Business
Pakistan’s first shared cloud kitchen network HOTPOD launched
Customer centric KaaS model will unleash the PKR 20 billion+ market potential Karachi, October 22, 2020: Hotpod, Pakistan’s first shared cloud kitchen launched recently in Karachi. Hotpod is a Kitchen as a Service (KaaS) platform that enables restaurants and food owners to expand their network by providing a managed kitchen infrastructure with minimum capital risk,…
Pakistan Stock Exchange index closed at an increase of 579pts
Karachi, October 22, 2020: This is the third consecutive positive closing of KSE100 since the beginning of the week, where the Index has added ~1400 points from last week’s closing level. Though the weekend left vestiges of political uncertainty, institutional investors kept brisk buying activity on the back of quarterly earnings. Banking sector results announced…
Bank Alfalah continues with prudent provisioning leading to PAT of Rs. 8.3 billion
Karachi, October 21, 2020: The Board of Directors of Bank Alfalah Limited in its meeting held on October 21, 2020, approved the Bank’s unaudited condensed interim financial statements for the period ended September 30, 2020. The Bank’s operating profit at Rs. 20.614 billion showed a growth of 11.4 percent compared to the corresponding period of…
BankIslami won Pakistan IP excellence award 2020
Karachi, October 20, 2020: BankIslami, one of the most technologically advanced Islamic bank with 340+ branches in more than 116 cities, wins Pakistan IP Excellence Award 2020 in the category of “Best IP Management” and “Most Innovative Banking Solutions.” The prestigious IP Excellence Award provides rewards & recognition to motivate businesses and individuals to go…
TPL Life and Mobilink Microfinance Bank Ltd. partner to provide protection against COVID-19
Karachi, October 20, 2020: TPL Life, a leading insurtech in Pakistan, has partnered with Mobilink Microfinance Bank Ltd. (MMBL), Pakistan’s largest digital bank to launch “Corona Tahaffuz,” an insurance product designed for MMBL’s customers and will be available through the banks’ branches across Pakistan. Following the collaboration, MMBL customers will have access to comprehensive insurance…