Pakistan Business News, Economy and International Business News
Rain Financial, Inc. appoints Zeeshan Ahmed as Country General Manager, Pakistan
Karachi, April 5, 2022: Rain Financial, Inc. a global leading cryptocurrency trading platform, has appointed Zeeshan Ahmed as its Country General Manager, Pakistan. While Rain is not yet operational in Pakistan, it will be advocating for the regulation and seek licensing in the c ..
Retail Sector Contributes to 18% of Pakistan’s GDP: Razzak Dawood
Terrabiz Conferences and Chainstores Association of Pakistan (CAP) jointly hosted the 1st Future of Retail Business Summit (FOR2022) in Karachi on March 8, 2022. A central objective was to bring Pakistan’s diverse retail sector onto one cohesive platform. The sessions were ..
Gas Supply Projects worth Billions Underway in Underdeveloped Areas
The Senate Standing Committee on Petroleum was held on Thursday at Parliament House. Presided over by Senator Abdul Qadir; the meeting was attended by Senator Saadia Abbasi, Senator Fida Muhammad, Senator Prince Ahmed Omer Ahmedzai, Senator Afnan Ullah Khan, Senator Shamim Afridi ..
In the 2021 Asiamoney Brokers Poll, EFG Hermes Pakistan was named the 2021 Asiamoney Brokers Poll
EFG Hermes Pakistan, a subsidiary of EFG Hermes Holding, announced today that it has been named Best International Brokerage Firm in Pakistan for the first time in the 32nd annual Asiamoney Brokers Poll, Asia’s chief equity research poll held today on Tuesday. The Firmalso ..
First-ever HACKADESIGN is being organised by Karandaaz, Pakistan Fintech Network and Pakistan Fintech Association
Karandaaz is partnering with Pakistan Fintech Network (PFN), Pakistan Fintech Association (PFA), and IDEATE Innovation to co-host a first-of-its-kind design hackathon, HACKADESIGN. The organizers are currently calling problem solvers, ideators, UX designers, design thinkers, and ..
Workshop held: Financial Inclusion Gender Data in Pakistan: Today and Tomorrow
An online workshop titled, ‘Financial Inclusion Gender Data in Pakistan: Today and Tomorrow’ was held under a partnership titled ‘Women’s Financial Inclusion Data’ (WFID) a key platform engaged in increasing awareness about the importance of sex-disa ..
Befiler to Introduce a Digital Solution for Tax Filing with Karandaaz Support
Befiler recently won a grant for a digital experiment from Karandaaz Pakistan, a not-for-profit funded by the UK’s Foreign, Commonwealth and Development Office (FCDO) and the Bill & Melinda Gates Foundation (BMGF). Befiler participated in the recent round of Karandaaz ..
Dubai’s Top Realtors to Enter Pakistan
A multi-billion rupees investment agreement has been signed for Pakistan’s real estate sector as Dubai-based Samana Developers, one of the top 20 real estate developers in the UAE and a subsidiary of diversified Samana Group, has signed a key partnership with H&S Real E ..
Karandaaz announces funding for Six Green Transitional Projects
Karandaaz Pakistan, a non-profit entity implementing Enterprise and Asset Growth Programme funded by UK’s Foreign, Commonwealth & Development Office (FCDO), has announced its plans to fund six green transitional projects as part of its annual Innovation Challenge. With ..
Pakistan’s First-of-its-kind Infrastructure Finance Guarantee InfraZamin Commences Operations
InfraZamin Pakistan Limited, first-of-its-kind facility providing local currency guarantee solutions for infrastructure finance in Pakistan, marked commencement of its operations in Pakistan at an event held here at a local hotel. The event was hosted by Mr Allard Nooy, Chairman ..
PayFast becomes first Pakistani payment gateway to be granted Commercial License from State Bank of Pakistan
PayFast, the indigenous payments solution by APPS, is now the first payment gateway in the country to receive a commercial license from the State Bank of Pakistan (SBP) under its rules for Payment System Operators / Providers (PSO/PSP). PayFast enables merchants, billers and agg ..
Mobile Money Adoption Increased during Pandemic by 4%: Karandaaz Survey on COVID-19’s Impact on Financial Behavior
Karandaaz Pakistan held a webinar to share the findings of the recently concluded survey on the impact of COVID-19 on financial behavior in Pakistan. This survey was designed and conducted in partnership with Kantar and is preceded by six waves of the Financial Inclusion Insights ..
InfraZamin Pakistan awarded ‘AAA’ Credit Rating by PACRA
InfraZamin Pakistan Limited (InfraZamin) has been assigned the highest credit ratings possible by the Pakistan Credit Rating Agency (PACRA), with a long-term rating of AAA (Triple A) and short-term rating of A1+ (A One Plus). The strong positive rating by PACRA comes as InfraZami ..
Karandaaz Offering Grants for Digital Financial Services in Savings and Insurance
Karandaaz Pakistan is currently accepting applications from commercial banks; branchless banks; PSO/PSPs; Fintechs; non-banking financial institutions; and entities that primarily focus on the excluded segments of the population, to apply for grants to scale up their pilots that ..
Karandaaz Providing Grants to Engage Design Experts for Digital Financial Service Providers
Islamabad, 26th March 2021: Karandaaz Design Thinking as a Service Program has been subsidizing design thinking services since last year for digital financial service providers that offer products through mobile and web-based platforms. This year Karandaaz is again offering ..
Karandaaz and Haball to run a Pilot to Scale Supply Chain Payments Project
Karandaaz Pakistan, under its Pilot to Scale Program has partnered with Haball, a B2B financial technology company, to run a project that proves the significance of digitizing all supply nodes in the retail value chain for higher acceptance of digital payments. Under this particu ..
MOL Pakistan makes another discovery in TAL Block
MOL Pakistan Oil and Gas Company B.V has made a new discovery at the Mamikhel South 1 Well, in the TAL Block of Khyber Pakhtunkhwa. This marks the company’s 13th discovery in Pakistan and 10th discovery in the TAL Block. The Mamikhel South - 1 exploratory well successfully ..
Avoiding Tobacco Tax is Crime
The enemies of the economy are direct enemies of the state- tax avoiding is a crime and should be dealt with strict punishment. Tobacco multinationals smuggling their own brands into the country without paying any taxes nor duty paid and no health warning on the packs or ..
ZONG 4G Partners with Government Authorities in Multan to create awareness around COVID-19
Zong 4G, Pakistan’s leading telecommunication operator, continues working with the Government of Pakistan and its line departments in their fight against the COVID-19 pandemic. As part of this partnership with the local Government Authorities in Multan, Zong 4G will provide ..
Bower Group Asia to Discuss Investments Opportunities in Pakistan
Washington DC: A delegation of senior American business executives from Bower Group Asia called on Prime Minister Imran Khan at Embassy of Pakistan in Washington DC today to discuss the investments opportunities in Pakistan. Mr. Ernie Bower, CEO of the Bower Group Asia led the d ..