Public holiday on 23rd March in Pakistan
The State Bank of Pakistan will remain closed on March 23, 2024 (Saturday), being a public holiday on the occasion of 'Pakistan Day' as declared by the Government of Pakistan.…
Formite and The Hunar Foundation unite to empower youth and enhance educational opportunities
Formite and The Hunar Foundation have collaborated to empower aspiring youth by enriching educational resources and providing valuable industry experiences. This partnership exemplifies Formite's commitment to corporate social responsibility (CSR)…
SBP’s reserves increased by US$ 105 million
The total liquid foreign reserves held by the country stood at US$ 13,390.7 million as of 15-Mar-2024. The break-up of the foreign reserves position is as under: Foreign reserves held…
Discover how to trust decision’s security solutions on Rapid’s Cloud.
TrustDecision is forging a pivotal partnership with Rapid, Pakistan's leading in-country cloud service provider, to deliver its cutting-edge fraud, credit risk, and compliance solutions. This collaboration will empower commercial banks,…
easypaisa and Unilever’s Knorr join hands to transform the digital payments landscape
In a landmark collaboration, easypaisa, Pakistan's leading digital financial services platform, and Knorr, Unilever's biggest food brand, have joined forces to revolutionize the digital payments landscape. This strategic partnership represents…
Pakistan IT exports up 32% YoY in Feb-2024
Pakistan recorded monthly IT exports of US$257mn, up 32% YoY while down 3% MoM in Feb-2024. These monthly IT exports in Feb 2024 are higher than last 12-month average of US$233mn.…
Pakistan power generation at 47 months low
• Power generation went down by 8.1% YoY to 7,130 GWh (10,244 MW) during Feb'24, compared to 7,755 GWh (11,541 MW) during Feb'23. On MoM basis power generation declined by 14.2%.…
Pakistan’s current account turned positive in Feb-2024.
Pakistan's current account turned positive in February 2024, reporting a Current Account Surplus (CAS) of US$128mn after a notable Current Account Deficit (CAD) of US$303mn in January 2024. CAD for…
Zong 4G empowers users with an all-new notify-me service
Zong 4G, Pakistan's leading mobile network operator, is revolutionizing communication with the launch of its innovative Notify-Me service. This user-friendly service eliminates the frustration of unanswered calls from an unavailable…
CareTech Foundation UK launches Pakistan Special Education Initiative.
A UK-based organization has launched the Pakistan Special Education Initiative (PSEI) to support children with disabilities in accessing quality mainstream education and achieving important life milestones. PSEI, native to the…
IMF staff and Pakistani authorities have reached a staff-level agreement on
Agreement Details: A press release from the IMF on Mar 20th, 2024, confirmed that the IMF staff and Pakistani authorities had reached a staff-level agreement on the second and final…
Karandaaz unveils GreenFin innovations.
Karandaaz Pakistan, a development finance platform at the forefront of promoting financial inclusion and driving digital transformation across the country, announced the launch of GreenFin Innovations (GFI), a groundbreaking initiative…
International donors applaud humanitarian response to 2022 floods, ensure continued support
Humanitarian organizations, United Nations agencies, International donors, and representatives from National and Provincial Disaster Management Authorities gathered here on Tuesday to discuss lessons and reflections from rehabilitation and reconstruction efforts…
Careem introduces in-app donations for customers in the spirit of Ramzan
Careem, the leading ride-hailing platform in Pakistan, has introduced a series of impactful initiatives this Ramzan, using technology as an enabler in the way donations are traditionally made. With the…
Wilmar unit to make further investment in Pakistan-listed Unity Foods
Wilmar Pakistan Holdings Pte. Ltd. ("WPH", a wholly owned direct subsidiary of Wilmar International Limited), Unity Wilmar Agro (Private) Limited ("UWA", a 52% subsidiary of WPH) and certain shareholders of…
Russia-Ukraine war drawing jobless youth in the war game.
Brigadier (retd) Aslam Khan, Chairman of Pakistan Economy Watch (PEW), said on Tuesday that unemployed youth from poor nations are joining the Russia-Ukraine war in large numbers. He said human…
KATI rejects gas tariff increase; calls for industrial relief
Johar Qandhari, President of the Korangi Association of Trade and Industry (KATI), has vehemently opposed the proposed hike in gas prices for industrial consumers. Speaking out against the measure, Qandhari…
Spotify celebrates a decade of bringing K-pop to the world.
Spotify celebrated the anniversary of its global K-Pop flagship playlist, K-Pop ON! , which is dedicated to giving listeners a platform to discover and tune in to the best of the genre. To…
ACCA celebrates the power of neurodiversity in the workplace
Results from a major survey of the accountancy profession suggest that employers' focus on aspects of diversity must be more balanced. 41% of all respondents expressed concerns that their organisation…
YADEA Pakistan and Bank Alfalah strive for eco-friendly transportation solutions
Yadea Pakistan, a global leader in electric bikes, and Bank Alfalah have joined hands in a special partnership by signing a Memorandum of Understanding (MoU) to provide its customers with…
PSA strictly adheres to the regulatory framework
Pakistan Solar Association (PSA), the leading trade body dedicated to advancing solar energy in Pakistan, reaffirms its commitment to its mission despite recent attempts to tarnish its reputation. With over…
foodpanda pledges to donate to Gaza for every run and wicket scored by Islamabad United
foodpanda, Pakistan's leading delivery platform, has announced another round of donations to support relief efforts in Gaza during today's Pakistan Super League (PSL) final between Islamabad United and Multan Sultans.…
KATI urges Sindh Govt to prioritize industrial zone development budget
Johar Qandhari, President of the Korangi Association of Trade and Industry (KATI), congratulated the newly elected ministers of the Sindh cabinet, emphasizing the urgent need for the Chief Minister to…
Pakistan Economy – LSMI up 1.8% YoY in Jan’24
The recent data released by the Pakistan Bureau of Statistics reveals a jump in the production of Large Scale Manufacturing Industries (LSMI) for Jan'24, indicating a 1.8% increase compared to…
SBP decided to keep the policy rate unchanged at 22%
Monetary Policy Statement At its meeting today, the Monetary Policy Committee (MPC) decided to keep the policy rate unchanged at 22 percent. In approaching today's decision, the Committee noted that…
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