Deposit Protection Corporation doubles the Deposit Guarantee to PKR.1 million
The Deposit Protection Corporation (DPC), increased the guarantee amount for all eligible depositors of its member banks from Rs.500,000 to Rs.1,000,000 with effect from October 01, 2024.
Adil Aziz
P@SHA leaders vow to follow the legacy of former chairman
The newly-elected leadership of Pakistan’s IT association P@SHA has lauded the services of its former leadership, mainly chairman Muhammad Zohaib Khan, for his commendable endeavours for the industry vowing to follow his legacy in true letter and spirit.
Mehfooz
Mobilink Bank introduces climate Shock insurance
Mobilink Bank, has introduced Climate Shock Insurance to protect small and medium-scale farmers and livestock owners from the escalating risks of climate change. Under the initiative, the Bank provides financial security by covering losses to crops and livestock resulting from unpredictable climate catastrophes, enabling farmers to maintain their livelihoods amid growing weather volatility.
Pakistan seeks china’s cooperation in the EV field sector
Pakistan’s Consul General in Shanghai, Shehzad Ahmad Khan, reaffirmed Pakistan’s steadfast commitment to enhancing its bilateral relations with China, with a particular focus on the rapidly growing automotive sector.
FBR give extension the date of filing income tax return: KCCI
President Karachi Chamber of Commerce and Industry (KCCI), Iftikhar Ahmed Sheikh, requested the Federal Board of Revenue (FBR) to extend the last date for filing Income tax Returns by one month to facilitate maximum number of taxpayers in submitting their returns.
Editor
Bank Alfalah win to two GIFA awards in Islamic Sector
Bank Alfalah has earned international acclaim by winning two awards at the 2024 Global Islamic Finance Awards (GIFA), highlighting its position as a leader in the Islamic banking sector.
IMF okay to immediately Pakistan to released first tranche of $1 Billion
The International Monetary Fund (IMF) board has approved the 37-month Extended Fund Facility (EFF) programme of $7 billion for Pakistan and has authorized the immediate release of the first tranche of about $1 billion.
International Partners & POSA organized Conference on the Insurance landscape of Pakistan
The Pakistan Society of Actuaries (PSOA) organized the Conference on “Insurance Landscape of Tomorrow” in collaboration with international actuarial professional organizations. The Institute and Faculty of Actuaries (UK), Society of Actuaries (US) and Casualty Actuarial Society (US) partnered with the PSoA for organizing the Conference. The President-elect of Institute & Faculty of Actuaries UK, Mr. Paul Sweeting, attended the conference in-person while President-elect of SoA joined virtually.
Shifting Gears: Pakistan’s EV ambitions gain momentum with new policy month away
Prime Minister Shehbaz Sharif established a Steering Committee to formulate a comprehensive policy to promote local manufacturing and facilitate the early adoption of electric vehicles (EVs), including New Energy Vehicles (NEVs).
PIAC bidding process to be telecast on Oct 1
The National Assembly’s Standing Committee on Privatization was informed that the bidding process for Pakistan International Airlines Company (PIAC) will be shown live on media on October 1, 2024 after approval by the Cabinet.