MMBL Joins Hands with Avanza Solutions to Launch DOST Corporate Portal
Mobilink Microfinance Bank Limited (MMBL) has collaborated with Avanza Solutions to develop and deploy a state-of-the-art enterprise banking solution, DOST Corporate Portal. This platform is part of MMBL’s strategic pursuit to optimize operations and explore greater technical prowess to ultimately fulfill the growing banking and financial needs of various business segments. Mobilink Microfinance Bank is…
Adil Aziz
PTCL launches OTT Platform, ‘SHOQ’ to bring High Quality Video Streaming to Pakistan
Pakistan Telecommunication Company Limited (PTCL), a subsidiary of e&, (formerly known as Etisalat Group) has launched its new Over-The-Top (OTT) platform, SHOQ, to provide a superior and immersive viewing experience to all data users in Pakistan. SHOQ hosts a rich repository of selected content that is accessible to all, in line with PTCL’s vision of…
EU studying whether Big Tech should pay network costs: EU document
THE European Union (EU) will consult the technology and telecoms sectors on whether tech giants like Alphabet Inc’s Google, Meta and Amazon.com Inc should subsidise network costs, according to a Commission document seen by Reuters. EU telecoms providers including Deutsche Telekom, Orange, Telefonica and Telecom Italia say the six largest content providers account for more…
FBR achieves revenue target of Rs. 533 Billion for month of January
The Federal Board of Revenue has achieved monthly budgetary target of Rs.533 billion and surpassed it by Rs. 4 billion in month of January 2023. The FBR has shown excellent performance by surpassing the budgetary target for the month of January 2023. The Federal Board of Revenue (FBR) has demonstrated a commendable revenue collection performance…
60 Billion revenue from Tobacco Health Levy can lessen Pakistan’s financial woes; Experts
The Society for the Protection of the Rights of Child (SPARC) has stressed the importance of the pending Tobacco Health Levy Bill to ease Pakistan’s current economic crisis. According to details, Malik Imran Ahmed, Country Head, Campaign for Tobacco-Free Kids (CTFK) mentioned that the destruction caused by the tobacco induced non-communicable diseases to Pakistan’s healthcare…
PSX turns around to bullish trend, gains 801 points
The 100-index of the Pakistan Stock Exchange turned around to bullish trend, gaining 801.79 points, a positive change of 2.01 percent, closing at 40,673.06 against 39,871.27 points the previous day. A total of 153,324,094 shares were traded during the day as compared to 140,465,951 shares the previous day, whereas the price of shares stood at…
NSCs, CDC sign digitization agreement
Federal Minister for Finance and Revenue Senator Mohammad Ishaq Dar witnessed agreement signing ceremony of launching Pilot project of Digitization/Dematerialization of National Saving Certificates (NSCs) through Central Depository Company of Pakistan Limited (CDC). Chief Executive Officer (CEO) CDC, Badiuddin Akber and Director General CDNS, Hamid Raza signed the agreement on behalf of their respective organizations,…
Fiscal consolidation key to saving reserves, exchange-rate stability: Economic Outlook
The Finance Ministry in its latest report on state of economy released termed fiscal consolidation as the key to saving official reserves and exchange rate stability of the country. According to monthly Economic Update and Outlook for January 2023, released by the ministry, the fiscal consolidation may temporarily be costly in terms of growth prospects…
Barrick Gold Corporation makes initial payment of $3 million to Balochistan
Barrick Gold Corporation has made the first payment of US$3 million (approximately 750 million Pakistani rupees) to the government of Balochistan as part of Reko Diq Partneship. Reko Diq Pakistan Country Manager Ali E. Rind handed over the cheque for $3 million to Secretary, Mines and Minerals Development Department, Saidal Khan Luni. As per the…
IMF-Pakistan discuss fiscal policies to accomplish 9th review
Finance Minister, Senator Mohammad Ishaq Dar briefed the mission on fiscal and economic reforms and measures being taken by the government in different sectors including bridging the fiscal gap, exchange rate stability and in energy sector for the betterment of the economy The International Monetary Fund (IMF) and Pakistan discussed and reviwed the economic and fiscal…