Karachi, March 10, 2021: Pakistan equities continued its downward trend for the third day of the week owing to political uncertainty, economic headwinds and margin calls. After a slightly positive opening benchmark KSE100 Index juggled between intraday high of 201 points and low of 602 points. It closed the session at 43,691 level (down 1.20…
Karachi, March 10, 2021: HBL and Huawei Pakistan signed a Memorandum of Understanding (MoU) to cement their strategic partnership, through projects focused on financial and technological innovation, enabling HBL to augment its existing processes and systems. Both organizations have already completed milestone projects in 2020, such as the Promissory Note discounting project and the SD-WAN…
ISLAMABAD, March 10, 2021: A meeting of the Central Board of Management of Al-Khidmat Foundation Pakistan was held here today to review the proceedings of the previous meeting and review its implementation. The meeting was chaired by Muhammad Abdul Shakoor, President of Khidmat Foundation Pakistan. Addressing the meeting, President Muhammad Abdul Shakoor said that unfortunately…
Karachi, March 10, 2021: Tri-Angels Electronics Pvt. Ltd., Pakistan’s exclusive licensed company for the Hisense brand, has expanded its manufacturing capacity to include residential air conditioners. The facility has the capacity to produce 100K units of residential ACs annually with an investment of 1.3 million USD. The facility provides state-of-the-art testing rooms with latest technology…
Karachi, March 10, 2021: In order to promote digitization in the banking sector and encourage use of digital channels, SBP has instructe(https://www.sbp.org.pk/psd/2021/C1.htm) all banks to provide minimum set of services on their Internet Banking (IB) and Mobile Banking (MB) channels. These services will include bill payments, funds transfer/IBFT, beneficiary management, limit management, credit and debit…