UBL launches firstever mobile contactless payments with Gemalto
UBL is the first bank in Pakistan who has partnered up with Gemalto, a Thales company, Visa and 1LINK to launch digital payment through tokenization on the UBL Digital App. The aim is to offer traditional payment services into convenient, secure and rewarding digital payment experiences. With this ambition in mind UBL will enable its […]
Non-intrusive inspection terminals set up for speedy cargo scanning
On Wednesday, the state-of-the-art non-interference inspection (NII) container scanning terminals were launched at the Eastern and Western Wharf of Bin Qasim port and Karachi Port. Ambassador of Japan, Kuninori Matsuda and Federal Board of Revenue (FBR) Chairman Shabbar Zaidi inaugurated the NII terminals. These terminals will facilitate the increased volume of cargo traffic at Pakistani […]
JS Bank launches ‘chat banking’ facility for the first time in Pakistan
JS Bank Limited on Tuesday announced the launch of the first ‘self service’ banking channel on WhatsApp in Pakistan According to a press release issued by JS Bank, the channel was launched in collaboration with Infobip and WhatsApp Business Solutions, the global leader in omnichannel engagement. At launch, the service is set up for customers […]
Foree Gets Payments License From State Bank of Pakistan
Foree is a mobile payment platform that enables users to pay anyone using QR codes, mobile number, CNIC number, email address, Twitter handle, Facebook or Foree address (a virtual payment address). State Bank of Pakistan (SBP) has granted permission to Foree to provide payment services in Pakistan. It is a universal, low-cost digital payment platform […]
Foreign SEZ investors to enjoy full ownership benefit in Pakistan
The federal government has decided in principle that foreigners who invest in Special Economic Zones (SEZs) will be entitled to 100 per cent ownership and there will be no condition regarding the minimum amount of investment. A high-level committee has also been set up to review a proposal that non-resident Pakistanis be given a tax […]
PayPal becomes first member to exit Facebook’s Libra Association
US payments processor PayPal said on Friday it was leaving Libra Association, the entity managing the Facebook-led effort to build global digital currency Libra, making it the first member to exit the group. PayPal said it would forgo any further participation in the group and would instead focus on its own core businesses. In response, […]
Running a successful E-Commerce venture with Shayaan Tahir, HomeShopping
Shayaan Tahir, CEO and Founder – HomeShopping explains the dynamics of E-commerce industry in Pakistan and the journey of HomeShopping so far.
Disrupting Pakistani financial eco-system with Fawad Abdul Kader, NiFT
Fawad Abdul Kader, Head of Digital Financial Services – NiFT sheds light on the state of Pakistani financial landscape and how much potential it has.
ExxonMobil signs deal with Pakistani company for LNG supply to transport sector
Global energy giant ExxonMobil has signed a deal with a private company in Pakistan to supply liquefied natural gas (LNG) with the government planning to gradually move out of the import business. The agreement was signed between Universal Gas Distribution Company (UGDC) – the first private company to get gas marketing licence – and ExxonMobil […]
Parliaments across the world now discussing Kashmir
The Kashmir issue now stands verifiably internationalised because of Pakistan’s spirited diplomacy for the cause and the snowball effect, which started with rescinding of Article 370 by the Indian government, said Foreign Minister Shah Mehmood Qureshi on Tuesday. Addressing a multiparty Kashmir conference, he said the Kashmir cause was now gathering pace by the day, […]