APICTA promotes Pakistan’s image and culture among Asia-Pacific Economies
APICTA and P@SHA’s teams came together for an exclusive press conference prior to the final award ceremony for APICTA 2022. Asia Pacific Information Communication Technology Alliance (APICTA) held its APICTA Awards in the lush green foothills of Islamabad. Pakistan had won the bid in early 2022 to host the APICTA and the teams had been…
Adil Aziz
IT Parks to expand Pakistan’s digital landscape
With digital growth going through a rapid revolution, the country is inching towards establishing a vibrant network of Information Technology (IT) parks to expand its digital landscape. As the modern-day electronic gadgets have influenced the entire lifestyle, these IT parks would provide young professionals a launching pad to execute their innovative ideas and contribute to…
SECP issues concept paper on Risk Based Capital Regime for insurance sector
The Securities and Exchange Commission of Pakistan (SECP) has issued a concept paper on Risk Based Capital (RBC) Regime, outlining the possibility of shifting from existing solvency-based regime towards an RBC regime for Pakistan’s insurance sector. The proposed framework is consistent with international best practice, aimed at improving corporate governance, enterprise risk management and public…
Foreign exchange reserves stand at $12.58 Billion
The total liquid foreign reserves held by the country stood at US$ 12,581.7 million as of December 2,2022. According to breakup figures, the foreign reserves held by the State Bank of Pakistan stood at US$ 6,714.9 million whereas the net foreign reserves held by commercial banks were recorded at US$ 5,866.8 million. During the week…
Faysal Bank declared “Best Bank of the Year 2021” by CFA Society Pakistan
CFA Society Pakistan hosted the 19th edition of its prestigious Annual Excellence Awards in Karachi to recognize the outstanding performances of financial institutions, corporates and professionals. Faysal Bank Limited (FBL) was declared “Best Bank of the Year 2021” amongst mid-size banks of the country. Mr. Yousaf Hussain – President & CEO, Faysal Bank Limited received…
ABHI Partners with Chase Up to Provide Earned Wage Access to 2500 Employees
ABHI and Chase Up join hands to extend ABHISalary (Earned Wage Access) to 2500 employees working at Chase Up. Chase Up takes pride in its hardworking employees and values the care they show to their customers. As a token of appreciation, they have partnered with ABHI to provide the benefit of Earned Wage Access and…
Experts for maximizing exports, curtailing imports to achieve trade surplus
Speakers at a seminar highlighted the importance of maximizing exports and curtailing imports to help the country in achieving trade surplus for sustainable economic growth. They were speaking at a seminar titled “40 Years of Diplomatic Relations between Pakistan and Korea: Trade, Investment and human resources” organized by the Pakistan Institute of Development Economics (PIDE),…
Qatar, Pakistan enjoy strong bilateral relations based on solid foundations: Envoy
Ambassador of Qatar to Pakistan Sheikh Saoud Albulrahman Al-Thani has said that the State of Qatar and Pakistan shared unique historical ties, enjoying strong cooperative ties based on solid foundations, and relations between nations have seen remarkable development in recent years in all fields. Addressing the audience on Qatar National Day in Islamabad, the envoy…
Debt repayments on track, foreign reserves to increase in 2nd half: SBP Governor
All debt repayments are on track and country’s foreign exchange reserves are expected to increase in second half of the current fiscal year, said Governor State Bank of Pakistan (SBP), Jameel Ahmad. In the latest episode of the SBP Podcast series, Governor SBP discussed in detail the country’s capacity to meet its international financial obligations…
Pakistan to host 21st APICTA Awards 2022 in Islamabad
Recognized as the Oscars of the Asian IT industry. Popularly called the APICTA Awards, the 2022 edition is taking place in Islamabad, from December 7-11 The 21st APICTA Awards of the regional economies are being held in Pakistan for the first time since the inception of the alliance. They are being organized by the Pakistan…