Finnfund set to expand Pakistan’s Insurance Industry through a stake in TPL Insurance Limited
Finnfund, a major development financier and impact investor in Finland, investing in responsible and profitable businesses in developing countries, has invested by acquiring 17.59% shareholding in TPL Insurance Limited. The acquisition follows TPL Insurance Limited’s earlier disclosure, dated April 15, 2022, to the Pakistan Stock Exchange concerning the execution of the Share Subscription Agreement and…
Adil Aziz
Carrefour Makes Going Back To School Fun for the Whole Family
Convenient one-stop solution to shop for the new school term Multiple in-store activities to keep the little ones entertained including musical chairs and singing competitions Carrefour, owned and operated by Majid al Futtaim in Pakistan, has introduced exciting ‘Back to School’ offers and entertainment throughout July to delight families as they prepare for the start…
ABHI, Unveel.io to offer Earned Wage Access to Ride-hailing & Delivery Drivers in Pakistan and UAE
ABHI, a Pakistan-based fintech and Unveel.io, a UAE-based API-Widget are combining their expertise to offer the facility of Earned Wage Access to ride-hailing and delivery drivers in Pakistan and UAE for the first time. As the world economy struggles to get back on the rails, this comes as a ray of hope for workers. Hundreds…
PTCL Group Posts 5.7% Revenue Growth in the Half Year 2022
Pakistan Telecommunication Company Limited (PTCL), the country’s leading telecom and ICT services provider, has announced its financial results for the quarter ended June 30, 2022, at its Board of Directors’ meeting held in Islamabad on July 18, 2022. During the first six months of 2022, PTCL Group successfully managed to keep the top line growth…
Workers’ remittances rise to a record-high in FY22
The overseas Pakistani workers’ remittances grew by 6.1 percent in fiscal year (Jul-Jun) 2021-22 to US$31.2 billion against the inflows of $29.45 billion in same period of the preceding year. On year-on-year basis, the remittances increased by 1.7% from $2.71 billion in June 2021 to $2.76 billion in same period of the fiscal year 2021-22….
Emirates statement on operations at London Heathrow
Emirates values our partnerships with airport stakeholders across our network with whom we engage continuously, and collaboratively, to secure our flight operations and ensure minimal customer disruption, particularly over the peak travel months. It is therefore highly regrettable that LHR last evening gave us 36 hours to comply with capacity cuts, of a figure that…
Jugnu Mohsin debuts her acting talent
with a purpose-led short film titled “Khaki Desan” Jugnu Mohsin, a renowned public figure and mother of popular vocalist Ali Sethi, has recently debuted her acting talents through a purpose led short film called Khaki Desan. Full version of this short film was recently launched on the occasion of Eid ul-Azha across all social media…
On World Emoji Day, Meta shares trends for Pakistan’s favorite Emojis
This World Emoji Day, Mark Zukerberg announced that WhatsApp now allows users to react to messages and group chats with a full range of fun emoticons and skin tone selector within conversations. Earlier users could only use six emojis to react to messages and group chats, which has now been changed to the full Emoji…
Agreement reached with IMF, Pakistan to receive $1.17 billion soon: Miftah
Pakistan and the International Monetary Fund (IMF) have reached an agreement on policies to complete the combined seventh and eighth reviews of Extended Fund Facility (EFF). Under the agreement, Pakistan would receive $1.17 billion soon, tweeted Federal Minister for Finance and Revenue, Miftah Ismail here on Thursday. The minister thanked prime minister, fellow ministers, secretaries and especially…
U Microfinance Bank Enters into Strategic Partnership with TPL Corp Limited
President & CEO U Microfinance Bank Limited (U Bank) Mr. Kabeer Naqvi and Mr. Ali Jameel, CEO, TPL Corp Limited, signed a Memorandum of Understanding (MOU) of a strategic partnership to promote a synergic partnership between the two organizations. This strategic partnership will create a platform for strengthening the capability of organizations to provide a…