Banking Sector
Mashreq’s 9M 2024 Profit before Tax Rises 9% YoY to AED 6.5 Billion
Mashreq’s 9M 2024 Profit before Tax Rises 9% YoY to AED 6.5 Billion, reflecting strong business activity in a healthy business environment Dubai
Meezan Bank wins ‘Best Company in Financial Category’ Award
Meezan Bank wins ‘Best Company in Financial Category’ Award at the 39th MAP Awards KARACHI ( WEB NEWS ) Meezan Bank, Pakistan’s leading Islamic bank, has been honored with the prestigious ‘Best Company in the Financial Category’ award at the 39th Corporate Excellence Awards, hosted by the Management Association of
Bank of Punjab impressive 58% growth in profit before tax
LAHORE ( WEB NEWS ) The Board of Directors of The Bank of Punjab convened on October 30, 2024, to review and approve the unaudited financial statements for the first nine months ending September 30, 2024. During the review of the Bank’s performance for the period, the Board expressed its
Bank Alfalah Launches its Alfa App and Instant Credit Digital Cheque Deposit Kiosk
Bank Alfalah Launches its Flagship New Alfa App and Pakistan’s First Instant Credit Digital Cheque Deposit Kiosk ISLAMABAD ( WEB NEWS ) Bank Alfalah, a leading commercial bank in Pakistan and the incumbent Best Bank for Digital Banking, announced the launch of its new mobile banking application, Alfa. New Alfa
Telecom
Jazz developing Pakistan’s first Local Large Language Model
Pakistan’s First Local Large Language Model to be developed in a Collaboration between Jazz, NUST, and NITB ISLAMABAD ( WEB NEWS ) Pakistan Mobile Communications Limited (Jazz) is thrilled to announce the development of Pakistan’s first Local Large Language Model (LLM) in collaboration with the National University of Sciences and
PTCL forges a strategic alliance with Systems Limited to enhance its BSS & OSS Stack
PTCL forges a strategic alliance with Systems Limited to enhance its BSS & OSS Stack at GITEX 2024 ISLAMABAD ( WEB NEWS ) Pakistan Telecommunication Company Limited (PTCL) has forged a strategic partnership with Systems Limited, a leading global SI company, at GITEX 2024 Dubai to achieve technological enhancements through
PTCL & China Mobile partner at GITEX Global 2024
PTCL & China Mobile partner at GITEX Global 2024 to enhance national, international connectivity. ISLAMABAD ( WEB NEWS ) Pakistan’s largest telecommunication and integrated ICT services provider, Pakistan Telecommunication Company Limited (PTCL) and global telecom and ICT player, China Mobile International Limited (CMI) entered a partnership at GITEX Global 2024
PTCL Group Reports 15% YoY revenue growth
ISLAMABAD ( WEB NEWS ) Pakistan Telecommunication Company Limited (PTCL), the leading telecom and ICT services provider in the country, has announced its financial results for the quarter ending Sep 30, 2024. The announcement was made during a Board of Directors meeting held in Islamabad. In 2024, PTCL Group upheld
Company News
Nokia introduces Private Wireless Sustainability Calculator to help Enterprises
Nokia introduces Private Wireless Sustainability Calculator to help Enterprises reduce environmental footprint and improve worker safety The Private Wireless Sustainability Calculator quantifies private wireless networks-enabled industrial use cases’ environmental and social handprint, allowing businesses to identify opportunities to achieve tangible sustainability gains through digitalization enabled by private wireless. The calculator
FARGO HDP5000e. Setting a New Standard for Retransfer Card Printing
HID Launches the FARGO HDP5000e in Pakistan — Setting a New Standard for Retransfer Card Printing New & enhanced features, increased card throughput & more vivid color ISLAMABAD ( WEB NEWS ) HID®, a worldwide leader in trusted identity solutions, today announces the launch of the next-generation FARGO® HDP5000e designed
Wavetec Appointed as Channel Partner by NCR
KARACHI ( Web News ) Wavetec, a leading technology company, has been appointed as the Channel Partner in Pakistan of NCR, top provider of banking & self-service solutions globally. With a legacy of over three decades in delivering innovative solutions to major financial institutions worldwide, Wavetec is poised to provide
Commerce and Industry
Industrial Estate Crucial for Islamabad’s Economic Growth: Nasir Qureshi
PIEDMC Chairman visits ICCI: Industrial Estate Crucial for Islamabad’s Economic Growth: Nasir Qureshi ISLAMABAD ( WEB NEWS ) Chairman Punjab Industrial Estate Development and Management Company (PIEDMC), Javaid Iqbal has said that every possible effort is being made to provide top-notch facilities to industrialists, ensuring ease of doing business and
Enhance export capabilities to pull Pakistan out of economic crisis. President ICCI
ISLAMABAD ( WEB NEWS ) Nasir Mansoor Qureshi, President of the Islamabad Chamber of Commerce and Industry (ICCI) has called for collective efforts to enhance Pakistan’s export capabilities and pull it out of the current economic crisis. To achieve this, he proposed utilizing various marketing strategies, including delegations and webinars,
Over $10 million in business deals signed in trade fare.
