KARACHI, July 30, 2020: The Pakistan’s Central Bank has said that successful stabilization measures that had fostered macroeconomic improvement in Jul-Feb FY20 provided a valuable cushion against the downturn faced from late March 2020 onward in the wake of the COVID-19 outbreak. The State Bank of Pakistan has released its Third Quarterly Report FY20 on…
Karachi, july 30, 2020 : Bank Alfalah and Techlets Pvt Ltd have jointly agreed to deliver an innovative and fully integrated financial solution on Walee, a mobile app and web platform (www.waleepk.com) serving Pakistan’s largest influencer marketing platform with more than 50,000 users across more than 250 cities. “Walee, Pakistan’s everyday trade app”, operated by…
Karachi, July 30, 2020: The COVID-19 pandemic means government spending has increased immensely, with the IMF calculating it to be a staggering US$9 trillion. For ACCA, the World Bank and IFAC, the concern is that public sector fiscal commitment and interventions are not being captured accurately by governments due to the way they account for this. In a…
Lahore (29 July 2020): Nestlé Pakistan Limited recorded sales of PKR 58.4 billion for the period January-June 2020, an increase of 1.0% compared to the same period last year despite the unprecedented circumstances caused by the COVID-19 outbreak. The Company recorded net profit of PKR 3.9 billion, a decline of 13.3% compared to the same period…
Karachi, July 29, 2020: Pak-Qatar Takaful Group in collaboration with IBA-CEIF (Centre for Excellence in Islamic Finance) recently organized a webinar session on Understanding Takaful. Mufti Hassaan Kaleeem (Chairman, Shariah Board-Pak-Qatar Takaful Group) and Azeem Pirani (CEO, PQFTL) were the key speakers at the online session. Mufti Hassaan Kaleem focused on the concept of Takaful (How it evolved?), its need and importance…