ECC approves flood-relief funds, gives go ahead for fertilizer import
The Economic Coordination Committee (ECC) of the Cabinet here on Thursday approved funds for relief and rescue of flood-affected people and also gave go ahead to Trading Corporation of Pakistan (TCP) for Urea fertilizer imports. The ECC approved funds amounting to Rs. 3 billion for National Disaster Management Authority (NDMA) to meet its growing expenditure…
Adil Aziz
OGRA, OMCs discuss proposals about deregulation of petroleum product prices
A meeting of Oil and Gas Regulatory Authority (OGRA) and Oil Marketing Companies (OMCs) held on Wednesday to discuss the proposals about the deregulation of petroleum product prices. The meeting presided over by OGRA Chairman Masroor Khan discussed suggestions presented by representatives of OMCs threadbare. Another meeting would be held with refineries and other stakeholders…
Meezan Bank launches online payment gateway
Meezan Bank, Pakistan’s leading Islamic bank has launched Point of Sale (POS) payment and online payment gateway services to enhance its digital retail offering and fast-track the country’s digital ecosystem. The Bank will act as a link between merchants, issuers and payment networks by offering them state-of-the-art POS Machines and making cashless transactions available over…
Inflation rate to come down from next month: Miftah Ismail
Terming the hike in electricity and petroleum prices a result of unwise policies of the previous government of Pakistan Tehreek-i-Insaaf (PTI), Minister for Finance and Revenue Miftah Ismail Wednesday hinted at slowing down the inflation rate from next month. “The nation would have to bear the higher rates for one more month”, he said while…
RDA inflows reach $5 billion mark in 24 months
Inflow of remittances under Roshan Digital Account (RDA) rose to US $4.981 billion by the end of August 2022 as compared to US $4.794 billion till end of July. The data showed that the inflows of remittances during the month of August were recorded at $187 million as compared to $188 million in July and…
Iran offers completion of gas pipeline project with Pakistan
Iranian Ambassador Mohammad Ali Hosseini on Tuesday offered his government’s support to complete Iran-Pakistan (IP) Gas Pipeline project and hinted to extend cooperation in other fields of mutual interest. Ambassador Hosseini, in an said, Iran was willing to further strengthen mutual trade cooperation; completion of energy projects, especially the IP gas pipeline; progress in the…
NdcTech becomes a Certified Temenos Development Partner
NdcTech, a leading IT consulting company providing digital transformational services for Banks & Financial Institutions across the globe has now become a Certified Development Partner of Temenos. This accreditation distinguishes NdcTech’s engineering capabilities while carrying out digital transformations. The company’s extensive expertise on the Temenos product stack and in-depth knowledge of modern frameworks and development…
SBP signs MoU with Zameen.com to utilize on real Estate sector
State Bank of Pakistan (SBP) has signed a memorandum of understanding (MoU) with Zameen.com according to which the latter will provide data on the prices and rental costs of residential and commercial properties in the country’s metropolitan areas. This data will subsequently be used by SBP to analyze house prices, develop related indices and use…
Pakistan needs enhanced financing for natural disasters: ADB
Pakistan urgently needs to enhance the current disaster risk finance approach as risk retention mechanisms are insufficient to cover the losses associated with even the most frequent of flood and earthquake events, Asian Development Bank. The report titled “Narrowing the Disaster Risk Protection Gap in Central Asia” said the private insurance solutions for the natural…
Salaam Takaful Limited Signs UNEP-FI Principles for Sustainable Insurance
Salaam Takaful Limited, being the largest dedicated general takaful operator and first Islamic insurtech in Pakistan, is committed to serve not only its policyholders but also the world they operate in. That is the reason they have been one of the most vocal supporters of ESG and its true practitioners in the country. Its most…