Pakistan, Turkmenistan agree to expedite TAPI pipeline project
Pakistan and Turkmenistan have agreed to expedite the Turkmenistan-Afghanistan-Pakistan-India (TAPI) gas pipeline project, affirming their resolve for continuous engagement.
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Biden exits 2024 presidential election
US President Joe Biden on Sunday dropped out of the 2024 presidential race and endorsed Vice President Kamala Harris as the Democratic Party’s nominee, a stunning decision that came after weeks of pressure for the 81-year-old to quit the contest against former President Donald Trump.
Stakeholders urged to collaborate for enhancing digital supply chain finance
Top representatives from the banking and fintech sectors along with state regulators gathered to discuss ways and suggest implementable solutions to digital based financing for supply chains for small and medium enterprises and the agriculture sectors at the 5th DigiBAP Summit 2024 on Monday at a local hotel. The summit featured panel discussions and presentations by leading bank presidents and CEOs as well as senior executives on issues such as Financing the Future, Digital SME Lending, Strategies for Digital Supply Chain Financing, and Future of Digital Lending.
Abu Dhabi Ports to invest $250M in Karachi Port in 10 years
Chief Executive Officer of Abu Dhabi Ports Pakistan Khurram Aziz Khan called on Prime Minister Shehbaz Sharif and informed that the company would invest $250 million in Karachi Port during the next 10 years.
Pakistan’s digital transactions in retail payments significantly rises
Digital transactions were 83% of total retail payments for the quarter, processed by Banks and Electronic Money Institutions (EMIs) whereas 17% of transactions were conducted Over-the Counter (OTC) at bank branches. Collectively, Banks and EMIs processed 844 million retail payments amounting to PKR 128,470 billion during the quarter. This included 47% funds transfer transactions, 33% cash withdrawals, 11% POS and e-commerce purchases, 6% bill payments and mobile top-ups, and the remaining transactions comprised deposits, tax payments, invoice-based payments, and donations.
Pak-Qatar Family Takaful launched Mahana Bachat & Takaful Flexi Plan
Pak-Qatar Family Takaful Limited (PQFTL) has launched a one-of-a-kind Shariah-compliant investment plan called Mahana Bachat & Takaful Flexi Plan (MBTP). MBTP offers members 100% Shariah-compliant returns with a minimum contribution amount of PKR 50,000. Participants can increase their returns through regular monthly top-up contributions as low as PKR 1,000.
Govt. to increases petrol prices by Rs.9.99 per liter
The government on Monday (June 15) increased the prices of petrol by Rs.9.99 per liter, from Rs.265.61 to Rs.275.60.
Pakistan population to hit over 400 million mark in 2092
UN report has placed Pakistan, whose current population is over 245 million, in the group of countries whose population is expected to increase through 2054 and could potentially peak in the second half of the century or later.
SI Global, Dell Technologies enters into a 10-Year strategic partnership
SI Global Solutions announced the beginning of a groundbreaking 10-year partnership with Dell Technologies at the event held in Karachi, solidifying SI Global Solutions as an official distributor and channel partner for Dell branded hardware in Pakistan.
PTCL Group’s to supporting Arshad Nadeem as a brand ambassador for upcoming 2024 Summer Olympics
PTCL Group (PTCL & Ufone 4G) has signed Olympian and star javelin thrower, Arshad Nadeem as its brand ambassador. The Group has planned an inspiring campaign to celebrate the life and professional journey of the star athlete, besides galvanizing nationwide support for him in the upcoming 2024 Summer Olympics in Paris.