ISLAMABAD, November 19 2024: The Pakistan Telecommunication Authority (PTA) has entered into a consultancy agreement with National Economic Research Associates Inc. (NERA) to enhance next-generation mobile broadband services in Pakistan. The contract, signed on 5th November 2024, focuses on the ‘Release of IMT Spectrum,’ a key initiative aimed at improving mobile broadband services across the…
KARACHI, November 19 2024: The cryptocurrency market has witnessed an extraordinary surge in value following Donald Trump’s resounding victory in the recent US Presidential elections, with the total market capitalization soaring by $820 billion. Before the election, on November 4, the cryptocurrency market closed at a capitalization of $2.5 trillion. However, after Trump’s overwhelming triumph,…
KARACHI, November 19 2024: The Governor of the State Bank of Pakistan (SBP), Jameel Ahmad, stressed the critical importance of empowering women entrepreneurs, highlighting that they currently account for less than 10% of total borrowers and hold only 26% of bank accounts. The SBP organized Women Entrepreneurship Day on November 19, 2024, in Karachi, reaffirming…
KARACHI, November 19 2024: In October, Pakistan’s current account balance recorded a surplus of $349 million, bringing the four-month figure for FY25 to a modest $218 million. This positive trend, while encouraging, comes against the backdrop of a fragile economy grappling with subdued growth and constrained international financing options. Exports and Remittances Offer a Buffer…
KARACHI, November 18 2024: In a pioneering collaboration, TPL Insurance Ltd. has teamed up with Samba Bank Limited to launch a cutting-edge digital transaction insurance product. This new offering aims to protect Samba Bank’s customers from digital transaction risks such as account hijacking, unauthorized transactions, social engineering, and ATM theft. As Pakistan’s leading Insurtech provider,…