Lucky Core acquires Pfizer assets

Lucky Core Industries Limited (LCI) has executed Asset Purchase Agreements with Pfizer Pakistan Limited and Pfizer Inc., per a recent press release.

The assets include a manufacturing facility owned by Pfizer Pakistan Limited located in Karachi, a portfolio of well-established pharmaceutical brands, namely Ansaid, Ponstan, Ponstan Forte, Basoquin, Deltacortril, Lysovit, Corex-D, Mycitracin, and trademarks associated with said pharmaceutical products.

LCI’s Chief Executive, Asif Jooma, commented: “This acquisition marks a significant milestone in our journey towards accelerating the growth of our Pharmaceuticals business.”

Pak-France alumni event

The Consulate General of France, in collaboration with the French Embassy in Pakistan, Campus France Pakistan and Pakistan France Business Alliance, hosted the second edition of “French Alumni Day – connecting talents with global carriers”, as per a press release.

The event was organised to promote alumni’s careers and show the role that their academic education in France played in their career choices, encouraging interactions between the Pakistani Alumni, French companies established in Pakistan, and other members of the Pakistan France Business Alliance.

The event was attended by Kamran Tessori, the Governor of Sindh, and various personalities from the business community, the education sector, and universities.

Synergy group’s silver jubilee

Synergy Group, Founded in 1999 by Ahmed Kapadia, is an integrated marketing communication (IMC) industry company that recently celebrated its 25th Anniversary, according to a press release.

“Synergy Group’s success over the years is a testament to our unflinching belief in the power of collaboration, innovation and limitless potential,” said Mr Kapadia. “From our humble beginnings, we have always encouraged our team to dare to dream big, experiment, learn, and grow together. This spirit of unity, teamwork and the challenger mindset has driven us to achieve remarkable milestones over the past 25 years.”

OGDCL collaborates with IPRI

Oil and Gas Development Company Limited (OGDCL), according to a press release, entered into a collaboration with Islamabad Policy Research Institute (IPRI) for an Endowment of Economic Security Chair.

The Chairman of the Board of OGDCL and CEO of Bank of Punjab, Zafar Masood, Managing Director and CEO of OGDCL, Ahmed Hayat Lak, and senior industry officials were present at the ceremony, where the role of OGDCL in terms of green financing was underscored, and the appropriate use of AI was highlighted.

Saudi Food Show 2024

According to a press release, Pakistan participated for the first time in the Saudi Food Show 2024, held at the Riyadh International Convention & Exhibition Centre. The Trade Development Authority of Pakistan (TDAP) led the country’s delegation to the event, one of Saudi Arabia’s largest agro-food exhibitions. The show featured over 1,000 exhibitors from more than 97 countries.

During a media briefing, the CEO of TDAP praised Pakistan’s rice sector, noting that rice exports are set to reach the $4bn mark this year. Pakistani basmati rice, celebrated as a national pride, is exported to 191 markets worldwide, with Saudi Arabia being an essential destination. Pakistan’s participation in The Saudi Food Show 2024 strengthens the historic ties between Pakistan and Saudi Arabia.

Zindigi’s Haj initiative

The Digital banking Initiative of JS Bank, Zindigi, has partnered with 5th Pillar Family Takaful, a prominent provider of Takaful products and services, to make Haj and Umrah pilgrimages more accessible, as per a press release.

This collaboration brings together Zindigi’s digital platform with 5th Pillar’s established Haj and Umrah saving plans including the end-to-end value chain. This means customers will be experiencing a hassle-free, pilgrimage saving and traveling plan directly through Zindigi Mobile App.

The partnership between Zindigi and 5th Pillar Family Takaful represents a significant step towards making Haj and Umrah pilgrimages more accessible and convenient.

Published in Dawn, The Business and Finance Weekly, May 27th, 2024