Easypaisa makes online donations swift and transparent

The nation’s preferred banking institution, Telenor Microfinance Bank has brought together the country’s leading philanthropic organizations under its digital services umbrella to ensure convenient and transparent donation collection for them through its mobile banking platform, Easypaisa. The Bank launched a first of its kind website for donation collections ‘Donate Online’ using Easypaisa’s online payment solution, Easypay, to facilitate over ten leading charitable organization from across the country, including Shaukat Khanum Memorial Cancer Hospital and Research Centre,Edhi Foundation, Pink Ribbon, Sahara For Life Trust, Akhuwat, Zindagi Trust, Aman Foundation, Saylani Welfareand the SOS Children’s Village, Development in Literacy, .

Read the rest

State Bank’s Business Confidence Survey (Telephonic)

State Bank of Pakistan (SBP) regulates the monetary and credit system of Pakistan and fosters its growth in the best national interest with a view to securing monetary stability and fuller utilisation of the country’s productive resources. Like many other central banks, it weighs up the public and firms perceptions about prevailing and expected economic condition, as an important part of its monetary policy formulation process.

Read the rest

Mobile Money Hackathon launches in Karachi”

Key players in the mobile industry in Pakistan are collaborating to host a two-day Mobile Money Hackathon in Karachi on Saturday 7 – Sunday 8 October. Telenor Microfinance Bankand JazzCash, together with the GSMA, will host companies and developers in the financial services industry, including banks, aggregators, payments switches, start-ups, fintech companies and established players, for the weekend challenge of testing and building solutions for harmonised API use cases.

Read the rest

K-Electric promotes energy conservation during magnifi-science exhibition 2017

Aimed at raising awareness about the importance of energy conservation amongst the youth, K-Electric has set up an energy conservation stall at ‘The Dawood Foundation Magnifi-Science Exhibition 2017’. The three-day-long exhibition is being organized at Dawood Public School in Karachi. During the first day of the exhibition, KE’s stall attracted large turnout and educated the students about the measures they can take towards a cleaner and sustainable environment.

Read the rest

NAB investigation against SBP officials

The SBP Act 1956 mandates SBP to regulate the credit system of the country and empowers it through the Banking Companies Ordinance 1962 for this purpose. Using its authority and powers, SBP decided to amalgamate KASB Bank into BankIslami in 2015 after a moratorium was imposed by the Federal Government on its request to safeguard the interests of depositors and to ensure safety and soundness of the banking system of the country.

Read the rest

ECC approves a proposal of 50% of the export package incentive for textile sectors

Prime Minister Shahid Khaqan Abbasi today chaired a meeting of the Economic Coordination Committee (ECC) of the Cabinet at the Prime Minister’s office yesterday. The meeting approved a proposal submitted by the Commerce Ministry to allocate additional quantity of 12 million kilograms of surplus tobacco to all the tobacco companies and dealers on pro-rata basis.

Read the rest

PM approves Karachi Circular Railway project

Prime Minister Shahid Khaqan Abbasi chaired meeting of the Executive Committee of the National Economic Council (ECNEC) at PM Office in Islamabad.

ECNEC approved following development projects:-

1. Financial inclusion and Infrastructure Project at a total rationalized cost of Rs. 14.318 billion.

Read the rest

Pakistani delegates shine at Telenor Youth Forum

Telenor Pakistan has selected two delegates, Sara Waqar and SafaIftikhar, to participate in Telenor Youth Forum (TYF) 2017. TYF is run in cooperation with the Nobel Peace Center that brings together young, talented leaders from 12 countries where Telenor operates, and challenges these youth to find ways to use digital technology for the social good.

Read the rest