Meezan Bank organizes interactive learning session on International Women’s Day
Meezan Bank, Pakistan’s first and largest Islamic bank held a learning session titled ‘The Glorious Role of Women in Islam’ for the female staff members of the Bank on International Women’s Day at its Head Office, Karachi. Alimah Sobia Hasan, Co-founder and Director at Maryam Institute – a non-commercial, non-political educational institute for women dedicated…
Adil Aziz
ADB appreciates govt measures for improving economy
The Bank re-affirmed it’s commitment to continue support for strengthening reform programs and implementation of country’s development agenda The Vice President Asian Development Bank (ADB), Shixin Chen here on Monday appreciated and supported the efforts made by the incumbent government in social and economic sectors for bringing improvement in country’s economy. During a meeting with…
BRI cooperation with China transformational for Pakistan: Ambassador Haque
Pakistan Ambassador to China Moin Ul Haque said that cooperation with China under the framework of the Belt and Road Initiative (BRI) “has transformed Pakistan’s economic landscape”. In an interview, Haque spoke highly of the construction of the China-Pakistan Economic Corridor (CPEC), a flagship BRI project, saying it is “transformational” for his entire country. Besides…
ADB to support domestic resource mobilization in Pakistan: Omar Ayub
Vice President (Operations) of Asian Development Bank, Shixin Chen called on Federal Minister for Economic Affairs Omar Ayub Khan here and discussed the ADB’s technical and financial assistance for Pakistan including ongoing portfolio and priority areas for future interventions. At present, 37 ADB-Funded development projects worth US$ 7.9 billion are under implementation across the country…
FBR ensuring compliance of FATF regulations in true spirit: Chairman
Federal Board of Revenue (FBR) Monday clarified that it is making all out efforts in ensuring compliance of Financial Action Task Force (FATF) regulations in cases of DNFBPs (Designated Non-Financial Business or Professions), in letter and spirit, and is also fighting the menace of money laundering, by all means possible. Clarifying a news item published…
CCP order imposes penalty on Haier & DEL/DAWALANCE for anti-competitive conduct in the in the form of RPM Practices
The Competition Commission of Pakistan (CCP) passed an order against Haier and DEL/Dawlance for violation of Section 4 of the Competition Act, 2010 for entering into resale price maintenance (RPM) arrangements with its dealers, which is a form of price-fixing under Section 4(2)(a) of the Act and by object an anti-competitive practice. The Bench comprised…
BOP CEO awarded Hungary’s Civil Award
Zafar Masud, President & CEO of The Bank of Punjab, was decorated with the highest civil award of Hungary for spearheading the initiative to further strengthen Hungarian-Pakistani cross cultural ties, by restoring the historically significant Subcontinental artwork of Hungarian Artist August Schoefft. The award, “The Officer’s Cross of the Order of Merit of Hungary”, was…
Logistic reforms vital to tap region’s trade opportunities: President
President Dr Arif Alvi on Thursday said to fully tap the trading opportunities offered by increasing regional integration, Pakistan needed to reform its logistic infrastructure besides developing human resource. “The regional countries are eager to transport their goods to Gwadar port, and hence Pakistan needs to put in place a smooth supply-chain system at the…
Pak-China automobile JV creates more economic activities
MG Motors Pakistan, a joint venture between JW-SEZ Group and SAIC Motor, is building a 260,000-square-meter manufacturing plant in Lahore’s Special Economic Zone, which is expected to be officially opened in August this year. Lahore’s current production line, which produces 100 vehicles per day, is ready for export once it is approved by the government…
New multi-service messaging, payment app to be rolled out in Pakistan
“In the last 13 years, I have travelled to China a lot to meet our partners in the fields of Internet, optical fiber, telecommunications, etc. It was during those trips that I saw the emergence of WeChat and AliPay and decided to develop a fintech company in Pakistan,” NayaPay Chief Executive Officer and Founder, Danish…