ADB approves $300 milion loan to develop Pakistan’s capital markets
The Asian Development Bank (ADB) Tuesday approved a $300 million loan to further develop Pakistan’s capital markets, promote private investment in the country, and help to mobilize domestic resources to finance sustainable growth. The second subprogram of ADB’s Third Capital Market Development Program builds on institutional and regulatory reforms put in place under the first…
Adil Aziz
realme’s New Budget-Friendly realme 9i with Premium Specs is Setting the Market Ablaze
The mid-range smartphone is packed with attractive features without being a strain on your finances Since its launch in Pakistan, the realme 9i has really shaken up the smartphone market. The mid-range smartphone is popular with users who value performance at an economical price. realme has held activities and giveaways around the country to allow…
foodpanda partners with Extreme Commerce to promote vendor acquisition
Enhancing the e-commerce avenues, foodpanda, Pakistan’s leading delivery app has partnered with Extreme Commerce to promote vendor acquisition where people can go and learn how to become a successful HomeChef with foodpanda. A signing ceremony took place at foodpanda headquarters in Karachi to kick-off this partnership. Ahsan Malik, Head of HomeChefs – foodpanda, and Kashif…
IsDB Group approves $14.5 Billion for projects in Pakistan
The Islamic Development Bank (IsDB) Group has approved total financing of about US$ 14.5 billion for 412 projects in Pakistan out of which 372 are completed and 40 are active ongoing projects. Out of the total, IsDB financed $ 2.7 billion, while $ 274.9 million have been approved by IsDB Group’s private sector development arm,…
Pakistan and Islamic Development Bank sign $180 million pacts to finance Mohmand Dam
Pakistan and Islamic Development Bank (IsDB) Monday signed three Framework Agreements amounting to US$ 180 million to provide financing for the Mohmand Dam Hydropower Project (MDHP). The financing agreements were signed by Secretary Economic Affairs Division Mian Asad Hayaud Din and Special Adviser to the President, IsDB Mohammad Jamal AlSatti. The signing ceremony was witnessed…
Hyundai Elantra 1.6L is Launching Next Month
Hyundai Nishat Motors is reportedly launching the Hyundai Elantra 1.6L variant next month to compete with the likes of Toyota Corolla and Honda Civic as well as the top-of-the-line variants of Toyota Yaris and Honda City. It bears mentioning that Hyundai Nishat Motors launched the Hyundai Elantra with a 2.0L engine capacity, which was much…
Passenger plane with 132 people onboard crashes in China
A China Eastern Airlines aircraft with 132 people aboard has crashed in China’s Guangxi Zhuang Autonomous Region on Monday afternoon. According to local media reports, the crashed aircraft is a Boeing 737 coming from Kunming Changshui International Airport to Guangzhou Baiyun International Airport. The accident caused a mountain fire, and casualties are still unknown. The…
NdcTech positioned as a major contender in Everest Group’s Temenos IT Services PEAK Matrix® Assessment 2022
Leading global research firm, Everest Group®, has recognized NdcTech, an award-winning partner of Temenos, as a major contender in its Temenos IT Services PEAK Matrix® Assessment 2022. NdcTech is a leading service provider in the banking sector and has been a long-standing partner of Temenos for more than 20 years. The PEAK Matrix® evaluates service…
GDP growth to exceed 5% mark in FY22: Tarin
Owing to robust growth of the country’s large scale manufacturing, agriculture and exports, Minister for Finance and Revenue Shaukat Tarin Sunday expressed the hope that the Gross Domestic Product (GDP) growth would exceed 5% mark against the set target of 4.8% for the fiscal year 2021-22. “The welcome news is that the LSM has grown…
KATI expresses concern over instability in domestic politics
Korangi Association of Trade and Industry (KATI) President Salman Aslam while expressing concern over instability in Pakistan’s politics said that instability is pushing the country backward economically. As a result, the country’s overall production capacity and export targets seem to be difficult to meet, while the uncertainty is exacerbating the economic situation. Salman Aslam said…