Banking Sector
Payoneer Reports Record Q3 Growth with Expanding Cross-Border Opportunities
Payoneer Reports Record Q3 Growth with Expanding Cross-Border Opportunities for Pakistan’s SMBs Revenue growth, strategic B2B expansion, and a commitment to empowering cross-border trade ecosystem LAHORE ( WEB
Meezan Bank and CashNow Join Hands to Develop Digital Islamic Supply Chain Finance
Meezan Bank and CashNow Join Hands to Develop Pakistan’s First Digital Islamic Supply Chain Finance Product for Suppliers KARACHI ( WEB NEWS ) Meezan Bank, Pakistan’s leading Islamic bank, has entered into a strategic alliance with CashNow, Pakistan’s pioneering supply chain finance platform, to revolutionize Shariah-compliant supply chain finance. A
Bank Alfalah Unveils New AlfaMall with Fashion Category
Bank Alfalah Unveils New AlfaMall with Fashion Category and Buy Now, Pay Later (BNPL) ISLMABAD ( WEB NEWS ) Bank Alfalah, one of Pakistan’s leading commercial banks, proudly announced the relaunch of AlfaMall, the bank’s premier e-commerce platform and the country’s largest formal Buy Now, Pay Later (BNPL) marketplace, now
Mobilink bank honoured with multiple awards at Veon Ignite 2024
ISLAMABAD ( WEB NEWS ) Mobilink Bank, Pakistan’s leading digital microfinance institution, was celebrated with multiple prestigious awards at VEON Ignite 2024. This annual gathering brings together over 200 global leaders from VEON’s extensive network, focusing on driving digital innovation and future strategies. Mobilink Bank’s accomplishments in digital financial services,
Telecom
PUBG MOBILE Nurtures Raw Talent with Historic Esports Tournament
PUBG MOBILE Nurtures Raw Talent with Historic Esports Tournament ISLAMABAD ( WEB NEWS ) In a continuation of its commitment to nurturing raw talent from across Pakistan, PUBG MOBILE successfully concluded a historic tournament that offered aspiring Esports players a unique platform to showcase their skills. With a unique Tekken-inspired
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
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
MoU between OGDCL and PARCO – New Ventures and Energy Transaction
ISLAMABAD (WEB DESK) Oil & Gas Development Company Limited (OGDCL) and PARCO ink MOU for new projects, as part of business diversification and energy transition strategy. This MOU was signed for collaboration and Joint Venture Opportunities in the Energy Sector including Oil & Gas infrastructure projects. Both sides will constitute
Commerce and Industry
Malik Abrar lauded ICCI’s dedication to the regional business community.
“This collective effort will dismantle barriers, create opportunities, and drive the community toward greater progress and prosperity,” said Qureshi ISLAMABAD ( WEB NEWS ) Malik Abrar Ahmed, Member of the National Assembly (MNA), commended the business community’s pivotal contribution to Pakistan’s economic progress by vowing to resolve their challenges to
The critical role of the private sector for climate resilience at COP 29
OICCI highlights the critical role of the private sector for climate resilience at COP 29 Panelists discuss green financing as a catalyst for climate action in Pakistan KARACHI ( WEB NEWS ) The Overseas Investors Chamber of Commerce and Industry (OICCI) underscored the essential role of public-private collaboration in tackling
The Chamber is working diligently to promote linkages between business and academia. President ICCI
The Chamber is working diligently to promote linkages between business and academia. President ICCI ICCI to launch University students’ competition to foster entrepreneurship, Skill Development: Nasir Qureshi ISLAMABAD ( WEB NEWS ) Former President of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) and the Islamabad Chamber of
The business community’s pivotal role in national economic development. Chairman Gillani
RAWALPINDI ( WEB NEWS ) The Rawalpindi Chamber of Commerce & Industry (RCCI) welcomed Chairman Senate Syed Yousaf Raza Gillani for an insightful address to the business community. RCCI President Usman Shaukat, Senior Vice President Khalid Farooq Qazi, Vice President Fahad Barlas, Group Leader Sohail Altaf, along with former presidents
Breaking News
The importance of a fair judicial process for Imran Khan and all Pakistanis.
