President KCCI for complete ban on imported recycled plastic
President Karachi Chamber of Commerce & Industry Mohammed Tariq Yousuf has advised the government to put the import of recycled plastic under any description in the negative list or place complete ban on this item as massive volume of smuggled Plastics from neighboring country and mis-declaration in terms of value and quantity have caused major…
Adil Aziz
TPL Insurance Limited – Window Takaful Operation, and HBL Islamic Partner to Offer Seamless Takaful Coverage for Car Finance Customers
TPL Insurance – WTO, a leader in premium insurance and Takaful services, is excited to announce a strategic collaboration with HBL Islamic Banking. This partnership is set to redefine Takaful coverage for HBL Islamic Car Finance clients, delivering top-tier Auto Takaful solutions to the Pakistani market. A key feature of TPL Insurance – WTO’s Takaful…
OpenAI’s ChatGPT will ‘see, hear and speak
OPENAI’S ChatGPT is getting a major update that will enable the viral chatbot to have voice conversations with users and interact using images, moving it closer to popular artificial intelligence (AI) assistants like Apple’s Siri. The voice feature “opens doors to many creative and accessibility-focused applications”, OpenAI said in a blog post. Similar AI services such…
Daraz, Meezan Bank partner to drive electric bike
Meezan Bank, Pakistan’s leading Islamic bank, and Daraz, Pakistan’s largest e-commerce platform join hands to support and encourage the use of electric bikes in Pakistan. Both parties have signed a Memorandum of Understanding (MoU) in this regard and through this partnership, Meezan Bank will provide Shariah-compliant financing for electric bikes to Daraz delivery staff, riders…
SECP imposes pricing caps on digital personal loans
The Securities and Exchange Commission of Pakistan imposed pricing caps on digital personal loans by mobile applications. In a significant move towards promoting responsible lending and consumer safety, the Securities and Exchange Commission of Pakistan issued an all-encompassing set of requirements for Non-Banking Financial Companies (NBFCs) offering digital personal loans via mobile applications, said a…
UK investors show keen interest in Pakistan’s capital market
The investors of the United Kingdom’s capital and financial market in a meeting with Caretaker Prime Minister Anwaar-ul-Haq Kakar expressed their keen interest in exploring investment opportunities in Pakistan. The leaders of the notable investment firms who met the prime minister in London included Fidelity International Limited (FIL), Wellington Management, Ashmore, Jefferies International, Redwheel Capital,…
SECP warns public against investing in ISMMART Group
The Securities and Exchange Commission of Pakistan (SECP) has issued a warning advising the general public against investing in fraudulent investment schemes of ISMMART Group. The SECP has noticed that an entity, namely “Ismmart Group”, owned by Shaukat Ullah Khan, is prima facie raising deposits from the public by promising them unrealistic monthly returns. It…
OGRA for avoiding speculation on POL prices
Oil and Gas Regulatory Authority underlined the need for avoiding speculations regarding the prices of petroleum products (POL) as these were primarily dependent on international market trends and the Rupee-dollar exchange rates. “Petroleum product prices in our country are primarily dependent on international market prices and the exchange rate of the Dollar. In recent times,…
ABHI & Pakistan Cables partner to provide Earned Wage Access to employees
ABHI, an embedded finance company announced a partnership with Pakistan Cables Limited, the leading cable manufacturer in Pakistan. This collaboration aims to provide AbhiSalary – Earned Wage Access to the employees of Pakistan Cables Limited, thereby promoting financial wellness. Through AbhiSalary – Earned Wage Access, employees can fulfill their financial commitments by accessing their hard-earned…
Govt creating level playing field for businesses: Finance Minister
Federal Minister for Finance, Revenue and Economic Affairs, Dr. Shamshad Akhtar expressed commitment to creating a level playing field for businesses and promoting healthy competition across all sectors of economy. She was talking to Chairman Competition Commission of Pakistan (CCP), Dr Kabir Ahmed Sidhu, who called on the federal minister here, finance ministry posted on…