Dubai, UAE – In an unprecedented move that signals a transformation in the financial landscape, Rabah Al-Nasseri, co-founder of The Cryptoverse, is delving into the prospects of digital finance growth and exploration in Abu Dhabi for 2023. With an eye on the burgeoning market, Al-Nasseri is seeking to establish The Cryptoverse as a pioneering force…
Ariba Shahid, a Pakistan correspondent for Reuters, recently shared a series of tweets discussing the challenges faced by startups and their potential impact on the economy. In her first tweet, she acknowledges that startups often fail, especially considering the current global funding crunch and the less-than-ideal local economy. Startups fail. We're in a global funding…
A recent Twitter by Zubair Ahmed Khan has shed light on a concerning issue of businesses issuing non-FBRPOS (Federal Board of Revenue Point of Sale) invoices, indicating potential tax evasion and open tax theft. Zubair Ahmed Khan shares his encounter with Pizza Hut in Islamabad, where he claims they responded confrontationally and admitted to issuing…
Islamic banking has gained popularity worldwide for offering financial services in compliance with Islamic principles. One aspect that sets Islamic banks apart is their adherence to Shariah law, which prohibits certain practices, including the charging or receiving of interest. While Islamic banking offers numerous advantages, it’s essential to be aware of certain limitations when it…
Public Private Partnership Unit, Government of Sindh (PPPU) and InfraZamin Pakistan Limited (IZP), are pleased to announce the signing of a Memorandum of Understanding (MOU) to provide local currency guarantee solutions for infrastructure projects in Sindh under the Public-Private Partnership Mode. The aim of this collaboration is to foster economic and social development activities by…
ABHI, a growing embedded finance platform, was selected among hundreds of companies as one of the World Economic Forum’s “Technology Pioneers”. Providing innovative finance solutions to over 450 businesses and their employees, ABHI is the first in the business from the MENAP region to receive the recognition. The World Economic Forum’s Technology Pioneers program recognizes…
Descon Oxychem Limited, a leading global chemical manufacturer, proudly announces the achievement of the prestigious UN Mark certification for its product packaging. The UN Mark is an internationally recognized standard established by the United Nations, highlighting the company’s commitment to ensuring the highest safety standards for the transportation of goods in international markets. The UN…
Savyour, the pioneering cashback app from Pakistan, today marks a significant global breakthrough with the launch of ‘Savvy’; the world’s first AI-based assistant featured within the cashback app. This revolutionary feature adept at handling everyday shopping inquiries and directing users towards the most rewarding cashback options based on their location. It sets Savyour apart as…
TPL Life Muavin, Pakistan’s first virtual earning and learning platform, continues to grow and reach a new milestone of surpassing 60,000 potential life insurance agents registering onto the portal. This is in line with TPL Life’s vision of enabling Pakistan & every Pakistani digitally, ensuring that economic activity is intrinsic at every step of financial…
Pak Suzuki Motor has made an urgent appeal to the government to refrain from imposing any new duties and taxes in the upcoming federal budget. Additionally, the company is requesting a reduction in existing duties and taxes, specifically for vehicles up to 1000cc, to ensure the minimal survival of this segment and support the masses….
In recent years, it has become evident that Pakistani banks have a strong affinity for investing in government bonds. This trend has raised questions and sparked discussions about the reasons behind such a preference. To shed light on this matter, we will explore the factors that contribute to Pakistani banks’ inclination towards government bonds and…
Pakistan is facing a challenging situation in the wake of stagflation and acute balance-of-payments crises. The country needs significant additional financing to complete the long-stalled ninth review of the International Monetary Fund’s (IMF) bailout package. On Thursday, during a scheduled press conference, the IMF stated that the commitments of “significant additional financing” are essential before…
Unilever Pakistan hosted an interactive dialogue to discuss the importance of living wages in Pakistan. The session focused on the benefits of fair pay and living wages to businesses, communities, and the country. A living wage accounts for the diverse lifestyle needs of a person in line with their present economic realities so they can…
BankIslami Pakistan Limited (‘the Bank’ or ‘BankIslami’) announced its financial results for the quarter ended March 31, 2023, with an impressive increase of 262% in profit before tax, reaching Rs. 3.16 billion as compared to Rs. 0.87 billion for the corresponding period of the previous year. The profit after tax closed at Rs. 1.79 billion,…
Investing in Pakistan can be a daunting task for Pakistani expats living abroad, despite the fact that they have a deep attachment to their homeland. In the ProPakistani latest podcast, titled “Why Pakistani’s Abroad Struggle To Invest In Pakistan?”, the guest speaker, Tanweer Ahmed, delve into the reasons behind the struggles faced by Pakistani expats…