NayaPay, a local fintech platform, has partnered with international player Alipay+ to provide money transfer services and e-wallets, bank apps to facilitate the incoming foreign exchange flows as well as integrating the cashless payment systems of global markets and Pakistan. NayaPay customers can deploy QR codes compatible with both RAAST and Alipay+ payment partners, and this alliance is spec
While still in the government, the Petroleum Division has announced the nomination of Caretaker Finance Minister Dr Shamshad Akhtar as chairperson of the board of directors of the state-owned Sui Southern Gas Company Ltd (SSGCL) for another three-year term.“In recognition of her professional dedication and unwavering efforts, the government had nominated Dr Shamshad Akhtar for another tenure as ch
The federal cabinet on Tuesday formed a new inter-ministerial committee to come up with final recommendations on restructuring the Federal Board of Revenue (FBR) within a tight deadline of four days to minimise differences among different tax groups. The proposed reforms were developed in closed-door consultation with a select group of people led by Caretaker Finance Minister Shamshad Akhtar. I
Normalisation of diplomatic ties with Iran and reports about the government’s plan to settle down circular debt revived investors’ interest in the energy sector helping the benchmark KSE 100 share index to close the session near 64,000 on Monday. Topline Securities said the index commenced the week on a positive note as significant buying momentum was seen during the latter half of the trading
The government is set to hold the second auction of Sukuks at the Pakistan Stock Exchange (PSX) on Tuesday, aiming to raise new domestic debt worth Rs100 billion after securing financing at a comparatively low price in the first auction held last month at the bourse. The government has decided to gradually increase the number of auctions of its bonds through PSX, considering that investors – bo