The Auditor General of Pakistan (AGP) has unearthed massive irregularities in the National Bank of Pakistan (NBP) from 2012 to 2020, causing the national exchequer a loss of over Rs. 235 billion.According to details, the audit has been carried out by t…
Here’s How Much Funding Pakistani Startups Raised in 2021
2021 was a monumental year for the Pakistani startup ecosystem. A large number of startups raised multiple rounds in the year including the likes of Bazaar, Abhi, TAG, and many more helping the ecosystem raise 450 per cent more than 2020.Looking back a…
Rupee Starts 2022 With Losses Against the US Dollar
The Pakistani Rupee (PKR) has kicked off 2022 by reversing last week’s gains against the US Dollar (USD) in the interbank market today. It depreciated by 23 paisas against the greenback after hitting an intra-day high of Rs. 176.1 against the latter du…
Federal Cabinet approves holding LG elections in Islamabad through EVMs
The Federal Cabinet has approved provision Electronic Voting Machines to the Election Commission of Pakistan to hold Local Government elections in the Islamabad Capital Territory through EVMs.Briefing media about the decisions taken by the federal cabi…
Govt to Set up National Institute of Intelligence & Security Studies at QAU
The federal government has decided to establish an institute, called the National Institute of Intelligence and Security Studies (NISS), at Quaid-e-Azam University (QAU).Sources told ProPakistani that the federal cabinet on Tuesday approved the proposa…
HBL’s Online System Goes Down For The Millionth Time
Habib Bank Limited (HBL), Pakistan’s largest and most profitable bank, has once again left its customers in a lurch with either interrupted or no service at branches, ATMs, online, and related mobile banking channels.The system of HBL has yet again col…
Tech and IT Companies Allowed to Set Up Digital Bank Under New SBP Framework
The IT, technological, and financial service providers will now be allowed to set up or sponsor a digital bank, as the State Bank of Pakistan (SBP) has launched its new licensing and regulatory framework. SBP will accept applications till March 31 and …
IT Ministry Devises Strategic Framework for the Launch of 5G
The Ministry of Information Technology and Telecommunications has devised strategic plans and guidelines for the launch of 5G in the country, proposing that various institutions should start working in this direction in their respective areas.The Minis…