Visa expands fast track program to enable next generation of Fintechs to rebuild the global economy

The COVID-19 pandemic has created major financial challenges for businesses and consumers alike. As money management becomes increasingly digital, fintechs play a pivotal role in helping to restore and rebuild the global economy. To provide increased support for the ecosystem, Visa (NYSE: V) today announced two new components of its fintech Fast Track program, “A rich Partner Toolkit to help fintechs accelerate their growth and better serve their customers” and “A certification program called Visa Ready for Fintech Enablers, which makes it easier for fintechs to quickly connect with certified partners for digital issuance and other key services”.

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CEO of Rakaposhi Tours wins PATA Life Member 2020 Award

Lt. Col (Retd) Akbar Shareef, Chairman and CEO of Rakaposhi Tours Private Limited Pakistan, received the Pacific Asia Travel Association (PATA) Life Membership award, during the 69th Annual General Meeting held online.

Currently serving as the Chairman of PATA, Pakistan chapter, the highly esteemed PATA Life Membership award was bestowed upon him in recognition of his significant leadership in the tourism sector and invaluable dedication to PATA.

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The 13th International Urdu Conference

The Governing Body of Arts Council of Pakistan Karachi has approved the Urdu Conference to be held in open spaces within the premises of the Arts Council from December 3 to 6, following the COVID-19 SOPs. The meeting was presided over by President Mohammad Ahmad Shah.

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FPCCI Signs MOU with MUSIAD, Turkey

Federation of Pakistan Chambers of Commerce and Industry (FPCCI) signed an MOU with MUSIAD, Turkey to facilitate trade and business opportunities between Pakistan and Turkey. The Virtual Signing Ceremony was held by video-link. Sheikh Sultan Rehman, Vice President Federation of Pakistan Chambers of Commerce and Industry said that this MOU is the first step towards strengthening and revitalizing trade between Pakistan and Turkey.

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The rising cases of Corona impacts PSX index

Following the rising cases of Corona and partial lock down in different cities, coinciding with the roll-over week, the KSE100 index took heavy bantering that resulted in Index losing 873pts during the session and closing -478pts (unadjusted). O&GMCs, Banks, Cement sector stocks played major role in this drop.

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SBP decided to maintain the policy rate at 7 percent

  1. At its meeting on 23rd November 2020, the Monetary Policy Committee (MPC) decided to maintain the policy rate at 7 percent. The MPC noted that since the last meeting in September, the domestic recovery has gradually gained traction, in line with expectations for growth of slightly above 2 percent in FY21, and business sentiment has improved further.
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