Author: yasir

At the Digital Pakistan session at Davos, Arsen Tomsky, Founder and CEO of inDrive, discussed Pakistan’s digital economy, its growth potential, and the steps needed to support the country’s transition toward an inclusive digital economy through fair choice. The session brought together a distinguished panel of speakers, including Maria Basso, Head of AI Applications & Impact at the World Economic Forum; Khalifa AlShamsi, CEO, e& life; Zarrar Sehgal, Chairman, Pathfinder Group; and Muhammad Salman Ali, CEO, VRG. Tomsky positioned Pakistan as a priority market within inDrive’s global mission to challenge injustice. “I believe that three assets make Pakistan especially powerful:…

Zong, Pakistan’s leading information services and technology innovation company, has reinforced its strategic focus on digital intelligence innovation and sustainable development by expanding its collaboration with Knowledge Platform. The partnership, now in its fourth year, was formalized at a signing ceremony held at Zong headquarters. Through this collaboration, Zong continues to scale its Digital Scholars Program, a flagship initiative designed to bridge educational divide through technology-enabled learning in the underserved communities of Pakistan. The program focuses on digitizing the learning experience for Grades 9 and 10, it has transformed conventional learning models by introducing interactive digital classrooms, gamified educational content,…

Pakistan’s leading digital microfinance bank, Mobilink Bank, has achieved ISO/IEC 27001:2022 certification, which is a globally recognized standard for Information Security Management Systems (ISMS) awarded to organizations that meet international standards for data security. The achievement demonstrates the strength of Mobilink Bank’s information security governance, its systematic approach to managing cyber risks, and protecting customer data through internationally recognized best practices. Globally, the ISO/IEC 27001:2022 is widely regarded as the gold standard for establishing, implementing, maintaining, and continually improving an ISMS. The certification provides a structured, risk-based framework to safeguard information assets against evolving threats and ensures the confidentiality, integrity,…

United Bank Limited (UBL) has successfully completed a large-scale core banking data migration with AUTON8 in six months, transitioning data from Ex-Silkbank’s Temenos T24 core banking system to UBL’s Symbols platform. The program encompassed customer accounts records across 105 branches and was executed with zero critical data loss within six months, ensuring complete accuracy, reconciliation, and uninterrupted operational continuity. The initiative addressed significant technical challenges, including high-volume data processing within restricted banking windows, complex mapping across account structures, branch codes, customer identifiers, and GL/symbol hierarchies, as well as the remediation of legacy data quality issues. To accelerate repeatable conversion cycles…

The book building process of Pak Qatar General Takaful Limited’s IPO will start today and continue till 22nd January where high net worth individuals and institutional investors will subscribe to 75 percent of the issue size while the remaining 25% will be allocated to general public. Under the current offering, PQGTL will issue 30 million shares, with a floor price of Rs. 10 per share and a ceiling price of Rs. 14 per share. Of the total offering, 22.5 million shares (75%) will be allocated to institutional investors, while 7.5 million shares (25%) will be offered to the retail public.…

The Sustainable Tourism Forum & Expo (STF) 2026, organized by the Islamic Chamber of Commerce and Development (ICCD), concluded successfully in Karachi after a high-level dialogue aimed at strengthening multilateral tourism cooperation among OIC member states. Under the theme “Transforming Tourism for Community Development”, the forum brought together ministers from Islamic countries, senior policymakers, investors, tourism leaders, and industry experts from across the OIC region and beyond to explore sustainable tourism development, investment opportunities, and community-driven growth. The forum was organized under the patronage of the Ministry of Commerce (MoC) and the Board of Investment (BOI), Government of Pakistan, in…

United Bank Limited (UBL) has successfully executed a PKR 75 billion Interest Rate Swap (IRS) with Jazz, Pakistan’s leading digital operator, marking the largest interest rate swap ever concluded in the country. The transaction enables Jazz to hedge interest rate risk on its long-term local currency debt, enhancing cash-flow predictability and strengthening its financial risk management framework. The deal further reinforces UBL’s pioneering role in developing Pakistan’s derivatives and hedging markets, setting benchmarks for scale, structure and execution, while supporting the evolution of sophisticated risk-management practices among corporates. UBL acted as the sole counterparty and structuring bank for the transaction,…

TCL, Pakistan’s No. 1 LED TV brand, has announced an exciting New Year Sale in collaboration with Alfamall by Bank Alfalah, offering consumers an opportunity to upgrade their home entertainment experience with exclusive discounts and flexible payment options. Running from 1st January to 27th January, the New Year Sale allows customers to shop directly from the TCL Flagship Store on Alfamall and enjoy up to 10% OFF on a wide range of TCL and iFFALCON products, including the latest QD Mini LED, QLED, and UHD televisions. As part of the campaign, customers can benefit from a 0% markup installment plan…

Oil and Gas Development Company Limited (OGDC), the operator of the Nashpa Exploration License, on Tuesday announced another major oil and gas discovery at its exploratory well Baragzai X-01 (Slant), located in Kohat district of Khyber Pakhtunkhwa. The discovery has been made over the Samana Suk and Shinawari formations. The well tested positive during Cased Hole Drill Stem Test (CHDST-03) in the Samana Suk and Shinawari formations, flowing 3,100 barrels of oil per day (BOPD) and 8.15 million standard cubic feet per day (MMSCFD) of gas through a 32/64-inch choke at a wellhead flowing pressure of 3,010 pounds per square…

Pak-Qatar General Takaful Limited (PQGTL), IPO’s registration is in full swing which started on 16th January and will continue till 22nd January. Being the first-ever General Takaful company to be listed at PSX, Pak-Qatar Group Company is set to raise up to Rs. 420 million on January 21–22, during its book building process. Following the IPO, PQGTL will become the first dedicated general (non-life) takaful operator to be listed on the Pakistan Stock Exchange (PSX). The listing forms part of PQGTL’s strategy to enhance its paid-up capital base, enabling the company to meet applicable regulatory capital requirements for non-life insurers…