Over $10 million in business deals signed at Plastic Packaging, Corrugated, and Food Asia KARACHI ( WEB NEWS ) The 17th edition of the Plastic Packaging, Corrugated, and Food Asia International exhibition and conferences recorded over $10 million in business deals between foreign and local companies in different segments, according
Breaking News
Full Court for Petition Against 26th Constitutional Amendment. Hafiz Naeem
Hafiz Naeem ur Rehman Demands Full Court for Petition Against 26th Constitutional Amendment He criticized Nawaz Sharif for advising his daughter to buy PIA to run it under Punjab KARACHI ( WEB NEWS ) Hafiz Naeem ur Rehman, Amir of Jamaat-e-Islami Pakistan, has called for the Supreme Court to hear
The amendment, PPP and PML-N are suffocating democracy. Maulana Fazal Rehman
Maulana Fazlur Rehman Criticizes PPP and PML-N for Undermining Democracy He compared this situation to civil martial law, calling it a slap in the face of democracy. ISLAMABAD ( WEB NEWS ) Maulana Fazlur Rehman, the head of Jamiat Ulema-e-Islam (F), stated that excessive powers are being granted to institutions
The term of Armed forces 5 years and the number of SCP judges increase to 34.
National Assembly Approves Amendments on Armed Forces Chiefs’ Terms and Supreme Court Judges Opposition members protested vehemently in front of the Speaker’s dais, tearing copies of the amendment bills and shouting slogans. Senate passes ‘The Supreme Court Number of Judges (Amendment) Bill, 2024’, Services Chiefs’ Tenure Bills Islamabad (Web News)
We would go to any limit to buy Pakistan International Airlines. Ali Amin
KP Chief Minister Ali Amin Gandapur on Buying PIA Gandapur condemned attacks on Khyber Pakhtunkhwa House and stated that peaceful protests would continue despite recent arrests. He announced a gathering in Swabi on November 9, where they would pass a resolution and outline their future plans. He emphasized that the
Harris and Trump will both make a furious last-day push before Election Day
Harris and Trump will both make a furious last-day push before Election Day WASHINGTON ( WEB NEWS ) A presidential campaign that has careened through a felony trial, an incumbent president being pushed off the ticket and multiple assassination attempts comes down to a final push across a handful
The national institutions cannot be sold at throwaway prices. Abdul Aleem Khan
The privatization process of PIA is underway & will be completed soon: Abdul Aleem Khan PIA’s privatization process was transparent; everything happened in front of media cameras and was shown live. The Khyber Pakhtunkhwa government has expressed interest in purchasing PIA, stating that it would be a positive development, The
Raziyah Sultana seeks global intervention to save ailing father
Save my Father: Raziyah Sultana seeks global intervention to save ailing father Fears Tihar Jail authorities’ deliberate negligence endangers Yasin Malik’s life ISLAMABAD ( WEB NEWS ) Raziyah Sultana, the daughter of Jammu and Kashmir Liberation Front Chief Mohammad Yasin Malik, has made a heartfelt plea to the international
Broadband / Internet
IT exports surges to US$ 876 million in 1st quarter of FY 2024-25: Shaza Fatima
IT exports surges to US$ 876 million in 1st quarter of FY 2024-25: Shaza Fatima Khawaja ISLAMABAD ( WEB NEWS ) IT export remittances in Pakistan have experienced a significant increase of 33.54%, reaching US$ 876 million during the first three months of FY 2024-25 (July to September), compared to US$
Pakistani startups have raised over USD 365 million in the last two years
CEO Devsinc Usman Asif Drives IT Vision for Pakistan in Key Talks with UAE Ambassador at GITEX 2024 ISLAMABAD ( WEB NEWS ) Faisal Niaz Tirmazi, Pakistan’s Ambassador to the UAE and Usman Asif, CEO of Devsinc, Pakistan’s fast-growing IT company, engaged in a discussion on the sidelines of GITEX
Pakistani Tech Companies Shine at Singapore Tech Week under Tech Destination Pakistan
Pakistani Tech Companies Shine at Singapore Tech Week under Tech Destination Pakistan KARACHI ( WEB NEWS ) Pakistani companies exporting IT and IT-enabled services are participating in Singapore Tech Week for the first time under the banner of “Tech Destination Pakistan. Muhammad Umair Nizam, Senior Vice Chairman of P@SHA, emphasized
International News
Israel’s settlement policy in occupied territories violates international law. UN Court
Top UN court says Israel’s settlement policy in occupied territories violates international law The ruling is expected to have more effect on international opinion than it will on Israeli policies Israel has built over 100 settlements, according to anti-settlement monitoring group Peace Now THE HAGUE ( WEB NEWS ) The
