CAP holds Grand Finale of National Finance Olympiad 2021
The Institute of Chartered Accountants of Pakistan (ICAP) in collaboration with Unilever Pakistan organized the Grand Finale of the annual mega finance competition, National Finance Olympiad 2021 to bring to limelight the finance talent of the country at a local hotel in Karachi. The National Finance Olympiad 2021 started with registrations of 39 teams represented…
Adil Aziz
World Bank approves $195 Million loan for Pakistan
ISLAMABAD: The World Bank’s Board of Executive Directors have approved $195 million in financing to support Pakistan in improving electricity distribution to increase service quality for consumers. The agreement of the financing between Pakistan and the WB was inked in Islamabad, the economic affairs division said. Secretary economic affairs division Mian Asad Hayauddin and WB’s…
3G/4G Users in Pakistan Reach 106.68 Million
The number of 3G and 4G users in Pakistan reached 106.68 million by the end of November 2021 as compared to 105.73 million by the end of October 2021, registering an increase of 0.95 million, according to the PTA data. The number of cellular subscribers in Pakistan increased by 0.8 million to 188 million by…
SECP Facilitates Investments by Overseas Pakistanis
The Securities and Exchange Commission of Pakistan (SECP) has abolished the requirement for banks to obtain separate license for distributing mutual funds and private pension funds to Roshan Digital Accounts (RDAs). This relaxation has been granted to facilitate overseas Pakistanis to invest in mutual funds and private pension funds managed by Asset Management Companies (AMCs),…
Meezan Bank becomes the First Bank in the Country to Launch State Bank of Pakistan’s I-SAAF Scheme for Small and Medium Enterprises (SMEs)
Meezan Bank, Pakistan’s first and largest Islamic bank, also became the first bank to launch the Islamic SME Asaan Finance Scheme (I-SAAF) for Small and Medium Enterprises (SMEs) under State Bank of Pakistan’s (SBP) SME Asaan Finance Scheme (SAAF). The launch ceremony was held at Multan Chamber of Commerce and was attended by Dr. Reza…
ABL and Pakistan Freelancers Association (PAFLA) have partnered to support, shape, and facilitate the freelancers’ community of Pakistan
Allied Bank (ABL) has always strived to be the industry leader in terms of technology and innovation. It is in this spirit that ABL and Pakistan Freelancers Association (PAFLA) have partnered to support, shape, and facilitate the freelancers’ community of Pakistan in line with the State Bank of Pakistan’s vision to promote financial inclusion in…
Mobile phone imports surge
Increase 42% month-on-month to $212 million in November KARACHI: Despite the efforts made by the government to promote locally produced mobile phones in Pakistan and curtail their imports, the inward shipments of handsets recorded a significant jump in November 2021. According to the Pakistan Bureau of Statistics (PBS), Pakistan imported mobile phones worth $212 million…
QisstPay Gets Pakistan’s First Non Banking Finance Company License
For the first time in the country’s bleak startup history, the Securities and Exchange Commission of Pakistan (SECP) has awarded a Non-Banking Finance License to the highly popular Buy Now Pay Later (BNPL) startup QisstPay According to the company’s co-founder and CEO, Jordan Olivas, this license is a huge first for the business. With it,…
Adamjee Life Assurance’s New Campaign Is all About ‘Ek Bharosaymand Saath’
Adamjee Life, backed by Nishat Group, one of the leading and most diversified business groups in South East Asia, ranks as the top business house of Pakistan and one of the fastest-growing insurance companies in Pakistan. Beyond its financial strength, credibility, and heritage in the insurance category, Adamjee Life’s winning edge lies in its strategy…
PAKISTAN, ADB sign agreement for US$1.54 Billion financing
ISLAMABAD: Pakistan on Wednesday signed six agreements with the Asian Development Bank (ADB) to obtain financing of US$1.54 billion The agreements were signed by the secretary of economic affairs division and country director of the ADB in the presence of Minister for Economic Affairs Omar Ayub Khan. Under the agreements, US$300 million would be provided…