Mobilink Bank bags ‘Best Digital Banking Services’ Award at CFA for two years running
Mobilink Bank, has secured the prestigious title of ‘Best Digital Banking Services’ (Microfinance Category) at the 21st Annual Excellence Awards hosted by CFA Society Pakistan. This marks the Bank’s second consecutive win, claiming the same honor last year, solidifying its position as a leader in digital banking innovation.
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PTA conducts raids against telecom companies involved in illegal activities
Pakistan Telecommunication Authority (PTA) Zonal Office Faisalabad, in collaboration with the Federal Investigation Agency (FIA) Cyber Crime Circle Faisalabad, conducted successful raids on two franchisees of telecom companies in Jhang City and Garh Moor, District Jhang respectively.
Mehfooz
Jazz leading Pakistan’s digital transformation
Jazz CEO Aamir Ibrahim has said that Jazz, a leading Telecommunication Company is playing a central role in advancing Pakistan’s digital and financial inclusion.
Adil Aziz
SECP extends Companies Regularization Scheme
The Securities and Exchange Commission of Pakistan (SECP) has to extend the Companies Regularization Scheme by one month.
Pakistan Stock Exchange: KSE-100 Index crosses 80,000 points
This bullish trend come on Friday (Sept 13) on PSX, where KSE-100 index reaches 80,016 points. Yesterday, PSX index has closes on 79,017 points.
2 percent cut in interest rate not in line with declining trend in inflation
Acting President Karachi Chamber of Commerce & Industry (KCCI) Altaf A. Ghaffar, while commenting State Bank’s decision to reduce the interest rate by 2 percent to 17.5 percent, stated that although KCCI was expecting substantial reduction in interest rate by at least 5 percent but it has been reduced by 2 percent only which neither enough nor in line with the declining trend in inflation which has come down to single digit.
SBP cut to interest rate 200 bps to at 17.50pc
Monetary Policy Committee (MPC) decided to cut the policy rate by 200 bps to 17.5 percent, effective from September 13, 2024. Both headline and core inflation fell sharply over the past two months. The pace of this disinflation has some what exceeded the Committee’s earlier expectations, mainly due to the delay in the implementation of planned increases in administered energy prices and favorable movement in global oil and food prices.
Mobilink Bank partners with Mercurial Minds to accelerate financial transformation
Mobilink Bank, announced a strategic partnership with Mercurial Minds (M.M.), a leading provider of intelligent automation solutions. This collaboration marks a significant milestone in Mobilink Bank’s journey towards digital transformation, as the Bank strives to enhance operational efficiency, improve customer experiences, and solidify its position as a leader in the microfinance sector.
Cars’ sale up 27% during July-August 2024
The sale of cars during the first two months of the current financial year 2024-25 increased by 27.70 per cent compared to the same months of last year, a recent data released by Pakistan Automobile Manufacturing Association.
CCP enforces ‘Competition Law’, Rs.27 Million in penalties recovered
The Competition Commission of Pakistan (CCP) has successfully recovered Rs.27 million in penalties from Reliance Paints and Pakistan Steel Mills (PSM) by exercising its authority under Section 40(2)(a) of the Competition Act, 2010, through the attachment of their bank accounts.