PTCL Group Posts 3.2% Revenue Growth in Q1, 2022
Pakistan Telecommunication Company Limited (PTCL), the country’s leading telecom and ICT services provider, has announced its financial results for the quarter ended March 31, 2022, at its Board of Directors’ meeting held in Islamabad on April 13, 2022. During the first quarter of 2022, PTCL Group successfully managed to keep the topline growth momentum, which has further strengthened…
Adil Aziz
Bank Alfalah and Jubilee Life Insurance Partner to Offer Digital Insurance for Customers
Bank Alfalah, one of Pakistan’s leading financial institutions has joined hands with Jubilee general insurance, the country’s premier insurance solution provider to form a strategic alliance that will enable a digitized pathway for customers to avail insurance through AlfaMall. With customers rapidly moving towards digital platforms, this partnership will facilitate users and their ability to…
Banking Mohtasib Provides Relief of Rs 224.83 million to Banking Customers
The Banking Mohtasib Pakistan has provided monetary relief amounting to Rs 224.83 million to the banking customers by disposing of 6,563 complaints against commercial banks during the first quarter (January to March, 2022) of the current calendar year. The Banking Mohtasib has received 8,845 new complaints, including 4,614 from Prime Minister’s Portal from 1st January…
Shell Pakistan announces grand winners of two SUVs
Shell Pakistan announced the two grand winners of SUVs under its recent promotion for Shell Helix customers. The winners, Qurban Ali and Shafi ullah Sheikh were presented SUVs at a ceremony held at Shell House. Customers who treat their cars with 3 and 4 liter packs of Shell Helix HX-6, HX-7 and Helix ‘Ultra’ variants,…
Pakistan’s Political Volatility Adds to External Financing Risk: Fitch Report
The recent government change in Pakistan has been peaceful, but raises near-term policy uncertainty even as the country faces external and fiscal challenges from rising commodity prices and an increase in global risk aversion, says Fitch Ratings. The authorities’ policy agenda remains central to Pakistan’s ability to refinance its external debt over the medium term,…
PSX Eases Eligibility Requirements for Investors of GEM Board Companies
Pakistan Stock Exchange (PSX), with the approval of the Securities and Exchange Commission of Pakistan, has significantly eased the requirements for eligibility of accredited individual investors investing in companies on the GEM Board. As per the new definition, accredited investors include those individual investors who have assets of atleast Rs 5 million which include but…
PTA Introduces Mechanism to Curb Pornographic Content
To curb pornographic/indecent content as defined in Prevention of Electronic Crimes Act (PECA 2016) Section 37, Pakistan Telecommunication Authority (PTA) has implemented Central Domain Name System (C-DNS) policy enforcement mechanism to ensure the automated effective and seamless blocking of unlawful content in real-time. The Authority inaugurated the mechanism at PTA Headquarters, Islamabad. The C-DNS mechanism…
Meezan Bank leads Rs. 1 billion syndicated Islamic finance Facility for 7 MW solar power project
Meezan Bank, Pakistan’s leading Islamic bank and Burj Solar Energy Private Limited (BSEPL) has announced the financial close of Rs. 1 billion syndicated Islamic finance facility for BSEPL’s portfolio of renewable distributed power generation in Pakistan. The first tranche of Rs. 580 million will be used to finance the construction of 7 MW solar power…
realme Leaps Ahead with the First-in-Segment Sony IMX766 OIS Sensor on realme 9 Pro+
realme is ready to shake up the mid-range smartphone segment yet again with its premium level camera specs and features Back with another exciting entry into the number series of smartphones, realme continues to thrive in its mission to make high-end technology more accessible to the masses. The realme 9 Pro+ is primed to hit…
Babar Azam becomes first player to win ICC Player of the Month award twice
Pakistan skipper Babar Azam has become the first player to win the International Cricket Council (ICC) Men’s Player of the Month award on two occasions, the ICC announced on Monday. The 27-year-old Babar was previously crowned in April 2021. He scoops the latest Men’s award following a number of thrilling batting displays in Pakistan’s multi-format…