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Day: November 2, 2022

Donated money does not reach genuine charitable causes: Moot told

Karachi
KARACHI: The Art of Giving (AOG) organized its first-ever Open House at the Port Grand to provide an opportunity for the leading non-profits of the country to display their philanthropic and noble social work to prospective donors. The AOG joined hands with the NFEH and CSR Club Pakistan to combine at one place leading charities, philanthropists, and donors for mobilizing maximum resources for genuine charitable causes in the country. AOG CEO, Raheel Aslam, said the Open House was organized to celebrate the fact that eight out of every 10 citizens in Pakistan fully believed in the concept of charitable donations irrespective of their socio-economic status. He said that those generous Pakistanis donated an average of Rs 10,000 every year but that money didn’t reach genuine charitable cau...

Govt will not be blackmailed by any pressure from long march: Kaira

Islamabad
ISLAMABAD: Adviser to the Prime Minister on Kashmir and Gilgit-Baltistan Affairs Qamar Zaman Kaira has categorically said the government would not be blackmailed by any pressure from the long march. Talking to a private news channel, he said, there would be no talks with the PTI under any condition and all the decisions would be made according to the constitution. He said if long march remains within the limits of law, the government would fulfill its responsibility and would not create any hurdle in way of protesters. He said the government cannot allow anyone to take the law into their own hands and those who try to violate the rules would be accountable.

Chinese Cos take keen interest in investment, joint ventures in Pakistan

Islamabad
ISLAMABAD: The Chinese companies have evinced keen interest in investment and joint ventures in Pakistan. During a meeting with Prime Minister Shehbaz Sharif in Beijing on Wednesday, they also accepted the invitation to invest in mega projects including Karachi clean drinking water project. The Prime Minister invited the top ranking Chinese companies to visit Pakistan and offered them to jointly work on his government's initiative of generating ten thousand megawatts of electricity through solar. The Prime Minister stressed for accelerating pace of work on Gwadar airport. The Chinese side assured to complete the project by the beginning of next year. Shehbaz Sharif said ever since assuming office, he has removed hurdles faced by the companies. He said we have paid the outstanding amo...

Pakistan provides ideal conditions for US investors, entrepreneurs: Envoy

Islamabad
ISLAMABAD: Pakistan’s Ambassador to the United States Masood Khan has said Pakistan provides ideal conditions for the US investors and entrepreneurs to explore, invest and expand their businesses. Talking to a delegation of Pakistani Young Entrepreneurs in Washington DC, he pointed out that Pakistan based tech startups alone have earned around 1.5 billion dollars in the past eighteen months out of which sixty percent has been funded by the US based Venture Capital Firms primarily in San Francisco. He emphasized the need for a continued engagement between Pakistan and the US to further promote trade and investment relations as well as to enhance cooperation in the health, agriculture and tech sectors. Masood Khan said concerted efforts are being made to create strong linkages at all l...

China will continue to extend support to Pakistan for sustainable economic development: Xi Jinping

Islamabad
ISLAMABAD: Chinese President Xi Jinping has assured that his country will continue to extend support to Pakistan for sustainable economic development and harness its potential as a geo economic hub. He made these remarks during a meeting with Prime Minister Shehbaz Sharif at the Great Hall of People in Beijing on Wednesday. The Chinese President announced an additional assistance package of five hundred million RMB for Pakistan's post flood relief and rehabilitation efforts. Both the leaders reaffirmed their commitment to the all-weather strategic partnership between the two countries that has withstood the test of time. It was noted that the two nations have stood firmly side by side, in realizing their shared vision of peace, stability, development and prosperity. The two leaders d...

Board of directors meeting of Drekkar Kingsway Limited

Board Meetings, Company News, English
Karachi, Drekkar Kingsway Limited informed Pakistan Stock Exchange that board of directors meeting of the company will be held on November 05, 2022 at Lahore. The agenda of the meeting will to consider the Annual Accounts for the period ended June 30, 2022. Further, the company has declared the closed period from November 03, 2022 to November 04, 2022. Drekkar Kingsway Limited was registered on June 28, 1993 as Private Limited Company and was subsequently converted into Public Limited Company as on June 29, 1994. The principal activity of the company was manufacturing of all type of electrical appliances, cosmetics, toiletries, leather goods, machinery, components and parts. In 1996, the company sold its plant and machinery. The company is currently engaged in making equity investments in ...