Clarifications: Monetary Policy Decisions
Over the past few weeks, certain sections of the media including op-eds have expressed concerns over the actions of the State Bank of Pakistan, particularly with regard to monetary policy decisions and the role of the Covid-related monetary accommodation in fueling the currently elevated inflation outturns. The SBP would like to address these concerns and…
Adil Aziz
PTA Slashes Mobile Termination Rates
Pakistan Telecom Authority (PTA) has reduced the Mobile Termination Rate (MTR) from Rs. 0.70 per minute to Rs. 0.50 per minute from 1st January 2022. Rates shall be further reduced to Rs. 0.40 per minute from 1st July, 2022. Reduction in the MTR has been made after thorough consultation with the telecom industry. PTA is…
Finance Adviser lunches Pakistan’s first PCM for capital market
As a landmark achievement in Pakistan’s capital market landscape, the first Professional Clearing Member (PCM) has been formally inaugurated by the Adviser to the PM on Finance & Revenue, Mr. Shaukat Tarin on Nov 26, 2021 at CDC House, Karachi. Speaking at the occasion, Mr. Shaukat Tarin said, “It is the top priority of our…
foodpanda celebrates successful launch of Pandafly at Dubai Expo
foodpanda, Pakistan’s leading food delivery company, and also the largest e-commerce platform, eagerly exhibited the Pandafly drone at the Pakistan Pavilion in Dubai Expo. The event is a testament to foodpanda’s commitment to grow and innovate through adoption of disruptive technology, as well as showcase the tremendous support and an enabling environment offered by the…
Pakistan Organized Single Country Exhibition in Lagos, Nigeria
The Single Country Exhibition under the Look Africa Policy of Ministry of Commerce was organized in Lagos, Nigeria from 24-25 November, 2021. The Expo was jointly inaugurated by Governor of Lagos State, Mr. Babajide Sanwo-Olu, along with Federal Minister for Trade and Industry of Nigeria and Mr. Abdul Razak Dawood, Advisor Commerce. More than 100…
Muslim Club Chaman downs Baloch Club Quetta to clinch Ufone 4G Balochistan Football Cup title
A formidable footballing side, Muslim Club Chaman registered an emphatic win over Baloch Club Quetta in the final match of Ufone 4G Balochistan Football Cup 2021 to lift the champions trophy. The sensational match was watched by thousands of football enthusiasts at Quetta’s iconic Ayub Stadium, besides thousands more who caught the action live through…
PSX Lists First GEM Board Company
In a watershed development at Pakistan Stock Exchange (PSX), Pak Agro Packaging Limited (PAPL) becomes the very first company to be listed on PSX’s Growth Enterprise Market (GEM) Board. The GEM Board is a listing platform created to facilitate growth enterprises whether small, medium or greenfield businesses for their capital raising needs. Adviser to the…
PM inaugurates Sohni Dharti Remittance Program – an initiative to promote remittances through formal channels
The Honourable Prime Minister of Pakistan, Mr. Imran Khan, inaugurated the Sohni Dharti Remittance Program (SDRP) offered jointly by the State Bank of Pakistan, Ministry of Finance and financial institutions today at the Prime Minister House in Islamabad. SDRP is an innovative program designed to incentivize Pakistani workers abroad to send remittances to Pakistan through…
realme Brings Yet Another Quality King – the realme C25Y for PKR 26,999/-
realme C25Y carries the baton of realme’s C-Series forward with its top-notch quality, premium value-for-money and a gamut of technological features for everyone. realme has enticed the mid-range segment once again, adding a stellar C-Series smartphone that offers great quality, value and a host of technological features that will surely be perfect for any pocket….
PAKISTAN-AFRICA TRADE DEVELOPMENT CONFERENCE AND SINGLE COUNTRY EXHIBITION 23-25th NOV 2021, LAGOS NIGERIA
The conference was very well attended by business men and officials from ECOWAS member states specially Nigeria. While addressing the conference, Mr. Abdul Razak Dawood declared that Africa was “a promising continent and land of opportunities”. He also called for closer economic ties with Africa to harness mutual benefits in trading activities with Pakistan. According…