SECP announces third cohort under its Regulatory Sandbox
The Securities and Exchange Commission of Pakistan (SECP) has announced the launch of third cohort of its Regulatory Sandbox. The deadline for applications submission is May 31, 2022. The Regulatory Sandbox – now successfully entering its third edition – is a tailored regulatory environment that allows entities to conduct limited scale live tests of innovative…
Adil Aziz
foodpanda publishes inaugural Social Impact Report; dedicated over US$35 million to grow communities, digitalise MSMEs and support riders in Asia
foodpanda released its first Social Impact Report, titled pandapurpose, highlighting initiatives the company has taken to contribute to socio-economic and environmental sustainability challenges in Asia. As the largest food and grocery platform in Pakistan and in Asia (outside China), foodpanda dedicated over US$35 million to support communities, help Micro, Small and Medium-sized Enterprises (MSMEs) digitalise,…
MMBL collaborates with IWCCI to promote access to Digital Financial Solutions for Women Micro-entrepreneurs
Pakistan’s largest digital bank, Mobilink Microfinance Bank Limited (MMBL) has signed a Memorandum of Understanding (MoU) with the Islamabad Women Chamber of Commerce & Industry (IWCCI) to promote and strengthen access to Digital Financial Solutions (DFS) for women borrowers and micro-entrepreneurs. Promotion of financial inclusion is one of the core pillars at MMBL whereby the…
Emirates launches powerful platform for customers to browse and book bespoke Dubai and UAE itineraries
Emirates has launched Dubai Experience, its powerful and intuitive platform for customers to easily browse, create and book their own customised itineraries including flights, hotel stay, visits to key attractions, and other dining and leisure experiences in Dubai and the UAE. Customers can choose from pre-curated itineraries if they are first-time visitors, or if they have…
Faysal Bank & TPL Life Insurance Join Hands to Offer Women Takaful Coverage
With this signing, Faysal Bank Limited & TPL Life Insurance (Window Takaful Operations) have taken a step towards further strengthening their existing partnership and introduced a Women specific Takaful coverage proposition for Faysal Islami Amal Women’s Account holders which is best in class across the industry. Under this plan, women will get coverage for major…
PTCL Group Posts 3.2% Revenue Growth in Q1, 2022
Pakistan Telecommunication Company Limited (PTCL), the country’s leading telecom and ICT services provider, has announced its financial results for the quarter ended March 31, 2022, at its Board of Directors’ meeting held in Islamabad on April 13, 2022. During the first quarter of 2022, PTCL Group successfully managed to keep the topline growth momentum, which has further strengthened…
Bank Alfalah and Jubilee Life Insurance Partner to Offer Digital Insurance for Customers
Bank Alfalah, one of Pakistan’s leading financial institutions has joined hands with Jubilee general insurance, the country’s premier insurance solution provider to form a strategic alliance that will enable a digitized pathway for customers to avail insurance through AlfaMall. With customers rapidly moving towards digital platforms, this partnership will facilitate users and their ability to…
Banking Mohtasib Provides Relief of Rs 224.83 million to Banking Customers
The Banking Mohtasib Pakistan has provided monetary relief amounting to Rs 224.83 million to the banking customers by disposing of 6,563 complaints against commercial banks during the first quarter (January to March, 2022) of the current calendar year. The Banking Mohtasib has received 8,845 new complaints, including 4,614 from Prime Minister’s Portal from 1st January…
Shell Pakistan announces grand winners of two SUVs
Shell Pakistan announced the two grand winners of SUVs under its recent promotion for Shell Helix customers. The winners, Qurban Ali and Shafi ullah Sheikh were presented SUVs at a ceremony held at Shell House. Customers who treat their cars with 3 and 4 liter packs of Shell Helix HX-6, HX-7 and Helix ‘Ultra’ variants,…
Pakistan’s Political Volatility Adds to External Financing Risk: Fitch Report
The recent government change in Pakistan has been peaceful, but raises near-term policy uncertainty even as the country faces external and fiscal challenges from rising commodity prices and an increase in global risk aversion, says Fitch Ratings. The authorities’ policy agenda remains central to Pakistan’s ability to refinance its external debt over the medium term,…