Tag: 1

Karachi Team Wins 1 Million Rupees in 2017-18 StartUp Cup Finals

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article image PR:  Today, Retailistan, a team from Karachi, beat 17 other teams to take the top prize—1 million rupees—in the 2017-18 StartUp Competition finals, the fourth edition of the American Embassy-funded event.  The United States and Pakistan both benefit when Pakistan’s economy is strong and job prospects are high.  Our investment in the StartUp Cup is just one part […]…Read More

PTCL injects PKR 1 Billion in U Microfinance Bank

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PR: 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 Pakistan’s microfinance sector. Given the overall economic landscape, competitive environment […]…Read More

Floods cost US$2.7 billion losses equivalent to 1 percent of GDP

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PAKISTAN HAS varied geography with northern alpines covered with glaciers and southern plains bordering to the Arabian Sea, along with rivers flowing through the country from north to south. During monsoon season riverine flooding is usual in the low-lying areas along the rivers while flash flooding is also experienced in hilly and partial hilly areas […]…Read More

WowBox becomes number 1 free lifestyle app in Pakistan

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PR:  The digital lifestyle app by Telenor, WowBox, was launched in May 2016 in Pakistan which is fully home grown and has now become Pakistan’s number 1 free lifestyle app on Google Play Store with 1 million active users. Telenor Pakistan envisions to empower Pakistani society and has been a frontrunner in developing the digital ecosystem […]…Read More

PTCL demonstrated determination to help IT companies affected by STP 1 fire

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article image PTCL has extended its unconditional and complete support to the IT companies impacted due to the devastating fire at Software Technology Park (STP-1) on 10th September. There were a large number of IT companies based at STP 1 in Islamabad which were affected due to this incident. PTCL has already provided alternate routing of connectivity to Pakistan Software […]…Read More

Ogra to increase 1 million gas connections on Govt’s recommendation

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Recommendation for increasing number of new domestic gas connections to 1 million per year is from the National Assembly Standing Committee on Petroleum and Natural Resources and Oil and Gas Regulatory Authority (Ogra). Domestic connections will be enhanced to 100 connections in new localities said MNA Chaudhry Bilal Ahmad Virk, chairman of the committee. The […]…Read More

Australian government supports US $1 million to Pakistan

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Australian government announced additional support worth the US $1 million on Thursday to Pakistan and the United Nations World Food Programme (WFP) to improve nutrition, eradicate hunger, and attain food security through food fortification. The official launch of the National Food Fortification Strategy followed by an announcement which has support from WFP Pakistan, the National […]…Read More

Pakistani startup "Finja" raises $1 million in funding for a product to replace cash

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LAHORE - A Pakistani startup Finja that relies on the financial technology model (Fintech) has successfully raised $1 million from Stockholm-based Vostok Emerging Finance for a product that they hope will eventually replace cash. Founded by seasoned individuals from banking and technology Qasif Shahid, Monis Rahman, and Umer Munawar, Finja aims to introduce innovative financial services through the upcoming launch of a mobile wallet product…Read More

Wapda to submit $795.8m PC-1 of Tarbela project for approval

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article image STAFF REPORT LHR: In a significant development towards implementation of the 1410-MW Tarbela 5th Extension Hydropower Project, WAPDA has decided to submit PC-I of the project amounting to $ 795.8 million to the ministry for approval. This decision was made in the Authority’s meeting held in Lahore recently at WAPDA House. On the occasion, a detailed presentation was made on the PC-I of the project in the meeting by the General Manager (Tarbela Dam Project) Iqbal Masood Siddiqui…Read More