Home Blog

NRL's Profits Continue to Drop Due to Govt's Mismanagement

National Refinery Limited (NFL), another (51%-owned) subsidiary of Attock Oil Group of Companies, reported an after-tax profit of Rs 1.62 billion during the six-month period ended December 31, 2017 – down by 59.09% as compared to Rs 3.96 billion in the same period last year. Earnings per share (EPS) in the half year fell down to Rs 20.49, down...

Three Digital Banking Players to Enter the Pakistani Fintech Market

Pakistan’s financial sector has been rising rapidly as reported by the State Bank of Pakistan (SBP) and McKinsey & Company – a leading management consulting firm with a worldwide presence.Financial Technology (FinTech) is an exponentially growing technology, aiming to replace the traditional financial services.According to the bankers’ bank, three new FinTech companies are all set to start their operations...

PTCL Injects Rs. 1 Billion into U Bank

Pakistan Telecommunication Company Limited (PTCL) has injected an additional equity of PKR 1 billion in U Microfinance Bank Ltd. (U Bank), which is a wholly owned subsidiary of PTCL. This capital injection will enable the Bank to further capitalize on the growth opportunities possible in Pakistan’s microfinance sector.Given the overall economic landscape, competitive environment and the opportunity to...

Police Arrest Human Traffickers Who Smuggled Young Girls Using Social Media

Human trafficking is a serious issue in Pakistan and the networks behind these criminal activities are adopting different ways to smuggle innocent people.Social media has its advantages, especially when it comes to highlighting injustice or any other criminal activity – for instance, the most recent cases of Zainab, Naqibullah Mehsud and a few others, however, the same has also...

Apple may discontinue iPhone X after the arrival of new model

 Apple’s 10th-anniversary smartphone might be discontinued.You won’t be able to get a brand new iPhone X at a discounted price. Because the Cupertino based tech giant, Apple might discontinue the smartphone after the arrival of a new model. An analyst at KGI Securities has predicted that Apple will kill off the original iPhone X once the second-generation model...

Aisam ul Haq's Dream Run Shattered By Bryan Brothers at Australia Open

Aisam ul Haq Qureshi and his men’s double partner have been knocked out of Australian Open by Bryan brothers. Aisam’s double team enjoyed a good run overall before their hopes were ended by the American duo.Match StatisticsAisam and Matkowski faced off Bob and Mike Bryan in the quarter final which eventually ended in favour of Americans. Bryan brothers...

iPhone X to be Discontinued This Year: Report

Apple is going to discontinue iPhone X in the next few months unlike the iPhone 8 and 8 Plus.According to a new report by KGI Securities’ Apple analyst Ming-Chi Kuo on Apple Insider, the company may discontinue the phone altogether as the new model is launched, rather than retaining it.Lackluster SalesAt the end of its life, iPhone X is...

Pakistani Firm Specializing in Blockchain Solutions Gets Internationally Recognized

Blockchain is the latest emerging technology that is predicted to engulf almost every business domain and use case in the near future. It has the capability to revolutionize the banks, businesses, governments and basically any organization. Businesses and countries all over the world are shifting to this technology to make record keeping and processes secure and easy.Countries like...

Pakistanis Spent Over Rs. 20 Billion on International E-Commerce Stores in FY2017

Business to consumer E-Commerce (e-B2C) is on the rise in Pakistan as 571 local e-commerce merchants are already accepting payments through banking channels as of end-June 2017, with cumulative annual domestic sales worth Rs 9.8 billion.In addition to that, transactions worth Rs 20.7 billion were carried out by consumers on international e-commerce websites, stated State Bank of Pakistan...

Aamir Liaquat Among 1100 Pakistanis Who Bought Fake Degrees from Axact

The Axact scandal is once again in the news with its international clients allegedly getting ‘threatening’ calls from the company. While international media has raised voice in favor of the victims, Pakistani clients have not received much attention.According to sources, more than eleven-hundred Pakistanis had paid for online degrees backed by Axact-led universities. Similarly, BBC had also unveiled...