Web Desk — By amending its prudential regulations the State Bank of Pakistan (SBP) takes a step forward to facilitate microfinance banks (MFBs) to lend for low-cost housing and micro and small enterprises (MSEs). According to an SBP circular, “Building on measures taken in recent years to encourage financing to low-cost housing for the low-income people, the central bank has …

Web Desk — The account holders of the microfinance banks can now invest in risk-free high yielding government securities. This measure was taken by the State Bank of Pakistan (SBP) to provide greater investment opportunities to the public so as to diversify funds for this exclusive avenue. Microfinance Banks (MFBs) have been permitted to offer Investor Portfolio of Securities (IPS) …

Web Desk — Companies that deal in solar energy have expanded their business worldwide as people are rapidly moving towards alternative sources of electricity. In the United States, more people are installing solar panes on their roofs because of the falling prices, according to a report in CNet. World’s famous carmaker brand Tesla’s entry into the growing market of renewable …

Web Desk — The Critics’ Choice Awards 2022 has honored the life, work, and legacy of some of the most noteworthy names within Hollywood. Full list of winners for the best film, TV shows, and actors include; Lifetime Achievement Award Billy Crystal Film Best Picture: Belfast CODA Don’t Look Up Dune King Richard Licorice Pizza Nightmare Alley The Power of …

Web Desk — Inflation is a global phenomenon. According to the Bureau of Statistics, the annual inflation rate in Pakistan eased to 12.2% in February of 2022 from 13% in the previous month, pointing to the lowest level since November 2021. For a common man, under present circumstances, it has become an uphill task to make both ends meet while …

Web Desk — Lucky Motor Corporation (LMC) on Saturday officially launched Pakistan’s first locally assembled French automobiles brand — Peugeot 2008 SUV. Peugeot is a French brand of automobiles owned by Stellantis and Peugeot Pakistan will work under LMC that will assemble various Peugeot models including Peugeot car, Peugeot 208, and Peugeot allure 2022. CEO LMC Asif Rizvi said the …

Web Desk — The business community in Karachi has expressed grave concern over a growing menace of land grabbing amid a deteriorating law and order situation. Mohammed Idrees, President of the Karachi Chamber of Commerce and Industry (KCCI), said land grabbing activities were once again on the rise, especially in District West, Malir district, Scheme 33, and Jamshoro district, thus increasing …

Web Desk — Realmehas just announced a collaboration with Sajal Aly, a heavyweight in Pakistani film and television, as the brand ambassador for its new Realme 9 Series. Sajal’s first partnership with a smartphone brand is an exciting development, as realme is a brand that is passionate about collaborating with the movers and shakers of tomorrow, just like Sajal herself. …

Web Desk — An armored vehicle would be a good choice during these turbulent times to provide extra protection and ensure your safety. Well, maybe not the average person or family (yet), but if you are a wealthy, high-profile person who may be targeted, why not invest in a bulletproof, grenade-proof luxury sedan? If you need a ballistic solution, Inkas …

Web Desk — As Pakistan’s first and largest Islamic bank, Meezan Bank recently introduced mobile-based contactless payments to its customers through its Mobile Banking App. By using Near Field Communications (NFC) technology, the Meezan Mobile Tap & Go service allows customers to simply tap their Android smartphones at POS (Point of Sale) machines of merchant outlets that support NFC to …