Easypaisa, the country’s leading branchless banking platform has revamped the utility bills payment section of its App. New features have been introduced along with the addition of various billers such as government payments, educational institutes’ fee payments and credit card payments to make bill payments easier than ever.
The State Bank of Pakistan released its Third Quarterly Report FY20 on ‘The State of Pakistan’s Economy’ today. According to the report, successful stabilization measures that had fostered macroeconomic improvement in Jul-Feb FY20 provided a valuable cushion against the downturn faced from late March 2020 onward in the wake of the COVID-19 outbreak.
State Bank of Pakistan has renewed the status of both credit rating agencies operating in Pakistan namely “VIS Credit Rating Company Limited (VIS)” and “The Pakistan Credit Rating Agency Limited (PACRA)” as eligible / recognized External Credit Assessment Institutions (ECAIs) for the calendar year 2020.
Philip Morris Pakistan Today announced its support to establish a recycling facility as part of its anti-littering efforts. Under the project, the not for profit organization Network of Organizations Working with People with Disabilities, Pakistan (NOWPDP) will establish a plastic recycling facility while building the capacity of persons with disabilities, one of the most vulnerable minorities.
In a statement issued in local press, K-Electric has expressed its grief over the electrocution incidents being regularly reported through local media from Karachi. As a caring corporate entity, KE has been regularly raising precautionary and safety messages about rains for wellbeing of the citizens.
Pak-Qatar Takaful Group in collaboration with IBA-CEIF (Centre for Excellence in Islamic Finance) recently organized a webinar session on understanding Takaful. Mufti Hassaan Kaleeem (Chairman, Shariah Board-Pak-Qatar Takaful Group) and Azeem Pirani (CEO, PQFTL) were the key speakers at the online session.
Al-Ghazi Tractors (AGTL) reported 2QCY20 NPAT PKR270mn (EPS: PKR4.65), compared to a profit of PKR396mn (EPS: PKR6.84) in the same period last year and a profit of PKR166mn (EPS: PKR2.86) last quarter. The result is broadly in-line with our expected EPS of PKR4.44.
Keeping in view the significant potential of Islamic Banking Windows (IBWs) in enhancing the share and outreach of Shariah compliant financial services and increase in financial inclusion, SBP has issued today revised instructions for banks to expand the scope of operations of IBWs.
President Pakistan Businessmen and Intellectuals Forum and All Karachi Industrial Alliance, FPCCI’s Businessmen Panel Sr. Vice Chairman, and former provincial minister Mian Zahid Hussain on Wednesday said the world is heading towards economic famine.
Globally, around 35 percent businesses will go bankrupt due to the pandemic which will be a great challenge to their economics, he said.
The micro-finance programme, in collaboration with Akhuwat, will provide support to the small businesses which are impacted by the ongoing pandemic and its aftermaths. Karachi: METRO Pakistan is all set to launch”Madadgar”, a support initiative, in collaboration with Akhuwat Foundation. Madadgar is an effort to provide moral and financial support to the hardworking people who have lost their business during the current pandemic, lost their job and have no capital to start all over again to earn income and to feed themselves and their families.
Emirates has announced it will resume flights to Nairobi (from 2 August), Baghdad and Basra (from 10 August), expanding its growing network, and offering customers around the world more convenient connections to Dubai, and via Dubai.
This will take the airline’s passenger network to 67 destinations in August, including seven points in Africa and five points in the Middle East.
Telecommunications leaders and experts from Pakistan and across the world recently virtually attended the SAMENA Telecommunications Council Leaders’ Summit to review plans for unleashing the potential of 5G networks to boost economies and societies in a post COVID-19 environment. The Summit was hosted by Huawei for the seventh consecutive year.
Enabling the youth by connecting them to what matters most, Telenor Pakistan has joined hands with Ministry of Information & Technology (MoIT) and Virtual University (VU) to introduce subsidized internet packages for students of DigiSkills Program. DigiSkills is an online training program that seeks to empower the youth with skills that are in-demand.
The market opened on a positive note today with +158pts and posted a total gain of 480pts, ending the session +419pts (unadjusted). The banking sector remained in the limelight, which was further helped by Cement, Refinery, Textile and Chemicals. Profit selling was observed mainly in E&P and Fertilizer sectors.
BASF has signed an agreement of cooperation with the Muhammad Nawaz Shareef University of Agriculture, Multan (MNS-UAM) to support the development of the agricultural industry in Pakistan. Under this agreement, BASF and MNS-UAM will work on product testing as well as research and development.