Finance Minister meets PepsiCo’s CEO for Africa
Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb held a meeting with PepsiCo’s Chief Executive Officer (CEO) for Africa, Middle East (ME) and South Asia (SA) Eugene Willemsen to discuss Pakistan’s economic progress and potential collaboration opportunities.
Editor
Pakistan’s remittances hit $3 billion
Inflow of overseas workers’ remittances clocked in at nearly $3 billion in July, a massive 48 percent higher on a year-on-year basis when compared with $2.03 billion in the same month of the previous year, according to the statement by the State Bank of Pakistan.
GSMA highlights Pakistan’s digital progress and potential to spur accelerated economic growth
Pakistan is poised to unlock its economic potential through accelerated digital transformation, according to a new report, “Realising Pakistan’s Aspiration to become a Digital Nation,” launched today by the GSMA at its Digital Nation Summit Islamabad. The report underscores the country’s significant strides in mobile connectivity and smartphone adoption while outlining a clear path to maximize these gains for the benefit of its citizens. However, achieving these aspirations will require concrete action and reforms.
SECP alerts public to fraudulent trading platform Aviva Investment Group
The Securities and Exchange Commission of Pakistan (SECP) has identified an illegal trading platform operating under the name “Aviva Investment Group/ H1- Aviva Securities Exchange Academy/ Aviva Investment Limited “. The platform is being promoted through various WhatsApp groups and social media channels and is falsely claiming\substantial returns on trading in the Pakistan Stock Exchange and international stock markets.
BYD Officially Announces the Brand Launch on 17th August in Pakistan
BYD, the world’s leading New Energy Vehicle (NEV) manufacturer, will join forces with Mega Motor Company (Private) Limited, a subsidiary of Hub Power Company Limited (HUBCO), to host a grand brand launch on 17th August in Pakistan, officially showcasing BYD passenger cars to the Pakistani market.
Mobilink Bank Launches Pakistan’s First Women-Led Incubator Program
Pakistan’s leading digital microfinance bank, Mobilink Bank strengthens its commitment to women’s economic empowerment with the launch of Pakistan’s first-ever industry-specific incubation program designed exclusively for women entrepreneurs. This initiative falls under the umbrella of the Bank’s ongoing Women Inspirational Network (WIN) program. The WIN Incubator program aims to empower 25 women entrepreneurs by equipping them with knowledge in core business areas including ideation, planning, business management, financial literacy and marketing. The graduating startups will gain access to a professional network and guaranteed Bint-e-Hawwa loans to fuel their ventures. The most promising startups will compete for a PKR 4 million investment to bring their startup ideas to life.
Unity Foods “Ba Ikhtiyar Kissan” Program: Empowering Pakistani Farmers
Unity Foods, a frontrunner in Pakistan’s agro-based commodities sector, proudly launched the “Ba Ikhtiyar Kissan” Program through its subsidiary Unity Plantations. This groundbreaking initiative is dedicated to empowering farmers nationwide by providing them with advanced technical skills in modern agriculture, high-quality seeds, and fertilizers. By doing so, Unity Plantations aims to boost crop yields, enhance financial independence, and promote sustainable livelihoods.
ADB approves $400M flood recovery loan for Pakistan
The Asian Development Bank (ADB) approved a $400 million concessional loan to support the reconstruction of houses and community infrastructure in Pakistan’s Sindh province damaged by the devastating floods in 2022.
State Bank to announce monetary policy on Monday
The State Bank of Pakistan (SBP) will announce Monetary Policy on July 29 in a meeting of the Monetary Policy Committee (MPC).
Mobilink Bank to upgrades treasury operations with collaboration of AutoSoft Dynamics
Pakistan’s leading digital microfinance bank, Mobilink Bank, has brought on board AutoSoft Dynamics, a renowned global provider of core banking and financial application solutions, as a strategic partner to automate their treasury operations.