JazzCash introduces payment-via-link, simplifying business transactions
JazzCash, Pakistan’s largest fintech organisation, has unveiled Payment-via-Link, a feature set to simplify payments, particularly for small business owners.
Mehfooz
Jazz witnesses over 19% USD revenue growth in 1Q 24
After eight consecutive quarters of negative USD revenue growth, Jazz, one of Pakistan’s leading digital operators reported a notable 19.2% revenue increase in USD for the first quarter of 2024 (1Q24).
Adil Aziz
NAC approves provisional GDP at 2.38% for fiscal year 2023-24
The National Accounts Committee (NAC) approved the provisional growth of the Gross Domestic Product (GDP) of the country at 2.38 per cent for the ongoing fiscal year (2023-24). The approval was accorded in the 109th meeting of the NAC.
Editor
PMEX striving to automate, digitize country’s commodity market
The Chief of business of Pakistan Mercantile Exchange (PMEX) Zaki Ur Rehman said that PMEX is striving to automate and digitize the commodity market and also working on future markets to promote innovation and competitiveness in the country’s economy.
CPEC a game-changer in strengthening Pakistan’s Economy
Federal Minister Rana Tanveer Hussain inaugurated the Rachna Industrial Park in Sheikhupura. Addressing the ceremony on the occasion, the federal minister highlighted the importance of economic zones in transforming economies around the world and leading nations towards prosperity. He emphasized that industrial development plays a significant role in shaping the economic landscape of the country.
Pakistan’s IT exports surges to stunning $310 Million in April
Minister of State for IT and Telecommunication Shaza Fatima Khawaja in a statement said that it is for the first time in the history of Pakistan that IT exports saw this outstanding increase just in one month. ICT export remittances have surged to US$ 2.593 billion during July 2023 to April 2024.
SECP unveils a comprehensive framework for digital lenders to launch innovative products
The revised framework introduces a host of new product verticals tailored to meet the evolving needs of borrowers and further strengthening the cyber security standards. Noteworthy among these innovations are the introduction of Embedded Lending through APIs, Buy Now Pay Later services, and Employer Integrated Earned Wage Access.
Salaam Family Takaful Limited obtains license to operate as first ever digital only Islamic Life Insurance provider
The coveted license was handed over to Rizwan Hussain, MD and CEO of Salaam Family Takaful Limited by Akif Saeed, Chairman, Securities and Exchange Commission of Pakistan (SECP) in the presence of Salaam Family Takaful’s Shariah board, and their endorsement signified that the new organization with its operations and offerings were completely Shariah compliant.
Pakistan’s textile exports is lightly decline comparatively from last year
Pakistan earned $ 13,683.251 million from textile exports in ten months of current fiscal year 2023-24, reported by Pakistan Bureau of Statistics.
Commerce Minister discuss with businessmen’s to issues facing exporters
The meeting focused on creating actionable solutions by directly engaging with stakeholders and relevant government bodies on matters periodically communicated by chambers of commerce, the Pakistan Business Council (PBC), the business community, and the Trade Development Authority of Pakistan (TDAP) to the ministry.