The Pakistan Engineering Council (PEC) is doing something big to bring in more money for engineering projects in the country. They’re starting a plan to get both local and foreign investors interested. One of the things they’re doing is setting up Technical Arbitration Tribunals. These tribunals will be made up of experts who will listen…
The government is seeking assistance from the World Bank to handle the mounting burden of capacity payments in response to the surge in solar power generation in the country. The private sector’s adoption of solar panels has surged to a significant capacity of 6,800 megawatts (MW), with more individuals opting for off-grid solutions by installing…
To ensure BISP (Benazir Income Support Programme) beneficiaries receive their financial aid directly into their bank accounts, banks and Microfinance Banks (referred to as banks) are instructed to initiate account openings for beneficiaries. Initially, this framework will be piloted in Karachi and Lahore before potentially expanding to other cities. A. Onboarding of BISP Beneficiaries: Banks…
EdfaPay, a leading FinTech company from Saudi Arabia, has unveiled its ambitious plan to extend its financial technology services globally. The company aims to achieve this goal through a strategic partnership with Digikhata, a prominent financial firm based in Pakistan. This collaboration signifies a significant move towards elevating the standards of FinTech services in the…
Islamabad is gearing up to launch its largest Information Technology Park (IT Park) through a collaborative effort between the public and private sectors, as reported by The News on Thursday. This initiative is in line with Prime Minister Shehbaz Sharif’s commitment to bolstering Pakistan’s IT exports. A vast plot spanning 3.3 acres in Sector G-10…