NdcTech, a premium technology services firm transforming banks and financial institutions globally has successfully modernized the core banking system of Samba Bank onto the latest release of Temenos Transact. Samba Bank Limited is a subsidiary of Saudi National Bank (SNB) KSA in Pakistan, offering personal and corporate banking services, including current and savings accounts, loans investments and a host of digital services.… Continue
Author Archive: Siddiqi
Everything except nuclear assets have been pledged: Mian Zahid Hussain.
On Monday, the Chairman of National Business Group Pakistan, President of Pakistan Businessmen and Intellectuals Forum, All Karachi Industrial Alliance, and former provincial minister Mian Zahid Hussain said Pakistan had placed too much trust in international institutions and friendly countries as a result of which the economy and people are suffering.… Continue
Tamasha launches its first original series, ‘Family Bizniss’,
Pakistan’s largest homegrown OTT platform, Tamasha, has launched its first-ever original series, “Family Bizniss”, in collaboration with Big Bang Entertainment. The launch event was recently held at the Jazz Digital Headquarters attended by Kaan Terzioglu, CEO of VEON Group; Aamir Ibrahim, CEO, Jazz; Aamer Ejaz, Chief Digital Officer, Jazz; and leading actor and producer of the series, Fahad Mustafa.… Continue
Bank Alfalah introduces Instant Credit Cards through Alfa App.
Bank Alfalah, one of the leading commercial banks in Pakistan, has announced Instant Credit Card (ICC). Instant Credit Cards offer a completely automated digital application journey that allows both liability and existing credit card customers to apply for a credit card, complete the screening and credit bureau checks, and receive approval in less than five (5) minutes.… Continue
A weak agricultural sector would never allow the economy to grow.
The Pakistan Economy Watch (PEW) on Monday said the plight of the agricultural sector would never allow the economy to develop. Inflation and poverty are continuously increasing due to collapsing agri sector, the food security situation is deteriorating, and the import bill of agricultural inputs is rising, it said.… Continue
The business week started with a mixed session at the PSX today.
· The business week started with a mixed session at the PSX today. The benchmark KSE-100 index started in the red, but trends gradually shifted as the index traded both ways, as delayed review of the IMF’s Extended Fund Facility and ongoing political uncertainty kept investors at bay, resulting in a drop in volumes across the board.… Continue
Ufone 4G launches WhatsApp service for hassle-free customer experience
Ufone 4G, the leading mobile company of Pakistan, is proud to unveil its WhatsApp Chatbot to enhance interactions with millions of customers, powered by leading Cloud communication platform E.Ocean. Customers can now avail various telecom services instantly and enjoy a superior digital experience by simply sending a message via WhatsApp on 03311333100.… Continue
This Ramzan care is just a tap away with easypaisa!
Channeling the true spirit of Ramzan, easypaisa, Pakistan’s leading payments & savings, lending and platform service, is enabling its customers to donate with ease and convenience to more than 30 charitable organizations across Pakistan.
During the holy month of Ramzan, easypaisa, the leading payments, savings, lending, and platform service in Pakistan, is embracing the true spirit of the occasion by providing its customers with an effortless and convenient way to donate to over 30 charitable organizations throughout the country.… Continue
Spotify’s EQUAL Pakistan marks its first anniversary, announcing Tina Sani as the Ambassador of the Month
Marking its first anniversary, EQUAL Pakistan has honored the classical maestro, Tina Sani, as the Ambassador for the Month of March 2023. Celebrating a year of honoring both legendary and rising women musicians from the local space, EQUAL Pakistan has set a grand stage for artists and their astounding performances.… Continue
KATI to organize first ‘Made in Korangi’ exhibition for international buyers, President Faraz-ur-Rehman
Consul General of Indonesia in Karachi, Dr. June Kuncoro Hadiningrat, has said that Pakistan can gain access to ASEAN countries through trade with Indonesia. In October this year, an international exhibition is being held in Jakarta, in which Pakistani exporters can take full part.… Continue
HMB showed tremendous growth with PBT up by 28%YoY
Habib Metropolitan Bank Limited hosted a corporate briefing for CY22, today. Following are the key takeaways:
During the year, HMB showed tremendous growth with PBT up by 28%YoY, Advances up by 9%YoY, and Current deposits up by 14%YoY. The bank posted a highest-ever PAT of PKR14.3bn (EPS PKR13.61) against PKR13.5bn (EPS PKR12.84), showing a surge of 5.92%YoY coupled with a significant rise in interest earned by 81.4%YoY to clock in at PKR133bn in CY22 as compared to PKR73.3bn.… Continue
Zonergy High-performance products displayed in key energy 2023 Exhibition of Italy
Zonergy Corporation, along with its distributors WIBY and Desasolar, exhibited high-performance Smart energy products in Key Energy 2023 Rimini, the International Expo on Energy and Sustainable Mobility, which was held from 22 to 24 March 2023 at the Rimini Exhibition Centre of Italy that grabbed visitors’ attention.… Continue
Indus Hospital & Childlife foundation sign MoU
Indus Hospital Health Network (IHHN) & ChildLife Foundation have signed an MoU, for both leading nonprofit health organizations to share best practices particularly Telemedicine. Moreover, both organizations will also collaborate and develop a mechanism for patient referral at each other’s facilities.… Continue
Engro Foundation recognises NDF, ConnectHear with IATC Impact Awards 2022
Engro Foundation, the social investment arm of Engro Corporation, has announced National Disability & Development Forum (NDF) and ConnectHear as the two recipients of I Am The Change (IATC) Impact Awards 2022.
