VISA aims for 10-fold rise in Pakistani use of digital payments
VISA plans to increase the number of businesses accepting digital payments in Pakistan tenfold over the next three years, the payments giant’s general manager for Pakistan, North Africa and Levant told Reuters.
Adil Aziz
Aurangzeb terms agriculture, IT as mainstay of economy
Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb said that agriculture and information technology (IT) were the backbone of country’s economy and the real levers of economic growth.
Mastercard and UPaisa launch a new debit card to transform the Pakistan payments landscape
Mastercard and UPaisa – a digital and financial app by U Microfinance Bank and Ufone 4G – have launched a new physical and virtual debit card, advancing the digital payments landscape in Pakistan. Consumers can now benefit from a hassle free and secure way to shop online with over 7,500 online merchants in Pakistan and wherever Mastercard is accepted globally.
FBR, LUMS sign MoU on machine learning & data analytics
The Federal Board of Revenue (FBR) and the Technology for People Initiative (TPI) of Lahore University of Management Sciences (LUMS) signed a memorandum of understanding (MoU) to explore future collaboration in the use of machine learning and data analytics.
Editor
Zong launches IDD for USA & Canada
Zong 4G, Pakistan’s leading telecom operator announced the launch of IDD (International Direct Dialing) for USA & Canada to the Apna Shehr Jhelum Hybrid Bundle, exclusively for its customers in Jhelum.
Mehfooz
Consultation Paper on Areas of Improvement in the Public Offering Regime
The Securities and Exchange Commission of Pakistan (SECP) has issued a Consultation Paper on areas of improvement in the public offering regime in order to foster capital formation. The requisite regulatory amendments will be finalized after receiving public feedback and stakeholder consensus.
P@SHA delegation visits PTA Headquarters
A delegation of the Pakistan IT Association (P@SHA) visited the Pakistan Telecommunication Authority (PTA) Headquarters to discuss and deliberate on facilitating a smooth and congenial business environment for IT companies and software houses.
SI Global Signs Partnership with Global Tech Company ProDevice
SI Global Solutions, has signed a strategic agreement with the global tech firm, ProDevice, to become its exclusive partner in Pakistan. This partnership was formalized during a recent signing ceremony in Poland, where CEO of SI Global, Dr. Noman Said, and CEO of ProDevice Global, Tomasz Filipów, signed the partnership agreement.
Zindigi US Dollar-Based Freelancer account sets new standard for Pakistan’s freelance industry
Zindigi, powered by JS Bank, has contributed majorly towards the ecosystem of freelancers in Pakistan by introducing the launch of its US Dollar-Based Freelancer Account, designed to empower Pakistan’s burgeoning freelancer community.
KCCI wants substantial reduction of 500 basis point in policy rate
Chairman Businessmen Group Zubair Motiwala and President Karachi Chamber of Commerce & Industry (KCCI)Iftikhar Ahmed Sheikh have advised the State Bank of Pakistan (SBP) to announce a substantial reduction in interest rate by at least 500 basis points to bring the existing interest rate down to 14.5 percent from the existing 19.5 percent in the next monetary policy statement as the inflation continues to descend to reach 9.6 percent in August whereas the Moody’s recently upgraded local and foreign currency issuer and senior unsecured debt ratings to Caa2 from Caa3.