PM, Qatari Amir discuss mutually beneficial cooperation, economic opportunities
Prime Minister Muhammad Shehbaz Sharif and Amir of Qatar Sheikh Tamim bin Hamad Al Thani discussed a wide array of mutually beneficial issues and exchanged views to further strengthen the excellent cooperation between the two countries in diverse fields including in the economic and investment sectors. During a meeting, the prime minister appreciated Qatar’s consistent…
Adil Aziz
Moody’s downgrades five Pakistani banks; deposit rating outlook changed to stable
Moody’s Investors Service (“Moody’s”) has today downgraded to Caa3 from Caa1 the long-term deposit ratings of five Pakistani banks: Allied Bank Limited (ABL), Habib Bank Ltd. (HBL), MCB Bank Limited (MCB), National Bank of Pakistan (NBP) and United Bank Ltd. (UBL). Moody’s has also downgraded the five banks’ long-term foreign currency Counterparty Risk Ratings (CRRs)…
Open letter to Prime Minister for revival of mobiles manufacturing industry
Former State Minister and Chairman Board of Investment (BoI), Muhammad Azfar Ahsan has sought the government’s intervention to revive the mobile manufacturing industry on a war footing. The industry is threatened with a complete shutdown including the CPEC-based assembling unit, Transsion Tecno Electronics. According to a letter sent to Prime Minister of Pakistan Mian Muhammad…
Asim Azhar Takes Over Spotify’s Cricket Fever Playlist
Ever wondered what songs Asim Azhar enjoys while playing cricket? Well, you can find that out right now as Spotify celebrates Pakistan’s unprecedented love towards cricket with an Asim Azhar takeover of its Cricket Fever playlist that is being co-curated by the pop artist. With Sab Sitaray Humaray, the latest anthem at the top, Asim’s…
Agriculture investment symposium held to gather investors, farmers
The agriculture investment symposium was held here to bring together key stakeholders, including investors, policymakers, farmers, development partners, and researchers, to exchange ideas, knowledge, and experiences to drive investment in the agriculture sector. The symposium was attended by more than 300 participants and provided a platform for matchmaking and exploring opportunities for private investors and…
Karandaaz Pakistan signs data sharing agreement with TASDEEQ Credit Bureau
Karandaaz Pakistan signed a data sharing agreement with TASDEEQ, a private credit bureau operating in Pakistan. By joining hands with TASDEEQ, Karandaaz will be enhancing the data offered through its data portal (https://portal.karandaaz.com.pk/) to include enterprise credit information for more than 70 sub-sectors in Pakistan. The lending data will also be dis-aggregated by geography at…
PTCL works with Vodafone to introduce end to end IoT Solutions in Pakistan
Pakistan Telecommunication Company Limited (PTCL) and Vodafone have agreed to cooperate to bring Vodafone’s industry leading IoT products, services and solutions to the Pakistani market. PTCL and Vodafone will collaborate to develop and deliver a full suite of end-to-end IoT services aimed towards accelerating enterprise digital enablement and improving adoption of connected services in Pakistani…
VEON’s Mobilink Bank Becomes First Microfinance Bank Globally to Join the GSMA Connected Women Commitment Initiative
Mobilink Bank Signs GSMA Commitment to Address the Mobile Gender Gap VEON Ltd. (NASDAQ: VEON, Euronext Amsterdam: VEON), a global digital operator that provides converged connectivity and online services, today announces that Mobilink Microfinance Bank Ltd. (MMBL), its banking operation in Pakistan, has signed up to the GSMA’s Connected Women Commitment Initiative, becoming the first…
Thar Block-1 Integrated Coal Mine Power Project providing most cost-effective energy to millions of Pakistani households
The Thar Block-1 Integrated Coal Mine Power Project, an open-pit coal mine with an annual lignite output of 7.8 million tons and a total capacity of 1,320 megawatts, is providing the most cost-effective energy to millions of Pakistani households. Gul Hassan, a mining engineer with Sino Sindh Resources (Pvt.) Ltd. (SSRL) said in an interview…
Pakistan’s central bank raises key policy rate by 300 bps to highest level since 1996
The State Bank of Pakistan on Thursday raised the key policy rate by 300 bps to 20% as the country battles the highest inflation rate in nearly 50 years. Pakistan’s consumer price index (CPI) jumped 31.5% in February year-on-year, the statistics bureau said on Wednesday, the highest annual rate in nearly 50 years, as food,…