TikTok celebrates release of Jimin of BTS’ second solo album, MUSE, with exclusive in-app experience
TikTok, the go-to platform for music discovery, launched an immersive in-app experience celebrating the release of Jimin of BTS’ highly anticipated sophomore album, MUSE.
Mehfooz
Cropwise Grower’ has become Pakistan’s fastest-growing Agri-Tech App
Syngenta Pakistan, a leading agriculture innovation and technology company that provides crop protection, seeds, and digital services to millions of Pakistani farmers, has introduced the ‘Cropwise Grower’ application – a free-of-cost, highly innovative digital solution to engage & advise Pakistani farmers to enhance their farm productivity.
Telenor Microfinance Bank appoints Jahanzeb its new President, CEO
Telenor Microfinance Bank, operator of Pakistan’s leading digital financial services platform easypaisa, has appointed Jahanzeb Khan as President and Chief Executive Officer (CEO) of the bank.
PSX transitions to One-Share Lot system
The Pakistan Stock Exchange (PSX) has successfully transitioned to a One-Share Lot system for investor transactions on the regular market, aligning with international best practices for stock market investments.
Jazz secures landmark credit facility to enhance 4G network
Jazz, Pakistan’s leading digital operator has successfully secured the largest private sector syndicated credit facility, totalling up to Rs. 75 billion. The banking consortium was led by The Bank of Punjab (BoP), and this 10-year financing arrangement will significantly support Jazz’s ongoing 4G network expansion and technological upgrades while supporting its new ServiceCo model.
SECP notifies adoption of fresh AAOIFI Shariah, Governance, and Ethics Standards
The fresh Shariah Standards, namely 21, 27, 30, 44, 45, 46, and 53, have been notified through SRO 729 (I)/2024 for implementation by the Islamic financial institutions under SECP’s regulatory domain. The SECP is gradually adopting AAOIFI’s Standards as a benchmark for Islamic financial services, aiming to ensure harmonization and standardization in business practices within the local business context.
Insurance Companies, CDC ink MoU to establish Pakistan’s first Auto Insurance Repository
Under the regulatory guidance of the Securities and Exchange Commission of Pakistan (SECP), nine insurance companies have signed an MoU with the Central Depository Company of Pakistan (CDC) for the establishment of Pakistan’s first centralized auto insurance repository. The CDC will provide the technological support for the creation of an automated repository.
Automobile sales in Pakistan rise 137.91% in June 2024
Sale of cars in the country witness an increase of 137.91 percent in June 2024, data released by the Pakistan Automobile Manufacturing Association (PAMA).
Saudi plane’s landing gear catches fire at Peshawar Airport
The landing gear of a passenger plane of Saudi Arabia caught fire after landing at the Bacha Khan International Airport (BKIA) Peshawar.
Speakers highlight potential, challenges in IT, Telecom sector
The speakers at a public-private dialogue called for strategic collaborations and rationalized spectrum and licensing mechanisms to address challenges and unlock potential in the Information Technology (IT) and Telecommunication sector.