PQFTL announces appointment of new CEO
Pak-Qatar Family Takaful Limited (PQFTL), a leading provider of Shariah-compliant Family Takaful solutions, has appointed Waqas Ahmad as its new Chief Executive Officer (CEO).
Adil Aziz
Prince Rahim Aga Khan inaugurates HBL MfB’s RHQ Gilgit-Baltistan
Prince Rahim Aga Khan, Chair of the Executive Committee of the Aga Khan Fund for Economic Development (AKFED), has inaugurated new Regional Headquarters of the HBL Microfinance Bank (HBL MfB) for Gilgit Baltistan.
Mehfooz
Jazz introduces Saudi data roaming bundles for hajj pilgrims
Jazz has introduced Saudi data roaming bundles designed to meet the connectivity needs of Pakistani pilgrims during their spiritual journey in Saudi Arabia for Hajj.
Pakistan’s CAD narrowing downs to US $ 0.5 billion
The current account deficit has significantly reduced, narrowing down to US $ 0.5 billion during July-March FY 2024, compared to US $ 4.1 billion in the same period last year.
SBP slashed the policy rate at 20.5 percent
The State Bank of Pakistan slashed the policy rate by 150 basis points to 20.5 percent owing to subsiding inflationary pressure and ease in inflation expectations amid tight policy stance that was also supported by fiscal consolidation and administrative measures by government.
Editor
Jubilee Life Bags Two Accolades Marking the Sixth Consecutive Win at Pakistan Digital Awards 2024
Jubilee Life Insurance, Pakistan’s largest private sector insurance company, secured another win at the Pakistan Digital Awards 2024. The company was honored with the prestigious awards for Best Digital Marketing Communication Videos – Jubilee Life Micro-insurance and Best Digital Campaign – HBLPSL 8 Cricket, marking its sixth consecutive win at this event. The awards were received on behalf of Jubilee Life Insurance by members of the brand and agency team.
SECP Publishes Report Crop and Livestock Insurance in Pakistan
Despite the global prominence of agriculture insurance in over 100 countries, Pakistan’s agricultural insurance landscape remains underdeveloped, accounting for only 2% of the total non-life sector premiums. At present, government-led insurance schemes cover approximately 14% of farmers, necessitating substantial expansion and enhancement. The report provides a detailed review of existing government-led agricultural insurance schemes such as the Crop Loan Insurance Scheme, the Livestock Insurance for Borrowers, and the Punjab Fasal Beema Scheme. It also discusses several pilot initiatives by the private sector.
Easypaisa enables in-app QR payments for sale, purchase of sacrificial animals on Eid-ul-Azha
Easypaisa, is bringing ease and convenience to its users on the Eid-ul-Azha for the sale and purchase of sacrificial animals through its very own in-app Raast-based QR code payment mechanism.
Pakistan, China sign 23 MoUs for cooperation in industry, energy, agriculture
Pakistan and China signed 23 Memorandums of Understanding (MoUs) to deepen bilateral cooperation in multiple areas including transport infrastructure, industry, energy, agriculture, media, health, water, socioeconomic development, and other areas of mutual interest.
Industrialists demand to end killings, street crimes in Karachi
Industrialists demanded the security, law and order authorities to arrest the killers behind the assassination of industrialists and students within 72 hours, otherwise, they will initiate a movement of protest, sit, and strike until the peace is not restored in the city.