Khushhali Microfinance Bank has announced that they have signed an agreement to acquire the leading Core Banking System by Temenos (the software specialist for banking and finance). The system will be implemented by National Data Consultant (NDC) a specialized Fintech solution provider and Temenos Certified Partner in the MEA region.… Continue

Mr. Zubair Tufail President FPCCI is Presenting FPCCI Crest to Mr. Jiao Casta. Ambassador of Portugal, Mr. Irfan Ahmed Sarwana, Mr. Al Hajj Dhani Bukhsh Memon, Mr. Saqib Fayyaz Magoon, VPs FPCCI Mr. Gulzar Firoz, Mumtaz Sheikh and others also seen in the picture.… Continue

New Name Reflects Company’s Unification to a Global Brand

After about a year of its 100% acquisition by the Telenor Group, Tameer Microfinance Bank has been rebranded as Telenor Microfinance Bank. The Bank, established in 2005, is best known for its joint venture with Telenor Pakistan for the launch of Pakistan’s first and now the largest branchless banking service Easypaisa, in 2009.… Continue

In a landmark development to promote Islamic Banking and Finance in the country, Pakistan’s leading financial institution Bank Alfalah has entered into an agreement with AlHuda Centre of Islamic Banking and Economics (CIBE), an international leader in human capital development for the Islamic financial services industry.… Continue

The inflation expectations in the current fiscal year continue to remain well anchored. This has been largely due to the near-absence of any major supply side pressures. However, rising real incomes in a low interest rate environment since FY14 are indicating signs of pick up in domestic demand, which is broadly reflected in the core inflation measures.… Continue

The National Day, 23rd March 2017, was celebrated in Singapore with traditional fervor and national spirit. The day begins with the hoisting of the flag by the High Commissioner, Nasrullah Khan. The officers and officials of the High Commission, as well as a cross section of Pakistani Community/diaspora attended the ceremony.… Continue

BISP is the prime platform of empowerment and financial inclusion for the downtrodden women of Pakistan. By providing financial assistance to 5.4 million deserving families and adopting state of the art technology and best international practices, BISP has emerged as a leading social safety net programme in the world within a short span of time.… Continue

JazzCash has announced that its monthly active mobile account customers have crossed the 2 million mark. The mobile financial service provider has been able to add another million active mobile accounts in just the space of six months. Aniqa Afzal Sandhu, Chief Digital & Financial Services Officer along with Aamir Ibrahim, CEO and Jon Eddy Abdullah, Head of Emerging Markets at Veon made the announcement during a ceremony held at Jazz Digital Headquarters in Islamabad.… Continue

H.E. Prof. Julius Kibet Bitok, High Commissioner of Kenya visited FPCCI and met Mr. Irfan Ahmed Sarwana, Vice President of the Federation of Pakistan Chambers of Commerce and Industry and discussed matters related to enhancing bilateral trade and investment relations between Pakistan and Kenya.… Continue

Provincial Minister for local bodies Jam Khan Shoro said that funds for purposed schemes by industrial areas will be released soon, he was talking to dinner arranged by Korangi Association of Trade &Industry (KATI). He said that development work in Karachi will be completed and Liyari Expressway will be opened for light traffic, till June this year.… Continue

In continuation of its efforts toward digitizing the financial landscape of the country and promoting financial inclusion through diversified initiatives, Bank Alfalah, Pakistan’s leading card issuer and acquirer, has joined hands with 1Link (Guarantee) Limited to launch Bank’s first PayPak Classic Debit Card.… Continue

In line with its commitment of enhancing Pakistan’s aviation sector, Shaheen Air International (SAI) has inducted a third Airbus A319 into its fleet. The new aircraft comes wrapped in a new livery that builds on the revamped brand identity and philosophy of Shaheen.… Continue

President of Employers Federation of Pakistan (EFP) Majyd Aziz said that issues regarding industrial laws could be resolve if all the representatives of industrialists become united on the issue. While speaking to a meeting, on his visit to Korangi Association of Trade & Industry (KATI), he said that country’s economy is relaying on imports due to this export oriented industries are facing hard times.… Continue

