Carrefour and Bank Alfalah introduce new ‘Buy Now, Pay Later’ service
Carrefour brings ease for its customers with the opportunity to shop now and pay later Innovative solution reflects the rising demand for payment flexibility Carrefour, owned and operated by Majid Al Futtaim in Pakistan, has signed a Memorandum of Understanding (MoU) with Bank Alfalah to launch its first ‘Buy Now, Pay Later’ initiative. This first-of-its-kind…
Adil Aziz
Winder Dam to be completed in 2025
The Winder Dam project of 3 megawatts (MW) capacity, which is situated across the Winder River that would store 54,000 acre-feet of water, would be completed in 2025. “The dam is located at a distance of 125 Kilometer from Karachi, 66 Kilometer from Uthal and 25 Kilometer from Winder Town in Lasbela District of Baluchistan,”….
Finance ministry contests rating action by Moody’s
The Finance Ministry strongly contested the Moody’s rating action, which it said was carried out unilaterally without prior consultations and meetings with its teams and State Bank of Pakistan. Moody’s has released the revised rating for Pakistan in which it has downgraded the sovereign credit rating from B3 to Caa1. “The rating action by Moody’s is…
Third Indonesian flight carrying medical team, humanitarian aid lands in Karachi
The third Indonesia flight carrying humanitarian aid relief and medicines weighing 32 tons, along with a medical team, arrived in Karachi. The aid was sent on the directives of President of Indonesia Joko Widodo to provide humanitarian assistance for the flood-affected Pakistani brothers, said a press release issued by the Indonesian Embassy in Islamabad. Earlier,…
US delivers additional 8 Million Pfizer COVID-19 pediatric vaccine doses
The United States government, through the US Agency for International Development (USAID) and in partnership with the Government of Pakistan, has delivered an additional batch of 8 million Pfizer COVID-19 pediatric vaccine doses to Pakistan. This shipment increased the United States’ donation to more than 78 million safe and effective COVID-19 vaccine doses to the…
Bank of the Future Forum will bring together influencers & key decision makers from Pakistan’s banking sector
NdcTech, a leading IT & consulting firm providing transformational services for the banking sector globally and Temenos, the world’s leading banking software company are pleased to co-host the 11th edition of Bank of The Future Forum. It is one of the largest financial conferences in the world, happening on 12th October 2022 at a local…
SC suspends BHC verdict in Reko Diq corruption case
The Supreme Court on Thursday suspended the Balochistan High Court’s (BHC) order and also dismissed bails granted to the accused. A three-member SC bench comprising Chief Justice Umar Ata Bandial, Justice Ijaz Ul Ahsan and Justice Syed Mansoor Ali Shah heard the case against the BHC’s verdict of awarding bails to the accused. During the…
Bilal Saeed’s latest track “The Umbrella Song” bags a release date
Renowned Pakistani singer-songwriter, music producer and composer Bilal Saeed is all set to enthrall his fans with latest track “The Umbrella Song”, releasing on 11th October. The “Adhi Adhi Raat” crooner, turned to his social media handle, treated fans with the official poster of ‘One Two Records’ most-awaited song and penned “The Umbrella song is…
FDI increases by 88pc in August
The Foreign Direct Investment (FDI) into the country increased by 87.94 percent on month-on-month basis during August 2022 against the inflows of July 2022. The FDI inflows were recorded at $ 110.7 million in August 2022 as against an inflow of $ 58.9 million in July 2022, says ‘Economic Update and Outlook for September 2022’….
World Bank to provide $5 million for rehabilitation of flood affected schools
A World Bank 5-member delegation headed by Task Team Leader for Education Shahram Paksima in a meeting with Sindh Education Minister Syed Sardar Shah here on Wednesday agreed to provide $5 million under “Global Partnership for Education” for rehabilitation of schools affected by flood in the province. The final selection of schools for necessary rehabilitation…