InfraZamin Pakistan, Saudi Pak Industrial and Agricultural Investment Co Ltd sign 11.5-years Renewable Energy Financing Facility to Acumen Energy of PKR 1.28 billion
InfraZamin Pakistan and Saudi Pak Industrial and Agricultural Investment Co Ltd signed a landmark transaction to provide an 11.5-year Distributed Solar Financing Facility to Acumen Energy Limited (Acumen) for PKR 1.28 billion. The Facility will be backed by a PKR 1.04bn credit guarantee to Saudi Pak and will mark InfraZamin’s first foray into renewable energy….
Mehfooz
Tractors handed over to farmers under “Green Tractor Scheme”
Deputy Commissioner of Gujranwala, Naveed Ahmed, announced that 206 farmers in the district have been selected to receive tractors under the ‘Green Tractor Scheme.’ This initiative aims to support local agriculture and enhance farming productivity. In a statement, Deputy Commissioner Naveed Ahmed announced that each farmer selected under the ‘Green Tractor Scheme’ would receive a…
Adil Aziz
SECP Hosts Second Conference on International Islamic Capital Market in Karachi
The Securities and Exchange Commission of Pakistan (SECP), in collaboration with the Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI) and the Islamic Development Bank Institute (IsDBI) on Wednesday organized the Second International Islamic Capital Market Conference. The event, held in Karachi, themed, “From Tech Transformation to Realizing Sustainability: Building an Islamic Capital Market….
SECP’s WEFP Initiative Aims to Capture 70% of New Clients
The Securities and Exchange Commission of Pakistan (SECP) has unveiled the Women Equality in Finance Policy Framework (WEFP) for Non-Bank Micro Finance Companies (NBMFCs), setting a transformative agenda to enhance women’s financial inclusion and strengthen their role in the economic ecosystem. The policy framework mandates that in next five years 70% of all new clients…
Zong Joins Hands with the SRCC to Foster Cultural Exchange Along the Silk Road
Zong 4G, Pakistan’s leading digital and telecommunications services provider, proudly announced its role as the exclusive partner for the launch of the Silk Road Culture Center (SRCC). This partnership emphasizes Zong’s steadfast commitment to fostering cultural exchange and innovation across the region. The inauguration of the SRCC was graced by ambassadors and diplomats from Silk…
Editor
FrieslandCampina Engro delegation Visits Federal Minister Rana Tanveer Hussain
A delegation from FrieslandCampina Engro Pakistan Limited, led by Saira Iftikhar, met with the Minister for National Food Security & Research (NFS&R), Rana Tanveer Hussain and discussed matters relating to promote involvement in agriculture sector. The meeting focused on FrieslandCampina Engro’s plans for Foreign Direct Investment (FDI) in Pakistan’s agriculture sector, with an emphasis on…
Relational & Dellsons Group Forge Strategic Partnership to Expand Market Presence in Pakistan
Relational, a European-based leading business software provider, and Dellsons Group, a Pakistani well-established business consultancy firm, have announced a strategic partnership aimed at introducing Relational’s innovative business software solutions in Pakistan#39;s financial sector. n this regard, the partnership was formalized with the signing of a Memorandum of Understanding (MoU) at a ceremony attended by senior…
JS Bank partners with Green Agrimall to enable cashless payments in agriculture
Zindigi-leading digital banking initiative of JS Bank, has partnered with Green Agrimall to digitize its payment systems, enabling cashless transactions across the agriculture platform. This collaboration aims to streamline the agricultural value chain, reduce inefficiencies, and save valuable time for farmers and traders. Green Agrimall is a step towards revolutionizing Pakistan’s agriculture through a network…
Worker Remittances to Pakistan Surge 33.6%, Hitting $14.8 Billion in Just Five Months
The workers’ remittances increased by 33.6 percent during the first five months of the current fiscal year as compared to the corresponding period of last year, according to latest data of State Bank of Pakistan. The remittances reached to US$ 14.8 billion during July-November 2024-25 as against the remittances of US$ 11.1 billion received during…
SBP cancels license of an exchange company on breach of law
The State Bank of Pakistan (SBP), cancelled the license of an exchange company on breach of relevant laws and regulations and barred it to undertake any foreign exchange related business activity. The SBP “ on December 09, 2024 has cancelled the authorization/license issued to M/s Al-Hameed International Money Exchange (Private) Limited under the Foreign Exchange…