SBP raises Banks’ Cash Reserve Requirement from 5 percent to 6 percent to contain monetary expansion and moderate domestic demand
SBP has decided to increase the average Cash Reserve Requirement (CRR), to be maintained during a period of two weeks by scheduled banks, from 5 percent to 6 percent and minimum CRR to be maintained each day from 3 percent to 4 percent. CRR is the amount of money that banks are required to keep…
Adil Aziz
COO of 500 Global appreciates Pakistani start-ups during their visit to NICL at LUMS
“Technological leapfrogging, be it through new venture creation or innovation of industry, is the only way to attain the kind of economic growth needed to satiate the influx of our youthful population,” Chairman NICL, Saleem Ahmad Pakistani technology start-ups took the spotlight as Courtney Powell, Chief Operating Officer and Managing Partner, 500 Global, a USD…
foodpanda launches pilot project for food delivery by ‘Pandafly’ drones
foodpanda, Pakistan’s leading food delivery company, and also the country’s leading e-commerce platform overall, today launched a pilot project to test food delivery through a customized drone. Conducted in association with the office of the Deputy Commissioner Islamabad, the test flight of the drone, named pandafly, took place in the F-9 Park Islamabad. A food…
Governor SBP meets with Governors of Saudi Central Bank and Bank Indonesia
Governor Sate Bank of Pakistan (SBP), Dr. Reza Baqir, met the Governors of Saudi Central Bank (SCB) and Bank Indonesia (BI) today on the side lines of the 15th Islamic Finance Services Board (IFSB) Summit 2021, hosted by the Saudi Central Bank, in Jeddah. In separate meetings with the two Governors, various topics of…
realme Retains its Top 01 Smartphone Brand Position at the 11.11 Salebration on Daraz
The realme x Daraz 11.11 Salebration was a humungous success as realme stayed atop the brand leader board with more than 7,000 units in product sales and a GMV worth USD 1.04 million The biggest realme sales of the season raked in big records for the brand as it sailed through to the top of…
500 Global Delegation meets with Chairman STZA to discuss Pakistan’s technology potential
A high-level delegation from global venture capital firm 500 Global visited the Special Technology Zones Authority (STZA) in Islamabad to meet with Chairman STZA Mr. Amer Hashmi and his team. The delegation from 500 Global included Chief Operating Officer and Managing Partner Courtney Powell, Board Member Max Scheder-Bieschin and Alysia Lopez, Executive Assistant to 500…
Ufone Football Cup gets major excitement boost as KP Edition kick starts simultaneously
The Ufone Football Cup has gotten a major excitement boost as the KP leg of the tournament also kick started on Monday. Over 2 thousand players in 144 teams are participating in the Balochistan and KP editions of the tournament, with each giving a respective title holder to contest in an exciting super final in…
realme Brings its Biggest Sale of up to 50% Discounts & Crazy Giveaways on 11.11 Exclusively on Daraz
The realme x Daraz11.11 Salebration will go live on Thursday, November 11, 2021 and feature massive discounts of up to 50% along with the biggest giveaways by realme including realme GT Master Edition, realme Narzo 50i and much more. The biggest realme sale full of discounts and giveaways is all set to go underway, exclusively…
Shoaib Malik, Muhammad Hafeez, Chris Gayle, Faf du Plessis, picked in Lanka Premier League 2021 ‘Player Draft’
The franchises of the Lanka Premier League confirmed the make-up of their squads in the Lanka Premier League 2021 ‘Player Draft’ on Tuesday. Each of the five franchises which include Colombo Stars, Dambulla Giants, Galle Gladiators, Jaffna Kings and Kandy Warriors have packed their teams with a host of explosive and international cricket stars. The…
Emirates Group announces half-year performance for 2021-22
The Emirates Group today announced its half-year results for its 2021-22 financial year. Group revenue was AED 24.7 billion (US$ 6.7 billion) for the first six months of 2021-22, up 81% from AED 13.7 billion (US$ 3.7 billion) during the same period last year. This strong revenue recovery was underpinned by the easing of travel…