Economy to slow to 3.5% in FY2023 amid strong climate headwinds: ADB
The recent devastating floods in Pakistan add profound risk to the country’s economic outlook,” said ADB Country Director for Pakistan Yong Ye :Pakistan’s economy is forecast to slow to 3.5 percent in fiscal year 2023 amid devastating floods, policy tightening, and critical efforts to tackle sizable fiscal and external imbalances, the Asian Development Bank (ADB)…
Adil Aziz
MMBL to offer e-health Insurance & Digital Financial Solutions to Careem Captains
Pakistan’s largest digital bank, Mobilink Microfinance Bank Limited (MMBL) has collaborated with Careem, a pioneer in the Middle East region’s ride-hailing economy, to provide its Captains health insurance services over digital channels at market competitive rates for enhanced well-being. MMBL’s Chief Finance & Digital Officer, Sardar Mohammad Abubakr, and Country Head Careem Pakistan, Feroz Jaleel…
Exports increase by 40.53 per cent to Rs.1.043 trillion in 2 months
The exports from the country in rupee term witnessed an increase of 40.53 per cent during the first two months of current fiscal year (2022-23) as compared to the corresponding month of last year. The exports during July-August (2022-23) were recorded at Rs. 1,043,046 million as against the exports of Rs. 742,226 million in July-August…
PTCL, PPAF collaborate to boost digital, financial inclusion of women
Pakistan Telecommunication Company Limited (PTCL) Group has entered into a strategic partnership with Pakistan Poverty Alleviation Fund (PPAF) to foster digital and economic inclusion of women entrepreneurs through training and access to digital and financial tools and opportunities for economic growth. Group Chief Commercial Officer (GCCO), PTCL Group, Adnan Anjum and Chief Operating Officer (COO),…
Women’s Empowerment key to sustainable development: Jemal Beker Abdula
Ambassador of Ethiopia to Pakistan, Jemal Beker Abdula has said that woman empowerment is vital and linked to any country’s economic, social transformation, and development. Addressing Pakistan’s Export-Women-led business conference in Islamabad, he said that women have enormous potential to work in different sectors of the economy, including trade and investment, governance, and leadership. He said…
Finance Minister for completing all prior actions required for WB’s RISE-II, PACE-II
Federal Minister for Finance and Revenue Miftah Ismail on Sunday held a meeting with Country Director World Bank Najy Benhassine and Program Leader Energy WB Teuta Kacaniku, on World Bank Initiatives RISE-II and PACE-II programs here at the Finance Division. The Finance Minister was briefed on the progress in the second Resilient Institutions for Sustainable…
ADB’s ongoing sovereign portfolio in Pakistan includes 48 loans worth $8.42 Billion
The ongoing sovereign portfolio of Asian Development Bank (ADB) in Pakistan includes 48 loans and three grands worth of $8.42 billion. According to the member fact sheet released by the ADB, in 2021, ADB’s loan and grant disbursements to Pakistan amounted to $1.31 billion, comprising $0.3 billion in program lending and $1.01 billion from project…
Carrefour and VISA team up to offer three fans the chance to attend the FIFA World Cup Qatar 2022™
Chance to win one of three group stage match packages inclusive of flights to Qatar, 5-star hotel accommodation for 3 nights, and access to 2 matches Lahore, Pakistan, September 16, 2022: Carrefour, owned and operated by Majid Al Futtaim in Pakistan, has partnered with VISA, the Official Payment Services Partner of FIFA, to give three…
Mobilink Microfinance Bank Promotes Financial Inclusion and Supports Farmers with Programmes to Drive Economic Prosperity in Pakistan
Mobilink Microfinance Bank Limited, VEON’s financial services arm and the largest digital bank in Pakistan, launched three major microfinance initiatives as part of its continuing efforts to financially empower women entrepreneurs and to support small and medium-sized farmers in the country. The initiatives were formally launched by VEON Group CEO, Kaan Terzioglu, during his recent…
Pakistan and Azerbaijan enhance bilateral cooperation in diverse areas including trade, energy and defence
Prime Minister Muhammad Shehbaz Sharif and President of Azerbaijan Ilham Aliyev on Friday expressed their mutual resolve to enhance bilateral cooperation in diverse areas including trade, energy and defence. In a meeting held on the sidelines of Shanghai Cooperation Organization’s Heads of State meeting in Samarkand, the two side also emphasized strengthening the links in…