SECP for effective implementation of Motor Third Party Liability Insurance
The Securities and Exchange Commission of Pakistan (SECP) has formed a working group to explore the possibilities and mechanism for effective implementation of “Motor Third Party Liability (TPL) Insurance” in the country. The group, comprises industry experts, representatives of Insurance Association of Pakistan (IAP) and SECP officials, will formulate a detailed proposal for effective implementation…
Adil Aziz
Pakistan’s leading IT service provider, NdcTech gets recognized by Temenos as the Best Performing Partner in the SaaS World
NdcTech, a global IT Company providing transformational services to the banking sector and winner of Temenos Best Sales Partner Award in MEA attended Temenos Kick-Off 2023 which took place at Palau Congress Centre at Palma de Mallorca, Spain from 17th to 20th January 2023. TKO is an annual event of Temenos, the world’s # 1…
Dar chairs meeting on telecom sector
Federal Minister for Finance and revenue, Senator Mohammad Ishaq Dar chaired a meeting during which discussions were held on Telecom sector in general and PTCL in particular. According to press statement issued by the finance minister, Federal Minister for IT and Telecommunication, Syed Amin Ul Haque, Federal Minister for Law and Justice Senator Azam Nazeer…
Turkiye keen in raising trade ventures with Pakistan: Mian Kashif Ashfaq
Chief Executive Officer Pakistan Furniture Council, Mian Kashif Ashfaq said Turkiye wanted to launch joint ventures with Pakistan to further cement bilateral trade and economic ties. Talking to a delegation of business community led by Faran Shahid, he said Turkey has offered a joint roadmap to give new direction to either sides for strengthening economic…
Faysal Bank Partners With Mercantile Pakistan to Provide BNPL Facility
Faysal Bank partnered with Mercantile Pakistan (Authorized Apple Distributor) to provide a facility of Buy Now Pay Later (BNPL) at a zero percent profit rate to its customers using its payment cards. This is the first time in Pakistan that customers can avail BNPL facility to buy Official Apple products from authorized retail outlets. During…
Rupee loses another Rs 6.82 against dollar
he exchange rate of the Pakistani rupee depreciated by Rs 6.82 against the US dollar in the Interbank trading and closed at Rs 262.60 against the previous day’s closing of Rs 255.42. According to the Forex Association of Pakistan (FAP), the buying and selling rates of dollar in the open market were recorded at Rs…
NIBAF and CFASP signed MOU for Collaboration on “Certification in Treasury Management”
National Institute for Banking and Finance Pakistan (NIBAF) and CFA Society Pakistan (CFASP) signed a Memorandum of Understanding (MOU) to collaborate for capacity development of professionals working in banking industry, development finance institutions, stock exchanges, and corporate sector. Under this collaboration, the two institutions would support each other in matters and activities of mutual interest,…
Exporters to ensure consignments shipped within 45 days: ECC
The Economic Coordination Committee (ECC) of the Cabinet directed exporters to ensure the consignments are shipped within 45 days of quota allocation. Federal Minister for Finance and Revenue Senator Mohammad Ishaq Dar presided over the meeting of the Economic Coordination Committee (ECC) of the Cabinet. Federal Minister for Commerce Syed Naveed Qamar, Federal Minister for…
Global growth to slow to 1.9% in 2023, warn UN economists; Pakistan’s prospects ‘challenging’
Senior UN economists warned that intersecting crises are likely to add further damage to the global economy, with growth set to slow from three per cent in 2022 to 1.9 per cent this year, and that prospects for Pakistan, Bangladesh and Sri Lanka were “more challenging” that other South Asian countries. This will be one…
US partners with KP, FAO to boost agricultural livelihoods
U.S. Embassy Deputy Chief of Mission, Andrew Schofer, joined U.S. Embassy Director of International Narcotics and Law Enforcement (INL) Lori Antolinez, Food & Agriculture Organization (FAO) Representative Florence Rolle, and KP Special Secretary of Agriculture Department Janat Gul to celebrate the successful completion of a $477,876 project to benefit the citizens of Khyber Pakhtunkhwa. The project…