Business
Visa Prevents Approximately $25 Billion In Fraud Using Artificial Intelligence
Dubai, United Arab Emirates, June 24, 2019: Visa Inc. (NYSE: V) today announced new analysis showing Visa Advanced Authorization (VAA) using artificial intelligence (AI) helped financial institutions prevent an estimated $25 billion in annual fraud making the global payment ecosystem safer for retailers and consumers. VAA is a comprehensive risk management tool that monitors and…
Junaid Makda criticizes Chairman NHA for associating false, misleading remarks with KCCI
Karachi, June 15, 2019: President Karachi Chamber of Commerce & Industry (KCCI) Junaid Esmail Makda, while taking serious note of the comments given by Chairman National Highway Authority (NHA) Jawwad Rafiq Malik about the Axle Load Regime which were aired by a local TV Channel, stated that KCCI convened many meetings with all stakeholders and…
HBL recognized at SCO-IBA in Kyrgyzstan
Muhammad Aurangzeb, President & CEO HBL (fourth from right) along with the participants of the Shanghai Cooperation Organization Interbank Association (SCO-IBA) 15th Annual Council Meeting in Kyrgyzstan. Kyrgyzstan, June 13, 2019: Muhammad Aurangzeb, President & CEO HBL attended the Shanghai Cooperation Organization Interbank Association (SCO-IBA) 15th Annual Council Meeting in Chopon-Ata, Kyrgyzstan on 11 June…
Banks Again Disappoint Customers for Ensuring Cash at ATMs
The long vacations of Eid-ul-Fitr proved to be a litmus test for the banking system which again disappointed their customers for ensuring cash at ATMs particularly in the metropolis. ATMs of some of the banks were reportedly out of cash for past many days as appropriate cash was not filled at the machines in accordance…
PTA Among Top Taxpaying Organization
Islamabad, June 11, 2019: Pakistan Telecommunication Authority (PTA) has been ranked 7th largest tax-paying organization among its peers in 2018 on its income to the Federal Board of Revenue (FBR). In addition, the telecom regulator has generated over Rs. 209 billion from June 2013 to March 2019 through its levies, fee and other charges. PTA…