Rs1,949.72 million released for 13 petroleum sector projects in 10 months
The government has released funds amounting to Rs1,949.72 million to execute seven ongoing and six new petroleum-related projects during the first 10 months of the current fiscal year under the Public Sector Development Programme (PSDP 2021-22) against a total allocation of Rs3,249.54 million. Out of the total disbursement of Rs1,949.72 million, around Rs586.54 million have…
Adil Aziz
Pak, IMF kick off 7th review on EFF programme
Federal Minister for Finance and Revenue, Miftah Ismail held a virtual meeting with International Monetary Fund (IMF) Mission Chief on Wednesday, kicking off the 7th review on Extended Fund Facility (EFF) of the fund. According to press statement issued by the finance ministry, the meeting was attended by Minister of State for Finance and Revenue,…
SBP and IFC join hands to promote Agriculture Finance through Warehouse Receipts
Deputy Governor State Bank of Pakistan (SBP) Ms. Sima Kamil while addressing a two-day specialized training workshop on Electronic Warehouse Receipt Financing (EWRF) for banks observed that the subject training program will be instrumental to support SBP’s recent initiative to promote EWRF in the country and banks will be able to get hands on knowledge…
CCP conducts search & Inspection of two undertakings
As part of an investigation into the prima facie violations of Section 4 of the Competition Act, 2010, the Competition Commission of Pakistan (CCP) today carried out search and inspection of the offices of two undertakings that are suspected of fixing and circulating freight charges among its members at the country’s two leading seaports. The…
State Bank issues Advisory against Illegal offshore Foreign Exchange Trading Websites, Mobile Applications and Platforms
State Bank of Pakistan (SBP) has noticed that an increasing number of offshore foreign exchange trading websites, mobile applications and platforms such as OctaFX, Easy Forex, etc. are offering their products and services to residents of Pakistan. These digital platforms lure people through social media advertisements to buy/invest in their products or services. Examples of…
PTA, NHMP sign MoU for collaboration on areas of mutual interest
Pakistan Telecommunication Authority (PTA) and National Highways and Motorway Police (NHMP) here on Thursday signed a Memorandum of Understanding (MoU) for collaboration on areas of mutual interest. PTA AND @NHMPOFFICIAL JOINTLY SIGNED A MEMORANDUM OF UNDERSTANDING (MOU) AT PTA HEADQUARTERS ISLAMABAD, TODAY. PIC.TWITTER.COM/CXZA0BBKTB “The cooperation and collaboration between the two organizations in areas of mutual…
Fly Emirates to Dubai and avail a complimentary stay
Passengers travelling to Dubai with Emirates can now enjoy a 1 night complimentary stay when flying in Economy Class & 2 nights complimentary stay when flying Business or First class. Not only this, passengers can also avail additional 10kg baggage allowance on their flights to and from Dubai, without any further costs. This offer is…
Zameen.Com Signs MoU with the Institute of Financial Markets of Pakistan
Zameen.com, Pakistan’s leading real estate enterprise, signed an MOU with the Institute of Financial Markets of Pakistan (IFMP) in a ceremony held at Zameen’s Karachi office. As per the MOU, Zameen’s training and development venture ‘Zameen Academy’ will include modules related to Real Estate Investment Trusts, Anti Money Laundering, and other financial topics. The purpose…
Kuda Technologies poised to drive financial inclusion in Pakistan
A UK-based financial services company ‘Kuda Technologies’ in partnership with Fatima Group and The City Schools Group has applied for a digital banking licence in Pakistan with the goal of driving financial inclusion in the country. Founded in 2019 and with over $90 million of funding from renowned institutional investors including Valar Ventures and Target…
BOI provides all possible facilities to investors: Minister BOI
Federal Minister for Board of Investment Ch. Salik Hussain on Thursday said that BOI would provide all possible facilities to foreign and local investors as it has been providing facilities to investors in the past. The Minister and Secretary briefed the participants about BOI’s role in facilitating and attracting local and foreign investment in the…