A truly Shariah-compliant product is a must for the Islamic banking model to be sustainable While the Islamic Banking industry in Pakistan has been growing at a fast pace ever since its re-launch in 2002, the government is making all out efforts to develop an alternate system for all segments of the banking industry. Official sources claimed that a plan of Islamic products for National Saving Scheme (NSS) is …

  Punjab government set to launch different schemes to provide conditional / unconditional cash subsidy to destitute and poor people While fasting is the hallmark of the holy month of Ramazan, the month long Muslim observance that begins with first Ramazan is also grounded in a heightened awareness of charity. Ramazan is a month of blessings and people become more spiritually aware in this holy month and are more likely …

  Bank Alfalah launches visa corporate credit cards The Securities and Exchange Commission of Pakistan (SECP)’s online fee submission facility, launched this year has gained currency and now the Commission has been regularly receiving fee through credit cards from various countries such as Belize, Hong Kong, Netherlands, Saudi Arabia, Singapore, UAE, UK and USA. The SECP introduced the facility for online payment of fee through credit cards in its eServices …

  With its 10th anniversary, Warid Telecom has achieved yet another milestone by becoming Pakistan’s largest and fastest growing 4G LTE network in less than 6 months. The company’s triumphant progress lies in its unflinching devotion and commitment to the provision of advanced services for its valuable customers. Having attained immense popularity, Warid Telecom owes its ground-breaking repute to the numerous services it has brought forth in the last decade, …

  Worldwide IT spending has grown every year since 2005 and it was projected to increase further this year as it was raised last year. Of the US$3,673 billion spent on IT during 2013, US$922 billion was spent in the IT services industry and US$300 billion was spent on enterprise software. However, the enterprise software industry is predicted to increase more with revenue predicted to hit US$344 billion by 2015. …

  The first-ever biggest financing of local banks in the history of Pakistan Presidents of Habib Bank Limited (HBL) and National Bank of Pakistan (NBP) in a meeting with Chief Minister Punjab Muhammad Shahbaz Sharif presented an offer to countersign the project financing amounting to Rs84 billion to set up 1,200 megawatts LNG-based power plant at Bhikki Sheikhupura, which would be the first of its kind project and the biggest …

  First stoke center has also been established at Lahore general hospital For the first time in the medical history of Pakistan, a government hospital i.e., Lahore General Hospital (LGH) has started liver cancer treatment at its Interventional Neuro-Radiology Department. Credit of this great achievement goes to Senior Radiologist Dr. Muhammad Farooq who took this initiative under the supervision of Head of the Department Dr. Umair Rasheed Chaudhry by treating …

  The Punjab government is committed to bringing transparency, efficiency and accountability through the use of ICT interventions and e-Governance. The Punjab Information Technology Board (PITB), led by Dr. Umar Saif, is at the forefront of efforts by the Punjab government to help citizens gain access to technology as well as to interact with the government in a more transparent and accessible manner. The Punjab E-gateway Project, planned and executed …

  Punjab Govt considers education as a tool to development Record funds allocated for school and higher education While education is a prime factor in economic and social well being of any nation apart from a strategic tool in nation building through skill development, investment education sector is of prime importance. Punjab government has achieved several milestones in student enrolment, availability and functionality of facilities, in teacher quality and student …

  TUSDEC (Technology Upgradation and Skill Development Company) has celebrated its tenth anniversary on the completion of its first decade of existence. During the course, it has fulfilled its strategic commitments to upgrade technology and skills of various industrial sectors in order to connect Pakistan to the global value chain. It has emerged as an epitome project management and implementation agency and has implemented projects worth Rs3 billion for the …