ADB Board of Governors’ four-day annual moot starts today
The Asian Development Bank (ADB), one of the top international financial lenders, is all set to hold the Board of Governors’ 56th annual meeting at South Korean city Incheon, bordering the capital of Seoul, from May 2 to 5. The theme for this year’s conference is “Rebounding Asia: Recover Reconnect, and Reform,” wherein relevant issues…
Adil Aziz
Bank Alfalah partners with TPL to offer tailor-made complementary insurance solutions to its Employee Banking Customers
Bank Alfalah has signed a Memorandum of Understanding (MOU) with TPL Life and TPL Insurance to provide customized insurance solutions for its Employee Banking Customers. This partnership aims to offer free telehealth, accidental death coverage, and financial security to Bank Alfalah’s Employee Banking customers. These customized insurance solutions offered by TPL Life & TPL Insurance…
PTCL Group Celebrates the #TayyarHo Anthem!
Pakistan’s largest telecom and integrated ICT services provider, PTCL Group (PTCL and Ufone 4G) has launched its first ever Group Anthem #TayyarHo showcasing the employees’ commitment to serve customers with unparalleled excellence. The PTCL Group’s new anthem is more than just a song. PTCL Group embarked on the #TayyarHo journey about a year ago. What…
UAE investor acquires majority shareholding and management control of Summit Bank
Prominent UAE national, investor, and a longstanding friend of Pakistan, H.E. Nasser Abdulla Hussain Lootah (the “Investor”), has acquired a controlling stake in Summit Bank, a move that was recently approved by the State Bank of Pakistan, Securities and Exchange Commission of Pakistan, and Competition Commission of Pakistan. The Investor’s vision for the Bank is…
Changshu textile enterprises invited to participate in Karachi TEXPO
Terming the 4th International Textile Expo (TEXPO) as the largest event in Pakistan, Commercial Counsellor, Pakistan Embassy, Ghulam Qadir has said it would provide a common platform to connect textile industry experts from home and abroad. In his recent visit to Changshu, Suzhou City, Jiangsu province, the commercial counsellor briefed the local textile enterprises on…
Philip Morris Pakistan announces financial results for Q1 2023
Philip Morris (Pakistan) Limited announced its financial results for the quarter ended March 31, 2023. During the quarter, the Company reported a Total Net Turnover of PKR 5,822 million reflecting an increase of 8.9% compared to the same period last year driven by tobacco exports of PKR 2,365 million, (US$ 9.7 million), reflecting an increase…
At UN, Pakistan calls for closing digital gap, combating disinformation
Pakistan has called for addressing the digital divide — the gap between under-connected and highly digitalized countries — to help the developing usher in rapid all-round progress. “Most of the poor around the world lack reliable and affordable internet access giving rise to the digital divide, which is emerging as a new form of inequality…
Emaan Islamic Banking and TPL Insurance (WTO) join hands to launch Emaan All-in-One Account
Emaan Islamic Banking, a division of Silk Bank Limited, and TPL Insurance Limited – Window Takaful Operation, have announced the launch of their latest offering, the Emaan All-in-One Account. The account is tailored to cater to the needs of new-to-bank customers and existing Emaan account holders. The Emaan All-in-One Account is the ultimate power bundle…
SECP – AAOIFI to host First International Conference on Islamic Capital Markets
The Securities and Exchange Commission of Pakistan (SECP) and the Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI) are hosting first international conference on Islamic capital markets. The one-day conference will be held on May 29, 2023, at a local hotel in Islamabad, and is being organized in cooperation with key industry players in…
PSX witnesses bullish trend, gains 508.48 points
The 100-index of the Pakistan Stock Exchange (PSX) witnessed a bullish trend on Thursday (April 20), gaining 508.48 points, with a positive change of 1.26 per cent, closing at 41,007.82 against 40,499.34 points on the previous day. A total of 173,790,631 shares were traded during the day as compared to 84,164,030 shares the previous day,…