SBP imposes penalty of Rs523 million on banks in H1 FY22
The State Bank of Pakistan (SBP) has imposed Rs523 million as monetary penalty on commercial banks for violating regulatory provisions during the first half of fiscal year 2021/22, a statement said. The Central Bank said that it had imposed Rs58 million as penalty on five banks for the quarter ended December 31, 2021. The SBP…
Adil Aziz
Pakistan, WB discuss progress on projects
Finance Minister, Shaukat Tarin appreciated the World Bank for being a source of support in pursuing reform agenda and implementing various development projects for the country Federal Minister for Finance and Revenue, Shaukat Tarin held a meeting with Country Director, World Bank, Najy Benhassine and his team at Finance Division here on Tuesday. The meeting…
OICCI to hold ‘Pakistan Climate Conference 2022’ to support positive climate actions in Pakistan: OICCI
President of OICCI Ghias Khan Tuesday said that the Overseas Investors Chamber of Commerce and Industry (OICCI), the collective voice of top foreign investors in Pakistan would organize the ‘Pakistan Climate Conference 2022’ on March 16. While announcing the date and unveiling the logo of the Conference, Ghias Khan, said, “The Pakistan Climate Conference will…
Services’ exports increase by 20.24 percent in 1st half
The exports of services during July-December (2021-22) were recorded at $3414.96 million against the exports of $2840.15 million during July-December (2020-21), showing growth of 20.24 percent The exports of services from the country witnessed an increase of 20.24 percent during the first half of the current financial year (2021-22) as compared to the corresponding period…
Ufone 4G offers an industry first unlimited free internet
Pakistani telecom company, Ufone 4G is offering unlimited free internet every day to help customers experience its superior data quality and blazing speeds. ‘Muft Mornings’ brings Ufone 4G users unlimited data from 9AM to 12 noon every day as a limited time promo without any underlying charges. Ufone 4G acquired 4G spectrum recently to fulfill…
STZA and ZBRA sign LOI to promote scientific and technological knowledge ecosystem
Zhongguancun Belt And Road Industrial Promotion Association of the People’s Republic Of China (ZBRA) and Special Technology Zones Authority (STZA) have signed a Letter to Intent (LOI) at a virtual ceremony to promote high-quality science and technological exchanges between China and Pakistan. The LOI was signed by Mr. Zhang Xiaodong, the President ZBRA, and Mr….
LUMS Vice Chancellor named International Educator of the Year
The Academy of International Business (AIB), the premier global organization of international business and management scholars, has named LUMS Vice Chancellor, Dr. Arshad Ahmad, the AIB International Educator of the Year for 2022. Established in 1959, AIB’s membership spans more than 70 countries worldwide. AIB fosters excellence in education by advancing the highest professional standards…
realme Gives a Sneak Peek into realme 9 Pro+ Camera Capabilities
realme conducted a first-of-its-kind Camera Lab experiment where realme 9 Pro+ was pitted against leading industry competitors and users could take low-light photos remotely under different scenarios on the link: https://event.realme.com/global/cameralab realme is gearing up for the global release of its realme 9 Series that builds up on its immensely popular number series. To tease…
MMBL’s celebration of a milestone year under Women Inspirational Network (WIN) commended by SBP
Women make up almost half of Pakistan’s total population, but their contribution to measured economic activity is far below its potential due to limited access to quality and affordable financial services. Women’s financial inclusion has emerged as a priority for Pakistan’s largest digital bank, Mobilink Microfinance Bank Limited (MMBL). Addressing the urgency to ensure equal…
PM Imran Khan’s visit to China very successful, fruitful: Chinese scholar
Prime Minister Imran Khan’s four-day visit to China is very successful and fruitful during which he held wide-ranging talks with Chinese leadership on bilateral relations and matters of regional and global concerns. This was stated by Cheng Xizhong, Visiting Professor of Southwest University of Political Science and Law and Senior Fellow of the Charhar Institute…