Islamabad, Sep 30: Faysal Bank Joins Hands with Mastercard and 1LINK to Launch Shariah-Compliant Co-Badged Debit Card In a landmark move poised to transform the digital payments landscape in Pakistan, Faysal Bank Limited (FBL) has announced a strategic partnership with Mastercard, a global leader in payment technology, and 1LINK, Pakistan’s foremost domestic payment switch. The Memorandum of Understanding (MoU) was signed to promote digital transformation and deliver innovative payment solutions throughout the country. The signing ceremony took place at Faysal Bank’s Head Office in Karachi, attended by key representatives, including Mr. Yousaf Hussain, President and CEO of FBL, Mr. Aneeq…
Author: Mawadat Fatima
Islamabad, Sep 30: On Sunday, Israel announced it had targeted Houthi positions in Yemen following missile attacks on Israel by the group over the past two days, adding another layer to the ongoing conflict in the Middle East. According to the Houthi-run Health Ministry, the Israeli airstrikes resulted in at least four fatalities and 29 injuries, with residents reporting widespread power outages across the port city of Hodeidah. Israel’s military confirmed that multiple aircraft, including fighter jets, attacked power facilities and ports in Hodeidah and Ras Issa. This marks Israel’s second military action against Yemen in just over two months. In…
Islamabad, Sep 30: The registration for the ‘Punjab Honahar Merit Scholarship’ program commenced across the province on Monday. This initiative aims to grant 30,000 scholarships annually to students in 68 disciplines. Beneficiaries will include students from 50 public sector universities, 16 medical colleges, and 131 graduate colleges. Over the next four years, the program will allocate 130 billion rupees in scholarships, benefiting 120,000 students during this period. In July, Punjab Chief Minister Maryam Nawaz Sharif approved the scholarship program and instructed officials to expand the number of scholarships. During a special meeting of the Higher Education Department on Saturday, the…
Islamabad, Sep 30: KP Government Announces Free Treatment for Rare Genetic Disorders A significant announcement was made during an event in Islamabad organized by the Strive Eradication of Disability Foundation (SEDF), a nonprofit focused on enhancing the lives of Persons with Disabilities (PWDs). Mohammad Yasir Khan, the founding chairman of SEDF, revealed that a proposal was submitted to officials in the Khyber Pakhtunkhwa (KP) government two months ago, and they have agreed to partner with the foundation. He stated, “The KP health department has requested a budget summary for funding, and we anticipate that patients will start receiving treatment within…
Islamabad, Sep 30: Sanath Jayasuriya full-time head coach Sri Lanka Sri Lanka Cricket has officially appointed Sanath Jayasuriya as the permanent head coach of the national men’s team. This decision follows a series of impressive performances by the team under Jayasuriya’s interim leadership, which began in July after the resignations of former head coach Chris Silverwood and consultant coach Mahela Jayawardene. Both coaches stepped down following Sri Lanka’s disappointing showing in the T20 World Cup earlier this year. Jayasuriya, a legendary figure in Sri Lankan cricket, has revitalized the team, leading them to a 2-0 victory in an ODI series…
Islamabad, Sep 30: The Federal Board of Revenue (FBR) is likely to extend the deadline for submitting Tax Return Filing by 15 days, although no official decision has been made yet. The business community has raised concerns about the difficulties they face in income Tax Return Filing, leading them to meet with Chief of Army Staff General Asim Munir to seek additional time. In a recent urgent message to the FBR Chairman, the Pakistan Tax Bar Association (PTBA) pointed out that compliant taxpayers are struggling to complete their tax returns due to the poor performance of the IRIS system. Reports have surfaced indicating…
Islamabad, Sep 30: PCB High-Performance Centres: Sarfaraz, Shoaib, and Waqar Appointed to Lead Key Roles The Pakistan Cricket Board (PCB) has appointed experienced mentors from the recently concluded Champions One-Day Cup to enhance player development throughout the country. This initiative aims to strengthen domestic cricket and foster emerging talent, with the mentors’ overseeing activities at various PCB High-Performance Centres in key cities. Former Pakistan captain Sarfaraz Ahmed will lead the Karachi high-performance academy, while veteran all-rounder Shoaib Malik is set to manage the Sialkot academy. Legendary fast bowler Waqar Younis will take charge of the Lahore academy, and Saqlain Mushtaq…
Islamabad, Sep 30: Mari Petroleum Company Limited (PSX: MARI) has announced the sale of bonus shares from non-compliant shareholders who fail to pay the required income tax. The company informed the Pakistan Stock Exchange on Monday that an 800% bonus issue, approved on September 24, 2024, was dispatched to both physical and CDC shareholders on September 27, 2024. The bonus shares will be withheld until the company collects the applicable tax from these shareholders, which will be determined based on the closing price on the first day of the book closure. If a shareholder does not pay the indicated income…
Islamabad, Sep 30: Shadab Khan’s Panthers Crush Markhors to Clinch Champions One-Day Cup Shadab Khan’s Panthers triumphed in the inaugural defeating the Markhors by five wickets at Faisalabad’s Iqbal Stadium. The Panthers successfully chased down a modest target of 123 in 18 overs, despite a few stumbles. The Markhors, opting to bat first, struggled against a disciplined Panthers bowling attack and were bowled out for 122 in 33.4 overs. Fakhar Zaman top-scored with 46, while Mohammad Hasnain and Arafat Minhas led the Panthers’ bowling with three wickets each. In response, Abdul Bangalzai anchored the chase with a vital 41. Despite…
Islamabad, Sep 30: Pakistan Digital Payment Index Set for Rollout This Pakistan Digital Payment Index will assess how effectively digital payment tools are penetrating various sectors and regions, providing insights into consumer behavior and usage. It aims to support the country’s digital transformation by measuring the adoption of digital payments through metrics like card and QR code usage, mobile payments, and contactless POS penetration. The DPI will help policymakers, financial institutions, and stakeholders identify gaps in the system, enabling targeted policy interventions and investments to improve digital payment infrastructure. Similar initiatives, such as the Mastercard Digital Payment Index in Central…
