President directs FIO to ensure conflict of interest disclosure before selling insurance policies
President Dr Arif Alvi asked the Federal Insurance Ombudsman (FIO) to ensure that insurance companies disclosed the conflict of interest to the purchaser of the insurance policy before selling the policy as there had been instances of grave mis-selling of policies which required a serious re-look at product structure and front-loaded commission of the agents of insurance companies.
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Pakistan services exports Decline in FY 23-24
Pakistan earned foreign exchange worth $1,707 Million from exports of various services during the first quarter (Q1) of the current fiscal year (2023-24), Pakistan Bureau of Statistics (PBS) reported.
PTCL Group and Pink Ribbon Collaboration For Breast Cancer Awareness
PTCL Group in collaboration with Pink Ribbon Pakistan led a month-long campaign dedicated to educating and raising awareness about breast cancer. The campaign, multifaceted in its approach, exemplified the Group’s commitment to empowering individuals in their fight against breast cancer.
Mobilink Bank witnesses a 38% growth in lending to MSMEs
Mobilink Bank exhibited significant growth in the first three quarters of 2023, as evidenced by the Q3 financial statements. This milestone highlights the Bank’s dedication to supporting Micro, Small, and Medium-Sized Enterprises (MSMEs), supported by substantial deposit growth and improvements on multiple indicators.
FBR record revenue collection of Rs.2,748 Billion in July-October 2023
FBR has collected Rs.2,748 Billion (2022: 2,159 Billion) against assigned target of Rs.2,682 Billion, thereby exceeding it by Rs.66 Billion. FBR has put in tremendous efforts to achieve revenue target for the month of October, 2023.
Mobilink Bank to provide financial services to HRSG
Mobilink Bank signed a Memorandum of Understanding (MoU) with HRSG, a globally renowned service provider. This collaborative agreement strives to extend financial services to HRSG employees, showcasing the Bank’s dedication to improving the economic well-being of these individuals and supporting their financial aspirations.
PTCL Group adopts Red Hat hybrid cloud solutions
PTCL Group (PTCL & Ufone 4G) announced today that it is leveraging Red Hat OpenShift, the industry’s leading hybrid cloud application platform powered by Kubernetes and Red Hat Application Foundations. These are a comprehensive set of components for developing and modernizing software to strengthen the Group’s digitalization ambitions.
AUR Takes the Number 1 Spot on Spotify’s Daily Viral Songs
Spotify Pakistan has revealed another remarkable achievement for its Fresh Finds Pakistan artist as “Tu Hai Kahan” by AUR, an emerging R&B and hip-hop trio hailing from Karachi, has secured the number 1 position on the music streaming app’s Daily Viral Songs Global chart.
PTCL collaboration with Nokia to transform its nationwide optical ultra-long-haul network
PTCL Group, a leading telecommunications service provider in Pakistan, has announced its collaboration with Nokia to transform its nationwide optical ultra long-haul network to deliver an astounding 15 Terabits per second (15T) capacity, setting a new benchmark for network scalability and performance in Pakistan.
OICCI to organize Pakistan Climate Conference
The Overseas Investors Chamber of Commerce and Industry (OICCI) will organize Pakistan Climate Conference (PCC) on November 1.