Pakistan’s total foreign reserves reach $8.86 billion
Pakistan’s total liquid foreign reserves stood at $8,863.8 million while reserves held by the central bank reached $3,536.9 million. The State Bank of Pakistan, in...
Tech Bulletin
Meezan Bank, PaySa join hands to expand POS payment services
Meezan Bank and PaySa have partnered to enable Point of Sale (POS) payment services to tap into the country’s booming digital payment ecosystem. PaySa, a fintech...
End of Google’s dominance? Microsoft plans to acquire 49% stake in ChatGPT owner
Microsoft Corporation is in talks to acquire a 49 percent stake worth $10 billion in ChatGPT owner OpenAI, Fortune magazine said this quoting people familiar...
Over 50 MoUs worth $100 million investment signed at Future Fest 2023
The third and closing day of Future Fest, Pakistan’s largest tech conference and expo, witnessed the signing of over 50 MoUs worth $100 million in...
SBP issues Islamic banking license to Faysal Bank
State Bank of Pakistan (SBP) has issued an Islamic banking license to Faysal Bank Limited (FBL) making it the second-largest full-fledged Islamic bank in Pakistan....
NASA capsule Orion splashes down after record-setting lunar voyage
NASA’s Orion space capsule splashed down safely in the Pacific, completing the Artemis 1 mission — a more than 25-day journey around the Moon with...
PSX goes live with Public PRIDE
After implementing the PRIDE system, which automated the listing process for debt and equity issues, Pakistan Stock Exchange (PSX) has gone live with Public PRIDE...
SECP incorporates 2380 new companies
The Securities and Exchange Commission of Pakistan (SECP) registered 2,380 new companies in November 2022, indicating an increase of 10% as compared to the corresponding...
ADB okays $554m loan for Pakistan for flood-relief support
The Asian Development Bank (ADB) approved $554 million in financing to help Pakistan provide social protection, promote food security, and support employment for its people...
Finally! Google opens its office in Pakistan
Google has registered itself with the Securities Exchange Commission of Pakistan (SECP) and opened its liaison office in the country. A liaison office means an...