Saudi Arabia calls for separate Palestinian state, rejects Israeli self-defense claim
Saudi Arabia calls for separate Palestinian state, rejects Israeli self-defense claim. New York ( Web News ) Saudi Arabia calls for the creation of an independent Palestinian state to protect the rights of the Palestinian people, the Kingdom’s deputy foreign minister said during the United Nations Security Council debate as he urged
Relatives of hostages held by Hamas storm parliament
Relatives of Israelis who have been held hostage by Hamas militants storm a parliamentary committee session demanding that the lawmakers do more to try to free their loved ones, in Jerusalem. Relatives of hostages held by Hamas storm parliament panel as domestic uproar rise. JERUSALEM ( Web News ) A
Social Media
“At Meta, we want people to have safe, positive experiences online. Dr. Priyanka Bhalla
Meta Drives Conversations on Responsible Content Creation with the Pakistani Facebook Community ISLAMABAD ( WEB NEWS ) Meta has collaborated with Ali Gul Pir – Pakistani content creator and comedian – to host a four-episode weekly podcast #CreatewithCare. It has been designed to foster candid conversations with the Facebook community
Social Champ is ensuring that its success has a positive impact on society.
LAHORE ( Web News ) Social Champ, the Martech startup providing social media management solutions, is breaking new ground in corporate social responsibility and setting an example for other businesses. As part of its social responsibility commitment, Social Champ partnered with Pledge 1% to dedicate its time and product to various philanthropic
60% people spent at least one hour using WhatsApp in past few days: Gallup & Gilani Pakistan
60% people spent at least one hour using WhatsApp in past few days: Gallup & Gilani Pakistan ISLAMABAD ( Web News ) According to a survey conducted by Gallup and Gilani Pakistan, 60% people spent at least one hour using WhatsApp in the past few days. A nationally representative sample
Education
Education Fair, Showcase Top Malaysian Universities in Islamabad
Study in Malaysia Education Fair in Pakistan to Showcase Top Malaysian Universities in Islamabad ISLAMABAD ( WEB NEWS ) The highly anticipated Study in Malaysia Education Fair in Pakistan is set to take place in Islamabad on 18th September 2024, Wyndham. This event, Organised by Education Malaysia Global Services (EMGS)
University of Saudi Arabia announces paid internships for 2024
King Abdullah University of Saudi Arabia announces paid internships for 2024 KAUST Visiting Student Research Program (VSRP) promotes collaboration across a wide array of scientific disciplines. RIYADH ( WEB NEWS ) The King Abdullah University of Science and Technology (KAUST) has announced its International Internship Program for 2024, offering 130 fully
93 Pakistanis gets fully funded Chevening & Commonwealth scholarships
93 Pakistanis heading to UK on fully funded Chevening & Commonwealth scholarships British HC Jane Marriott says the Chevening programme helps develop a new generation of Pakistani leaders & changemakers ISLAMABAD ( WEB NEWS ) Pakistani students from every corner of the country have been given British High Commissioner Jane
HEC announces Undergraduate scholarships for GB students
ISLAMABAD ( WEB NEWS ) The Higher Education Commission (HEC) has invited applications from the students of Gilgit-Baltistan who intend to pursue undergraduate studies (4/5 years BS Programmes) from HEC-recognised public sector Universities/Degree Awarding Institutions. These scholarships are being offered for the academic year 2024-25 in all areas of study/
HEC Introduces New Selection Criteria For Scholarships, MPhil And PhD Programs
HEC Introduces New Selection Criteria For Scholarships, MPhil And PhD Programs ISLAMABAD ( Web News ) The Higher education commission (HEC), a statutory body established by the government of Pakistan, has introduced a new selection process for awarding scholarships and admissions to MS/MPhil and PhD programs. Under this initiative, the
AKU hosts math games’ showcase by female educators to out-of-school girls
AKU hosts math games’ showcase by female educators to out-of-school girls KARACHI ( Web News ) The Aga Khan University Institute for Educational Development (AKU-IED) successfully concluded its weeklong celebration of the International Day of Mathematics (IDM) 2024 with a Grand Showcase inspired by this year’s theme: “Playing with Math,”
