.3pc increase compared to FY20.
Paymob sponsors Quetta Gladiators
Paymob, the leading financial services enabler in the Middle East, North Africa and Pakistan announces its official sponsorship of the HBL PSL franchise, Quetta Gladiators, for the 2023 season, as per a press release. The official signing ceremony was held in Karachi with star pacer Muhammad Hasnain and legendary fast bowler and bowling coach Umar Gul in attendance.
BIC partners with NCUK
Beaconhouse International College (BIC) has partnered with NCUK to offer International Foundation Year degrees to Pakistani students, as per a press release. BIC will ensure the delivery of NCUK’s Degree International Foundation Year to students at its nationwide campuses. After completing the Foundation Year course, students will be able to gain admission to NCUK’s partner university, ensuring access to higher education.
Constraints faced by female entrepreneurs
The Centre for Entrepreneurial Development, Institute of Business Administration, Karachi, and Sindh Investment Department signed an agreement to conduct a study on constraints being faced by women-owned and managed businesses in Karachi, according to a press release. This is a World Bank sponsored research project under the Competitive & Livable City of Karachi.
TDAP wins best pavilion title
The Trade Development Authority of Pakistan (TDAP) won the “Best Pavilion Activation – International” title at the New York Travel and Adventure Show 2023, which was held on 28 and 29 January 2023, at the Jacob Javits Convention Centre in New York, according to a press release. The show had participants from more than 175 countries. TDAP and Pakistan Tourism Development Corporation (PTDC) co-organised the participation of 20 companies from the tourism sector of Pakistan. n
Awareness session on Islamic banking
Meezan Bank, in collaboration with Memon Professional Forum (MPF), held an awareness seminar on Islamic banking at ICAP Auditorium, Clifton, Karachi, on Friday, February 10, 2023. MPF is a prestigious body of over 1,100 professionals from various disciplines. Jameel Ahmad, Governor of State Bank of Pakistan, graced the event, according to a press release.
Financial and insurance solutions
State Life Insurance Corporation of Pakistan and the National Bank of Pakistan signed a Memorandum of Understanding (MOU) for offering bilateral financial and insurance solutions, says a press release. The ceremony was held at the State Life Head office.
Sixth edition of The Future Summit
The 6th Edition of The Future Summit (TFS), hosted by Nutshell Group, concluded last week with eminent delegates speaking on diverse topics aimed at recommending a futuristic direction to the corporate sector, policymakers, and stakeholders of the country, as per a press release.
SIA appoints Gerry’s
Singapore Airlines (SIA), the flag carrier of the Republic of Singapore has appointed Gerry’s International as its General Sales Agent (GSA) in Pakistan, as per a press release. Singapore Airlines will currently be an offline carrier operating through its two online gateway cities of Dubai and Colombo.
Published in Dawn, The Business and Finance Weekly, February 20th, 2023
