Business
BankIslami Wins Prestigious 2024 Euro Clearing Quality Recognition Award from J.P. Morgan
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….
TPL Properties: Strategic Project Expansion and Global Growth Plans
KARACHI, December 6, 2024: TPL Properties (TPLP), a leading institutional real estate developer and manager, has shared its plans for expansion and future projects during its analyst briefing. The company reported a loss per share (LPS) of Rs 7.18 for FY24, compared to an earnings per share (EPS) of Rs 5.18 in FY23, primarily due…
Turkish Ambassador Visits Dawlance Head Office to Explore Investment Opportunities
Karachi, November 21, 2024 – In a significant step towards strengthening economic ties between Pakistan and Turkiye, the newly appointed Turkish Ambassador to Pakistan, H.E. Mr. Irfan Neziroglu, visited the Dawlance head office in Karachi. Accompanied by the Turkish Consul-General in Karachi, H.E. Mr. Cemal Sangu, the Ambassador discussed potential collaborations in areas including investments,…
P@SHA Chairman Warns of Dire Consequences from VPN Ban on Pakistan’s IT Industry
KARACHI, November 19 2024: Sajjad Mustafa Syed, Chairman of the Pakistan Software Houses Association (P@SHA), has issued a strong warning regarding the severe impact that an internet slowdown and the blocking of Virtual Private Network (VPN) services could have on Pakistan’s burgeoning IT industry. According to Sajjad, such a move would pose an existential threat,…
Easypaisa’s Digital Expansion Gets a US$10 Million Boost Amid Strong Q3 Financial Growth
KARACHI, November 18 2024: Telenor Microfinance Bank (TMB), the operator behind Pakistan’s leading digital financial services platform, easypaisa, has announced the successful receipt of US$10 million in equity investment from its shareholders, Telenor Group and Ant Group. This investment comes as easypaisa prepares to launch its digital retail banking operations, subject to regulatory approvals, marking…