Health
Unlocking the Secrets to Radiant Health: A Comprehensive Guide
Unlocking the Secrets to Radiant Health: A Comprehensive Guide In today’s fast-paced world, achieving and maintaining radiant health is more crucial than ever. With countless distractions and demands on our time, it’s easy to neglect our well-being. However, prioritizing our health is the key to unlocking a life of vitality
Aga Khan University has received a$1.5 million grant from Wellcome Leap
Aga Khan University Receives $1.5 Million Boost to Revolutionize Treatment of β-Thalassemia and Sickle Cell Disease KARACHI ( Web News ) Aga Khan University has received a$1.5 million grant from Wellcome Leap, a leading global health innovation organization.This significant grant will support a project that seeks to transform the treatment
Digital Healthcare Solutions: EFU Health and Sehat Kahani’s Collaboration
Digital Healthcare Solutions: EFU Health and Sehat Kahani’s Collaboration KARACHI ( Web News ) SehatKahani, Pakistan’s leading digital healthcare platform, is forging a strategic alliance with EFU Health Insurance Ltd – Pakistan’s First Specialized Health Insurer, to extend online healthcare services to EFU Health’s covered members. This collaboration heralds a
Cyber Security
European countries agree on rules to protect smart devices from cyber threats
European countries agree on rules to protect smart devices from cyber threats BRUSSELS ( Web News ) EU countries and EU lawmakers on Thursday agreed to rules to protect laptops, fridges, mobile apps and smart devices connected to the internet from cyber threats following a spate of such attacks and
Dynamic laws and policies a must to cope with cyber-attacks: experts
Dynamic laws and policies a must to cope with cyber-attacks: experts ISLAMABAD ( Web News ) Over the years, Pakistan has survived numerous cyber-attacks from multiple state and non-state actors, hence dynamic policies and laws are needed to cope with the menace. This was stated by Brig. (Retd) Mohammad Yasin,
Banking malware threats surging as mobile banking increases – Nokia Report
Banking malware threats surging as mobile banking increases – Nokia Threat Intelligence Report Espoo, Finland ( Web News ) The Nokia 2021 Threat Intelligence Report announced today shows that banking malware threats are sharply increasing as cyber criminals target the rising popularity of mobile banking on smartphones, with plots aimed at stealing personal banking credentials and credit card information. The report, based on data aggregated from network traffic monitored on more than 200 million devices globally
Hackers Damage Pakistan’s Tax Data By Disrupting FBR Record
FBR experts are retrieving data and working with Microsoft to restore tax-record and online servicess ISLAMABAD ( Web News ) Website and online services of the Federal Board of Revenue have become inaccessible after hackers attacked the FBR’s network. On Saturday, the nation was celebrating Independence Day while unknown hackers
Technology
Wafi Energy becomes the majority shareholder of Shell Pakistan
Wafi Energy becomes the majority shareholder of Shell Pakistan Limited KARACHI ( WEB NEWS ) Wafi Energy Holding Limited (Wafi Energy) becomes the majority shareholder of Shell Pakistan Limited (SPL) after The Shell Petroleum Company Limited, a subsidiary of Shell plc (Shell), completes the sale of its 77.42% interest in
DWP Technologies shines at Cisco and Ingram Partner award night 2024
DWP Technologies shines at Cisco and Ingram Partner award night 2024 LAHORE ( WEB NEWS ) DWP Technologies, a division of Pakistan’s leading business conglomerate, DWP Group, has secured two prestigious accolades at the Cisco and Ingram Partner Award Night held on October 23, 2024, in Karachi. The company was
BYD Showcases Flagship Electric Vehicles at Pakistan Auto Show 2024
BYD Showcases Flagship Electric Vehicles at Pakistan Auto Show 2024, Open Bookings for BYD ATTO 3 and BYD SEAL LAHORE ( WEB NEWS ) BYD, the world’s leading New Energy Vehicle (NEV) manufacturer and pioneer in sustainable transportation solutions, participated in the prestigious Pakistan Auto Show 2024 through local partner Mega
Reporter Diary
“Theater Camp” (2023) is a mockumentary-style comedy film
KARACHI ( STAFF REPORTER ) “Theater Camp” (2023) is a mockumentary-style comedy film that has quickly become a favorite for fans of witty humor and heartwarming stories. Directed by Molly Gordon and Nick Lieberman, the movie captures the zany world of summer theater camps, where young aspiring performers and their