Bank

CCP approves Alipay’s acquisition of Telenor microfinance bank limited

CCP approves Alipay’s acquisition of Telenor microfinance bank limited

ISLAMABAD – The Competition Commission of Pakistan has approved Alipay (Hong Kong) Holding Limited s acquisition of 45 percent shareholding in Telenor Microfinance Bank Limited, paving the way for the world s largest mobile payment platform s entry into Pakistan.Founded in 2004 by Jack Ma, Alipay is a part of the Alibaba Group, a Chinese multinational conglomerate specializing […]

Meezan Bank signs agreement with Hyundai Nishat Motor

Meezan Bank signs agreement with Hyundai Nishat Motor

KARACHI (Web Desk) – Meezan Bank, Pakistan’s first and largest Islamic bank and Hyundai Nishat Motor (Private) Limited – a joint venture among three leading international business; Nishat Group, Sojitz Corporation (Japan) and Millat Tractors Ltd., have recently signed an agreement for PKR 5.66 billion Islamic Finance Facility.The signing ceremony, held in Dubai, was attended by […]

Palestinian killed by Israeli fire during West Bank clash: ministry

Palestinian killed by Israeli fire during West Bank clash: ministry

JERUSALEM (AFP) – A Palestinian was killed by Israeli fire during a clash with the army in the northern West Bank on Wednesday, the health ministry in Ramallah said.An Israeli army spokeswoman confirmed that an operation had sparked a clash with Palestinians in Tammun, northeast of the city of Nablus, but had no word on […]

World Bank to undertake study on CPEC

World Bank to undertake study on CPEC

ISLAMABAD: Beijing has engaged the World Bank for undertaking a study on the China-Pakistan Economic Corridor (CPEC) as Islamabad lacks the institutional capacity to conduct evidence-based research to gauge the real potential of the $60-billion investment programme.The study covers the implementation status of CPEC and its future prospects, according to a briefing World Bank Country Director […]

128 more fake bank accounts traced, says PM Imran

128 more fake bank accounts traced, says PM Imran

Prime Minister Imran Khan has revealed that authorities have found 128 more bank accounts through which billion of rupees were laundered outside the country.“The opposition is raising a hue and cry over ‘threats to democracy’ as it is afraid of going to jails. Even enemies do not treat you the way previous governments treated the […]

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