Karachi, October 01, 2019: K-Electric has signed US$ 50 million loan agreements with Standard Chartered which is supported by GuarantCo to undertake upgradation of power infrastructure including the installation of theft-resistant Aerial Bundled Cable (ABC) as well as smart grid solutions. The financing documents were signed at KE head office by Moonis Alvi, CEO and Rizwan…
Karachi, July 30, 2019: National Bank of Pakistan (NBP) Aitemaad Islamic Banking Group signed the ‘Bancatakaful’ agreement with Jubilee Life Insurance (JLI) window Takaful Operations which is the largest life insurance company in the private sector of Pakistan. The agreement was signed in a ceremony held at NBP’s Head Office to commemorate the partnership in…
Karachi, June 17, 2019: Faysal Asset Management Limited (FAML) and ITMinds Limited, a wholly owned subsidiary of Central Depository Company of Pakistan Limited, have signed an agreement enabling ITMinds to provide Back Office Accounting Services to FAML. The agreement was signed by Mr. Khaldoon Bin Latif, CEO-FAML, and Mr. Iqleem-uz-Zaman Khan, Acting CEO-ITMinds in the presence…
Islamabad, April 23, 2019: Aiming to further its efforts towards bringing the unbanked and underbanked into the fold of financial services, Pakistan Microfinance Network (PMN) has signed an agreement with Telenor Microfinance Bank (TMB), in the presence of the management of both institutions, to digitize Pakistan’s microfinance industry through ‘Digital Services Platform (DSP).’ PMN is…