Kuda Technologies poised to drive financial inclusion in Pakistan
A UK-based financial services company ‘Kuda Technologies’ in partnership with Fatima Group and The City Schools Group has applied for a digital banking licence in Pakistan with the goal of driving financial inclusion in the country. Founded in 2019 and with over $90 million of funding from renowned institutional investors including Valar Ventures and Target…
Adil Aziz
BOI provides all possible facilities to investors: Minister BOI
Federal Minister for Board of Investment Ch. Salik Hussain on Thursday said that BOI would provide all possible facilities to foreign and local investors as it has been providing facilities to investors in the past. The Minister and Secretary briefed the participants about BOI’s role in facilitating and attracting local and foreign investment in the…
Exports increase 35% to Rs4.553 trillion in 10 months
On year-on-year basis, the exports during the month of April 2022 increased by 57.44 to Rs.534,514 million as compared to exports of Rs.339,498 million during April, 2021 The exports of the country in rupee term witnessed an increase of 35.52 per cent during the first ten months of the current fiscal year as compared to…
Food exports up by 20.29% to $4.471 billion in 10 months
Food exports from the country witnessed an increase of 20.29 percent during the ten months of the current fiscal year as compared to the corresponding period of last year, Pakistan Bureau of Statistics (PBS) reported. The exports of various food commodities were recorded at $4,471.703 million during July-April (2021-22) as compared to the exports of…
ECC allows import of urea on deferred payment
The Economic Coordination Committee (ECC) of the Cabinet here on Monday allowed Trading Corporation of Pakistan (TCP) to explore possibility for import of 200,000 MT of Urea on government to government (G2G) basis and on deferred payment. The ECC gave the approval during its meeting that was presided over by Federal Minister for Finance and…
SECP Launched Stewardship Framework for Institutional Investors
Aiming to promote long-term value creation and “responsible” engagement of institutional investors with the investee companies, the Securities and Exchange Commission of Pakistan (SECP) has issued the Stewardship Guidelines for Institutional Investors. The guidelines are applicable to the Asset Management Companies, Pension Fund Managers, Private Fund Management Companies, Life Insurers and Employees Contributory Funds managed…
Mobilink Microfinance Bank Limited (MMBL) partners with WebDoc to Accelerate e-healthcare Solutions
Pakistan’s largest digital bank, Mobilink Microfinance Bank Limited (MMBL) has partnered with WebDoc, Pakistan’s leading digital doctors advisory & insurance service. MMBL customers can now enjoy the convenience of accessing health services on their mobile phones, utilizing affordable plans. Ghazanfar Azzam, President & CEO of MMBL, and Asim Zia Alam, CEO WebDoc signed a Partnership…
POL import bill surges 95% to $17 Billion in 10 months
The imports of overall petroleum group witnessed an increase of 95.84 percent during the first ten months of the current fiscal year (2021-22) as compared to the corresponding period of the last year. During the period under review, the total imports of the petroleum group stood at $17.033 billion, as against the imports of $8.697…
CDNS collect Rs 980 Billion fresh bonds by May 15
The Central Directorate of National Savings (CDNS) on Monday realized the target of issuing Rs980 billion fresh bonds in the last 10 months of current fiscal year 2021-22 from July 1st to May 15th. The CDNS had set an annual gross receipt target of Rs 980 billion from July 1 to June 30 of the…
Governor SBP assumes the Charge of Chairman ACU Board in its 50th meeting
Dr. Murtaza Syed, Governor (Acting) State Bank of Pakistan (SBP) assumed the charge of Chairman of the Board of Directors of the Asian Clearing Union (ACU) in the 50th meeting of the ACU Board held in Islamabad on May 13, 2022 in both physical and virtual modes. Established in 1974 with permanent headquarters in Iran,…