NdcTech wins Best Digital Platform Implementation accolade at IBSi Global Fintech Innovation Awards 2022
NdcTech, a long-standing partner of Temenos and wholly owned subsidiary of Systems Limited has recently won the Best Digital Channel/Platform Implementation Award at the IBS Intelligence Global Fintech Innovation Awards 2022. The 4th edition of IBSi’s Global FinTech Innovation Awards identifies and honors technology players, banks, and financial institutions from more than 47 countries for…
Adil Aziz
Government announces to set new price of petrol at Rs 214.80 per liter
The government announced to set the new price of petrol at Rs 214.80 per liter with a reduction of Rs.10 rupees in the price of petrol. While announcing a significant reduction in the prices of petroleum products in Federal Finance Minister Muhammad Ishaq Dar said that the new price of high speed diesel is Rs…
Pak-ADB sign five financing agreements worth $775 Million
The Government of Pakistan and Asian Development Bank (ADB) signed five Financing Agreements of US$ 775 million to support recovery and reconstruction efforts in the flood-affected areas of Balochistan, Khyber Pakhtunkhwa and Sindh. The government has also signed financing agreement with ADB as well as to train the workers in the Punjab province. These projects…
ECC gives go ahead to sugar exports
The Economic Coordination Committee (ECC) of the Cabinet approved a summary regarding export of sugar during Fiscal Year 2022-23 and allowed its exports up to 100,000 metric tons (MT). The summary was moved by Ministry of National Food Security and Research before ECC, the meeting of which was presided over by Federal Minister for Finance…
MMBL Partners with Quwat, Industrus to offer Digital Solutions for B2B
Pakistan’s largest digital bank, Mobilink Microfinance Bank Limited (MMBL) has signed a strategic partnership with Quwat, the fintech arm of Industrus – a tech service provider catering to the needs of millions of consumers across Pakistan, to offer a robust portfolio of digitally innovative financial products and solutions to individuals as well as Small and…
Temenos and NdcTech sign partnership to expand market reach in Bahrain, Kuwait, Oman, Pakistan, Qatar, Saudi Arabia, and UAE
Financial institutions will benefit from Temenos’ world-class banking platform and NdcTech’s regional expertise to offer Country Model Bank functionality in these countries Temenos (SIX: TEMN) today announced that it has signed an agreement to grant license rights to NdcTech, a wholly owned subsidiary of Systems Limited and one of its largest regional system integrators partners,…
PSX loses over 600 points in early trading session
The Pakistan Stock Exchange (PSE) witnessed a considerable drop in the early trading session on Thursday as the KSE-100 Index lost more than 600 points, or 1.1 per cent, in quick manner around 11:10 am. Market experts are attributing the plunge to delays in the completion of the International Monetary Fund’s (IMF) s ninth review and…
Engro Corporation Digitally Transforms Its Procurement
Engro Corporation, Pakistan’s premier conglomerate, has adopted the SAP Ariba Strategic Sourcing suite to enhance efficiencies and transparency across all business units. Integration Xperts partnered with Bloom IT to deliver the Engro Strategic Sourcing integration with S/4HANA, aligned with the vision of Intelligent Spend Management Networks (ISBN) to improve business efficiencies and accelerate the pace…
PSX continues with bullish trend, closes at 41,737.62 points
The 100-index of the Pakistan Stock Exchange (PSX) gained 23.32 points, a slight positive change of 0.06 percent, closing at 41,737.62 against 41,714.30 points on the previous day. A total of 146,710,701 shares were traded during the day as compared to 144,845,613 shares the previous day, whereas the price of shares stood at Rs 3.910…
ABHI is Solving Day-to-Day Financial Problems with Earned Wage Access
A high number of salaried individuals live paycheck to paycheck and are in a constant state of worry about their finances. It’s no shock that the working class in developing countries like Pakistan is battling pressured financial obligations amid rising inflation. If you’re a breadwinner depending on a payout after every 30 days (or longer…