Meta’s educational ‘Chai Chats’ series is set to foster digital literacy in Pakistan

Meta, in collaboration with the Pakistan Telecommunication Authority (PTA), has launched an educational series, ‘Chai Chats’ to create awareness among young Pakistani Facebook users on digital literacy and social cohesion through improved digital experiences.  The series features a close-knit group of university friends encountering difficult online situations which they overcome with grace, friendship, and humour to inspire and persuade youth to adopt a positive and responsible online behaviour.… Continue

BankIslami proudly sponsors Bahria’s BSPC Talks ‘Voice of Youth’

BankIslami, Pakistan’s leading Islamic financial institution, served as the title sponsor for Bahria Society of Professional Communication (BSPC) Talks, a platform where captivating stories and ideas are exchanged that have the potential to transform the listeners’ lives. BSPC is a student-run society at Bahria University that focuses on the development of communication skills among its members by organizing various workshops and seminars.… Continue

THF & SBTE sign MoU to create a skilled Pakistan

The Hunar Foundation (THF), Pakistan’s largest Not-For-Profit Organization in private TVET sector, and Sindh Board of Technical Education (SBTE) recently signed a Memorandum of Understanding at the THF Korangi Corporate Office.

While The Hunar Foundation (THF) prioritizes opportunities for underprivileged and marginalized segments of the society to train and equip them with in-demand and employable skills, the SBTE’s vision is to provide a certified skilled workforce for the economic development of Sindh province and the country by providing quality assessment and well-recognized certification and facilitate competency-based training as per employer/industry needs.… Continue

PSX market Review for the week

The outgoing week witnessed lackluster activity in the KSE-100 index primarily due to prolonged uncertainty on the resumption of IMF program, high twin deficits, runaway inflation and rising political noise. Despite tough measures being taken by the govt. in the form of reversal of energy subsidies and major taxation changes in the budget, several steps were still needed to be taken to convince the IMF and get the program back on track.… Continue

KE announces revised load shedding timings

In light of the ongoing power supply constraints, K-Electric announced a rationalized load shed schedule for its customers. The revised plan is effective July 1, 2022. This step is being taken to provide relief to customers experiencing night-time loadshed in high-loss areas.… Continue

KCCI seeks early implementation of Interest-Free Banking

Chairman Businessmen Group in the KCCI, Zubair Motiwala, and KCCI President, Muhammad Idrees have extended gratitude to Prime Minister Shahbaz Sharif for taking interest in the implementation of the Federal Shariah Court’s decision of introducing Riba Free banking in Pakistan. They have requested the government to introduce interest free banking in Pakistan according to the Islamic Principles and implement the court’s decision in true letter and spirit. … Continue

Mobilink Microfinance Bank to offer Adamjee Life Assurance products to customers across its nationwide branch network

Mobilink Microfinance Bank (MMBL), Pakistan’s Largest Digital Bank has signed a Term Life Insurance Memorandum of Understanding (MoU) with the country’s leading insurance service provider, Adamjee Life Assurance. This strategic partnership is designed to promote enhanced access to premium insurance products from Adamjee’s portfolio for customers in unserved and underserved regions through MMBL’s vast nationwide branch network.… Continue

U.S. and FC KPK officials inaugurate new training facilities, sign agreement for $10.5 million projects

United States Assistant Secretary of State for International Narcotics and Law Enforcement Affairs (INL) Todd D. Robinson and the U.S. Embassy in Pakistan INL Section Director Mark Tervakoski joined Inspector General of Frontier Corps Khyber Pakhtunkhwa South Major General Muhammad Munir Afsar, Deputy Inspector General of Frontier Corps Khyber Pakhtunkhwa North Major Brigadier Sajid Majeed, and other senior Frontier Corps leadership as they inaugurated new training structures and signed an agreement for two joint projects worth approximately $10.5 million (2.1 billion PKR) on July 1, 2022. … Continue

Walee-Nust launches Pakistan’s first center of excellence for social and digital media technologies

Walee Technologies Pvt. Ltd. (Walee), Pakistan’s leading influencer marketing technology company, and the country’s top academic institution, the NUST School of Electrical Engineering & Computer Science (SEECS) have established Pakistan’s first industry-academia Center of excellence to develop innovative social and digital AI-driven solutions and deeper intelligence to serve the USD100 billion* global creator economy.… Continue

Film Academy (OSCARS) invites filmmaker Mohammed Ali Naqvi as a member

The Academy of Motion Pictures Arts and Sciences has invited distinguished members of the global film community to join the organization under various categories and our very own Mohammed Ali Naqvi is one of them. Recognizing his talent and vision, international acclaim and numerous awards in documentary and film making, Naqvi has been invited to become a member of the Oscars under the category of documentaries.… Continue

Meezan Bank expands its ATM Network to 1,000

Meezan Bank, Pakistan’s leading Islamic bank, has installed its 1,000th Automated Teller Machine (ATM). This landmark cash dispensing terminal has been installed at Chashma in District Mianwali. Since its inception, the bank has expanded its ATMs across Pakistan’s rural and semi-urban regions, providing round-the-clock access to cash and furthering basic banking and financial inclusion for the masses.… Continue

GATM to install 20MW solar plant by FY23

Gul Ahmed Textile Mills Limited (GATM) announced that the IPO of IDEAS (subsidiary of GATM) will be done once the environment is conducive and the company can draw better valuations.

The management held it analyst-briefing session today to discuss recent financial result and future prospects.… Continue

SBP’s reserves increased by US$ 2,071 million

The total liquid foreign reserves held by the country stood at US$ 16,195.6 million as of 24-Jun-2022. The break-up of the foreign reserves position is as under:-

Foreign reserves held by the State Bank of Pakistan: US$ 10,309.0 million

Net foreign reserves held by commercial banks    : US$ 5,886.6 million

Total liquid foreign reserves                 : US$ 16,195.6 million

During the week ended on 24-Jun-2022, SBP received proceeds of CDB loan amounting to RMB 15 billion.… Continue