World Bank Approves $223 million for Banking Services in Pakistan

Banking Services in Pakistan

In order to improve banking services in Pakistan and also improve living conditions of few parts in Karachi, the World Bank has approved two loans with a total of $223 million for Pakistan. Regardless of the reservations of the Planning Commission over the long-term capability of the scheme and the consultancy fees, the World Bank approved the Financial More...

by Faiza Malik | Published 5 days ago
Careem Raises Capital Funding
By Faiza Malik On Friday, June 16th, 2017
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Careem Raises Capital Funding of $150 million Investment in Latest Round

Careem in a statement released said that Careem raises capital funding of $150 million by a Saudi Arabia-based venture capital firm and now the investment capital of Careem stands at $500 million. The $150 million More...

PIA online booking
By Faiza Malik On Friday, June 16th, 2017
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PIA Online Booking and Check-in Launched for Domestic Flights

The Pakistan International Airlines has begun PIA online booking and check-in facilities for its domestic passengers for a few domestic routes. They have plans to extend the PIA online booking facility to their More...

Mobile Wallet App in Pakistan
By Faiza Malik On Thursday, June 1st, 2017
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State Bank of Pakistan Approves “SimSim” Mobile Wallet App in Pakistan

The State Bank of Pakistan (SBP) gave “SimSim” mobile wallet app in Pakistan a regulatory approval. The granted approval comes under the Branchless Banking Regulation framework formulated by SBP. “SimSim” More...

Taxes on Mobile Phone Users in Pakistan
By Faiza Malik On Saturday, May 27th, 2017
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Taxes on Mobile Phone Users in Pakistan Reduced

Announced in the proposed budget for 2017-18, the government has decided that taxes on mobile phone users in Pakistan will be reduced. The budget has proposed to reduce withholding tax and federal excise duty on More...

Anadolu group interested in Pakistan
By Faiza Malik On Tuesday, May 23rd, 2017
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Anadolu group interested in Pakistan Retail Sector

One of Turkey’s largest business conglomerates, the Anadolu group interested in Pakistan retail sector as their strategy is to invest in fresh, exciting and growing markets. The fast paced progressing rural-urban More...

ICI Pakistan acquires Wyeth manufacturing
By Faiza Malik On Tuesday, May 23rd, 2017
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ICI Pakistan acquires Wyeth manufacturing for Rs. 1.9 Billion

According to latest news, ICI Pakistan acquires Wyeth manufacturing for Rs. 1.9 billion. ICI Pakistan Ltd. announced the signing of transaction agreements for the purchase of the manufacturing facility owned by More...

First Orange Line Metro train
By Faiza Malik On Friday, May 19th, 2017
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First Orange Line Metro train rolls out of production line

The first Orange Line Metro train for Lahore has rolled out of production line in central China’s Hunan province. This is the first of the 27 Orange Line Metro trains. CRRC Zhuzhou Locomotive Co Ltd produced the More...

Pakistan horticulture exports
By Faiza Malik On Friday, May 19th, 2017
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Pakistan horticulture exports may grow up to $7billion

Also known as the food basket of Pakistan, Punjab is the most populated province of Pakistan. It is not just because of its sheer size in agriculture production, but also because of a variety and quality of grains, More...

Largest Wind Power Farm of Pakistan
By Faiza Malik On Friday, May 19th, 2017
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International Finance Corporation to Finance Largest Wind Power Farm of Pakistan

International Finance Corporation (IFC) , a member of the World Bank Group, is providing $66 million, and mobilizing a further $172 million, to help build largest wind power farm of Pakistan. The wind farm will More...