Ufone 4G’s Digital Grand Offer brings exciting discounts
Ufone 4G users can avail Digital Grand Offer via Golootlo at a discounted price of PKR 1500, down from the actual product price of PKR 1600. The bundle includes 100GB high-speed data, 1000 Off net minutes, and unlimited Ufone to Ufone and PTCL minutes for the entire month.
Mehfooz
SBP Issued Instructions for Enabling ‘RAAST’ Person to Merchant Service
State Bank of Pakistan has issued instructions to its Regulated Entities for enabling RAAST Person to-Merchant (P2M) payment service for their customers. The Raast P2M system will enable merchants to accept payments through different modes including Unified Quick Response (QR) Codes, Raast Alias (such as mobile phones), bank accounts (IBAN), and Request to Pay (RTP).
Editor
ADB approves $658.8 Million for Pakistan’s sustainable development of projects
The Asian Development Bank has approved this week three projects amounting to $658.8 million to help Pakistan achieve its goal of more inclusive and sustainable growth and development.
SECP & AAOIFI to establish an Islamic finance research & development Centre
The Securities and Exchange Commission of Pakistan and
Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI) have joined hands to establish a Joint Research and Development Centre (JRDC) to foster growth in Islamic
finance.
State Bank injects Rs.454.6 billion into market
SBP injected Rs. 454.6 billion in the market through reverse repo purchase and Shariah Compliant Modarabah Open Market Operation (OMO) cumulatively.
United Insurance to undertaking whole control of SPI Insurance
The Sindh High Court has sanctioned the scheme of merger, transferring the entire undertaking and business of M/s SPI Insurance Company Limited to and vested in the United Insurance Company of Pakistan.
Adil Aziz
ABHI to empower wage financial needs to Unilever employees
In a significant move towards empowering employees financially, ABHI, an embedded finance platform, has partnered with Unilever Pakistan, a global FMCG company with a presence in 190 countries, to offer AbhiSalary – an Earned Wage Access (EWA) solution. This collaboration aims to empower Unilever Pakistan’s workforce by providing them with immediate access to a portion of their earned wages.
In Second quarter of 2023-24 the National Savings issue Rs.40 Billion Islamic Bonds
The Central Directorate of National Savings has secured Rs.40 billion in Islamic finance bonds in the second quarter of the Current Fiscal Year 2023-24.
PMEX holds first Invest Expo 2023
The Pakistan Mercantile Exchange organised Invest Expo, featuring exhibitions by leading entities in the financial sector, including stock brokers, commodities brokers, mutual funds, insurance, and microfinance companies.
IMF demand to restructuring independent HR board of four SOEs
The National Highway Authority (Amendment) Ordinance, 2023 Pakistan Postal Services Management Board (Amendment) Ordinance 2023, Pakistan National Shipping Corporation (Amendment) Ordinance 2023, Pakistan Broadcasting Corporation (Amendment) Ordinance 2023 The Secretaries of all the concerned ministries briefed the President as to the urgency of these ordinances as the matter was agreed upon with the IMF in July this year regarding these four SOEs.