Monetary Policy Statement
At its last meeting on 8th March 2022, the Monetary Policy Committee (MPC) noted in its statement the significant uncertainty around the outlook for international commodity prices and global financial conditions, which had been exacerbated by the Russia-Ukraine conflict. Given the unfolding situation, the MPC had highlighted that it “was prepared to meet earlier than…
Adil Aziz
Indicators show economy performing well despite challenges
Economic experts believe that political stability was imperative to continue the trend As demonstrated by various indicators, the county’s economy has been performing well so far despite global economic shocks caused due to Covid-19 pandemic and disruption in supply chain, hence necessitating the need for stability at political front to continue the trend. The economic…
OICCI members spend Rs14.5 bn on CSR in 2020-21
The members of Overseas Investors Chamber of Commerce and Industry (OICCI) once again reaffirmed their commitment to uplift Pakistani society from all aspects and invested Rs 14.5 billion in different CSR and sustainable projects during 2020-21. The OICCI statement issued here on Thursday said about 100 of the leading foreign investors and members of OICCI…
Spotify celebrates the spirit of Ramadan with a special EQUAL Pakistan edition and a Ramadan Destination
Mehak Ali, welcomes Ramadan with “Saleh Ala Nabi Yena” and becomes EQUAL Pakistan Ambassador of the Month As the Muslim community in Pakistan and around the world embraces Ramadan – a time for reflection, giving and togetherness – Spotify celebrates the essence of the Holy Month through audio and announces its Ramadan edition of EQUAL,…
U Bank Partners with NBP to Promote Financial Inclusion in Pakistan
U Bank has joined hands with the National Bank of Pakistan (NBP) for the promotion of financial inclusion in the country. Kabeer Naqvi, President and CEO, U Microfinance Bank Limited (U Bank), and President and CEO, National Bank of Pakistan (NBP), Arif Usmani signed an MOU of strategic partnership between the two organizations. This collaboration…
State Bank of Pakistan Receives Overwhelming Response for Digital Bank Licenses
State Bank of Pakistan (SBP) has concluded the process of receiving applications for digital banks licenses as per its announced deadline of March 31, 2022. The application process registered an overwhelming response whereby SBP received twenty (20) applications from a diverse range of applicants, including domestic commercial banks, microfinance banks, electronic money institutions and FinTech…
ADB, LDC sign $100 million loan to support smallholder farmer livelihoods, climate resilience
The Asian Development Bank (ADB) and Louis Dreyfus Company B.V. (LDC) Thursday signed a loan of up to $100 million to help smallholder farmers recover from the economic challenges caused by the coronavirus disease (COVID-19) pandemic and improve their resilience to climate change impacts. The loan will support LDC’s operations in India, Indonesia, Pakistan, Thailand,…
Ufone 4G gives Unlimited Calls & Data with new Post Pay Prime
Pakistani telecom operator, Ufone 4G in line with its commitment to enhancing the user experience of its valued consumers has introduced a unique post-paid product ‘Ufone Post Pay Prime’. Owing to the growing demand for uninterrupted and seamless communication especially in terms of calls and data, including video streaming, calling, conferencing, messaging, socializing, and glitch-free…
Pakistan’s economic growth to moderate to 4% in FY22: ADB
After a strong economic rebound in fiscal year (FY) 2021, Pakistan’s economic growth is expected to moderate to 4% in FY2022 due to tighter fiscal and monetary policies before picking up again in FY2023, the Asian Development Bank (ADB) said in a report on Wednesday. According to the Asian Development Outlook (ADO) 2022, ADB’s annual…
realme 9 Pro+ Takes Massive Tech Leaps in its Price Segment
The Upcoming Entry in the realme 9 Series Brings Exciting Features to Make Tech Enthusiasts Go Wild realme has an ever-expanding legacy of technological advancement, fighting for the popularization of 5G products around the world, as well as introducing technical innovation into its products to pass on value to the customers. The highly-anticipated, upcoming entrant…