Analyst research offers a wide range for Aramco valuation- sources
Analysts provided wide valuation estimates for Saudi Aramco, ranging between $1.2 trillion and $2.3 trillion, fund managers who have seen research notes said, as the oil giant kick-started its initial public offering (IPO) on the local bourse. Bank analysts started showing IPO research to fund managers soon after Aramco, the world’s most profitable company, on […]
PM Imran greenlights plan for tax assessment surveys
Prime Minister Imran Khan has approved an ambitious three-year plan to conduct nationwide surveys for tax assessment, evaluating wealth parked in real estate and implementing a new value added tax system. The plan, which was approved days before the government succumbed to pressure exerted by traders, also includes setting up the Pakistan Revenue Authority by […]
Pakistan asks IMF to separate FATF from $6 billion loan programme
Pakistan has asked the International Monetary Fund (IMF) to relax conditionalities under the $ 6 billion Extended Fund (EFF) related to the Financial Action Task Force (FATF) and the issuance of sovereign guarantees to help raise more than $ 4 billion of national and international funds markets. Pakistan has budgeted around $ 3 billion […]
Finja wins in-principle approval for Electronic Money Institution from SBP
The trail blazing Pakistani fintech behind the popular SimSim mobile wallet, had received an in-principle approval from the State Bank of Pakistan for an Electronic Money Institution (EMI). The EMI license will allow Finja to aggressively expand its operations by forging a fresh set of partnerships and interconnects with select banks and ecosystem partners in […]
US Energy Giant ExxonMobil To Help Build LNG Terminal In Pakistan
Exxon Mobil, the US energy company plans to build its third largest LNG terminal as it has acquired a contract to supply liquid natural gas (LNG) to private-sector consumers. The terminal will be built in Karachi as a joint venture with Pakistan. ExxonMobil, along with Pakistan’s exploration and production companies, recently dug a shoreline to […]
C Square Enabling Pakistan Technologically with Ahsan Mashkoor, C Square Pvt. Ltd.
APTMA pledge to work with EU to make certain sustainability
Adil Bashir, chairman of the All Pakistan Textile Mills Association (APTMA) Punjab, assured to work with the European Union (EU) on all measures to secure the stability and growth of textile industry in Pakistan. Talking to EU Ambassador designate to Pakistan, Androulla Kaminara on Tuesday, Bashir said that APTMA had played an active role in […]
Citizens of KP can now call ambulances and Rescue 1122 fire brigade by using an app
Government of Khyber Pakhtunkhwa has announced a plan to provide rescue 1122 fire brigade and ambulance services to the citizens with the online ride-hailing company, Careem. This service can be availed from this week by Cream App. Initially, 50,000 citizens will have access to the facility in selected areas of the provincial capital. Both partners […]
1LINK getting Pakistan future ready with Najeeb Agrawalla, 1LINK
Discussing future of payments in Pakistan with Najeeb, 1LINK 1LINK is Pakistan’s first PSO/PSP and the defacto national payment switch. Since its inception in 2004 1LINK has consistently worked on innovating itself and has increased its propositions substantially. 1LINK was created by incorporation of 11 banks operating at the time in Pakistan which got together […]
1LINK Collaborates with PITB and SBP for e-Pay Punjab
The Ministry of Finance Punjab in partnership with State Bank of Pakistan (SBP), Punjab Information Technology Board (PITB) and 1LINK (pvt.) Limited (1LINK) have launched e-Pay Punjab app for ease of doing business and to facilitate the Business-to-Government (B2G) and Public-to-Government (P2G) payments. The launching ceremony was attended by Finance Minister Punjab Hashim Jawan Bakht, […]