ECC okays E-Bikes & Rickshaws loan facility under PMYB&ALS model
The Economic Coordination Committee (ECC) of the Cabinet approved Prime Minister’s Youth Business and Agriculture Loan Scheme (PMYB&ALS) model for E-Bikes and Rickshaws, under which the facility of Rs 0.5 million would be provided with zero per cent markup for a period of three years. “Under the scheme, clean loan up to Rs 0.5 million…
Adil AzizPakistan looks forward to IRC’s support over climate resilience, disaster management
Prime Minister Shehbaz Sharif said that Pakistan was looking forward to the continued support of the International Rescue Committee (IRC) in further promoting capacity building for climate resilience and disaster management. The prime minister, in a meeting with President and CEO of IRC David Miliband, who called on him here, also underscored the importance of the…
CDC engages industry stakeholders on new e-Voting-related amendments in Companies (Postal Ballot) Regulations, 2018 by SECP
The Securities and Exchange Commission of Pakistan (SECP) has recently made amendments to the Companies (Postal Ballot) Regulations, 2018 whereby the right to vote through an electronic voting facility must be provided to members of every listed company for all businesses classified as a special business under the Companies Act 2017. These amendments have especially…
Solar power generation excellent choice for Pakistan: Liu Yiyang
Solar power generation has made a huge contribution to the global fight against climate change, which is an excellent choice for a climate-vulnerable country like Pakistan, said Liu Yiyang, Deputy Secretary-General and Press Spokesperson of China Photovoltaic Industry Association (CPIA). Growing number of companies and organizations are catching the tide, showing an increase by leaps…
Pakistan’s debt burden driving widespread economic crisis: UN report
Pakistan is in the eye of the polycrisis, with its external debt almost doubling between 2015 and 2020 to become the main driver of more widespread economic problems in 2022, according to a new UN report, which also warns that developing countries face years of difficulty as the global economy slows down amid heightened financial…
MMBL and MateSol unite to improve MSMEs Cash flow through state-of-the-art Invoice Financing
Pakistan’s leading microfinance institution, Mobilink Microfinance Bank Ltd. (MMBL) and MateSol, a blockchain-based invoice verification platform with a global footprint, have signed a Memorandum of Understanding (MoU) to offer better access to invoice financing for Micro Small and Medium-sized Enterprises (SMEs). As per the partnership agreement, MMBL will utilize MateSol’s innovative blockchain-based invoice management system…
Cars’ sale decreases 50.30% in 9 months
The sale of cars during the first nine months of the current fiscal year 2022-23, has dropped by 50.30 per cent as compared to the same months of last year, the latest data released by the Pakistan Automobile Manufacturing Association (PAMA). As many as 85,776 cars were sold during July-March 2022-23 as opposed to 172,612…
SECP publishes Digital Lending Applications Whitelist
Pursuant to Google’s updated policy for digital lending apps from Pakistan, the Securities and Exchange Commission of Pakistan (SECP) has published Whitelist of Digital Lending Applications on its website. The Whitelist will serve as reference point for Google to validate regulator’s approved apps before listing them on Play Store with effect from May 31, 2023….
Andrew Dagleish commends measures of economic stability
Acting British High Commissioner to Pakistan Andrew Dagleish Wednesday commended the measures being undertaken by the incumbent government for economic stability and offered all possible help from the ‘British Government’ for the people of Pakistan in mitigating the Socio-economic crisis. The Acting British High Commissioner called on Minister for Finance and Revenue Senator Mohammad Ishaq…
Emirates to offer daily flights to Toronto from 20 April
Following the breakthrough expanded air transport agreement between the United Arab Emirates and Canada, Emirates is stepping up its frequency with two additional flights per week between Dubai and Toronto. From 20 April, daily flights will operate on the busy route to serve huge demand for passenger services. The move comes as bilateral relations between…