Delegation of a Business Leaders from Saudi and Kuwait meet PM to discuss KE issues
A delegation of K-Electric’s majority shareholders representing Saudi Arabia’s Aljomaih Holding Company, Kuwait’s National Industries Group (NIG) and Infrastructure Growth and Capital Fund (IGCF) called upon the Honorable Prime Minister of Pakistan Mian Shehbaz Sharif on Thursday. Delegation was led by Sheikh Abdulaziz Aljomaih – Managing Director of Aljomaih Holding Company, one of the strongest…
Adil Aziz
Pakistan’s IT company NdcTech showcased at one of the largest global banking events held in Excel London
NdcTech, Pakistan’s leading IT and consulting company was invited to showcase its offerings as a Silver Sponsor at the Temenos Community Forum 2022, one of the most prestigious banking technology events held recently at the world’s financial city, London, UK. Ammara Masood, CEO and President of NdcTech and Asif Peer, CEO Systems Ltd were present…
UN Women Pakistan and foodpanda Pakistan collaborate for the promotion of workplace safety and gender equality for women
UN Women and foodpanda Pakistan have announced a partnership on promotion of gender equality in the workplace. Under the partnership various initiatives and training will be undertaken to address and implement strategies pertaining to gender-responsiveness and creating a healthy work environment. A memorandum of understanding (MoU) in this regard was recently signed in foodpanda’s office…
SBP weighs in measures to conserve energy, fuel in banking sector
State Bank of Pakistan provides policy guideline to banking sector on energy conservation and the Central Bank has already a number of measures in this regard. SBP circular issued on Wednesday, addressing Presidents and CEO of commercial banks and other financial institutions, mentioned that the Federal and Provincial governments were taking a number of actions…
EU’s monitoring mission arrives in Pakistan to assess GSP+ implementation status
A European Union (EU) monitoring mission comprising officials from the European External Action Service (EEAS) arrived in Pakistan on Wednesday to assess the effective implementation of 27 international conventions to which Pakistan is a signatory. The delegation also includes the European Commission’s Directorates-General for Trade and Employment, Social Affairs, and Inclusion, said a statement issued…
Highest ever daily inflows worth $57 million recorded in Roshan Digital Account: SBP
Deposit inflows in Roshan Digital Account (RDA) recorded highest ever daily figure on Tuesday as $57 million were deposited in a single day. According to a message by official twitter handle of the State Bank of Pakistan with the significant increase, total deposits in RDA have crossed $4.5bn till June 21, 2022. At the end…
Financial System performed well and remained resilient, says Financial Stability Review 2021
The State Bank of Pakistan (SBP) has issued its annual flagship publication, the Financial Stability Review (FSR) for CY21. The Review presents the performance and risk assessment of various segments of the financial sector including banks, non-bank financial institutions, financial markets, financial market infrastructures and non-financial corporates. The assessment of global dynamics highlights that due…
Faysal Islami introduces hotel booking services in partnership with Ascendant
Faysal Bank Limited, in partnership with Pakistan’s largest hospitality technology company – Ascendant, has launched a hotel booking platform for its customers that enables them to conveniently book hotels online through their website: www.faysalbank.com The website offers 1600+ hotels and guest houses in 50 cities across Pakistan. This initiative by Faysal Islami, a leading Islamic…
PayFast by APPS Becomes the First Fintech in Pakistan to Partner with Visa Through Cybersource
PayFast by APPS (“PayFast”) is proud to become the first fintech in Pakistan to partner with international payments leader Visa through Cybersource. The nature of the partnership sees Cybersource offering its robust and dynamic digital payment solution suite to PayFast. It includes E-commerce checkout, digital merchant platform, Fraud Management, and SoftPOS. This initiative paves the…
Govt all set to present progressive budget on Friday
The incumbent coalition government is all set to present its first pro-people, business-friendly and progressive budget for the fiscal year 2022-23 in the Parliament on June 10 (Friday), with special focus on fiscal consolidation to contain budget deficit. The budget would be presented by Federal Minister for Finance and Revenue, Miftah Ismail. The budget had…