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…
In the ongoing 7th Population and Housing Census-2023 in Pakistan, concerns have emerged regarding political involvement and its potential impact on the accuracy and transparency of the data collection process. The census is a crucial national undertaking with far-reaching consequences, as it directly affects resource allocation and the delimitation process. The recent debriefing to the…
Telenor Microfinance Bank (TMB), operator of Pakistan’s leading digital financial services platform, easypaisa, has reported its financial results for Q1 2023, showcasing a strong performance despite challenging economic conditions. TMB’s unaudited financial statements indicate a significant increase in its revenue, with the bank achieving Positive EBTDA during the quarter and Profit after tax for the…
PUBG MOBILE, one of the world’s most popular mobile games, is launching its new Version 2.6 Update which will include a multi-map transformation set to transport players back millions of years! In addition to these roarsome changes, World of Wonder enters the next phase of its rollout, with exciting updates in map editing and game…
In today’s digital age, privacy and security have become paramount concerns for users of messaging apps. Recognizing this need, WhatsApp has launched an exciting new feature called Chat Lock. With Chat Lock, you can add an extra layer of protection to your most intimate conversations, ensuring that they remain private and secure. This article will…
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…
The recent protests following the arrest of former Pakistani Prime Minister Imran Khan on May 9, 2023, have led to partial and complete internet shutdowns, as well as targeted content and app blocking in Pakistan. Members of the Pakistani business community and civil society who have signed a petition on Change.org “Restore Internet to Restore…
Nutrition International, in partnership with the Ministry of National Health Services Regulations and Coordination (MoNHSR&C) and provincial health departments launched a campaign – NourishMaa – to improve maternal nutrition in Pakistan by building capacities of healthcare providers (HCPs) and frontline health workers (FHWs) in six selected districts that report poor maternal nutrition indicators. “Improving the…
ABHI, an embedded finance company, is excited to announce its partnership with Decibel, a global provider of Human Resource Management System (HRMS) solutions. This collaboration brings together ABHI’s cutting-edge earned wage access technology with Decibel’s HRMS expertise, creating a powerful solution that financially empowers employees with convenient access to their earned wages. ABHI is a…
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…
In a recent interview on PTV World, Ms. Ayesha Khan, CEO of the Hashoo Foundation, discussed the organization’s approach to a knowledge-based circular economy. She discussed the concept of a knowledge-based circular economy and how the Hashoo Foundation is using it to bring about socio-economic change. In the interview, Ms. Ayesha Khan introduces the concept…
Pakistan secured a thrilling victory against New Zealand in the ODI series, winning the third and final match by 26 runs. This win marks the first time Pakistan has won an ODI series against New Zealand since 2011. The series was highly anticipated, as both teams were in good form and had several talented players….
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,…
Minister of Planning, Development and Special Initiatives, Prof. Ahsan Iqbal, directed Provincial Governments to complete the Field verification/coverage of 7th Population and Housing Census till 15th May, 2023 in areas where Population growth is not in line with normal Demographic trends and close the field operation in all areas exhibiting natural trends. In pursuance of…
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…
Pakistan Bureau of Statistics (PBS) has been working tirelessly to ensure the success of the first-ever digital census of Pakistan. The PBS has been using digital innovations to receive data in real-time from field enumerators and monitor and analyze trends and gaps daily. The data is then augmented by physical monitoring and fact-finding field work…
Pakistan is a country with a rich and complicated history. Its path towards independence and subsequent development has been fraught with challenges and setbacks. In this context, the role of the superclass, or the network of individuals and institutions that hold the most power and influence in the country, has been instrumental in shaping the…
Research conducted by Gallup Pakistan and PRIDE, using data from the Labour Force Survey 2020-21, shows that the overall unemployment rate of youth in Punjab is 6.69%. The overall unemployment rate in the Punjab province is 6.69%, with the unemployment rate of females being substantially higher than males (8.32% vs. 6.06%) and that of urban…
Karandaaz Pakistan and foodpanda Pakistan recently signed an agreement which aimed to increase financial inclusion in the country by facilitating the onboarding of customers, who are habitual users of the Cash on Delivery (COD) option while ordering through the foodpanda app, to digital payment options like mobile wallets, RAAST ID and debit or credit cards….
Emaan Islamic Banking, a division of Silk Bank Limited, and TPL Insurance Limited – Window Takaful Operation, have announced the launch of their latest offering, the Emaan All-in-One Account. The account is tailored to cater to the needs of new-to-bank customers and existing Emaan account holders. The Emaan All-in-One Account is the ultimate power bundle…
Etihad Group is proud to announce the launch of a new block in its Etihad Town Phase I project. The development is situated at a prime location on Main Raiwind Road and features state-of-the-art amenities, green spaces, and modern housing options that cater to the needs of families and individuals looking for a contemporary, convenient,…
The biggest Punjabi blockbuster of all time, Maula Jatt is unstoppable as it gets a re-release on Eid six months after release worldwide. The Punjabi film scene experienced a phenomenal achievement with ‘The Legend of Maula Jatt,’ which shattered all expectations by becoming not only the top-earning Punjabi film ever but also the most successful…
Meri Gari Team, a leading tech-based trucking company, recently marked its first anniversary in business with a grand Iftar and Award Night. The event was attended by local and upcountry transporters, as well as the heads of various goods transport industry associations. This much-awaited event also featured awards for the best performing trucking companies that…
Pakistan has submitted a revised external financing plan to address a $5 to $6 billion funding gap by the end of June 2023 and requested the International Monetary Fund (IMF) to agree on a staff-level agreement as soon as possible. According to media sources there are differences between the IMF and Pakistani authorities over the…
The Pakistan Meteorological Department has issued a press release predicting rain, dust storms, thunderstorms, and even hailstorms in the upper and central parts of the country from the upcoming weekend. The weather system is expected to be triggered by a westerly wave that is set to enter the upper parts of the country on April…
Oil & Gas Development Company Limited (OGDCL) and Pakistan Arab Refinery Company (PARCO) have signed a memorandum of understanding (MOU) for collaboration and joint venture opportunities in the energy sector, including oil and gas infrastructure projects. The MOU aims to diversify business activities, enhance shareholder value, and ensure long-term sustainability. Representatives of both companies signed…
PUBG MOBILE, one of the world’s most popular mobile games, is celebrating the holy month of Ramadan this year with the release of The Tides, a new adventure in the Golden Moon series of campaigns following up on the success of last year’s release. Under the dappled glow of the Golden Moon, a new story…
TPL Insurance, the market leader in innovations underpinned by customer-centricity in the insurance segment, is proud to announce another first in the industry. The company has completed a pilot launch of a new auto insurance product, giving customers more control over their coverage options. Unlike traditional comprehensive and deductible insurance options, which offer limited flexibility,…
Pakistan Bureau of Statistics (PBS) has been executing the 7th Population and Housing Census digitally for the first time in the history country, with census field operations commencing from 1st March, 2023 and have continued till 10th April, 2023 without any interruption. The successful execution of the digital census is great success and it is…
The Etihad Group recently celebrated the groundbreaking ceremony of a mosque in its latest project Etihad Town Phase II. The ceremony was attended by the Etihad Group’s sponsors including Mr. Raheel Munir, Mr. Faisal Khokhar, Mr. Nabeel Khokhar & Mr. Sohail Munir, along with the company’s senior management, and their strategic sales partners and clients….