Mobilink Bank, Pakistan’s leading digital microfinance institution, partnered with the National Institute of Banking & Finance (NIBAF) to share its vision and practices with the entire banking industry as a result of introducing an innovative product of Commercial Vehicle. The idea behind bringing this product is to nurture entrepreneurship and foster economic growth, generating employment…
In a cricketing feat that solidifies their resilience and skill, the Pakistan Cricket Team has achieved a remarkable milestone by never getting bowled out in a single session across multiple formats. This impressive statistic places them in an exclusive club, showcasing their consistent and tenacious performance on the field. Analysts and cricket enthusiasts have lauded…
In a strategic move, the FBR has finalized a groundbreaking scheme to impose sales tax on retailers in prominent cities like Islamabad, Karachi, Lahore, Peshawar, and Quetta. FBR finalized this initiative in anticipation to significantly boost revenue, with FBR sources projecting an initial yield of Rs. 100 billion from retailers in major cities. This figure…
In a proactive move to bolster cybersecurity defenses, the government of Pakistan has issued a total of 64 cybersecurity advisories in 2023. These advisories, strategically disseminated by the cabinet division, are designed to heighten awareness among government officials and citizens, addressing the escalating threats posed by cyberattacks. This surge in advisory issuance reflects the government’s…
Bank Alfalah Limited, one of the leading commercial banks in Pakistan, achieved two significant milestones with the launch of its 1000th branch and the surpassing PKR 2 trillion deposits, reflecting its enduring commitment to growth and further solidifying its position as a leading financial institution in the country’s banking sector. The launch of the 1000th…
In a move to streamline agreements with foreign deals, including governments, the government has recently issued comprehensive guidelines. These guidelines focus on agreements and memorandums of understanding (MOUs) with foreign governments or private entities not covered by the existing Rules of Business, 1973. The Cabinet Division acknowledged a recurring influx of queries pertaining to agreements…
The Special Investment Facilitation Council (SIFC) convened the 8th meeting of its Apex Committee to review various projects and initiatives being pursued through the platform of SIFC. Members decided to take action against smugglers, hoarders, and market manipulators, which have impacted the economic trajectory. The meeting was chaired by the Prime Minister and attended by…
In a significant development, Zong 4G, Pakistan’s leading telecom operator, has achieved Maturity Level 3 (ML3) of the esteemed Capability Maturity Model Integration (CMMI) by ISACA, marking a major boost for its digital transformation journey. CMMI, a widely recognized framework for enhancing software development practices, provides a validated collection of global best practices. This appraisal…
In a surprising turn of events, the Premium Smartphone market has witnessed remarkable growth in 2023, defying expert predictions, according to a recent report by Counterpoint Research. The in-depth analysis, based on preliminary Q4 2023 data, reveals a noteworthy trend – sales of smartphones priced above $600 have experienced an impressive 6% year-over-year growth rate….
In a significant move, the Competition Commission of Pakistan (CCP) has granted approval for a merger in the deep-sea container liner shipping services market. The approved merger involves M/S. PIL Holdings Pte. Ltd. acquiring a minor shareholding in M/s. PIL Pte. Ltd., both registered entities in Singapore. PIL Pte. holds an indirect subsidiary in Pakistan…