Initiated in 2012, IATC is the flagship initiative of Engro Foundation to recognize and reward philanthropic and social enterprises that are creating an impact in the development sector.… Continue
Pakistanis worry about jobs and inflation and are tired of political conflict.
On Sunday, former Vice President of FPCCI Atif Ikram Sheikh said the Pakistanis are worried about their jobs and increasing inflation and are fed up with endless political wrangling. Politicians have crossed all boundaries of morality in the race to humiliate each other.… Continue
Social Champ gives back to the community through philanthropic initiatives and mentorship programs.
Social Champ, the Martech startup providing social media management solutions, is breaking new ground in corporate social responsibility and setting an example for other businesses. Social Champ partnered with Pledge1% to dedicate its time and product to various philanthropic causes as part of its social responsibility commitment.… Continue
Paperless and customer friendly – KE launches digital stamp on e-bills!
K-Electric has taken another innovative step towards moving to a paperless ecosystem, by introducing digital stamps for customer bills. This will allow customers to maintain digital proof of payment of KE bills, with the record accessible from KE Live App, Website, and WhatsApp Self Service Portal.… Continue
Standard Chartered launches first sustainable trade export LC Programme.
Standard Chartered Bank (Pakistan) Limited (SCBPL) has launched Pakistan’s First Sustainable Trade Export LC Programme. SCBPL is supporting Louis Dreyfus Company (LDC) export cotton sourced through the world’s leading cotton sustainability certification programme, the Better Cotton Initiative (BCI). With Standard Chartered’s focus on helping companies accelerate to net-zero and closing funding gaps for sustainable and green finance in emerging markets, SCBPL was the bank of choice for LDC, given LDC’s own commitment to work towards a safe and sustainable future in Pakistan.… Continue
IMF never-ending demands are hitting Pakistan’s economy: Mian Zahid Hussain
On Friday, the Chairman of National Business Group Pakistan, President of Pakistan Businessmen and Intellectuals Forum, All Karachi Industrial Alliance, and former provincial minister Mian Zahid Hussain said political instability and the endless power struggle had destroyed the economy. The political frictions have become a threat to national security, which has become at stake, he said.… Continue
The PSX concluded the week with a negative session
· The PSX concluded the week with a negative session. The market started off in the red zone and continued to trade in the negative territory for the majority of the trading session, shedding 453.21 points during the day due to the prolonged SLA between the government and IMF to unlock 9th tranche of the Extended Fund Facility.… Continue
Pakistan and Malaysia to promote bilateral trade, President KATI Faraz-ur-Rehman
Consul General of Malaysia posted in Karachi Harman Hardaynta bin Ahmed says that more than 10 thousand Pakistani products are included in the list of free trade agreements while 6 thousand products have been added by Malaysia. However, 10 new items are being registered in Pakistani products, with salt at the top.… Continue
SBP reserves increased by US$ 280 million to US$ 4.598 billion
The total liquid foreign reserves held by the country stood at US$ 10,139.2 million as of 17-Mar-2023. The break-up of the foreign reserves position is as under:
- Foreign reserves held by the State Bank of Pakistan: US$ 4,598.7 million
- Net foreign reserves held by commercial banks : US$ 5,540.5 million
- Total liquid foreign reserves : US$ 10,139.2 million
During the week ended on 17-Mar-2023, SBP received US$ 500 million as GoP commercial loan disbursement.… Continue
Etihad Group organizes live balloting & early possession ceremony of Etihad Town Phase 2
Recently, Etihad Group organized a live balloting event for its new housing project, Etihad Town – Phase 2. The event was open to all customers that had previously acquired plot files in the project — with possession of plots expected within 6 to 8 months. … Continue
National Foods’ “Signature Dish” brings unsung chefs to the limelight.
National Foods Limited has launched The ‘Signature Dish’ campaign to highlight the unsung heroes of Pakistan’s culinary world. The Food Services Division of National Foods pays tribute to the legendary chefs who are masters in their field and are behind the delicious cuisines made in popular restaurants of Pakistan.… Continue
AAA Associates promotes grass root level golf in Pakistan
AAA Associates has become the beacon of sports, especially golf, as it has sponsored multiple golf events nationwide. Its interest as a private sector leading vertical real estate development firm shows its passion for the revival of sports in Pakistan. In this context, AAA Associates organized a grand golfing event at Rawalpindi Golf Club in which hundreds of players participated. … Continue