TPL Insurance Limited (WTO) partners with Faysal Bank
As part of their aim to provide innovative products and utilize the digital paradigm to redefine takaful, TPL Insurance Limited – Window Takaful Operations (WTO) is pleased to announce its collaboration with Faysal Bank. This partnership will enable both companies to offer hassle-free Shariah-compliant financial solutions to customers. To mark the occasion, an MoU signing…
Adil Aziz
PTCL signs agreement with evision to launch its video streaming platform in Pakistan
Pakistani telecom company, PTCL has signed an agreement with evision – the media and entertainment wing of global telecom services provider, e& – to launch its own video streaming platform in Pakistan. The new Digital Video Over-The-Top (OTT) platform will host the richest collection of Hollywood and Pakistani entertainment content besides a rich assortment of…
WAPDA to add over 11,000 MW environment-friendly electricity to national grid
Water and Power Development Authority (WAPDA) is actively pursuing six hydropower projects to add over 11,241 MW of environment-friendly hydel electricity to the existing 9,443 MW hydel generation in the coming years. The total installed capacity of 24 Wapda Hydel power stations stood at 9,443 MW and the addition of over 11,241 MW would enhance…
Public debt to GDP ratio to fall to 71.7% in FY23: WB
Pakistan’s public and publicly guaranteed debt to GDP ratio is expected to fall gradually in the upcoming years from 78% recorded at the end of Fiscal Year 2021-22 (FY 22) to 71.7% in FY 23 and 71.9% in FY 24. “At the end of FY 22, public and publicly guaranteed debt had increased to Rs…
Dar urges diaspora to take advantage of IT sector’s investment potential
The minister assured them of government’s complete support in their efforts to enable Pakistan achieve exponential growth in IT exports in the coming years Federal Minister for Finance and Revenue, Senator Mohammad Ishaq Dar apprised the Pakistani-American IT/Tech entrepreneurs that government was according priority attention to IT/ Tech sector to tap its true potential. In…
Dar calls for greater policy support from IMF, donors
Federal Minister for Finance and Revenue, Senator Mohammad Ishaq Dar has called for greater policy support from the International Monetary Fund (IMF) and multilateral donors in the backdrop of the climate-induced catastrophe and losses suffered by the country. The minister was addressing a meeting of MENAP (Middle East, North Africa, Afghanistan, and Pakistan) Ministers of…
President directs Silk Bank to refund Rs 200,000 with profit to bank fraud victim
President Dr. Arif Alvi has upheld a decision of the Banking Mohtasib (BM) and directed the Silk Bank Ltd (SBL) to refund the bank account of a fraud victim with Rs 200,000 along with the remaining profit till the date the amount is credited to his bank account. The President said Silk Bank had committed maladministration by…
World Food Day: Speakers call for addressing food wastage at all levels
Celebrating the World Food Day on Friday, the speakers here at an event called for addressing food wastage at all levels including household, storage, and production. “On this World Food Day, we as a nation must address food wastage, not only at household level but also how we produce, process and store food in Pakistan….
28 projects completed with cost of US$ 18.8 Billion under framework of CPEC
As many as 28 projects have been completed with a cost of US$ 18.8 billion under the Framework of China Pakistan Economic Corridor (CPEC) including 12 projects in the Energy sector, 10 projects of Infrastructure development and 6 projects in the Socio-Economic Development sector. In a written reply to the National Assembly, the minister for…
World facing ‘unprecedented’ food crisis: UN agency warns
The world is at risk of yet another year of record hunger as the global food crisis continues to drive more people into worsening levels of acute food insecurity, the World Food Programme (WFP), a Rome-based UN agency, has warned. In a call for urgent action to address the root causes of rising hunger, ahead…