Sunridge embracing transparency

Sunridge Foods Limited (SFL), a subsidiary of Unity Foods Limited (UFL), opened its doors to the media to win trust through transparency for an exclusive visit to their Sunridge Flour processing factory in Port Qasim, as per a press release.

Farrukh Amin, CEO of SFL, stated, “We are proud to open our doors to the media and share our commitment to transparency, quality, and innovation in crop transformation and farm-to-fork methodology. Through unity in purpose and firm commitment, we stand poised to redefine the possibilities in food security for responsible production and consumption.”

OGDCL enhances production

The Oil & Gas Development Company Limited (OGDCL) last week announced a remarkable achievement in its pursuit of production optimisation initiatives. The company has achieved an impressive enhancement in production at the Siab-1 well, situated within the Baratai Block in the Kohat district of Khyber Pakhtunkhwa province, according to a press release.

Siab-1, a collaborative effort under a joint venture where OGDCL operates with a substantial 97.5pc share, in partnership with the Khyber Pakhtunkhwa Oil & Gas Company Limited (KPOGCL) holding the remaining 2.5pc share, has showcased the potential of Pakistan’s energy sector.

Scholarship endowment fund

The Institute of Business Administration (IBA), Karachi and AAA Associates, a real estate organisation, have partnered to establish a scholarship endowment fund. With an aim to advance the institute’s financial assistance programme for its deserving students, the AAA Associates Scholarship Endowment will benefit deserving students in perpetuity, as per a press release.

Executive Director, IBA, Dr S Akbar Zaidi and Managing Director, AAA Associates, Shahzad Ali Kiani, signed the Memorandum of Understanding (MoU) at the Main Campus. Under this MoU, the latter will provide financial support to set up an endowment fund to benefit students in posterity.

SC strengthens digital banking

Standard Chartered Bank (Pakistan) announced the strengthening of its Digital Banking Solution. This full-fledged client-centric solution will enable the Bank’s clients to enjoy the benefits of round-the-clock banking convenience and, most of all, experience unparalleled financial services in the digital age, as per a press release.

It has been developed leveraging global expertise and best practices in partnership with local service providers under the digital drive of the State Bank of Pakistan. With this launch, Standard Chartered Bank Pakistan combines its international expertise in digital banking with its local knowledge to bring forth a unique offering in the digital banking and financial landscape.

Published in Dawn, The Business and Finance Weekly, September 4th, 2023