KARACHI, December 13, 2024: InfraZamin Pakistan, in partnership with Saudi Pak Industrial and Agricultural Investment Co Ltd, has signed a significant agreement with Acumen Energy Limited to provide an 11.5-year Distributed Solar Financing Facility worth PKR 1.28 billion. This landmark deal is backed by a credit guarantee of PKR 1.04 billion and marks InfraZamin’s entry…
KARACHI, December 13 2024: The Deposit Protection Corporation (DPC) has officially unveiled its Annual Report for the fiscal year 2023-24. The comprehensive report, marking the Corporation’s fourth year of operations, offers a detailed overview of its financial performance, operational activities, and notable achievements. Established under the Deposit Protection Corporation Act, 2016, DPC operates as a…
KARACHI, December 13, 2024: BankIslami has proudly secured the 2024 Euro Clearing Quality Recognition Award from J.P. Morgan, in recognition of its outstanding achievement in the financial services sector. The award honors BankIslami’s remarkable MT202 STP (Straight Through Processing) rate of 99.37%, a key indicator of the bank’s exceptional operational efficiency and commitment to excellence….
KARACHI, December 10th 2024: Samad Dawood, Vice Chairman of Dawood Hercules Corp, emphasized that the tough economic measures implemented by the Government of Pakistan have contributed significantly to macroeconomic stability and revived investor confidence in the country. This improved business environment was a key factor in Engro’s landmark transaction, the largest in Pakistani rupee terms,…
KARACHI, December 10th 2024: Relational, a leading European-based business software provider, has entered into a strategic partnership with Dellsons Group to introduce its cutting-edge business software solutions to Pakistan’s financial sector. This partnership was formalized through the signing of a Memorandum of Understanding (MoU) in a ceremony attended by senior executives from both organizations. Leveraging…