Category: HEC

Careem, the technology platform for the greater Middle East, has partnered with MicroEnsure to facilitate Careem captains’ health insurance in Pakistan, as announced today.
The insurance policy will cover hospitalization and ICU admission in case captains or their family members are tested positive for COVID-19 or are diagnosed with any other disease. It also provides disability benefits to captains if they are involved in an accident and are unable to continue working.
Captains will be able to benefit from insurance for COVID-19 hospitalization through their Careem captain application by clicking on the Insurance tab in the options menu, following which they will be contacted by a Micro Ensure representative for further details.
Announcing the roll out of this insurance plan for all Captains in Pakistan Zeeshan Hasib Baig, Country General Manager, Careem Pakistan commented:
Since starting operations four years ago, Careem has always cared deeply about its community. The safety and..

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In the best interest of public health, PTCL & Ufone have announced closure of Sales & Service Centers and Joint Shops across Pakistan till March 31, 2020, due to the increasing number of Coronavirus cases emerging in Pakistan.
In order to serve customers better and ensure business continuity, services will be provided to both PTCL and Ufone customers through alternate business and digital channels.
The company encourages PTCL customers to use PTCL digital channels such as PTCL Website, [email protected], Complaint Registration, Self-Care Portal, PTCL Touch App and online digital bill payment options.
To facilitate Ufone customers, digital services include Ufone Website, [email protected], My Ufone app, UPaisa, Online Banking Services, Mobile Financial Services, Retailers and ATM Machines are available.
To promote social distancing and seamless communication, PTCL encourages customers to use the digital services offered by both companies for their convenience. Furthermore, PTCL cust..

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Real estate investment is one of the most lucrative investment opportunities in Pakistan.
It not only provides you with a tangible asset but also lets you gain financial freedom in the long run.
If you want to secure your hard-earned money, investing in real estate is one of the most feasible options. Unlike other forms of investments, real estate comes with multiple benefits. For instance, if you own a property, you can opt to rent it out, use it as a personal accommodation or even put it on sites such as Airbnb. Alternatively, you can enlist your property on online portals such as Graana.com and make it visible to millions across Pakistan.
Graana.com was launched to become an answer to all your real estate investment worries.
How Graana.com is poles apart from other players in the market?
Graana.com has a customer-centered business model that ensures safety and security of its valued customers with additional features like seamless buyback policy and guaranteed returns on inves..

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The Pakistan Cricket Board has charged Umar Akmal with two breaches of Article 2.4.4 of the PCB Anti-Corruption Code in two unrelated incidents.
Article 2.4.4 of the PCB Anti-Corruption Code reads as: “Failing to disclose to the PCB Vigilance and Security Department (without unnecessary delay) full details of any approaches or invitations received by the Participant to engage in Corrupt Conduct under this Anti-Corruption Code”.
Umar Akmal was issued the Notice of Charge on Tuesday, 17 March, and has 14 days (31 March 2020) to respond in writing to the charge.
According to Article 6.2, the range of permissible period of ineligibility for those charged and found guilty for a violation of Article 2.4.4 is a minimum of six months and a maximum of a lifetime.
Umar Akmal was provisionally suspended on 20 February 2020.
The PCB will not make any further comment pending the outcome on this case

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Federal Minister for Communications and Postal Services, Murad Saeed, has announced to deliver pensions of retired government employees at their doorstep amid the Coronavirus pandemic.
The decision was taken after Prime Minister Imran Khan issued special directives to minimize unnecessary public gatherings around the country.
As per details, Pakistan Post will be providing pensions to 1.3 million former employees at their homes as the country continues to grapple with Coronavirus.
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Murad Saeed said that the safety of pensioners is a top priority. Coronavirus can prove deadly for the elderly as their immune system weakens with age.
Safety of Pakistan Post’s Employees Meanwhile, Director General of Pakistan Post, Mohammad Akhlaq Rana, has directed all circle heads to ensure the safety of thousands of employees of the department.
According to the official notification, DG Pakistan Post has ordered to pr..

