easypaisa partners with Esquare to facilitate salary disbursements
easypaisa, Pakistan has partnered with Esquare Services Private Limited to seamlessly facilitate salary disbursements to employees through its digital platform. This integration not only promises efficiency but also empowers employees with timely and convenient access to their earnings. Esquare will now utilize easypaisa’s open Application Programming Interface (API) architecture to disburse salaries, advances, and incentives…
Adil Aziz
World Bank delegation calls on IT minister
World Bank delegation led by its Country Director for Pakistan, Najy Benhassine called on Caretaker Federal Minister for IT and Telecommunication Dr Umar Saif. The minister welcomed the delegation on arrival at Ministry of IT and matters of bilateral interest and ‘Digital Economy Enhancement Project’ were discussed. Dr. Umar Saif said that the project will…
Fertilizer industry can drive agricultural transformation under Green Initiative Pakistan
Pakistan is the only country out of the top five major urea consumers – including China, Brazil, USA, and India – that is, unfortunately, not investing in capacity growth over the next five years, even though it is facing a rapid surge in population. A robust domestic fertilizer industry can prove to be an invaluable…
SECP issues Shariah Compliance Certificate to a startup
The Securities and Exchange Commission of Pakistan (SECP) has issued a Shariah compliance certificate to a licensed non-banking finance company (NBFC) offering Buy Now Pay Later (BNPL) services on the Shariah principle of Musawamah, whereby profit margin is included in the sale price of the commodity. The certificate has been granted to Qist Bazaar (Private)…
CCP approves two mergers – home health care, insurance sectors
The Competition Commission of Pakistan (CCP) has granted approval to two mergers in-home healthcare services and non-life insurance sectors. The approvals were granted following the successful completion of Phase-1 competition assessment, conducted in accordance with Section 11 of the Competition Act, 2010, said a press release issued. The CCP approved the merger application filed by…
SBP Introduces Structural Reforms in the Exchange Companies’ Sector
State Bank of Pakistan has decided to introduce structural reforms in the Exchange Companies’ sector. As part of these reforms, leading banks actively engaged in foreign exchange business will establish wholly owned Exchange Companies to cater to the legitimate foreign exchange needs of general public. Furthermore, various types of existing Exchange Companies and their franchisees…
FDI increases by 17.3% in August: Economic Outlook Report
Foreign Direct Investment in the country during first month of current financial year (2023-24) witnessed about 17.3 percent growth as compared to the investment of the corresponding month of last year. By the month of July 2023, the FDI reached $87.7 million against the investment of $ 74.8 million in same period of the last…
2023 CIFTIS: Pakistani companies attract large number of visitors
As 2023 marks the 10th anniversary of the Belt and Road Initiative (BRI) and China Pakistan Economic Corridor (CPEC), Pakistani Ambassador to China Moin ul Haque noted that the Government of Pakistan was stepping up to facilitate the exchanges and cooperation between both countries. This year, at the ongoing 2023 China International Fair for Trade…
Pakistani Origin Ahmed Larik Selected Among Top 100 Saudi Technology Leaders
He is the only Pakistani who receive this recognition this year Pakistani Origin IT Wizard Ahmed Ali Larik has been selected among the Top 100 Saudi visionary leaders by the prestigious platform DT100 for his extraordinary contribution in the transformation of the digital banking landscape. Ahmed Ali Larik became limelight as an accomplished visionary professional…
PSX witnesses bullish trend, gains 394 points
The 100-index of the Pakistan Stock Exchange witnessed bullish trend on Monday (September 04) and gained 394.77 points, showing growth of 0.87 percent, closing at 45,707.43 points against 45,312.66 points the previous trading day. A total of 139,251,269 shares were traded during the day as compared to 161,824,998 shares, whereas the trading value of shares…