Month: April 2021

Searle to make Chinese Covid vaccine in Pakistan

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KARACHI: The Searle has signed an agreement with Chinese pharmaceutical group for the manufacturing of novel coronavirus vaccine in Pakistan. The Searle Company has concluded an exclusive licensing and supply agreement with Livzon Mapharm Inc. for the recombinant novel coronavirus vaccine (V-01). The licencing agreement also covers the manufacturing transition of (V-01) in Pakistan,” a bourse filing said on Thursday. The recombinant novel COVID-19 vaccine developed by Livzon has shown promising results in phase I and II clinical trials. The phase-Ill clinical study will include multiple countries and enroll more…

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Sapphire’s EV Ambitions

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Finally, electric bus has made its debut in Pakistan. Yesterday, there was a soft launch of first electric bus by Sapphire Group in Karachi. The project does not aim to receive any operational subsidy from the Sindh government, yet still aims to be affordable for consumers. Moreover, the real benefit is in the form of reductions achieved in carbon emission. The world is moving towards cleaner transportation solutions. Battery electric vehicles (BEV) are the top choice as it is more efficient in terms of running and is practical anywhere in…

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Petrol prices: Relief mode on?

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Inflation concerns in Islamabad are getting more and more obvious by the day. Petroleum prices were reduced for the first time since mid-November 2020. A 2.6 percent decrease in benchmark Arab light crude oil coupled with 1 percent appreciation in rupee – over the previous fortnight, made it easier for the government to reduce petrol and HSD prices by 1.4 and 2.6 percent, respectively. This was also the first instance since mid-November 2020 where the base price for petrol reduced over a fortnight. The previous such instances of reduction in…

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An interview with Syed Moonis Abdullah Alvi, CEO, K-Electric

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A chartered accountant by profession, Syed Moonis Abdullah Alvi’s career spans over three decades in the finance industry with a focus towards driving operational efficiencies, financial planning and capital restructuring. He has been associated with K-Electric in various positions. Mr. Alvi joined K-Electric in 2008 and has served as K-Electric’s Chief Financial Officer. He has also served as KE’s Company Secretary and Head of Treasury and has played an integral role in the transformation of K-Electric. He was appointed CEO of K-Electric in June 2018. He is a fellow member…

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SSGC MD assures Site body: Industrial sector’s issues to be resolved

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KARACHI: Managing Director of Sui Southern Gas Company Ltd Imran Maniar visited Site Association and met with Zubair Motiwala, President Site Association, Javaid Bilwani, Salim Parekh, Younus Bashir and other members of the association along with multiple industrialists who were present at the occassion. Representing SSGC were Saeed Ahmed Larik – DMD UFG, Brig Abuzar (R), Shahbaz Islam and Asif Ansari. During the meeting, Zubair Motiwala and other representatives of the association put forth their issues related to low pressure of gas, leakage of gas, UFG, utilizing RLNG instead of…

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