UNISAME Urges For Khashkhash, Gurr Exports Policy Formation
The Union of Small and Medium Enterprises (UNISAME) has stressed for allowing the exports of jaggery (gurr) and khashkhash to global buyers, a statement said on Tuesday. The UNISAME invited the attention of Commerce Additional Federal Secretary Dr Ahmed Mujtaba Memon to the long outstanding demand of the Small and Medium Enterprises (SME) sector for…
Adil Aziz
Pak- Uzbekistan bilateral PTA to be finalized in March
Adviser to Prime Minister on Commerce and Investment, Abdul Razak Dawood on Tuesday said that the Preferential Trade Agreement (PTA) to increase bilateral trade between Pakistan and Uzbekistan is expected to be finalized in the month of March 4th. The signing of the agreement will take place during the Uzbek President’s visit to Pakistan in…
State Bank of Pakistan To Launch Electronic Warehouse Receipt Financing For Maize Crop
The State Bank of Pakistan (SBP) will be launching Electronic Warehouse Receipt Financing (EWRF) for Maize Crop on Tuesday, February 22, 2022 at the event in Tehsil Chunian, District Kasur. At the event banks will be signing their System Usage Agreements with Naymat Collateral Management Company Ltd. (NCMCL) to commence operations under this newly developed…
Mastercard expands its Business Intelligence Platform for Financial Institution
Mastercard has announced the expansion of its new interactive business intelligence platform Mastercard Market Trends in the Middle East and Africa. The new platform provides a comprehensive view of payments insights, competitive intelligence and industry trends for banks and financial institutions across the world and now within the Middle East and Africa. In the Middle East and…
2,448 new companies registered in January 2022
The Securities and Exchange Commission of Pakistan (SECP) registered 2,448 new companies in January 2022 witnessing an increase of 10% as compared to corresponding period, last year. The total number of registered companies now stands at 1,60,989. About 62 percent companies were registered as private limited companies, while 36 percent were registered as single member…
Textile exports increase by 24.73% to $10.933 bln in 7 months
The textile exports were recorded at $10,933.446 million in July-January (2021-22) against the exports of $8,765.883 million in July- January (2020-21), showing growth of 24.73 percent, according latest PBS data The exports of textile commodities surged by 24.73 percent during the first seven months of the current fiscal year (2021-22) as compared to the corresponding…
E-banking transactions grow by 30% to $500 bln in FY21: SBP Governor
The e-banking transactions are considerably more than the country’s total Gross Domestic Product (GDP) which currently stands at $370 billion, Reza Baqir Governor State Bank of Pakistan (SBP), Reza Baqir said Monday that owing to the revolutionary initiatives introduced by the central bank, the e-banking transactions were recorded at around $500 billion during the last…
Mobilink Microfinance Bank Limited Takes Digital Banking a step ahead with Online Account Opening Solutions
Pakistan’s largest digital bank, Mobilink Microfinance Bank Limited (MMBL) has introduced a customer-friendly account opening process to provide access to its digital banking services. In line with its strategic vision, prospective MMBL customers can just visit the bank website and go to account.mobilinkbank.com or get the MMBL Dost app. The digital account opening enables customers…
PTCL posts highest revenue growth since 2013
The country’s leading telecom and ICT services provider, Pakistan Telecommunication Company Limited (PTCL), posted 7% growth in its revenues, owing to a robust commercial strategy that cements its market standing. The company has announced its annual financial results for the year 2021 at its Board of Directors’ meeting on February 10, 2022. PTCL Group PTCL Group posted a…
MCB Bank declares Rs31.1 billion annual profit
The MCB Bank net profit showed a growth of 6 per cent to Rs31.1 billion for the year 2021, compared with the earnings of Rs29.56 in the preceding year, a bourse filing said. Analysts at Arif Habib Limited said that the earnings increased on a year-on-year basis on the back of reversals in provisioning charges…