The Board of Directors of the Pak Oman Microfinance Bank has appointed Farooq Rashid as its new Chief Executive Officer (CEO).Rashid has more than 25 years of senior management experience, including a decade of strategic development and the promotion o…

The federal Minister for Finance and Revenue, Shaukat Tarin, chaired a meeting of the Economic Coordination Committee (ECC) of the cabinet today.The ECC approved $17.3 million for PIA-IL for the payment of recurring and one-off liabilities in respect o…

Seemingly on the insistence of commercial banks, the State Bank of Pakistan (SBP) has allowed banks and various service providers to charge a minimal fee from the Interbank Funds Transfer amounting above Rs. 25,000.The central bank directed banks to pr…

Initially, one Smart Village will be established each in Islamabad, Punjab, Balochistan, Sindh, Khyber Pakhtunkhwa, and Gilgit-BaltistanThe Ministry of Information Technology and Telecommunications (MOIT&T), through Universal Service Fund (…

A delegation of Coca-Cola Icecek (CCI Pakistan), including General Manager Ahmet Kursad Ertin, met with the Prime Minister of Pakistan and announced an investment of $50 million for a Greenfield project the company plans to set up in Haripur District,