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Standard Chartered, Mastercard to Accelerate Payment Innovation in Pakistan

Standard Chartered Bank Pakistan Ltd. and Mastercard have signed an exclusive strategic partnership to accelerate payment innovation in Pakistan.This partnership is expected to expand the Bank’s existing offerings and fuel the growth of the digital pa…

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CCTV Catches Hypnotist Robber in Karachi

A robber in Karachi’s Burns Road area used hypnosis to steal from a shopkeeper. The suspect, Abdul Shahaab, was caught by the police in the Aram Bagh area after a tip-off. Shahaab is known for his involvement in pickpocketing and robberies and was cap…

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Increased FED on Cigarettes Helps Govt Generate Additional Rs. 11.3 Billion

The government’s decision of increasing federal excise duty (FED) on cigarettes in February 2023 has resulted in an additional collection of FED to the tune of Rs. 11.3 billion in the fiscal year 2022-23 (FY23) so far, an increase of 9.7 percent from …

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SBP Reserves Decline For Third Straight Week

The foreign exchange reserves held by the central bank declined by 1.7 percent on a weekly basis, according to data released by the State Bank of Pakistan (SBP) on Thursday.On May 12, the foreign currency reserves held by the SBP were recorded at $4.3…

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Death anniversary of Prof Asghar Saudai observed

The 15th death anniversary of noted poet Prof. Asghar Sodayee was observed on Wednesday.He was the man of letters, who coined a famous Pakistan Movement slogan that had put new life into the struggle for independent homeland, an endeavour that culmina…

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Pakistan, Netherlands explore flood resilience strategies

Pakistan and the Netherlands have explored integrated flood resilience strategies to enhancing the Islamabad’s climate resilience, early warning systems, water management, and spatial flood plain planning.It transpired out of a meeting between Ministe…