Economy
Karandaaz and Bank Alfalah join hands to scale up female agent network and enhance financial inclusion
Karachi, December 12, 2023: Bank Alfalah, one of the largest commercial banks in Pakistan signed an agreement with Karandaaz to expand the female agent network in Pakistan. This partnership was signed in the presence of Karandaaz Chairperson Salim Raza, Bank Alfalah President and CEO Atif Bajwa, Karandaaz CEO Waqas ul Hasan, Group Head Digital Banking…
Weekly inflation hits to 42.68%
Islamabad, December 08, 2023 : Pakistan’s weekly inflation, measured by the Sensitive Price Indicator (SPI), rose by 1.16% for the week ending November 23, according to data from the Pakistan Bureau of Statistics (PBS) released on Friday. As per PBS data, the combined index reached 311.78, up from 308.2 on November 30, 2023, and significantly…
New oil and gas reserves found in Sindh
OGDCL, a prominent state-owned exploration and production company in Pakistan, makes a significant discovery of gas and condensate at Dars West Well 02 in Tando Allahyar District, Sindh. On Friday, the company communicated this development through a filing to the Pakistan Stock Exchange (PSX). According to the filing, the Joint Venture of Dars West Development…
ABHI and Unilever Pakistan Have Partnered to Empower Employees with Earned Wage Access
In a significant move towards empowering employees financially, ABHI, an embedded finance platform, has partnered with Unilever Pakistan, a global FMCG company with a presence in 190 countries, to offer AbhiSalary – an Earned Wage Access (EWA) solution. This collaboration aims to empower Unilever Pakistan’s workforce by providing them with immediate access to a portion…
Utility stores corporation acquires 40,000 metric tones of sugar
Islamabad, November 29, 2023 : Utility Stores Corporation (USC) Acquires 40,000 Metric Tonnes of Sugar at Rs124.90/kg. Sources familiar with the matter revealed that the Utility Stores Corporation obtained 40,000 metric tonnes of sugar in accordance with the tender issued the previous month. The sugar was secured at a rate Rs10.37/kg lower than the previous…