MMBL achieves 48% revenue growth despite challenging economic conditions
Mobilink Bank (MMBL) reported its financial results for Q1 2023, demonstrating strong business resilience in the face of challenging economic conditions. The Bank’s unaudited financial statements indicate a remarkable 48% increase in its revenue. Mobilink Bank’s strong emphasis on digital banking services enabled it to reach previously underserved communities and generate substantial revenue growth, with…
Adil Aziz
Flood damages: ADB to help Pakistan build climate–resilient infrastructure
The Asian Development Bank (ADB) has demonstrated a strong commitment to coming up with a comprehensive approach to help build the much-needed climate-resilient infrastructure for Pakistan which faced over $30 billion in losses after the devastating floods caused by heavy rains last year and fearing the same situation in the coming months. It will be…
ECC approves fixation of maximum retail prices of 4 new cardiac stents
The Economic Coordination Committee (ECC) of the Cabinet considered and approved a summary of the Ministry of National Health Services, Regulations and Coordination regarding fixation of Maximum Retail Prices of four (04) new Cardiac Stents recommended by National Price Fixation Committee for Life Saving medical devices. The ECC further approved two summaries of Ministry of…
D&B Pakistan, ABHI join hands for 3rd-party risk assessment
Dun and Bradstreet (DB) Pakistan, a leading provider of commercial data and analytic announced its partnership with ABHI (Pvt) Ltd a fast-growing fintech company that offers innovative financial solutions to businesses and their employees in Pakistan. ABHI offers a range of services such as Earned Wage Access, Invoice Factoring and Payroll Solutions to empower businesses…
ADB advises Pakistan to provide targeted subsidies, enhance tax-to-GDP ratio
The Asian Development Bank (ADB) has suggested Pakistan to provide targeted subsidies to mitigate inflationary pressure on people; bring about necessary structural reforms and enhance tax to GDP ratio to come out of existing uncertain economic situations and steer the economy towards a sustainable growth trajectory. In a joint interview with APP after the ADB’s…
Bank Alfalah marks breakthrough with Equity Investment and Embedded Finance Partnership with QistBazaar
Bank Alfalah, one of the largest commercial banks in Pakistan, has made a significant entry into the venture capital ecosystem as it has signed an agreement to acquire a 7.2% equity stake worth PKR 140 million in QistBazaar, a fast-growing, Securities and Exchange Commission of Pakistan (SECP) licensed Buy Now Pay Later (BNPL) non-bank financial…
US committed to provide business-friendly environment: Commerce dept. official
The United States is committed to provide a conducive environment to the Pakistani business community, a senior Commerce Department official. Aileen Crowe Nandi, Executive Director for Asia at the US Department of Commerce, was speaking at an event hosted by Pakistan’s Ambassador to the U.S., Masood Khan, for a group of 19 Pakistani business leaders…
Spotify and VELO Sound Station Season 2 have joined forces to amplify Pakistan’s latest beloved soundtracks
The highly anticipated second season of VELO Sound Station is set to launch, and it promises to be even more impressive than the first, thanks to the collaboration with Pakistan’s favourite music streaming service Spotify. This exciting music partnership will enable VELO Sound Station listeners to stream and enjoy the platform’s music anytime, anywhere. In…
Climate change likely to have severe impacts in CARE region, including Pakistan: ADB
Asian Development Bank’s Director General for Central and West Asia, Yevgeniy Zhukov said that climate change was expected to have severe impacts in the CAREC region which includes Central Asia, Mongolia, Pakistan, China, and the South Caucasus. Addressing a press conference while launching a study here at the sidelines of 56th ADB annual meeting, he…
Jubilee Life Insurance & Sehat Kahani partnership completed 100,000+ online OPD consultations
Mr. Javed Ahmed, MD and CEO, Jubilee Life Insurance cut a cake as the company celebrated 100,000+ online OPD consultations from general physicians and specialists for patients. This milestone was completed in partnership with Sehat Kahani. Mr. Farhan Akhtar Faridi, Group Head of Retail Operations, Marketing and Administration, Jubilee Life Insurance, Dr. Sara Saeed Khurram,…