Karachi, Pakistan – Martin Dow partners with ABHI to provide Earned Wage Access to its employees. ABHI is offering Earned Wage Access to hundreds of companies as a financial wellness benefit to their employees. The new partnership with Martin Dow aims to provide a comfortable environment for their employees to work and thrive in. ABHI…
Mubadala Energy, the Abu Dhabi-based international energy company, has announced the signing of a Memorandum of Understanding (MoU) with OMV Downstream GmbH (OMV) and Pak-Arab Refinery Limited (PARCO) to explore opportunities in sustainable fuels and feedstock production in Pakistan. Under this agreement the companies will explore the possibility of pursuing projects in circular economy initiatives,…
With the State Bank of Pakistan’s (SBP) reserves at approximately $4 billion, there are concerns that widespread shortages of essential goods, including energy products, could occur if there are no inflows of dollars with the International Monetary Fund (IMF) on board. According to reports, the country currently has stocks of around 30 days of diesel…
Pakistani youth will play a key role in achieving the UNO’s 4RF objective which includes Resilient, Recovery, Rehabilitation and Reconstruction Framework (4RF), said by Rizwan Anwar, the global Youth Ambassador of United Nations and executive director Kinnaird Center for Learning and Cultural Development (KCLCD). Rizwan Anwar also attended the International Conference on Climate Resilient Pakistan,…
Pakistan’s Finance Minister, Ishaq Dar, has sought to allay concerns about the country’s economic stability, stating that it will not default on its debts despite claims from opposition parties to the contrary. Speaking at a ceremony in Islamabad on Wednesday, Dar emphasized the importance of the Stock Exchange and Securities and Exchange Commission of Pakistan…
Pakistan is facing an uncertain economic future as it enters 2023, with a number of challenges and difficulties on the horizon. The country has struggled with rising prices and a deteriorating balance of payments crisis, which has been exacerbated by summer floods and ongoing political uncertainty. These issues have led to a decline in the…
Amid the cold weather and rising inflation, shoppers looking for affordable warm clothing in the country’s “Landa Bazars” will face increased costs due to a tax hike on imported goods. According to a report, the government has raised the tax on imported items such as clothes, blankets, and other warm clothing from Rs81 to Rs225…
Prices play a crucial role in any economy as they serve as signals for both consumers and producers. Consumers rely on prices to make informed purchasing decisions, while producers use them to determine what to produce and where to invest. In Pakistan, the price of many goods is closely tied to the value of the…
Jazz, Pakistan’s leading digital operator and the largest internet and broadband service provider, has developed an App for Seed Distribution for the farmers affected by floods. The app is part of Jazz’s commitment to provide technological support to the government for flood response and relief. It was developed in partnership with the National Flood Relief…
Visa (V: NYSE), the exclusive payment services partner of FIFA, today unveiled Visa Masters of Movement, a first-of its-kind hybrid experience featuring a pre-event NFT auction and immersive activation for fans at FIFA World Cup Qatar 2022™. The Visa Masters of Movement auction features digital art inspired by iconic goals from five legendary footballers that…
Visa Inc. (NYSE:V), the world leader in digital payments, today shared an updated look at how fraud has evolved since the height of the pandemic, with criminals simultaneously targeting online and offline vulnerabilities as our daily lives return to a blend of in-person and e-commerce experiences. “As in-person commerce returns to pre-pandemic levels, crooks are…
During the COVID-19 epidemic, Pakistan’s technology and startup sectors saw remarkable development. In 2021, technology startups raised a record-breaking $350 million, while over $227 million was funded in the first half of 2022; Pakistani companies have raised $322 million so far in 2022. With IT exports projected to more than double from $1.19 billion in…
Bank Alfalah, one of Pakistan’s largest digital commercial banks, has introduced a first-of-Its-kind feature to upload updated account information through AskAlfa – a unique Chat platform in Bank Alfalah’s Alfa Mobile App, which enables customers to share their banking queries along with providing easy and fast processing of document. It is the first bank to…
Since mid-June, Pakistan has been experiencing extreme monsoon weather, with rainfall equivalent to 2.8 times the national 30-year average, resulting in extensive floods and landslides and prompting relocation, particularly in the Baluchistan and Sindh provinces. There have been millions of afflicted individuals, hundreds of fatalities, and many more injuries. There is extensive property and public…
Tremendous crowds came together at the fourth edition of the Pakistan Property Show over the weekend at the World Trade Centre in Dubai to explore significant investment opportunities in the Pakistan property market. Two-day annual property event was attended by record-breaking 20,000 people, with over 60 exhibitors displaying more than 200 of the most significant…
