Business
HBL and Huawei Pakistan enter into a strategic alliance for Banking and Digital Transformation
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…
Tri-Angels Electronics Pvt. Ltd. commenced state of the art Air conditioner plant in Karachi
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…
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…