Workers’ remittances down 12.84 in July-May FY 23
The overseas workers’ remittances posted a decline of 12.84 percent during first eleven months of fiscal year 2022-23 as the remittances fell from $28.489 billion in July-May of FY22 to $24.831 billion in the period under review. On a year-on-year basis, the overseas workers’ remittances recorded an inflow of US$ 2.102 billion in May 2023,…
Adil Aziz
SECP approves Pakistan’s first P2P Lending Platform
Continuing with its commitment to facilitate innovation while prioritizing the protection of investors and consumers, the Securities and Exchange Commission of Pakistan (SECP) has approved the first Peer-to-Peer (P2P) Lending Service Provider in the country. The emergence of “Finja Invest” as Pakistan’s inaugural P2P service provider platform signifies a noteworthy achievement towards embracing digital transformation…
Mobilink Bank and Vision-Building Future Collaborate to Address Financial Disparities
As part of its ongoing mission to advance financial inclusion across the board, Mobilink Bank has signed a Memorandum of Understanding (MoU) with Vision-Building Future (VBF) to address existing disparities in the financial sphere through a range of targeted initiatives. Under its flagship program, Women Inspirational Network (WIN), Mobilink Bank is geared towards expanding its…
Ufone 4G brings unbeatable Data roaming offer
Pakistani Telecom Company, Ufone 4G has introduced an unbeatable and best value Data Roaming Offer for its prepaid customers, embarking on the Holy pilgrimage to Saudi Arabia. This exclusive bundle will provide its users with unlimited access to WhatsApp calls for unrestricted communication with friends and family back home. This rewarding bundle comes with a…
Karandaaz, Vizpro join hands to digitization of retailer to distributor payments
Karandaaz a prominent organization at the forefront of promoting financial inclusion and driving digital transformation in Pakistan has announced its strategic partnership with Vizpro, a leading player in the digital payments ecosystem for facilitating digital payments This collaboration aims to tackle a critical challenge faced by distributors and retailers across the country, which is the…
Sherry Rehman urges new financial regimes for Climate funding
Federal Minister for Climate Change and Environmental Coordination, Senator Sherry Rehman urged for new financial regimes for Climate funding. “A fair amount of thought leadership and retooling is needed, both for markets and public institutions to change their instruments to meet quantum growing needs, as navigating a forest of barriers has become normalized for accessing a…
Amin urges telecom companies to ensure uninterrupted connectivity during anticipated storm
Federal Minister of Information Technology, Syed Amin-ul-Haque, has called upon telecommunication companies to take immediate action to secure towers and optical fiber cables in order to maintain uninterrupted power supply and internet connectivity during an upcoming storm. With the Meteorology Department warning of potential disruptions to the power and internet systems, Amin-ul-Haque’s instructions aim to…
Pakistan PM says first discounted Russian crude oil cargo arrives in Karachi
PAKISTAN’S Prime Minister Shehbaz Sharif on Sunday (Jun 11) said the first cargo of discounted Russian crude oil arranged under a new deal struck between Islamabad and Moscow had arrived in Karachi. “Glad to announce that the first Russian discounted crude oil cargo has arrived in Karachi and will begin oil discharge tomorrow,” Sharif tweeted….
Special focus given to agri-sector, credit limit enhanced to Rs 2,250 Billion
Federal Minister for Finance and Revenue Senator Muhammad Ishaq Dar said that special focus was given to agriculture sector in Federal Budget 2023-24 and credit limits were enhanced from Rs 1,800 billion to Rs 2,250 billion. Addressing the post budget press conference, he said that State Bank of Pakistan would monitor the credit disbursement for…
3.5% GDP growth target “realistic & easily achievable”, Ishaq Dar
Minister for Finance and Revenue Senator Mohammad Ishaq Dar on Saturday (June 10) expressed confidence that the federal government would easily achieve the 3.5 per cent growth target of Gross Domestic Product (GDP) set for the upcoming fiscal year with effective and transparent utilization of massive development funds it allocated for the Public Sector Development…