Business
SBP enhances Digitization Initiatives in Banks/MFBs
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…
FPCCI Advisory Council finds laws affecting ease of doing business
Karachi, March 10, 2021: Advisory Council of the Federation of Pakistan Chambers of Commerce and Industry on Budget finds various laws and regulations that do not generate much revenue on the other hand badly affecting ease of doing business ranking of Pakistan. Mian Nasser Hyatt Maggo President FPCCI in this regards has already communicated to…
KSE 100 close decreased on 1.84pc
Karachi, March 09, 2021: The KSE 100 index continued its bearish momentum from yesterday to close the day at 44,222 (down 1.84 percent). The selling today can be attributable to the SBP autonomy bill, withdrawal of income tax exemptions and rising bond yields. Investors focus remained on the upcoming monetary policy expected to be announced…
Faysal Bank, Akhuwat join hands to promote low-cost housing
Karachi, March 09, 2021: Faysal Bank Limited and Akhuwat have come together in a strategic partnership to promote Shariah compliant affordable housing, under the Government of Pakistan’s low-cost housing finance facility for low-income individuals. The memorandum of understanding (MoU) was signed by Faysal Bank’s Head of Corporate & Investment Banking, Mr. Ali Waqar, and Dr. Amjad Saqib,…
United States and Pakistan Digitize Energy Sector
Lahore, March 9, 2021: The United States Mission to Pakistan today officially handed over an innovative new metering system to the Government of Pakistan to help network and market operators better manage the national power grid. The Secure Metering System (SMS), developed by the United States Agency for International Development (USAID), improves Pakistan’s National Transmission and…