IMF loan disbursement to start by August end: Miftah
Federal Minter for Finance, Miftah Ismail said here on Tuesday that loan disbursements under the Extended Fund Facility (EFF) would start by the end of this month as the International Monetary Fund (IMF) board is expected to meet on August 29. Addressing a press conference, the minister said that Islamabad had received Letter of Intent…
Adil Aziz
CDNS, CDC join hands for the issuance of digital Savings Certificates
Central Directorate of National Savings (CDNS) and Central Depository Company of Pakistan Limited (CDC) Friday signed a Memorandum of Understanding for mutually collaborating to convert and issue National Savings Certificates (NSCs) in digital form to reduce physical process flows of different transactions and develop a systematic framework through which NSCs can be inducted into the…
Macro economic stability forthcoming with IMF programme resuming before end of August: Finance Minister
Federal Minister for Finance & Revenue, Dr. Miftah Ismail Tuesday clarified that, “Macro economic stability was forthcoming with the IMF programme resuming before end of August as all conditionalities had been met. Furthermore, the balance of payments position is now well under control. With increased hydel power, lower energy demand and lower oil prices, Pakistan…
Mobilink Microfinance Bank, CBA partner to promote access to digital financial solutions for underserved segments
Pakistan’s largest digital bank, Mobilink Microfinance Bank Limited (MMBL), and CBA, a leading digital distribution platform working to promote micro-entrepreneurship in Pakistan, have joined hands to increase peoples’ access to premium digital financial services across the nation. This partnership will strengthen access to financial products and services through digital platforms and improve financial literacy. Chief…
President urges insurance sector to upgrade digital means, involve Ulema to motivate masses
President Dr Arif Alvi on Thursday urged the public and private insurance companies to advance the use of digital knowledge as per international standards to ensure maximum risk distribution. He also proposed the companies on involving the Ulema (religious leaders) with an aim to encourage people and spread knowledge about the Islamic Takaful (insurance). Addressing…
Rupee rebounds against dollar on positive IMF news
The Pakistan rupee on Wednesday took a big jump of Rs 9.59 against the US dollar in the interbank trading and closed at Rs 228.79 against the previous day’s closing of Rs 238.38. According to the Forex Association of Pakistan (FAP), the buying and selling rates of dollars in the open market were recorded at…
MMBL launches Business Plus Current Account to strengthen financial support to businesses on their path to success
Pakistan’s largest digital Bank, Mobilink Microfinance Bank Limited (MMBL) launched an exciting new product, Business Plus Current Account (BPCA), as part of its strategic goal to keep supporting and strengthening businesses across the nation. Designed to facilitate entrepreneurs, especially Small and Medium-sized enterprises (SMEs), the BPCA provides access to essential financial tools and services to…
Mobilink Microfinance bank relocates Multan branch to promote access to financial solutions to a larger customer base
Pakistan’s largest digital bank, Mobilink Microfinance Bank Limited (MMBL), has expanded its banking operations by relocating its Multan branch to Muslim Gujjar Khadda Road Markaz, to serve its growing customer base and promote access to convenient and customized digital banking and financial solutions to residents and the local business community at one of the busiest…
“Digital aggregators and platforms are the most effective ways to connect with the masses”, CEO TPL Insurance
With an economic storm on the horizon, people in Pakistan are looking toward financial safety. While rising operational costs and competitive premium pricing are an ongoing struggle, customers can opt to insure themselves and their possessions from possible risks. TPL Insurance has disrupted the existing insurance ecosystem with initiatives that have enabled new industry benchmarks…
Agreement to offer Shariah-compliant trading platform to RDA Clients signed
Pakistan Stock Exchange (PSX) and Meezan Bank Limted signed an agreement to provide a dedicated Shariah- compliant trading platform for Roshan Digital Account (RDA) clients. The agreement would facilitate investors who are focused on investing in Shariah approved securities, according to press statement received here from PSX. The Agreement was signed by the Managing Director…