KARACHI: To accelerate digitalisation of retail payments, the State Bank of Pakistan (SBP) has issued standards for Quick Response (QR) code-based payments in Pakistan, a statement said on Wednesday. These standards are to be met for issuing QR codes and accepting the payments through the same. This initiative is a part of the SBP’s drive … Read more
KARACHI: The board of directors of Cordoba Logistics and Ventures Limited (CLVL) has approved to acquire a 50 per cent stake in Children Clothing Retail (Private) Limited, a bourse filing said on Thursday. With an investment of Rs65 million, CC Retail will become a subsidiary of CLVL on the transfer of 50.0002 per cent stakes … Read more
ISLAMABAD: President Dr Arif Alvi has inaugurated the biometric verification system for pensioners, which will ensure transparent dispensation of the monthly amount of Rs60 billion among the country’s 1.4 million pensioners. Addressing the launch of digital facility for pensioners at the Accountant General Pakistan Revenues (AGPR), the president expressed satisfaction that the initiative would not … Read more
JERUSALEM: More than 670 European financial institutions have ties with companies that are involved in Israeli settlements in the occupied West Bank, a civil society report said on Wednesday. The report from a group of 25 Palestinian, regional and European organisations called on the companies to end all investments and financial flows into the settlements, … Read more
LONDON: Airtel Africa has signed an agreement under which Qatar Holding LLC, an affiliate of the Qatar Investment Authority (QIA), will invest $200 million in Airtel Mobile Commerce BV (AMC BV), a subsidiary of Airtel Africa Plc, a statement said. The Airtel Mobile Commerce BV (AMC BV) is the holding company for several Airtel Africa’s … Read more
State Bank of Pakistan (SBP) has enhanced refinance limits under its Rozgar Scheme to finance up to 100% of wages/salaries of businesses with average 3month wage bill of up to Rs500mn for onward payments for April, May and June, 2020. In its latest press release, mentioned on twitter handle, SBP) has enhanced refinance limits under … Read more
