Asia-Pacific’s Growth Spurs Record-Setting Year for Global Air Travel and Cargo in 2024
The International Air Transport Association (IATA) reported a 10.4% year-on-year increase in global demand for air travel in 2024, as measured by total revenue-passenger kilo-metres (RPK).
Mehfooz
Toyota Maintains World’s Top Automaker Title with 10.8 Million Sales in 2024
Toyota Motor Sells 10.8 Million Vehicles in 2024, Retaining World’s Top Automaker Title for Fifth Consecutive Year. The Japanese automaker posted a 3.7 percent drop in global group unit sales last year, including those of compact car maker Daihatsu and truck unit Hino Motors.
ABHI and TPL Corps complete acquisition of FINCA Microfinance Bank
ABHI and TPL Corps have officially completed the acquisition of FINCA Microfinance Bank Limited. The final signing ceremony took place in the presence of prominent leaders from both organizations and key stakeholders, including Omair Ansari, CEO of ABHI, Ali Jameel, CEO of TPL Corp Limited, and Jeffery Smith, Vice President – Chief Administrative Officer of FINCA. The event marked the formal conclusion of this strategic partnership, which aims to expand access to innovative financial solutions and accelerate financial inclusion across Pakistan.
HBL Microfinance Bank Welcomes Maya Inayat Ismail as New Chairperson
HBL Microfinance Bank (HBL MfB) announced the appointment of Maya Inayat Ismail as the Chairperson of the Board of Directors, succeeding Rayomond H. Kotwal.
PTCL Introduces Industry-First WhatsApp-Based Bill Payment Solution in Pakistan
Pakistan Telecommunication Company Limited (PTCL), the country’s largest ICT services provider, has partnered with PayFast, a State Bank of Pakistan-licensed Payment Service Provider (PSP), to launch for the first time an innovative bill payment solution via WhatsApp. This cutting-edge service enables PTCL customers to view and pay their bills directly through WhatsApp, representing a major…
KCCI Condemns State Bank’s Token Interest Rate Cut as Ineffectual
President Karachi Chamber of Commerce & Industry (KCCI) Muhammad Jawed Bilwani, while expressing strong disappointment over the State Bank of Pakistan’s (SBP) decision to implement a nominal reduction of just 1 percent in the policy interest rate, criticized the move as insufficient to address the prevailing economic challenges and unlock the country’s growth potential.
SBP Monetary Policy Committee Announces 100 bps Rate Cut to 12%
The Monetary Policy Committee (MPC) decided to cut the policy rate by 100 bps to 12 percent, effective from January 28, 2025.
Stay home, earn more as social media empowers youth
The useful handling of social media platforms has empowered youth to earn sufficient money for supporting themselves and their families too.
Hutchison Ports Announces Massive US$1 Billion Investment for Pakistani Ports
A high-level delegation from Hutchison Ports, led by Andy Tsoi, Managing Director for the Middle East & Africa Division, met with Federal Minister for Maritime Affairs Qaiser Ahmed Shaikh and secretary Syed Zafar Ali Shah to share a proposed US$1 billion investment plan.
PTCL Group and PPAF Celebrate Empowerment and Success Through Ba-Ikhtiar Project
The initiative is fostering financial independence and paving the way for sustainable growth of women entrepreneurs through building successful e-commerce stores.