IMF staff-level talks conclude positively, discussion on MEFP from Monday: Dar
Federal Minister for Finance and Revenue, Senator Ishaq Dar on Friday said that after conclusion of staff-level talks on the Extended Fund Facility (EFF), Pakistan and the International Monetary Fund (IMF) would start a virtual discussion on the Memorandum of Economic and Financial Policies (MEFP) from Monday. “Good news is [that] as per their commitment,…
Adil Aziz
Social Champ Launches the Champ AI Suite, Streamlining Social Media Management with Advanced AI Technology
As the world gears up for technological disruption, social media is increasingly becoming vital for businesses and individuals to build their online presence and engage with their audience. With ChatGPT disrupting the internet and AI-Powered tools challenging modern-day technology, Social Champ, a leading MarTech platform hailing from Pakistan, is now proud to enhance its powerful…
Overseas Pakistanis invested Rs 12 billion towards community support activities in 2021-2022
The Overseas Pakistanis invested Rs 12 billion towards the community support activities during the year 2021-22, Overseas Investors Chamber of Commerce and Industry (OICCI), the collective voice of top foreign investors in Pakistan, revealed in its annual “Corporate Social Responsibly (CSR) Report 2022”. The CSR survey results once again reaffirmed OICCI members’ commitment in support…
Spotify Reveals Top Moods for 2023
2023 has begun with zeal and fervor, and with a month gone by, Spotify has revealed the top moods and listening trends for the year. Globally, confidence, motivation and productivity are the leading trends that are setting the tone this year. In sync, Pakistani listeners are leaning towards confidence, joy and motivation as their top…
PTCL Group, PUBG MOBILE announce partnership for collaborative gaming activities
Pakistan’s largest telecommunication group – PTCL & Ufone 4G announced partnership with PUBG MOBILE through their newly launched E-Sports gaming platform GameKey for a series of collaborative gaming activities throughout the year. A special ceremony was held in Islamabad to announce this partnership. Shahbaz Khan, Vice President Wireless Commercial PTCL & Ufone, and Khawar Naeem,…
Highest ever topline growth: FrieslandCampina Engro announces financial results for FY 2022
Friesland Campina Engro Pakistan Limited (FCEPL) announced its financial results for the year ended December 31, 2022. Building upon the growth trajectory, FCEPL delivered another record year with highest ever topline and operating profit of PKR 73.5 Billion and PKR 5.3 Billion respectively. The topline grew by 41% over last year driven by volume growth,…
Rupee gains Rs 2.82 against US dollar
The exchange rate of the Pakistani rupee strengthened by Rs 2.82 against the US dollar in the interbank trading on Thursday and closed at Rs 270.50 against the previous day’s closing of Rs 273.32. According to the Forex Association of Pakistan (FAP), the buying and selling rates of dollar in the open market were recorded…
Naya Pakistan Certificates rates of return revise by government
The government has revised up the rates of return for various currencies denominated Naya Pakistan Certificates over different maturities for the resident Pakistanis who have a foreign currency Roshan Digital Account (RDA). According to a notification issued by the Finance Division, the rate of return for US dollar-denominated Naya Pakistan Certificates (NPCs) with a maturity…
Financial inclusion in Pakistan up by 9% between 2020-2022
Financial inclusion in Pakistan has increased by 9 percentage points between 2020 and 2022, while a similar increase in financial inclusion was achieved over 7 years prior to the year 2020, said the Karandaaz Financial Inclusion Survey 2022 (K-FIS). Karandaaz Pakistan hosted a webinar to share key findings of, a nationally and provincially representative demand…
Islamabad United Partners with Ufone for PSL 8
Islamabad United, the most successful franchise in HBL PSL history and the winner of the first and third editions of the tournament, is happy to announce that Ufone 4G will be the official telecommunications partner for the franchise for PSL 8. Regarding the partnership, Islamabad United owner, Ali Naqvi said, “We are pleased to partner…