Puma Energy Extends Brand Licences to Chishti Group

Puma Energy International and Chishti Group have signed an extended brand licence agreement authorizing the use of the Puma Energy brand and name in Pakistan.

This brand license agreement reflects the growing strength of the Puma Energy International brand and its attractiveness as a fuel retail brand across high-potential growth markets.

The agreement marks Puma Energy International’s optimism regarding Pakistan’s long-term economic outlook, as well as Puma Energy Pakistan’s capability to grow and capture greater market share through quality products and services.

The Chishti Group, which operates a retail network under the Puma Energy Pakistan brand, has over 600 retail sites across the country that currently consists of over 50 Puma branded retail sites. The company plans to expand the network to include all the key retail sites as part of its growth plans. In addition, as part of its collaboration with Puma Energy International, the Chishti Group will explore powering Puma Energy-branded retail sites with solar energy as well as expanding its services to LPG distribution to consumers through its growing retail network.

The agreement was signed by Puma Energy International CEO Hadi Hallouche and Chishti Group Chairman Amir Chishti. A delegation of Puma Energy International, Trafigura, and Puma Energy Pakistan also welcomed and met with Pakistan’s Mr. Muhammad Ali, Caretaker Federal Minister of Energy, and discussed the country’s future outlook, as well as the Group’s commitment to the country. The delegation from Chishti included Amir Chishti, Chairman of the Chishti Group; Fayaz Khan, CEO of Puma Energy Pakistan; Javed Ahmedjee, Vice Chairman of the Board of Directors of Puma Energy Pakistan; and Kamal Haider Board Member of Puma Energy Pakistan.

Comments

47% of Asia Pac businesses have no emissions plan in place despite the climate emergency, reveals new report from ACCA, IFAC and PwC

As world leaders gather for COP 28, ACCA (the Association of Chartered Accountants), IFAC (the International Federation of Accountants) and professional services firm PwC released a new report: The role of the CFO and finance function in the climate transition: driving value and sustainability, based on a survey of 1,000 senior finance professionals around the world. The research reveals 47% of respondents in the Asia Pacific region have yet to produce a plan for reducing their carbon emissions. Alarmingly, 69% of those respondents without an emissions plan say they currently have no intention of developing one. This compares with global figures of 46% of respondents who have yet to prepare an emissions plan and 70% of those say they currently have no intention of developing one. The report also says that that involving CFOs and finance teams in the emissions reduction planning is likely to accelerate progress. They should embrace this because, although they may not

Peshawar Zalmi Releases "Zalmi Raalal" Official Anthem Powered by TCL

TCL, Pakistan's No.1 LED TV Brand, in collaboration with Peshawar Zalmi, has released their most awaited anthem for PSL 8, " Zalmi Raalal ". Directed by the maestro Hassan Dawar himself, "Zalmi Raalal" is a star-studded, power-packed amalgamation of music, fashion, and sports, the three foremost passion points of Peshawar Zalmi. Produced by Naughty Boy, who has worked in the global music industry with the likes of Beyoncé, Wiz Khalifa, and Sam Smith, the music video features cricket's biggest superstars Darren Sammy and Babar Azam, as well as Pakistan's biggest celebrities Mahira Khan and Hamza Ali Abbasi. Peshawar Zalmi's official anthem for 2023, "Zalmi Raalal", is an ode to passion, a story entailing the beauty and power of the KP region and its people. The anthem has crossed one million views on all online platforms since its release, and the number is increasing fast. The star-studded and narrative-centric anthem feature

Economic confidence among finance professionals edges higher globally despite big fall in North America

The latest ACCA (the Association of Chartered Certified Accountants) and IMA ® (Institute of Management Accountants)  Global Economic Conditions Survey (GECS) suggests that confidence among accountants and finance professionals edged slightly higher in Q2 2024 and is just above its historical average. For chief financial officers (CFOs), all the key global indicators rose, with sharp gains evident in the New Orders and Capital Expenditure indices. There were some notable regional differences . Western Europe-based accountants reported another decent increase in confidence as the euro area and UK economies continue to stage recoveries. Even Asia Pacific saw a small rise off the back of a huge gain previously, and the New Orders Index increased strongly. The region is benefitting from improvements in the global economy, including in the manufacturing sector and the upward moving technology cycle. However, North America’s financial professio

News Herald

Search This Blog