PITB and Faysal Bank Ltd. sign MoU to Facilitate Freelancers across Pakistan
In a special ceremony held at Arfa Technology Park on June 01, Punjab Information Technology Board (PITB) and Faysal Bank Limited (FBL) signed an MoU to facilitate freelancers across Pakistan. The MoU was signed by PITB DG e-Governance Sajid Latif and FBL Head CIBG Ali Waqar on behalf of their respective organizations. Senior officials from…
Adil AzizMMBL Champions the need to boost financial literacy in Balochistan at the Financial Literacy Gala 2022
Mobilink Microfinance Bank Ltd. (MMBL) – Pakistan’s largest digital Bank, set up a financial literacy camp at the University of Balochistan on Tuesday, May 31, 2022. The camp was organized under the State Bank of Pakistan’s National Financial Literacy Program for Youth. The gala had representatives from MMBL, SBP, RAAST, and other notable banks in…
SECP Chairman suggests high-level Steering Committee to chart impactful roadmap for promotion of Islamic finance
The Chairman, Securities and Exchange Commission of Pakistan (SECP) Aamir Khan suggests establishment of a high-level Steering Committee tasked with charting an impactful roadmap for the future, encompassing all touch points of Islamic finance ecosystem, to promote Islamic finance in the country. He made this suggestion in his keynote address at World Islamic Finance Forum’s…
MMBL and Digit 4G enter into Strategic Partnership to Digitally bolster Pakistan’s Financial Ecosystem
Pakistan’s largest digital bank, Mobilink Microfinance Bank Limited (MMBL) has partnered with DIGIT, a leading technology brand of Swift Biz Solutions Pvt. Ltd. in Pakistan, to bolster Pakistan’s digital and financial ecosystem. Under this strategic partnership, MMBL will accelerate digital inclusion by enabling its deposit account customers to purchase DIGIT smartphones (Glory1, Play1 & Energy)…
Crowdfunding Training Project for Civil Society Organizations in Pakistan
Civil Society Organizations (CSOs) are valuable development partners that help to promote citizen participation, enhance sustainability, and alleviate poverty to accelerate progress towards the Agenda 2030. However, access to finance remains one of the main challenges for CSOs and NGOs. This obstacle is to a large extent associated with the lack of information on different…
Govt committed to revive IMF programme for sustainable growth: Finance Ministry
The government is committed to revive the International Monetary Fund (IMF) programme and put the economy of the country back on a sustainable growth path, Finance Ministry said here Thursday. In a statement issued after the conclusion of talks with the fund, the finance ministry said, Pakistan’s team led by Finance Minister Miftah Ismail held…
IMF delays programme revival for Pakistan, stresses removing fuel, energy subsidies
The International Monetary Fund (IMF) Wednesday concluded talks with the Pakistan team for the revival of the Extended Fund Facility Programme and stressed taking concrete policy actions, including in the context of removing fuel and energy subsidies and the FY2023 budget, to achieve program objectives. An IMF mission led by Nathan Porter held both in-person…
KCFR signs MoU with Swiss Asian Chamber of Commerce at Davos
To strengthen trade and economic relations between Pakistan and Switzerland, Pakistani think tank Karachi Council on Foreign Relations has signed a Memorandum of Understanding (MoU) with Swiss Asian Chamber of Commerce (SACC) at Pakistan’s Pavilion at ongoing World Economic Forum Davos yesterday. The MoU was signed by Chairman SACC Dr. Urs Lustenberger and Chairman KCFR…
Chinese company to invest $ 50 million in Gwadar, Karachi
Optima Integration Group of China on Monday joined hands with Asia Pak Investments of Pakistan to invest $50 million in the first phase to develop agriculture power and logistics sectors in Gwadar and Karachi. The Board of Investment (BoI) facilitated the signing of a memorandum of understanding (MoU) between the two companies in this regard,…
Monetary Policy Statement
At today’s meeting, the Monetary Policy Committee (MPC) decided to raise the policy rate by 150 basis points to 13.75 percent. This action, together with much needed fiscal consolidation, should help moderate demand to a more sustainable pace while keeping inflation expectations anchored and containing risks to external stability. Since the last MPC meeting, provisional…