KARACHI, November 05 2024: In a significant move to boost the digital financial ecosystem in Pakistan, the State Bank of Pakistan (SBP) has granted in-principle approval to M/s Toko Lab Private Limited and M/s Accept Technologies Private Limited (trading as PayMob) for establishing an Electronic Money Institution (EMI) and a Payment System Operator (PSO)/Payment Service…
KARACHI, November 05 2024: The Institute of Business Administration (IBA), Karachi, in collaboration with the Centre for South Asian and Himalayan Studies (CESAH, CNRS-EHESS), launched the Third Edition of its Social Sciences Winter School today, a multidisciplinary initiative designed to encourage fresh perspectives on societal issues through the lens of image, film, and sound. Running…
KARACHI, November 05, 2024:Pakistan’s leading e-commerce platform Daraz is all set to kickstart its annual 11.11 shopping festival, the ‘Biggest Sale of the Year’, taking place from November 11 to November 21. Known for its exceptional discounts and exclusive promotions, this year’s 11.11 sale promises Pakistanis the lowest prices of the year across a wide…
KARACHI, November 05 2024: The recent 250 basis point (bps) policy rate cut by Pakistan’s central bank, bringing the rate to 15%, marks a significant shift in the country’s economic strategy. This move, which goes beyond the market’s anticipated 120-150 bps reduction, aims to ease the government’s borrowing costs and is expected to have far-reaching…
KARACHI, November 05 2024: The President of the Hub Chamber of Commerce and Industry, Mr. Yakoob H. Karim, has expressed his approval of the State Bank of Pakistan’s recent decision to reduce the interest rate by 2.5% (250 basis points). However, he emphasized that while this move is a step in the right direction, it…