Egyptian Company To Build Low Cost Housing Units For Slum Dwellers

and lt;img src=”https://cdn.propakistani.pk/wp-content/uploads/2019/12/EKx3sqMWkAEWn5K.png” and gt; and lt;/img and gt;An Egyptian company has offered to provide financial and technical assistance to Pakistan for building housing units in the federal capital to accommodate slum dwellers living in four Katchi Abadis.This is one of the key areas that came under discussion during a meeting between Prime Minister Imran Read More…

Pakistan Manages to Pay Back $1 Billion Bonds Issued by Previous Govt

Pakistan has paid back around $1 billion on maturity of five-year international Sukuk, reported a local english newspaper.This update comes around the same time as Moody’s, a credit rating agency, upgraded Pakistan’s credit rating outlook from ‘negative’ to ‘stable’.The country had launched $-denominated Islamic bond worth $1 billion with a five-year tenor in the international bond market in November 2014, during theRead More…

HSBC to Move Assets Worth $20 Billion From Paper to Blockchain

<img src=” https://cdn.propakistani.pk/wp-content/uploads/2019/12/hsbc-virtual-corporate-account.jpg “></img>HSBC, one of the largest banking and financial services organizations in the world, is aiming to shift $20 billion worth of assets to a new blockchain-based custody platform by March.Blockchain and banking continue to push new boundaries with the relatively untested technology offering lots of promRead More…

Govt to upgrade Pakistan Refinery Limited with $1b cost

The government is planning to upgrade Pakistan Refinery Limited with an estimated cost of one billion dollar aims at achieving self-sufficiency in the refining sector and bringing down the oil import bill.Official sources told APP that we have offered the Chinese government to participate in the PRL up-gradation project, and Chinese companies are interested in it.At present, they said, around 55 percent needs of diesRead More…

SECP launches Startup portal to encourage technology innovation

The Securities and Exchange Commission of Pakistan has launched an exclusive Startup portal to encourage technology innovation in Pakistan.SECP Commissioner for Information System and Technology Department Shauzeb Ali inaugurated the portal during the ‘Startup Grind Pakistan’ conference in Islamabad.The portal features list of startups, simplified user experience for registration, access to mentors and incubation cenRead More…

Pakistan Flies Diplomats to Kashmir Site of Deadly Clashes With India

ISLAMABAD, PAKISTAN – Pakistan flew a group of about 15 foreign diplomats Tuesday to its administered part of the disputed Kashmir region and gave them a tour of the sites of deadly skirmishes this week with India.The clashes erupted on Sunday after Indian forces launched cross-border artillery fire, saying the action was aimed at deterring infiltration into the Indian-held part of Kashmir from alleged terrorist campRead More…

Senior US Diplomat Says Administration Concerned about Human Rights in Kashmir

A senior U.S. diplomat told lawmakers Tuesday the administration of President Donald Trump remains concerned about India’s clampdown on the part of Kashmir it controls, but supports India’s development goals in the region.Alice Wells, Acting Assistant Secretary of State for South and Central Asia, said in a statement presented to the House Foreign Affairs Committee, We welcome actions by the Indian government to imprRead More…

NayaPay is Now PCI DSS Certified

Preparing for its pilot operations, NayaPay (Pvt.) Ltd is now certified as PCI-DSS (Payment Card Industry Data Security Standard) compliant by Risk Associates, a leading PCI-qualified security assessor in Pakistan.PCI DSS v3.2.1 is a widely accepted set of policies and processes intended to optimize the security of card transactions and protect cardholders against misuse of their personal information. Compliance withRead More…

Experts Emphasize Working with Nature to Save Asia’s ‘Disappearing Deltas’

BANGKOK – Water and climate experts from across Asia are stressing the need to work with nature, rather than against it, to save the continent’s “disappearing deltas,” home to some 400 million people.Mounting research blames a confluence of rising sea levels driven by global warming and the damming and dredging of key rivers and their tributaries for the rapid sinking and shrinking of Asia’s seven major delta systemsRead More…