Tag: financial

FINCA organises ‘Financial Literacy Programme’ to educate customers and general public

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PR:  FINCA, one of Pakistan’s leading micro-finance banks, organised a ‘Financial Literacy Programme’ for its customers and members of the general public. The aim of the video-based awareness programme, held at FINCA’s Johar Town Branch, was to educate customers and raise awareness about microfinance banks amongst those members of society with limited access to financial services. […]…Read More

American Embassy and PTA Jointly Hold Seminar on Financial Inclusion and E-Commerce Opportunities

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article image  PR: The U.S. Embassy Islamabad, in conjunction with the Pakistan Telecommunications Authority (PTA), hosted a day-long seminar on financial inclusion and e-commerce.  In addition to a panel discussion on financial inclusion in Pakistan, representatives from MasterCard spoke about how the company assists with establishing financial inclusion in other countries.  Another panel discussed the convergence of fixed/mobile […]…Read More

FFC announces financial results for Q1Y2018

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PR:  Fauji Fertilizer Company Limited (FFC) has announced first quarterly results for the year 2018. FFC created a new first quarterly benchmark in terms of record all products revenue of Rs. 21.67 billion The Company attained ‘Sona’ urea sales of 573 thousand tonnes during the quarter. Dividend income is recorded at Rs 349 million. Consequently, net […]…Read More

Telenor Group and Ant Financial in strategic partnership to deliver inclusive financial services in Pakistan

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PR: Telenor Group has reached a strategic partnership agreement with Ant Financial Services Group (“Ant Financial”) in Pakistan, where Ant Financial will invest USD 184.5 m for a 45% stake in Telenor Microfinance Bank (“TMB”), a subsidiary of Telenor Group, to further develop TMB’s mobile payment and digital financial services. The MoU was signed today at […]…Read More

Itu fintech center inks agreement with Karandaaz Pakistan for financial inclusion through technological solutions

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PR: Information Technology University (ITU) of the Punjab and Karandaaz Pakistan entered into an agreement to initiate three research projects through the Fintech Center established at ITU. The three specific academic researches undertaken by this FinTech Center will improve the existing knowledge on women’s use of digital financial services and the barriers they face. The research […]…Read More

Fintech to revolutionize Financial sector of Pakistan by mid-2018

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Pakistan’s financial sector by the mid of 2018 will be revolutionized by Fintech. PTA, telecom regulator, speeding up online transactions across all mobile phone networks, in a similar way we make a phone call from one network to another. PTA trying to lift financial inclusions and is planning to award Third Party Service Providers’ licenses […]…Read More

NIFT and 1LINK agree to collaborate on Digital Financial Service

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article image PR: 1LINK (Guarantee) Limited and National Institutional Facilitation Technologies (Pvt) Limited (NIFT) under the guidance of SBP recently, signed a Memorandum Of Understanding (MOU). The MOU was signed by Mr. Najeeb Agrawalla, CEO, 1LINK and Mr. Haider Wahab, CEO, NIFT. The signing ceremony took place at 1LINK office. Mr. Najeeb Agrawalla, CEO of 1LINK commented, “The […]…Read More

ECOSF strives to promote Science, Engineering, Technology and Innovation (SETI) in the ECO Region

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article image The Economic Cooperation Organization Regional Planning Council (ECORPC) 28th meeting held in Islamabad to review progress on the implementation of the ECO-approved programs/projects and to consider proposals for new programs and projects for 2018-2019. While addressing in the meeting President ECO Science Foundation Dr. Manzoor Soomro said, since its inception, ECOSF has transformed itself into […]…Read More

NBP and Karandaaz Join Hands for a Stronger Digital Financial Ecosystem

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PR: National Bank of Pakistan (NBP) and Karandaaz Pakistan have joined hands to create a more robust digital financial ecosystem in Pakistan through implementation of an Application Programming Interface (API) management platform for NBP. This technology platform implementation is focused particularly on digitizing Government to Person (G2P) and Person to Government (P2G) transactions. Mr. Azfar Jamal, Executive […]…Read More

Consultative session on financial ecosystem by SCEP

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The Securities and Exchange Commission of Pakistan (SECP) has organized an informative session at its head office to consult about agricultural warehousing regulations and commodities-based collateral and financing ecosystem. Several stakeholders from the State Bank of Pakistan, officials from the ministry of agriculture has attended the session along with others such as Zarai Taraqiyati Bank, […]…Read More