Amazon offers many opportunities for vendors with 95 million Prime Members and 150 million users. Last year they made profit of $2 billion in sales, exhibiting that they already have a huge consumer base available through Amazon’s platform. Pakistan is officially included on the Amazon list, so Pakistani sellers can now open Amazon accounts. You…
With so many real estate projects in Pakistan on the rise, it’s close to impossible to find the most futuristic & tech-enabled, sustainable, and state-of-the-art project that’s worth investing without breaking the bank while also being trust-worthy. Having said that, we’ve recently spotted a project that’s taking Islamabad by storm. Their streamers and outdoor billboard…
A Flag hoisting ceremony was held at Pakistan Bureau of statistics on Sunday,14 August 2022. The Flag hoisting ceremony at PBS Head office began with recitation of Holy Quran followed by National anthem of Pakistan. To mark the 75th Independence Day of Pakistan, Pakistani flag was hoisted and Cake Cutting ceremony was observed by the…
The State Bank of Pakistan (SBP) launched the design of a commemorative Rs75 currency note on Sunday to honour the country’s 75th Independence Day. This is the second time SBP has issued a commemorative note, the first one was issued on the golden Jubilee celebrations. The banknote was signed by former SBP governor Dr Raza…
It is quite overwhelming and simply heartening to see that every Pakistani – whether living in Pakistan or abroad – is equally celebrating the Diamond Jubilee of Pakistan so promisingly and cheering up the people around them. In a bid to take active part to celebrate the 75th Independence Day and to to pay tribute…
Barrick Gold Corporation (NYSE:GOLD)(TSX:ABX) is contributing US$150,000 to Balochistan’s Provincial Disaster Management Authority (PDMA) to support its relief efforts in the wake of unprecedented floods in the region. Remote communities in the province were hardest hit by the heavy monsoon rains which killed more than 500 people in Pakistan. In a phone call today with…
Arif Habib Group (AHG), and Meezan Bank Limited (MBL) have entered into a strategic partnership to jointly develop and sell apartment towers at Naya Nazimabad. This collaboration will allow customers to opt for the Shariah Compliant Home financing services offered by MBL. MBL has entered into a Musharakah Agreement with Globe Residency REIT(GRR), for development…
To be the boss of your own business is a great pleasure with comes with lots of responsibility as well. Many people want to start their own business but starting a business requires lots of hard work, research and self-confidence, and a measure of courage. You’ll ask yourself: How can I start my own business…
Many people in the world earn money online through online Jobs. And after COVID 19 it has become very common. Some are earning by selling their products, some by doing social media marketing, some by teaching and some are doing various other things. But earning money is not easy as it seems because, with lots…
There has been a rise in the frequency of data breaches in the banking industry in Pakistan. There have been recent unsubstantiated claims that Standard Chartered Pakistan is experiencing major security concerns, resulting in clients losing money via debit card transactions they did not make. Several individuals have shared their experiences on Twitter, and it…
The Pakistani Rupee (PKR) crashed below the 240 level against the US Dollar (USD) during today’s trading. During today’s intraday trading, the rupee is taking a beating after the Supreme Court of Pakistan nullified Hamza Shahbaz’s illegal election as chief minister of Punjab, the country’s largest province on Tuesday and appointed Pervaiz Illahi as Chief…
It seems that the market (PKR/USD) is settling around 225. There is no panic today. But without envisaged inflows, the situation can get worse at any time. What happened in the last two days was sheer panic–triggered by Sunday’s poll results. There was no extra pressure for payments. SBP knew the numbers and had a plan…
Dollar continues its ascending march against rupee on Monday with the greenback gaining Rs4.25 in interbank trade. According to the Forex Association of Pakistan, the dollar was trading at a record Rs216 against the local currency at 3:12pm, up Rs5, or 2.4 per cent, from Friday’s close of Rs210.95. The dollar eventually closed at Rs215.2,…
While Pakistan is increasing its attempts to digitize its retail food sector, which ranges from rapid commerce to stringent B2B business models, the startup financing market is seeing a decline. As investment and transactions stagnate throughout startup ecosystems, it is difficult for entrepreneurs to get cash. In terms of worldwide finance, the most recent quarter…
According to a recent report published by the State Bank of Pakistan, about (2020-21) liquefied natural gas (LNG) Pakistan has a 15-year take-or-pay contract with Qatar as well as some private suppliers in Italy. The purchase through these contracts makes up 87 per cent of Pakistan’s LNG imports while the remaining 13pc are spot purchases….