UK govt responds to MPs’ concerns on political situation in Pakistan LONDON ( WEB NEWS ) British Foreign Secretary David Lammy has responded to a letter from Members of Parliament (MPs) expressing concerns about the current political situation in Pakistan and issues surrounding the Pakistan Tehreek-e-Insaf (PTI) founder Imran
Smog continues to have debilitating effects on the health
Smog continues to have debilitating effects on health & routine activities of people in several parts of Pakistan LAHORE ( WEB NEWS ) Smog continues to have debilitating effects on the health and routine activities of people in several parts of Pakistan. Lahore remained one of the worst polluted cities
The negotiations with Pakistani higher-ups remained positive overall. IMF
IMF wants stringent implementation to meet targets after concluding meetings with Pakistani authorities Federal Finance Minister Muhammad Aurangzeb Says No Mini-Budget Will Be Introduced, Tax Collection Target of PKR 12,970 Billion Will Be Achieved ISLAMABAD ( WEB NEWS ) The International Monetary Fund (IMF) issued its communique on Saturday after
Judicial reforms to start from top: CJP Yahya Afridi
CJP Yahya Afridi convenes a meeting as a part of the commitment to strengthen service delivery & broaden access to justice Highlights the challenges facing Pakistan’s justice system Says feedback from all stakeholders—judges, lawyers, litigants & citizens—would be central to developing a responsive & effective system ISLAMABAD ( WEB NEWS
Senate Committee criticizes Railway Ministry for lack of transparency
Senate Committee criticizes Railway Ministry for lack of transparency, calls for action on encroached land & discontinued railway line ISLAMABAD ( WEB NEWS ) Senator Jam Saifullah Khan chaired the Senate Standing Committee on Railways held Wednesday at Old PIPS Hall, Parliament Lodges. The Senate Committee deliberated on the cases
Senate Committee recommends plan for future MDCAT exams
Senate Committee recommends plan for future MDCAT exams to be submitted by December end The Committee heard the complaints of Doctors against the Executive Director of PIMS on the Charges of racism, nepotism, workplace harassment and misuse of Government power. ISLAMABAD ( WEB NEWS ) The Senate Standing Committee on
New policy to penalize businesses issuing fake POS receipts. Chairman FBR
Senate Standing Committee on Finance and Revenue convened under the chairmanship of Senator Saleem Mandviwalla Full implementation of Islamic banking is set for 2027, yet progress has been slow. Farooq H Naik The FBR Chairman confirmed a new policy to penalize businesses issuing fake POS receipts, with a fine of
The Debt-to-GDP Ratio Should Stay Below 60%, but Our Current Ratio is 68%
Continuous Renewal of Loans Has Become Unsustainable for the Economy, Says Ikhtiyar Baig The Debt-to-GDP Ratio Should Stay Below 60%, but Our Current Ratio is 68% ISLAMABAD ( WEB NEWS ) Member of the National Assembly, Mirza Ikhtiyar Baig, stated that the continuous renewal of loans has become unsustainable for
Ministries had requested to be discussed Pakistani’s issues with UAE. Senate
Senate Standing Committee Meeting Discusses Issues Faced by Pakistanis in the UAE and Iraq, Visa Restrictions by UAE Overseas Pakistanis are a Valuable Asset to Pakistan, Contributing $32 Billion Annually, say Committee Members ISLAMABAD ( WEB NEWS ) The Senate Standing Committee on Overseas Pakistanis meeting was held under Senator
Broadband / Internet
Meta supports Pakistani creators to inspire a new wave of content
Meta supports Pakistani creators to inspire a new wave of content At the “Creators Connect” event, Meta celebrated the creators who successfully launched their WhatsApp Channels. KARACHI ( WEB NEWS ) Meta connected with content creators in Karachi through various engagements starting with an event that brought together around 40
Pakistani companies are participating in the Singapore Fintech Festival
Over 10 tech Pakistani companies are participating in the Singapore Fintech Festival The presence of Pakistani companies increased this year at the Singapore Fintech Festival as compared to last year KARACHI ( WEB NEWS ) Pakistan’s IT companies and fintech operators are looking to grab business opportunities in the fintech
IT exports surges to US$ 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
Crypto News
KuCoin the launch of GemPool featuring the innovative Swell token.
KARACHI ( WEB NEWS ) KuCoin is thrilled to announce the launch of our GemPool featuring the innovative Swell (SWELL) token. Explore GemPool and be part of the next wave of crypto innovation together with KuCoin! Don’t miss out on this groundbreaking event! What is Swell (SWELL)? Swell is the restaking
Bitcoin crosses $80,000 level for the first time after victory of Donald Trump
Bitcoin crosses $80,000 level for the first time after historic victory of Donald Trump KARACHI ( WEB NEWS ) Bitcoin surged to a record high on Sunday as traders speculated that Donald Trump’s potential return to the White House could boost the cryptocurrency sector. The digital currency crossed the $80,000
The PHIL Airdrop Campaign on KuCoin, bringing exciting rewards
KARACHI . ( WEB NEWS ) We’re thrilled to launch the PHIL Airdrop Campaign on KuCoin, bringing exciting rewards to both new users and KCS holders. KuCoin will be launching the MEME Carnival Campaign next week, complete with a mega prize pool for all participants! Stay tuned for more details! Campaign Period: From 10:00
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
The ruling class has no interest in the welfare of the public. Hafiz Naeem
Youth is the Real Asset of the Nation, There Is No Need to Lose Hope – Hafiz Naeem-ur-Rehman LAHORE ( WEB NEWS ) The Ameer of Jamaat-e-Islami Pakistan, Engineer Hafiz Naeem-ur-Rehman, stated that the youth are the real asset of the nation, and there is no need to lose hope.
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
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