SECP publishes diagnostic study on Motor third-party insurance
The Security and Exchange Commission of Pakistan (SECP) has released a diagnostic study providing a holistic synopsis of the existing landscape of Motor third-party insurance in the country. The objective of this study was to present an in-depth overview of the legal framework applicable to motor third-party insurance, the current state of motor insurance, impediments…
Adil Aziz
SBP keeps policy rate unchanged at 22 percent
The Governor of State Bank of Pakistan (SBP) Jameel Ahmad while announcing the monetary policy, said that SBP has decided to keep the policy rate unchanged at 22 percent. Addressing a press briefing about the Monetary Policy, along with SBP Deputy Governors Dr. Inayat Hussain and Sima Kamil, and Director Policy Rate Fida Hussain, the…
From “Trust Issues” to Global Stardom: Annural Khalid is Spotify’s EQUAL Pakistan Ambassador for July 2023
Although her first album is expected to come out later this year, Annural Khalid is already a well-known name in the local music scene From humble beginnings, Annural Khalid has risen through the ranks to become Spotify’s EQUAL Pakistan Ambassador for the month of July 2023 owing to her soulful compositions and heart-touching voice. As…
Dar pledges to raise foreign reserves to $15 Billion
Minister for Finance and Revenue, Muhammad Ishaq Dar pledged to increase the country’s foreign exchange reserves from $14 billion to $15 billion in the next seven weeks. Speaking on a Point of Order in the Senate, Dar mentioned that the past 11 months had been challenging due to predictions from rating agencies about Pakistan’s potential…
SECP Registers Life insurance Company as a Pension Fund Manager
Promoting healthy competition in the pension management field, the Securities and Exchange Commission of Pakistan (SECP) registered M/s IGI Life Insurance Limited as a Pension Fund Manager under the Voluntary Pension System Rules, 2005. The Pension Funds established under the VPS Rules are professionally managed savings-cum investment vehicles, that enable salaried and self-employed individuals to…
MyUfone app’ users get added convenience with brand new ‘Make Your Own Bundle’ feature
Pakistani telecom company, Ufone 4G has introduced a brand new feature ‘Make Your Own Bundle (MYOB)’ on MyUfone app to deliver unrestrained enablement and power of choice to its users. The new feature provides its users full control to personalize their mobile usage according to their unique requirements. The ‘Make Your Own Bundle’ feature is…
PTCL implements Robotic Process Automation for Digital Transformation of Customer Care Operations
Pakistan Telecommunication Company Limited (PTCL), the leading ICT services provider in Pakistan, has announced the implementation of Robotic Process Automation (RPA) in its Customer Care operations as a vital part of its digital transformation strategy. The aim is to improve overall customer experience across all touch points. The initiative will help PTCL firmly align with…
Emirates Welcomes Air Canada to Terminal 3 at Dubai International
Move significantly enhances the connecting experience and underscores the carriers’ strategic partnership Air Canada and Emirates today announced a customer service milestone in the two airlines’ strategic partnership with the move of Air Canada’s operations to Dubai International’s (DXB) flagship Terminal 3 as of July 26th. The co-location of operations in one of the world’s…
IFAD country office will be set up in Islamabad
Pak, IFAD ink agreement to further boost cooperation Foreign Minister Bilawal Bhutto Zardari and International Fund for Agricultural Development (IFAD) President Alvaro Lario signed a “Host Country Agreement” between Pakistan and IFAD. Under the agreement, the country office of IFAD will be set up in Islamabad. “The agreement will formalize the already existing substantial cooperation…
China-funded New Gwadar Int’l Airport to be inaugurated soon: Commercial Counselor
The China-funded New Gwadar International Airport, the flagship project under the China-Pakistan Economic Corridor (CPEC), is likely to be inaugurated soon, Commercial Counselor, Pakistan Embassy Beijing, Ghulam Qadir said. A high-powered Chinese delegation will fly to Pakistan to participate in the inauguration ceremony. Launched in 2019, the $230-million project fully funded by the Chinese government…