Dewan Motors: Leading the Way in Electric Vehicle Charging

Dewan Motors Pvt. Ltd., the country’s authorized BMW importer, have teamed up to boost the electric vehicle (EV) infrastructure in Pakistan. Dewan had launched the first Plug-in Hybrid Vehicles in Pakistan with BMW brand back...

Branchless Banking Flourishes with 16 New Entrants in 1QFY24

Embracing a dynamic shift, sixteen banks and Microfinance Banks (MFBs) have broadened their horizons by venturing into Branchless Banking (BB) services in the first quarter of FY24. This strategic move is highlighted in the...

Retail Transactions in Pakistan Surge to Rs. 134 Trillion

Experience a substantial uptick in retail transactions as Pakistan sees a noteworthy 4.2% surge in volume and an impressive 22.4% increase in value during the first quarter of fiscal year 2024, concluding on September...

Islamic Banks Assets Skyrocket, Surpassing Rs. 8 Trillion Mark

In a testament to the increasing acceptance and reach of Islamic banking, the assets of Islamic banks have surged, reaching an impressive figure of over Rs. 8 trillion by the end of September 2023....

Startup Funding in Pakistan Takes a Hit, Records $75.6 Million in 2023

Startup funding landscape in Pakistan has experienced a challenging year, witnessing a significant downturn with investments plummeting to $75.6 million in 2023, as revealed by Data Darbar. This marks a substantial 77.2 percent year-on-year...

Cybersecurity Breach Exposes Fraudulent Activities in FBR’s Sales Tax System

In a concerning development, hackers have successfully infiltrated FBR's sales tax system, manipulating sales tax returns of legitimate taxpayers to claim false sales/purchases and illicitly obtain tax credits and refunds amounting to billions. The Federal...

Pakistan Stock Exchange’s KSE-100 Index Records Impressive 55% Gain in 2023

Pakistan Stock Exchange's KSE-100 Index Records Impressive 55% Gain in 2023 In a significant turn of events, the Pakistan Stock Exchange's (PSX) benchmark KSE-100 Index delivered a remarkable gain of 55 percent in 2023, according...

State Bank of Pakistan Launches Sunwai Portal for Customer Complaints

To enhance customer satisfaction and streamline grievance redressal processes, the State Bank of Pakistan (SBP) has reintroduced its dedicated portal, Sunwai, to promptly address issues and complaints from bank customers. The bilingual portal, designed to...