Despite a 24.3% YoY growth in overall revenues in local currency, Jazz’s revenue decreased 2.6% in USD terms during the fourth quarter of 2022, mainly due to PKR devaluation, whereas the margins are hampered by an exponential increase in operational costs, including fuel, electricity, interest rate, and forex. An increase in fuel and electricity prices […]

Finland-Pakistan Business Council (FPBC) organized the 10th edition of its legacy Finland Pakistan Business Summit 2023 in Islamabad. This year, the summit primarily focused on expanding cooperation in the energy and education sectors to boost bilateral trade, investment, and exchange of technical expertise for shared growth and development. The summit was inaugurated by the ambassador of Finland to […]

Faysal Bank Limited (FBL) achieved the landmark of Rs.1 trillion in Balance Sheet footings with a record Profit Before Tax of Rs. 22.4 billion, 67% higher than the last year. The Board of Directors of FBL, in their meeting held on February 23, 2023, approved the financial statements of the Bank for the year ended […]

Broadhill Capital announced that the firm will target to commit equity investment of USD $15 Billion across approximately 100-150 businesses. “We expect to make non-control equity investments into businesses that have the potential to achieve 5-10x revenue growth with our capital commitment,” stated investment committee member Francis König. “We separate ourselves by our willingness to […]

Microsoft for Startups Middle East, in partnership with the Abu Dhabi Investment Office (ADIO), graduated the latest cohort of tech startups from its GrowthX Accelerator program. The conclusion of the cohort was celebrated during a Demo Day event, hosted at Abu Dhabi’s financial centre, Abu Dhabi Global Market (ADGM), with attendees including startup founders, government […]

SmartCrowd, the  region’s first DFSA regulated real estate crowdfunding platform, is joining hands with GEMS Rewards, a loyalty program from world-renowned private education provider, GEMS Education, to increase financial literacy and improve investment habits among UAE families. Through this partnership, GEMS Rewards and SmartCrowd are set to revolutionise the way UAE families understand, value, and […]

Finalis, a rapidly growing investment-banking-as-a-service platform for dealmakers, recently launched its state-of-the-art platform, Finalis Marketplace. The platform allows investment bankers, placement agents and M&A advisors to offer, find and promote deal collaboration with other dealmakers in real-time without the risk of revealing their clients’ identity. Finalis provides a unified white-labeled broker dealer platform that ensures […]

Finance Minister Ishaq Dar on Tuesday said that the present government is keen to expand IT industry in order to increase its contribution to the economic development of Pakistan. He said this while meeting with CEO Digital Ocean Yancey Spruill. SAPM on Finance Tariq Bajwa, SAPM on Revenue Mr. Tariq Mahmood Pasha, Secretary Finance, Chairman […]

JazzCash, Pakistan’s leading Fintech, and Central Directorate of National Savings (CDNS), Pakistan’s largest investment and financial institution, signed a Memorandum of understanding (MoU) for Disbursement and Collection solutions. Through this partnership JazzCash, a subsidiary of Jazz, and a part of VEON Group and CDNS will ease payment solutions for more than four million people, including […]

Recognized as the Oscars of the Asian IT industry. Popularly called the APICTA Awards, the 2022 edition is taking place in Islamabad, from December 7-11. The 21st APICTA Awards of the regional economies are being held in Pakistan for the first time since the inception of the alliance. They are being organized by the Pakistan […]