NBP Rules out misleading reports of Rs. 1.5 billion fraud at the bank

Media reports have implied that a fraud of Rupees 1.5 billion was committed at National Bank of Pakistan and that the bank incurred a loss of this amount. National Bank of Pakistan firmly denies these allegations. In some media reports it is also implied that National Bank of Pakistan has caused a loss to our valued client, Abandoned Properties Organization (APO).… Read the rest

PSO Outlet staff’s excellent emergency preparedness averts major disaster

Pakistan State Oil commends the efforts of its outlet’s staff whose prompt response helped extinguish a huge blaze that caught a passenger coach en route up-country form Karachi on Super Highway on Wednesday, December 28, 2016. In a desperate attempt to secure precious human lives, the coach-driver resorted to moving the burning coach to a nearby PSO outlet for rescue but the vigilant and HSE-trained outlet staff prevented its entry into the outlet to avert further disaster.Read the rest

Easypaisa Joins Forces with EFU Life for Insurance Premium Collection

Easypaisa has entered into an agreement with EFU Life Assurance Ltd. under which Easypaisa will extend its services to accelerate insurance premium collection from EFU Life’s clientele through Easypaisa’s ubiquitous network across Pakistan. The agreement was signed by Muhammad Yahya Khan, Head of Easypaisa, and Taher G Sachak, MD & CEO, EFU Life Insurance.Read the rest

NBP makes significant strides in PMYBL Scheme as disbursements soar to Rs 15 billion

Loan disbursements of the National Bank of Pakistan (NBP) under the Prime Minister Youth Business Loan (PMYBL) scheme rose to approximately Rs.15 billion with total number of borrowers exceeding 14,700 by December, 28 2016. “NBP effectively improved its internal processes for disbursement, and as a result we have witnessed significant growth in loan figures disburse under the PMYBL scheme,” said the NBP spokesperson.Read the rest

TPL Life Insurance introduces an Exclusive Flagship TPL Life Lounge & Healthcare Services at Ziauddin Hospital

TPL Life Insurance is now providing access to an exclusively designed TPL Life Lounge & Healthcare Services for its customers at Ziauddin Hospital. The unveiling ceremony of the newly opened TPL Life Lounge at Ziauddin Hospital took place with the core management of TPL Life Insurance and various dignitaries of the hospital present.Read the rest

Zong mini CSC officially launched at LUMS

Zong, Pakistan’s No 1 Data Network has partnered with Pakistan’s leading educational institute, Lahore University of Management Sciences (LUMS) to officially launch a mini sales and service center exclusively for LUMS.


LUMS students, faculty members and visiting students will now be able to avail the latest offers and services of Zong at their very-own centre.Read the rest

President Karachi Chamber of Commerce & Industry (KCCI) Shamim Ahmed Firpo presenting KCCI’s crest to Federal Insurance Ombudsman M. Raeesuddin Paracha at the Seminar on “Public Awareness about dispute resolution mechanism of Federal Insurance Ombudsman” at KCCI. Senior Vice President KCCI Asif Nisar, Vice President KCCI Muhammad Younus Soomro and others are also present at the picture.Read the rest

Hamdard gets FPCCI Export Award 2016

Dr. Navaid ul Zafar, Managing Director, Hamdard Laboratories (Waqf) Pakistan receiving FPCCI Export Award 2016 on the best export of Rooh Afza from Prime Minister of Pakistan Muhammad Nawaz Sharif in the 40th FPCCI Export Award Ceremony held at a Pak-China Friendship Centre Islamabad.Read the rest

JazzCash and HomeSend Partner for Collection of International Remittances

JazzCash, Mobilink’s Mobile Financial Services arm, has teamed up with HomeSend to let its users receive international remittances directly in their Mobile Accounts. JazzCash is the first mobile financial service provider to integrate with HomeSend and offers real-time transfers. Customers can then cash-out from JazzCash’s 65,000-strong agent network, Jazz Experience Centers, Jazz Points, Mobilink Microfinance Bank branches (MMBL) and ATMs across Pakistan.Read the rest

VimpelCom and Dhabi Group announce completion of Mobilink and Warid deal

 VimpelCom, Global Telecom Holding (GTH), together with Warid Telecom Pakistan and Bank Alfalah (Dhabi Group shareholders), have received the approvals from Islamabad High Court to merge Pakistan Mobile Communications Limited (Mobilink) and Warid Telecom (Warid). Earlier this year Mobilink and Warid had received approvals from Pakistan Telecom Authority, Competition Commission of Pakistan, Securities and Exchange Commission Pakistan, local and international creditors and State Bank of Pakistan.Read the rest

Telenor Khushaal Zamindar wins PIF award

Pakistan’s premier telecom and digital services provider, Telenor Pakistan’s mobile-agriculture service ‘Khushaal Zamindar’ has bagged the prestigious Pakistan Innovation Foundation (PIF) Award in the ‘Agri & Rural Innovation’ category at the 3rd Annual Pakistan Innovation Forum 2016. Poised to be Pakistan’s first mobile-agri service, ‘Khushaal Zamindar’ offers a host of solution-focused and ground-breaking advisory services which aim to facilitate increase in agricultural yield and trigger robust growth in the agriculture sector of Pakistan.… Read the rest