Khushhali Microfinance Bank strengthening digital stack by their newly deployed API Gateway

Khushhali Microfinance Bank is pleased to announce its recently deployed API Manager/Gateway as part of its strategy to implement a Digital Stack. The API Gateway provides an open API standard-based interfacing mechanism for seamless integration with Fintechs and other partners.

The API Gateway is primarily designed to deliver agility, security, monetization, analytics, and overall lifecycle management of APIs using a structured and easy-to-use mechanism.… Continue

Dutch ambassador visits FCEPL’s dairy plant

The Ambassador of Kingdom of Netherlands to Pakistan, Mr. Wouter Plomp, visited FrieslandCampina Engro Pakistan Limited’s state of the art manufacturing facility in Sahiwal this week for a guided tour of the dairy plant and farms.

During the tour, Mr. Plomp was given a thorough briefing on the operations, from milk procurement, milk collection, and quality checks to supply chain and production.… Continue

REDRETAIL and 1LINK sign agreement to enable bill payments across retail stores in Pakistan

REDRETAIL (JV of REDtone Group & iDMission LLC) and 1LINK recently signed an agreement to enable bill payments across retail stores in Pakistan. By virtue of the agreement, REDRETAIL will be assuming the role of bill initiator using 1LINK’s Bill Payment Service (BPS) which is host to over 1,000 billers and enables entities to collect fixed/invoice based and variable/top-up payments.… Continue

Parwaaz launches four new skilling programs to upskill the national workforce

Parwaaz has rapidly built partnerships with the country’s leading businesses to identify their workforce demands and train workers in industry required skills. Most recently, it collaborated with HBL, Systems Limited, Engro Corporation, and Pakistan Agriculture Coalition to upgrade the roles of Farm Managers, Crop Advisors, Cybersecurity Specialists, and Full Stack Developers, under its Agriculture & Foods, Financial Services, and ICT sectors skills incubators.… Continue

Nestlé Pakistan celebrates World Food Safety Day

In order to raise awareness regarding food safety, Nestlé Pakistan organized a live webcast on ‘World Food Safety Day’ along with Pakistan Council of Scientific and Industrial Research (PCSIR). The theme of the virtual event was ‘Safe food now for a healthy tomorrow’, which is also this year’s theme by World Health Organization.… Continue

Governor Punjab praises FPCCI’s role in economic development

Mian Nasser Hyatt Maggo, President FPCCI, has thanked Chaudhry Mohammad Sarwar, Governor Punjab, for hosting a high-profile delegation of FPCCI with an open-heart and realization of the business, industrial, and trade community’s role in economic development of the country.

Mian Nasser Hyatt Maggo took this opportunity to highlight some glaring anomalies in the Federal Budget 2021-22.… Continue

Pakistani exporters can sell products through international digital marketplaces

Continuing with the agenda of modernizing foreign exchange regulations, State Bank of Pakistan has proposed changes in its regulatory instructions for exports of goods from Pakistan. These changes aim at promoting ease of doing business by simplifying the existing instructions. The key amendments proposed include framework for facilitating Pakistani exporters to sell their products through international digital marketplaces including Amazon, e-Bay, Ali Baba under Business to Business to Consumer (B2B2C) e-Commerce model.… Continue

Free services to save premature infants from going blind in JPMC, through the support of PAF

Retinopathy of Prematurity (ROP) is responsible for blindness in an estimated number of 50,000 children in the world every year. Pakistan is at the brink of an epidemic of blindness due to Retinopathy of Prematurity (ROP).

ROP is a potentially blinding eye disorder which fundamentally affects premature infants who are born before 35 weeks or are less than 2 Kgs in weight.… Continue

Jazz to assist NCOC in its nationwide vaccination campaign

Following meetings with the National Command and Operation Centre (NCOC), Jazz is mobilizing its resources to carry out a nationwide awareness campaign, urging Pakistanis to get vaccinated. The decision were taken in light of the NCOC’s announcement and commitment that coronavirus vaccines will be mandatory for all public and private sector employees, so the country remains on course to reopen all sectors of the economy as soon as possible.… Continue

Builders’ community condemns violent incident at Bahria Town Karachi

According to a statement, AAA Associates and the Real estate/Builder community held a press conference in press club Islamabad. They requested the Government to take action against the alleged culprits behind the Bahria Town Karachi incident. The Press Conference attended by AAA Associate’s Chairman Mr Sheikh Fawad Bashir and Leaders from the Real estate community, including Sardar Tahir, Ejaz Khan, Rana Ahsan and Adeel Malik, to raise their voices against the Karachi incident, which has shocked the real estate community across the Country.… Continue

KCCI comments on Federal Budget FY22

Chairman Businessmen Group Zubair Motiwala along with Vice Chairmen BMG Haroon Farooki and Anjum Nisar, President KCCI Shariq Vohra, Senior Vice President Saqib Goodluck, Vice President Shamsul Islam, Former Presidents Majyd Aziz, Abdullah Zaki, Younus Muhammad Bashir, Shamim Ahmed Firpo & Junaid Esmail Makda, Former SVP Jawed Bilwani, Former VP Muhammad Idrees, Nusair Siraj Teli and others addressing a post-budget press conference after listening to the speech of Finance Minister here at KCCI Auditorium on Friday.… Continue

Salient features of the Pakistan Federal Budget 2020-21

The outlay of next year’s budget is;

a) Total revenues are projected at Rs 6,573 billion including FBR revenue of Rs 4,963 billion and non tax revenue of Rs 1,610 billion.

b) Transfer to provinces under the NFC Award is estimated at Rs 2,874 billion

c) Net Federal revenue is estimated at Rs 3,700 billion

d) Total federal expenditure has been estimated at Rs 7,137 billion

e) Budget deficit is projected at Rs 3,437 billion which is 7 % of the GDP with primary balance at -0.5%… Continue