Travel discounts upto 90% are happening for the first time in Pakistan

Travel discounts upto 90% are happening for the first time in Pakistan

Pakistanis are now getting more interested in traveling than ever- be it domestic or international. Not only are people exploring the hidden beauty of Pakistan, they are increasingly going abroad to discover spectacular places and amazing experiences. Eager in catering to the country’s growing travel appetite, Sastaticket.pk is launching Pakistan’s...

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SBP Launches National Payment Systems Strategy during Visit of World Bank’s President

SBP Launches National Payment Systems Strategy during Visit of World Bank’s President

Dr. Reza Baqir, Governor, State Bank of Pakistan launched the National Payment Systems Strategy (NPSS) in an event held today at its headquarters in Karachi.  President of the World Bank, Mr. David Robert Malpass was the Chief Guest at the event that was attended by key stakeholders including regulators, government...

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SBP releases its Annual Performance Review for Financial Year 2018-19

SBP releases its Annual Performance Review for Financial Year 2018-19

The Board of Directors of the State Bank of Pakistan on October 12, 2019 approved the Annual Performance Review on the working of the Bank and its subsidiaries and the financial statements for the year ended June 30, 2019. The Annual Performance Review, including financial statements of the Bank and...

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Why is 11.11 such a big deal?

Why is 11.11 such a big deal?

Why is 11.11 such a big deal? 11.11 is Daraz’ biggest event of the year. Daraz hosted its first 11.11 (localised version Gyara Gyara) on Nov 11, 2018. The e-commerce platform reported a sales volume increase of over 8x compared to an average day, with a monumental 3 million users...

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SBP releases Annual Report on The State of Pakistan’s Economy 28-10-2019

SBP releases Annual Report on The State of Pakistan’s Economy 28-10-2019

State Bank of Pakistan has released its Annual Report on The State of Pakistan’s Economy for the fiscal year 2018-19 today. According to the report, several policy measures were taken during the year to manage the twin deficits crisis. In particular, adjustment of exchange rate to market fundamentals, curtailment in...

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Banking Sector remains resilient during H1CY19

Banking Sector remains resilient during H1CY19

  State Bank of Pakistan has issued the Mid-Year Performance Review (MPR) of the Banking Sector for the calendar year 2019 (CY19). The review comprehensively covers the performance and soundness of the banking sector. According to the review, the performance of the banking sector remained satisfactory, despite challenging macroeconomic environment....

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Pakistan to remain on Grey List till Feb 2020: FATF President

Pakistan to remain on Grey List till Feb 2020: FATF President

Financial Action Task Force (FATF) President Xiangmin Liu, while expressing satisfaction over steps against terrorism and corruption, has on Friday announced that Pakistan will remain on its Grey List till February 2020. The decision was taken after a five-day plenary of the FATF. The intergovernmental organization has urged Pakistan to...

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PM Imran launches Kamyab Jawan Programme

PM Imran launches Kamyab Jawan Programme

ISLAMABAD: Prime Minister Imran Khan on Thursday launched “Kamyab Jawan Programme” for welfare of youth across the country. Addressing a ceremony in Islamabad on Thursday, he said that the most significant aspect of this programme is merit, adding that only those nations progress which acted upon merit. “Muslims have ruled...

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Daraz hires 3,000 DEX Heroes to prepare for Gyara Gyara 2019

Daraz hires 3,000 DEX Heroes to prepare for Gyara Gyara 2019

Lahore, October 16th, 2019: Daraz, the leading online marketplace, is gearing up for the upcoming Gyara Gyara sale and has hired 3,000 more DEX heroes (delivery riders) to ensure swift management of the millions of orders the platform expects to receive during the sale event. As Daraz prepares for the sale,...

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Overseas Pakistanis remit US $5.4 billion in the first three months of FY20

Overseas Pakistanis remit US $5.4 billion in the first three months of FY20

Overseas Pakistani workers remitted US$ 5478.11 million in the first three months (July to September) of FY20, compared with US$ 5557.61 million received during the same period in the preceding year. During September 2019, the inflow of workers’ remittances amounted to US$ 1747.95 million, which is 3.4% higher than August...

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