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The outbreak of the coronavirus, also known as COVID-19, has had devastating effects all around the world with over 250,000 people infected and thousands of fatalities. It has led to a bloodbath in the stock markets and even halted the global auto industry.
At the time of writing, over 453 cases of COVID-19 had been confirmed in Pakistan. Previously, we talked about how you can use certain preventive measures. Now we will be talking about the impact this will have on the local as well as the global auto market.
Originally, the virus had impacted the auto supplies from China but as the virus has spread across the globe, we have seen automakers in Europe and Asia getting impacted by this.
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Local Industry For now, the impact on the local industry has gone under the radar but we can assume that we will be seeing visible effects soon. Recently, Toyota took the commendable step of postponing the offici..

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Dr. Tahir Shamsi, head of the National Institute of Blood Diseases (NIBD) Karachi, has argued that the blood of recovered Coronavirus patients can prove beneficial in slowing the spread of the virus.
Dr. Shamsi has referred to a medical technique known as passive immunization. First introduced in 1890, passive immunization is employed when the risk of infection is high, time for the body to generate an immune response is low, and no vaccine is available.
According to Dr. Shamsi:
The body of a COVID-19 patient creates antibodies to fight off the virus. These antibodies in the blood of a recovered patient could be used to boost the immunity of the newly infected people. We can save precious lives using this technique.
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It is important to point out that Chinese doctors have used passive immunization following the outbreak of COVID-19. Doctors have saved thousands of lives in China using this techni..

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The SECP, as the corporate sector regulator, has advised all companies to divert their Corporate Social Responsibility (CSR) activities and budget for COVID-19 prevention, detection and cure by contributing towards research and development activities related to the COVID-19.
SECP has invited the attention of companies’ board of directors towards their social responsibilities, enshrined in Section 204 (2) of the Companies Act, 2017; “A director of a company shall act in good faith in order to promote the objects of the company for the benefit of its members as a whole, and in the best interests of the company, its employees the shareholders the community and for the protection of the environment.’’
Since the outbreak of the coronavirus disease (COVID-19) is threatening the global economies, it is high time for the corporates in Pakistan to rise to the occasion and address their responsibility. Companies have been advised to take proactive measures to ensure effective contingency plann..

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Pak Suzuki Motor Company Limited, which is the largest player in Pakistan’s automobile industry, has announced its financial results for the year ended December 31st, 2019.
The company reported a loss of Rs. 2.92 billion on the back of massive reduction in its sales. The car manufacturing firm had booked a profit of Rs. 1.29 billion in 2018, according to a notice sent to the Pakistan Stock Exchange (PSX) on Friday.
Net sales during the year were recorded at Rs. 116.54 billion, which were down by 2.80% as compared with Rs. 119.85 billion in 2018. The cost of sales of the company inched up by 1.56% to Rs. 114.56 billion as compared to Rs. 112.80 billion. Gross profits dropped by 72.50% to Rs. 1.94 billion compared to Rs. 7.04 billion recorded in 2018.
Rupee devaluation against the US dollar resulted in increased imported material cost, consequently adversely affecting the gross profit margins.
The sales volume during 2019 for cars and light commercial vehicles declined by 16.40% from..

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Every cricket fan loves watching a batsman play a cover drive the ball irrespective of the format. The cover drive has been a favorite shot for many from the time the game was invented.
Even today with all the fancy shots and cheeky strokes coming into play, the cover drive is still the most loved and attractive cricket shot.
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Now comes the question, who plays the best cover drive in the cricket world these days. Some say Babar Azam, others vote for Virat Kohli, while most are not very picky, enjoying every cover drive no matter the batsman or the format.
On the international day of happiness, the International Cricket Council (ICC) has posted a tweet with the caption, “Happiness is … cover-drives”, while compiling six of the best cover drives from the previous three World Cups.
These include shots from Babar Azam, Virat Kohli, Under-19 stars Haider Ali, and Shahadat Hossain, and women cricketers..

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