Patron-in-Chief, Rice Exporters Association of Pakistan (REAP) Mr. Abdul Rahim Janoo and H.E. Mr. Istvan SZABO Ambassador of Hungary Embassy have inaugurated 11thFood Technology Asia International Exhibition on 20th March, 2017 at Karachi Expo Centre. The Exhibition incorporates Rice Technology, Plastic Packaging & Print and Agriculture sector technologies.… Continue

The federal Minister for Ports and Shipping Senator Mir Hasil Khan Bizenjo has, in presence of Director General Ports and Shipping Mr. Asad Rafi Chaandna, issued the very first license of ferry cruise service to PNSC Chairman Mr. Arif Ilahi. This license will make the PNSC capable to facilitate passengers across Pakistan in both domestic and international journeys through ferry ships.… Continue

A joint delegation from Pakistan and Afghanistan under the leadership of Zubair Motiwala, Chairman PAJCCI,  met under the aegis of Beyond Boundaries- A CRSS led project to discuss difficulties arising out of the abrupt closure of Pakistan-Afghanistan border. Motiwala also had frequent discussions with H.E.… Continue

A new branch was inaugurated by Khushhali Microfinance Bank Monday in Attock, for customer facilitation in the area. This new branch will allow residents of Attock and adjacent areas an easy access to finance for their financial needs. President Khushhali Microfinance Bank, Ghalib Nishtar said: “Ghalib Nishtar, said that opportunity drives us and there is a huge untapped potential in the remote and northern markets.”… Continue

SGM Director of Sui Southern Gas Company (SSGC) Saeed Ahmed Larak hinted the initiation of RLNG distribution during a meeting at Korangi Association of Trade &Industry (KATI). On a visit, along senior officials, to KATI, SGM said that industries, who required additional gas for their requirements, should inform their concerned associations.… Continue

Pakistan’s leading banking institution, Bank Alfalah, has bagged the International Finance Magazine Award in ‘Best Credit Card Offering’ category at IFM Awards organized by International Finance Magazine in Singapore for recognizing best-in-class banks and financial institutions. Bank Alfalah is the only bank in Pakistan to have achieved the prestigious IFM Award.… Continue

Deputy Mayor Karachi, Mr. Arshad Vohra being briefed by K-Electric on its efforts towards energy conservation at the 11th Power & Alternative Energy Asia 2017.… Continue

President Karachi Chamber of Commerce & Industry (KCCI) Shamim Ahmed Firpo attended the Annual Dinner of Junior Chamber International in Hyderabad.

Senior Vice President KCCI Asif Nisar, Vice President KCCI Muhammad Younus Soomro, President Junior Chamber International Amanullah Qasim and Secretary General JCI and others are also present at the picture.… Continue

Greenstar Social Marketing (Greenstar), an independent network member of Population Services International, collaborated with South Asian Federation of Obstetrics and Gynaecology (SAFOG) for the 11th SAFOG Conference. The theme for the three day conference, taking place in Lahore, is ‘Improving Women’s Health – Old Problems, New Remedies.’… Continue

Mr. Usama Qureshi, Managing Director & CEO, Syed Ziauddin, Director, Corporate and Legal Affairs of Hamdard Laboratories (Waqf) Pakistan met Muhammad Ayub Sheikh, Secretary, Ministry of National Health Services and Dr. Aslam Afghani, CEO, DRAP.

In the meeting Usama Qureshi has suggested and offered the services of Hamdard Laboratories (Waqf) to form a Hamdard Forum to coordinate between government and the manufacturers of Unani Medicine to solve the problems.… Continue

High consumer taxes mean the poorest Pakistanis are unable to afford mobile broadband

The GSMA today set out a number of measures that Pakistan will need to take in order to close the digital divide in the country and reach its Vision 2025 goals.… Continue

President of Korangi Association of Trade & Industry Masood Naqi has showed concern over expending trade deficit to the record level of 20 billion USD during current fiscal year. In a statement released by KATI Masood Naqi said that although Federal Government announced two packages for the revival of export industry but due to unaddressed root causes of down sliding exports nothing worked effectively.… Continue