UAE-based Carrefour partners with Pakistani NGO to help the needy in Ramadan

In this photo taken on March 21, 2023, representatives of Carrefour Pakistan and Pakistani non-profit organization (NGO) Alkhidmat Foundation sign an agreement to help the needy during Ramadan. (Photo courtesy: Carrefour Pakistan)
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Updated 22 March 2023
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UAE-based Carrefour partners with Pakistani NGO to help the needy in Ramadan

  • Carrefour, Pakistan’s Alkhidmat Foundation to provide meals to less privileged Pakistanis in Ramadan
  • The two will also provide humanitarian aid to people affected by the devastating quake in Türkiye, Syria

ISLAMABAD: Retail company Carrefour Pakistan, owned and operated by UAE-based holding firm Majid Al Futtaim, announced on Wednesday its decision to join hands with Pakistani non-profit organization (NGO) Alkhidmat Foundation to provide relief to earthquake victims in Syria and Turkiye, and provide free meals to the less privileged in Pakistan during Ramadan. 

Ramadan is the ninth month of the Islamic calendar, observed by Muslims worldwide as a month of fasting, prayer, reflection, and charity. The first fast in Pakistan is likely to be observed on Thursday, March 23.

Through the collaboration, Carrefour said the two would provide meals to the less privileged Pakistanis in Ramadan and also send relief items to victims of the recent devastating earthquakes in Türkiye and Syria.

“We believe in the power of collective action and community support. We are greatly pleased to join hands with Alkhidmat Foundation to play our part in eliminating food hunger in the country, whilst providing relief to those affected by the earthquakes in Turkiye and Syria,” Umer Lodhi, Carrefour Pakistan’s country manager, said.

“We hope our combined efforts will make a positive impact on those who need it the most.”

The statement added that customers would also have the opportunity to give back to the community this Ramadan by purchasing special, pre-packed boxes filled with essential food items such as rice, flour, oil, dates & pulses.

The pre-packed boxes, it said, will then be distributed among needy families to help provide them some relief during Ramadan as the South Asian country grapples with decades-high inflation.

“Earthquake relief boxes comprising shelter supplies, clothing, and non-perishable food items are available for customers to buy and donate at all Carrefour stores,” the statement said.


Pakistan stocks rebound on easing regional tensions, gain over 1,500 points

Updated 13 January 2026
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Pakistan stocks rebound on easing regional tensions, gain over 1,500 points

  • The development came after Iran said it was keeping communication channels with Washington open amid cost-of-living protests
  • It followed a threat by President Donald Trump last week to intervene militarily if Tehran continued cracking down on protesters

ISLAMABAD/KARACHI: The Pakistan Stock Exchange (PSX) edged higher on Tuesday as the benchmark index gained more than 1,500 points, with analysts citing easing regional tensions following signals of potential talks between Iran and the United States (US).

The benchmark KSE-100 index gained 1,567.36 points, or 0.86 percent, to close at 183,951.50 points, compared to the previous close of 182,384.14 points when the market had shed more than 2,000 points, according to PSX data.

Iran has been witnessing public unrest over worsening economic conditions. Around 2,000 people, including security personnel, have been killed in violent protests, Reuters reported, citing an Iranian official.

Tehran said on Monday that it was keeping communication channels with Washington open as US President Donald Trump imposed 25 percent tariffs on countries trading with the Islamic republic.

“Stocks showed sharp recovery at PSX after Iran and US signal talks over unrest in Iran,” Ahsan Mehanti, chief executive officer at Arif Habib Commodities, told Arab News.

“Surging global crude oil prices and speculations ahead of corporate results in the earnings season played a catalyst role in bullish close.”

Najeeb Ahmed Khan Warsi, digital and retail business officer at Al-Habib Capital Market, said the index had seen a three-day bearish streak.

“Geopolitics and global volatility driving downturn, profit-taking and economic concerns weigh in,” he added.

Meanwhile, Pakistani market research firm Topline Securities said the benchmark index ended the session on a “positive note” on Tuesday.

“Trading interest remained subdued, as total market volumes reached 1,033 million shares, while the value of shares traded stood at Rs62.9 billion,” it said in a daily market review on X.

United Bank Limited (UBL), National Bank of Pakistan (NBP), Muslim Commercial Bank Limited (MCB), Lucky Cement Limited (LUCK) and Meezan Bank Limited (MEBL) jointly contributed 936 points to the index, according to the research firm.

Fauji Fertilizer Company Limited (FFC), Sazgar Engineering Works Limited (SAZEW) and Haleon Pakistan Limited (HALEON) collectively shaved 158 points off the index.

“Bank of Punjab (BOP) led the volume rankings, emerging as the most actively traded stock with 73 million shares,” Topline Securities added.