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Dawlance was founded in 1980 by Bashir Dawood, a member of Dawood family, as a manufacturer of refrigerators. [5] In 1988, the company expanded its product line by introducing deep freezers. [5] In the mid-1990s, Dawlance began manufacturing air conditioners, microwave ovens, washing machines and water dispensers in Pakistan. [5]
In 2009, PEL became the sole distributor of LG Corporation's home appliances in Pakistan. In February 2018, the World Bank imposed a 33-month debarment on PEL, its affiliates PEL Marketing, Kohinoor Power Company, and its former general manager, Abdul Waheed Butt, for engaging in collusive practices during bidding on World Bank-financed ...
Name Headquarters Assets (2021) Industry Net income (2021) Habib Bank Limited: Karachi: US$26.3 billion [6]: Banking: US$217 million: Pakistan State Oil: Karachi
In 2017, Arçelik acquired Pakistan’s Dawlance for $243M. [25] In 2017, Arçelik and Tata Group has announced a new partnership. Arçelik and Voltas will form a joint-venture in India named Voltbek Home Appliances Ltd. This entity will provide manufacturing, sales, and after-sales services for VoltasBeko branded home appliances (refrigerators ...
In 2004, Haier began manufacturing home appliances in Pakistan, including microwave ovens. [1] In 2015, Haier invested $5 million to establish a mobile phone assembly plant in Lahore, which would annually manufacture over 1.5 million cellphones for the Pakistani market. [3] In 2017, Haier established a plant to assemble laptops in Pakistan. [4]
8 August – Arshad Nadeem clinches Pakistan's first Olympic track and field medal after winning gold at the men's javelin throw at the 2024 Summer Olympics in Paris. [ 100 ] 9 August – Three soldiers and four militants are killed in attacks on three army outposts in the Tirah Valley , Khyber Pakhtunkhwa, that are claimed by the Gul Bahadur ...
On 25 January 2024, the Tehrik-i-Taliban Pakistan pledged not to stage attacks on election rallies and would limit itself to attacking military and police targets during the election period. This followed the government's decision to deploy troops in sensitive constituencies after intelligence agencies warned that militants could target rallies.
The air pollution generated in November 2024 in India and Pakistan was regarded by climate researchers as an unprecedented intensification of the region's annual pollution cycle. [2] NASA satellite imaging showed a continuous cloud of smog that extended across the majority of eastern and northern Pakistan, as well as northwestern India. [3] [4]
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