With the US ban on Chinese tech giant Huawei still in force, the smartphone maker has had to come up with novel ways of replacing any technology – either hardware or software – that it previously sourced from US companies. The most notable impact of the ban is Huawei’s inability to use anything made […]

  Pakistan approved the import of 300,000 tons of wheat to relieve a shortage of flour supplies that has created a crisis for the government of Prime Minister Imran Khan. Prices of flour and bread shot up last week as the ingredient disappeared from shops and wholesale markets, while bread makers shut in protest at […]

Pakistan earned $406.810 million by providing different information technology (IT) services in various countries during the first four months of current financial year 2019-20.This shows growth of 14.92 percent when compared to $353.980 million earned through provision of services during the corresponding period of fiscal year 2018-19, Pakistan Bureau of Statistics (PBS) reported. During the […]

FINCA Microfinance Bank Pakistan has secured an eight-year, Rs800 million Tier II / subordinated bilateral loan facility from Pakistan Microfinance Investment Company (PMIC) The facility marks an inaugural Tier 2 transaction by PMIC to be used by FINCA Pakistan to support its balance sheet expansion, it added. The facility will contribute towards FINCA’S Tier II […]

  National Bank of Pakistan, in continuation of its journey of digital transformation , formally launched new e-payment system, especially for retail payments, which will prove key for execution of the present government’s program of national financial inclusion and documentation of the economy. This system will work as a joint venture among NBP, Chinese Huawei […]

The Securities and Exchange Commission of Pakistan (SECP)  introduced new brokers regime. Under the proposed setup, brokers have been divided in three categories, starting with “Trading only” for those with minimum net worth of Rs15 million. Category II is for brokers with “Trading and Self Clearing” rights with minimum net worth of Rs100m, while the […]

The Punjab Government, in collaboration with a private company, has introduced a home delivery system for fruits and vegetables in Multan and Rawalpindi. Through the app, residents of the city will be able to get fruits and vegetables delivered to their doorsteps without going to the market. The launch ceremony for the initiative took place […]

Payments giant Visa is buying Silicon Valley start-up Plaid in a deal worth $5.3 billion Plaid’s API software, known for “plumbing” behind fintech companies, lets start-ups connect to users’ bank accounts. It’s well-known among fintech developers, but the average person most likely wouldn’t recognize the name. It helps developers share banking and other financial information […]

The Malaysian government is looking to expand its palm oil trade with Pakistan after the world’s biggest palm oil buyer, India, imposed new restrictions on its traders. “Pakistan is one of Malaysia’s most regular and dependable buyers of local palm oil and products,” Malaysian Primary Industries Minister Teresa Kok said, read a statement by the […]

Minister for Economic Affairs, Hammad Azhar has said that investment in the country has increased by seventy-eight percent because of the prudent policies of the government. Addressing an event in Lahore, he said that the value of rupee is now stabilizing and inflation will come down in the coming months. “Investment in the country has […]