Tetra Pak donates PKR 22 million to PRCS for flood victims
Sardar Shahid Ahmed Laghari says Red Crescent is grateful for the generous relief support from Tetra Pak Pakistan, which will help us in mobilizing thousands of people to safety and providing them with critical relief and much-needed assistance. Mr. Misbah Burney says that Tetra Pak believes in serving its part by supporting a major humanitarian…
Adil Aziz
Faysal Bank Launches Donation Payments Feature via WhatsApp
Faysal Bank Limited as part of its digital transformation journey has introduced a new innovative feature of Donation Payments via its WhatsApp banking channel. Faysal Islami WhatsApp Banking enables its subscribers to make real-time donation payments to over 25 reputable charitable organizations such as SKMT, TCF, SIUT, Indus Hospital, Alamgir Welfare Trust and Pink Ribbon…
MMBL’s 9-Point Agenda 2.0 delivers Impactful and Sustainable Policy Interventions
Pakistan’s largest digital bank, Mobilink Microfinance Bank Limited (MMBL), has recently launched the 2nd edition of its 9 Point Agenda for Financial Inclusion, a policy document aimed at fostering digital financial inclusion through meaningful regulatory interventions in nine key areas. Mobilink Microfinance Bank is part of the VEON group, a global digital operator that provides…
Services’ trade deficit shrinks 26.22% as exports grow by 4.63% in Q1
The services trade deficit shrank by 26.22 percent as exports witnessed growth of 4.63 percent during the first quarter (Q1) of the current fiscal year as compared to the corresponding period of last year. The exports from the country during July-September (2022-23) were recorded at $1,694.96 million against the exports of $1,619.93 million in July-September…
SBP signs MOU with PBoC on establishing RMB clearing arrangements
State Bank of Pakistan (SBP) and Peoples Bank of China (PBoC) have signed an MOU on establishing RMB (Chinese currency) clearing arrangements in Pakistan. The MOU was signed by Governor SBP Mr. Jameel Ahmad and Governor PBoC Mr. Yi Gang. The establishment of the RMB clearing arrangement in Pakistan will further boost usage of RMB…
PSX stays bullish, gains 135 points
The 100-index of the Pakistan Stock Exchange (PSX) continued with bullish trend on Wednesday, gaining 135.90 points, a positive change of 0.33 percent, closing at 41,944.59 against 41,808.69 points on the last working day. A total of 230,561,335 shares were traded during the day as compared to 192,142,149 shares the previous day, whereas the price…
Pakistan earns $179 Million by exporting transport services in 2 months
Pakistan earned US $179.940 million by providing different transport services in various countries during the first two months of current fiscal year (2022-23). This shows growth of 104.55 percent as compared to $87.970 million earned through provision of services during the corresponding period of fiscal year (2021-22). During the period under review, the exports of…
Leading Chinese companies accept PM’s offer to invest in Pakistan’s solar, infrastructure projects
The leading Chinese companies during the official visit of Prime Minister Shehbaz Sharif to China have shown their keen interest to invest in Pakistan’s solar, water and other infrastructure projects. The prime minister invited the Chinese corporate heads to visit Pakistan and invest in the government’s comprehensive solar power project aimed at generating 10,000 mega watt electricity….
CAD declines to $2.2 billion in 1st Quarter
The Current Account Deficit (CAD) declined to $ 2.2 billion during the first quarter (Q1) of the current fiscal year as compared to the deficit of $3.5 billion recorded during the corresponding period (July-September) of the fiscal year 2021-22. The CAD mainly contracted due to increase in exports and contraction in imports during July-September (2022-23)….
PSX stays bullish, gains 544 points
The 100-index of the Pakistan Stock Exchange (PSX) continued with bullish trend on Tuesday, gaining 544.03 points, a positive change of 1.32 percent, closing at 41,808.69 against 41,264.66 points on the last working day. A total of 192,142,149 shares were traded during the day as compared to 97,476,761 shares the previous day, whereas the price…