OGDCL Partners with LUMS to Establish CleanTech/EnergyTech Grant
Oil and Gas Development Company Limited (OGDCL) has awarded the LUMS Centre for Entrepreneurship (LCE) a Cleantech/EnergyTech Grant to establish a dedicated space within its co-working facility. This initiative aims to support start-ups focused on cleantech and sustainable energy solutions, fostering innovation to tackle local and global climate challenges.
Mehfooz
Finance Minister’s New Directive: All Segments to Pay Taxes for National Good
Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, expressed concern over the retail sector’s minimal tax contributions. Despite accounting for a substantial 19% of the country’s GDP, the sector pays a mere 1% in taxes. This disparity has raised questions about the retail sector’s role in contributing to the national exchequer and the need for more equitable tax policies.
Zong 4G unveils Pakistan’s first AI-Generated television campaign
Zong 4G, Pakistan’s leading digital services provider, has made history by launching the industry’s first-ever AI-generated television campaign for the ICC Champions Trophy, redefining the future of advertising in Pakistan’s telecom industry.
5G Technology: PTA, MCMC, and Nokia Drive Digital Innovation
The Masterclass on “5G and Beyond: Shaping the Future of Connectivity”, marking a key milestone in Pakistan-Malaysia digital collaboration. Hosted by the Pakistan Telecommunication Authority (PTA) in partnership with Nokia Pakistan.
Sindh govt with Dewan Group to Introduce 500 Electric Taxis
Special Assistant to Chief Minister of Sindh for Investment and Public-Private Partnership, Syed Qasim Naveed Qamar, met Dewan Muhammad Yousuf Farooqui, the head of Dewan Group, to discuss the ambitious project. During the meeting, Dewan Farooqui highlighted that Dewan Group is working on a project to introduce 500 electric taxis across Sindh, with an estimated cost of Rs.2.5 billion.
Bank Alfalah Secures Qist Bazaar’s Growth with Rs.55 Million Equity and Rs.460 Million Credit Line
Bank Alfalah, one of Pakistan’s leading financial institutions, has reinforced its commitment to financial inclusion by increasing its investment in Qist Bazaar, Pakistan’s rapidly growing buy-now-pay-later (BNPL) platform catering to essential purchases of people with minimal and easy instalments.
HBL Microfinance Bank and IFC Finalize $80 Million Risk Sharing Agreement
HBL Microfinance Bank (HBL MfB) has signed a US$ 80 million Risk Sharing Agreement (RSA or the facility) with the International Finance Corporation (IFC), a member of the World Bank Group.
FBR to Enhance Monitoring of Bank Transactions Exceeding Declared Income
The Federal Board of Revenue (FBR) has announced plans to closely monitor bank transactions that exceed individuals’ declared income to strengthen tax compliance and curb financial irregularities.
Over 100 Pakistani IT Companies Participating in LEAP 2025
Pakistani IT companies are aggressively exploring new and emerging tech markets particularly the Kingdom of Saudi Arabia (KSA), as more than 100 firms providing IT and IT-enabled services are participating in LEAP 2025, one of the world’s major tech trade fairs, being held in Riyadh, Saudi Arabia.
Spotify Reports Q4 2024 Earnings
Spotify released its Q4 2024 earnings, closing Q4 stronger than ever by outperforming across key metrics and celebrating the first full year of profitability.