Meezan Bank, Pakistan’s leading Islamic bank has recently signed a Memorandum of Understanding (MoU) with Pakistan Freelancers Association (PAFLA), to extend specialized banking services to the freelance community. The MoU was formalized at a signing ceremony held at Meezan House, Karachi, attended by key representatives from both organizations including Mr. Zia ul Hassan – Group…
Nestlé Pakistan extended a corporate contribution worth PKR 5 million, as part of its philosophy of Creating Shared Value (CSV), to support Pakistan Red Crescent Society’s (PRCS) efforts towards social welfare and relief work. Talking at the event, Jason Avanceña, CEO, of Nestlé Pakistan said, “Our collaboration with PRCS over the years has taken many…
A recent study by the Pakistan Institute of Development Economics (PIDE) points to extensive government involvement as a major impediment to Pakistan’s GDP growth. Launched on Wednesday, the report highlights the pressing need for a shift away from “absolute policies” on import substitution and export promotion. VC PIDE Dr. Nadeemul Haq, Deputy Chairman of the…
Sehat Kahani, the pioneering health-tech startup, has successfully raised $2.7 million in a Series A funding round, led by Amaanah Circle, a prominent Singapore-based health tech fund helmed by Dr. Razi Yousuf. Notable investors include Epic Angels, a female-only investor collective, Cross Fund, USAID Investment Promotion Activity (IPA), Augmentor, Impact Investment Exchange (IIX), and the…
In a recent announcement, the State Bank of Pakistan (SBP) revealed its holiday on Monday, December 25, 2023, in observance of Quaid-e-Azam Day and Christmas. This public holiday, declared by the Government of Pakistan, will result in commercial banks also closing their doors for three consecutive days, spanning Saturday, Sunday, and Monday. The central bank,…
National Foods Limited, a leader in the food industry, hosted the National Spice Summit 2023 on December in Karachi. This successful event brought together key stakeholders and players in the red chili value chain for a day of insightful round table discussions. In response to the dynamic shifts in the regulatory landscape of export markets and…
In observance of Quaid-e-Azam Day/Christmas holiday, the Pakistan Stock Exchange (PSX) will be closed on December 25, 2023. This public holiday, declared by the Government of Pakistan, will see the PSX Limited shuttered for the day. Read More: Explore 2024’s Holidays Calendar with 6 Extended Weekends A formal announcement from the PSX on Wednesday notified…
In a remarkable move, Regal Automobiles has decided to slash the price of its locally assembled Seres 3 Electric Vehicle (EV) in Pakistan, merely a month after its official launch. The company attributes this significant reduction to the strengthened position of the Pakistani rupee against the US dollar and adjustments in duty and levies for…
Discover the comprehensive list of public and optional holidays scheduled for the year 2024, as released by the Cabinet Division. The official notification, released on Wednesday, outlines 11 public holidays, kicking off with the observance of Kashmir Day on 5 February. In addition to these public holidays, the government has designated 3 bank holidays and…
The 63rd meeting of Meezan Bank Shariah Board held at Darul Uloom, Karachi under the Chairmanship of Justice (Retd.) Muhammad Taqi Usmani, along with other members of the Shariah Board, Dr. Muhammad Imran Ashraf Usmani, Sheikh Esam Mohamed Ishaq and Mufti Muhammad Naveed Alam (Resident Shariah Board Member). Meezan Bank’s Founding President and CEO, Mr….
