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PTCL injects PKR 1 Billion in U-Microfinance Bank

PTCL injects PKR 1 Billion in U-Microfinance Bank

U Bank serves more than 625,000 customers, where 30% of the served customers are women Pakistan Telecommunication Company Limited (PTCL) has injected an additional equity of PKR 1 billion in U Microfinance Bank Ltd. (U Bank), which is a wholly owned subsidiary of PTCL. This capital injection will enable the Bank to further capitalize on the growth opportunities possible in ... Read More »

Pakistan, Iran to resume passenger train service from September

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The passenger train service will be operated once a week and it will also turn around after a week from Iran Pakistan and Iran have decided to resume a fortnightly passenger train service before Muharram after a gap of about five years. A joint Expert Committee comprised of both Pakistan and Iranian Railways officials announced the re-opening of the service ... Read More »

Pakistan and Saudi Arabia pledges to simplify business visa issuance

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Pakistan offered tremendous opportunities in various sectors of the economy, particularly in tourism Pakistan and Kingdom of Saudi Arabia have joined hands to make the easy procedure for business visa issuance besides rationalizing the visa fee on the reciprocal basis. The development came out in the 11th session of the Pakistan-Saudi Arabia Joint Ministerial Commission (JMC), where both countries reiterated the ... Read More »

Pakistan’s Single Country Exhibition kicks off in Colombo

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Sri Lankan President Maithripala Sirisena along with Minister for Commerce attended the event After successfully organizing the similar event in 2016 and 2017, the Trade Development Authority of Pakistan (TDAP) in association with the High Commission of Pakistan in Sri Lanka is organizing “Pakistan Single Country Exhibition in Colombo from January 12 to 14, 2018 for the third consecutive year. ... Read More »

Pakistan considers NATO offer to ship Afghan supplies through Gwadar Port

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Pakistan has considered the safest and cheapest route to resupply NATO troops Pakistani authorities are considering North Atlantic Treaty Organization – NATO’s offer to use Afghan supplies through Gwadar Port. According to Pakistan authorities, the US-led NATO military coalition in Afghanistan has offered to import vital supplies vital supplies by the southwestern port of Gwadar, contacting it a lot shorter and economically ... Read More »

How to avoid getting hacked at the ATM

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Don’t become a victim of ATM skimming, here’s what you need to know Around 600 customers have lost at least Rs 10 million in Pakistan, becoming the victim of Automated Teller Machine (ATM) skimming fraud. The affected bank, Habib Bank Pvt Ltd, confirmed that skimming devices were installed on 10 ATMs in Islamabad and Karachi. Soon after, the bank block all ... Read More »

Singer, Waves and Link Well to merge into One Company

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Name of the post-merger company will be Waves Singer Pakistan Ltd Singer Pakistan Limited and Cool Industries Limited the makers of Waves brand of home appliances and Link Well Limited have agreed to merge their operations and business through share swap ratio. According to company sources board of directors permitted the draft and merger scheme is topic to the approval ... Read More »

Renault, Al-Futtaim sign accord to assemble Renault vehicles in Pakistan

Groupe Renault and Al-Futtaim signed agreements to exclusively assembly and distribute Renault vehicles in Pakistan.

Renault aims to bring latest products and cutting-edge technology and set new benchmarks of safety and quality in Pakistan BOULOGNE-BILLANCOURT, France, (November 20, 2017) — The world’s renowned car company, Groupe Renault and Al-Futtaim signed agreements to exclusively assembly and distribute Renault vehicles in Pakistan. The assembly plant will be established in a brand new state-of-the-art plant in Karachi. Fabrice ... Read More »

‘Made in Pakistan’ Expo to be organised in UK

'Made in Pakistan' Expo to be organised in UK

Pakistani community wants progressive and prosperous Pakistan as they had extreme love for it United Kingdom-Pakistan Chamber of Commerce and Industry (UKPCCI) will jointly organise a “Made in Pakistan” Expo in Britain in October 2018 in order to promote Pakistani products in the local market. The announcement emerged from a statement of UK-Pakistan CCI president Chaudhry Muhammad Sadeeq, who accompanied ... Read More »

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