To prepare and implement a roadmap to ensure sustainable market-led financing of housing projects and mortgages in order to promote the development of housing and construction industry in the country, the Governor State Bank of Pakistan, Dr. Reza Baqir, formed a Steering Committee on Housing and Construction Finance last week. The Committee constituted members including […]

Pakistan Stock Exchange is pleased to announce that Mr. Nadir Rahman has joined (PSX) as Chief Operating Officer. Nadir has extensive, hands-on experience of capital markets in Pakistan and internationally, stretching over 29 years. His core areas of expertise are business development, operations, investment management, and corporate restructuring. He has advised on numerous capital market […]

Global insurer AXA has announced a new collaboration with The Western Union Company, which specializes in cross-border, cross-currency money movement and payments, to provide inclusive insurance products to Western Union’s customers. By linking insurance to money transfer services, the partnership will help to better cover migrant workers and their families at home. An initial pilot, […]

To provide mutual fund industry further relief in fulfilling regulatory compliance requirements during the COVID-19 pandemic, the Securities and Exchange Commission of Pakistan (SECP) has extended the timeline for Asset Management Companies (AMCs) to meet investor’s suitability assessment requirements, stipulated in Circular No 2 of 2020. The extended timeline is July 24, 2020. SECP’s suitability […]

The National Incubation Center has announced that its alumni startup, Xylexa, has raised a pre-seed round of investment. Xylexa is using Artificial Intelligence and Machine Learning to develop a computer-aided diagnostics platform, for automated, accurate, timely, and cost-effective medical image diagnosis. Using pathology-verified data, Xylexa’s computer vision and ML algorithms analyze and interpret a patient’s […]

Jazz, Pakistan’s leading digital communications company, has further cemented its position as the undisputed telecom industry leader with a massive on-net family of more than 62 million subscribers including 18.2 million Super 4G users. Ever since the launch of Jazz Super 4G in February 2018, the company has recorded phenomenal growth in its 4G user […]

 Virgin Mobile UAE has announced the appointment of Rob Beswick as the new Managing Director. Rob’s vision for Virgin Mobile UAE is to build on Virgin Mobile UAE’s position as the customer champion by creating a benchmark digital model for the mobile industry. By embracing next-generation technology, such as 5G, he is committed to leading […]

Abu Dhabi Islamic Bank, a leading financial institution, announces the appointment of Mohamed Abdel Bary as Group Chief Financial Officer. Mohamed Abdel Bary joins ADIB from Standard Chartered Bank, where his most recent role was as Regional CFO for Africa & the Middle East.  He has over 24 years’ experience working with a range of […]

UnionPay International, Wemsol Private Limited and Bank AL Habib jointly announce today the launch of UnionPay QuickPass (NFC/Contactless and HCE) acceptance on Keenu POS terminals in Pakistan, where consumers can make safe and quick payments by tapping their UnionPay cards at KEENU POS terminals at more than 7,000 merchant locations in Pakistan. This is the […]

HSBC launched today Hong Kong’s first remote business account opening solution targeting small and medium enterprises (SMEs). Business owners can now open an account anytime and anywhere, without having to schedule face-to-face or video meetings with the Bank or submitting physical documents and signature. The application process is completely digitized and paperless. The innovation builds […]