The Board of Directors of Meezan Bank in its meeting held on May 05, 2020, approved the financial statements of the Bank for the quarter ended on March 31, 2020. The meeting was presided by Mr. Riyadh S.A. A. Edrees – Chairman of the Board; Mr. Faisal A. A. A. Al – Nassar – Vice […]

SECP Chairman, Aamir Khan emphasized that in these challenging times the development of the microfinance industry depends upon the resilience and risk management, achieved through quintessential pillars of liquidity-tapped through private capital and technology embracement. Khan was addressing the Non-Bank Microfinance Companies Stakeholders Forum organized by SECP to devise a way forward and collaborate strategic […]

Uber Eats has ended its operations in eight markets including Saudi Arabia and Egypt because they did not offer a clear route to becoming the number one or number two online food delivery operator. “Uber Eats did not grow quickly enough in these markets and we don’t see them as a path to profitability”. this statement […]

Adviser to Prime Minister on Finance and Revenue Dr. Abdul Hafeez Shaikh launched the Secured Transactions Registry (STR) or registration of security interests/charges created by entities other than companies on their movable assets. The launching ceremony was chaired by Dr. Abdul Hafeez Shaikh and was attended by Governor of State Bank of Pakistan (SBP), Reza […]

As people around the world are staying at home due to COVID-19, many are turning to new apps and communications tools to work, learn, access information, and stay connected with loved ones.  While these digital platforms are helpful in our daily lives, they can also introduce new online security risks. Google’s Threat Analysis Group continually […]

The Universal Service Fund (USF) awarded a contract worth PKR 588 Million to Telenor Pakistan for providing hi-speed broadband in Sanghar Lot (Sindh). Federal Minister IT& Telecom, Syed Amin ul Haque inaugurated the Next Generation Broadband for Sustainable Development project in Sanghar (Districts of Sanghar and Umerkot) at a ceremony held at Ministry of IT […]

On the approval of the federal government, National Database and Registration Authority (NADRA) offices have resumed operations countrywide to facilitate beneficiaries of Ehsaas Emergency Cash who were facing problems in withdrawing cash due to faulty biometric identification and registration of deaths of eligible family members. To get first-hand information about the facilitation being extended to Ehsaas beneficiaries […]

Karandaaz Pakistanis providing financing to Excel Labs to initiate COVID-19 testing. With this funding, Excel Labs is building its capacity to carry out an estimated 500 tests daily and more than 10,000 tests a month. This emergency response will help the country build a critical testing capacity to test, track, and control the spread of […]

President Dr. Arif Alvi on Monday approved amendments to the Companies Act, 2017, in order to provide an enabling regulatory framework to facilitate startups in the country. The Companies Act, 2017 was under review with the SECP. The Press Release, issued on Monday, read that the amendments came about based on the feedback received during […]

Starting today, Google’s own video conferencing app is now going free for all users globally, the search engine giant announced. The meet was initially launched as a premium app for paid users, but looking at the surging demand for video call services across the globe owing to the lockdowns imposed by several governments in order […]