Unilever Pakistan’s “Sustainability Accelerated”

Unilever Pakistan launches its ‘Sustainability Accelerated’ strategy aimed at driving accelerated action on sustainability, climate action, plastics circularity, nature regeneration and better livelihoods as per a press release.

The event, hosted at the Unilever Pakistan Head Office, brought together key stakeholders, government officials, and industry leaders to discuss Unilever’s new sustainability strategy. During the event, Unilever’s Climate Transition Action Plan was unveiled, outlining key steps the company is taking to reduce its carbon footprint and transition to more sustainable business practices.

The event concluded with discussions on how partnerships between corporations, government, and communities can collectively drive the sustainability agenda forward in Pakistan.

Irish investment in Pakistan

A nine-member investment delegation from the Republic of Ireland, led by Asim Sattar, CEO of X-World Consultants (Pvt) Ltd., is currently visiting Pakistan from November 4, 2024, as per a press release. This delegation has been organised through Embassy of Pakistan in Ireland in collaboration with the Special Investment Facilitation Council, Trade Development Authority of Pakistan, and Commercial Section in Manchester.

The delegation has expressed investment interest worth of €200m across various sectors, including animal casing, meat production, e-bikes, solar renewables, and Fintech.

This visit marks a step towards strengthening economic ties between Pakistan and Ireland, showcasing Pakistan as a promising destination for investment in high-growth sectors.

Pakistan Cables supports WWF

Pakistan Cables Limited pledges to support the World-Wide Fund for Nature (WWF) for its ongoing efforts for mangrove plantation as per a press release. To kick off the plantation, the Pakistan Cables employees volunteered to participate in the mangrove plantation activity at WWF Wetland Centre, Karachi.

The Company will support plantation of 1,000 mangroves at a designated WWF site in Somyani. Through the collaboration, Pakistan Cables reaffirms its commitment to environmental conservation. The plantation drive reflects Pakistan Cables’ broader environmental goals, which include reducing carbon emissions and promoting green initiatives as part of its corporate social responsibility agenda.

Meezan Bank joins ITFC

Meezan Bank announces partnership with the International Islamic Trade Finance Corporation (ITFC), a member of the Islamic Development Bank Group, under the ITFC Letter of Credit Confirmation product, as per a press release.

This product facilitates trade flow by allowing exporters and issuing banks to gain assurance from ITFC to secure payment and thus eliminate credit risks. It will support private sector clients, including small and medium enterprises, by working with local banks in Organisation of Islamic Cooperation member countries to facilitate various import transactions.

Sona’s new brand ambassador

Javelin Olympic Gold Medalist Arshad Nadeem has signed an agreement with Sona to become their brand ambassador, aiming to support farmers’ welfare and a prosperous future as per a press release.

On this occasion, Arshad Nadeem stated that this partnership will be beneficial for the welfare and progress of farmers. Sona’s management appreciated the decision to appoint Arshad Nadeem as their brand ambassador, highlighting that this alliance will provide farmers with modern facilities and great opportunities, ultimately contributing to the growth of the country’s agricultural sector.

BOK’s financial results

Bank of Khyber’s financial results for the nine month period ended September 30, 2024, reflect consistent growth across all areas according to a press release.

The bank declared profit before tax of Rs6.016bn and profit after tax of Rs2.59bn compared to Rs4.682bn and Rs2.47bn for the same period last year.

The CFO & Managing Director (Acting) said that these results are reflective of the efforts and teamwork of the employees and management of the Bank.

Published in Dawn, The Business and Finance Weekly, November 11th, 2024