JazzCash and KASB to drive retail investor growth

Jazzcash, the largest mobile wallet in Pakistan signed an MOU with KASB Securities tooffer retail investors access to the stock market and other investment products. KASB’sKTrade is the most popular investment app in Pakistan. Pakistan’s capital markets arestill very shallow. Only 200,000 individual investors. Jazz and KASB will leverage onfintech and target a 50x growth… Continue reading JazzCash and KASB to drive retail investor growth

Raast- Pakistan’s First Instant Payment System is here

Raast comes from the Urdu word “Raasta” which means “Direction or Way”, and so is the program launched this Monday, is anticipated to serve its purpose for the “Digital Pakistan Vision” of PM. It is the first major practical step taken to implement the “National Payments Strategy 2019” which State Bank of Pakistan (SBP) planned… Continue reading Raast- Pakistan’s First Instant Payment System is here

Daily news: 30th July 2020

Good Morning  The State Bank of Pakistan (SBP) sold Rs167.5 billion worth of market treasury bills at an auction on Wednesday, while the yields rose across the board. The Economic Coordination Committee (ECC) on Tuesday approved a Ministry of Energy’s proposal for revision in the prices of petroleum products on a fortnightly basis instead of… Continue reading Daily news: 30th July 2020

Published
Categorized as News

Daily news: 29th July 2020

Good Morning Pakistan has received $505.5 million from the World Bank under the Resilient Institutions for Sustainable Economy (RISE) programme, which will help improve the fiscal management, strengthen the government’s stabilisation drive and finance the pandemic responses, the central bank said in a tweet on Tuesday. Moody’s Investors Service sees Pakistan to make up for… Continue reading Daily news: 29th July 2020

Published
Categorized as News

Daily news: 28th July 2020

Good Morning The government will initiate tariff rationalization exercise from six economically-important sectors from next month, commerce adviser said on Monday, as the government completed two years in the office with exports on a downward trend. The rupee closed at 166.87 against the dollar, 0.23 percent up from the previous closing of 167.26 in the interbank… Continue reading Daily news: 28th July 2020

Published
Categorized as News

Daily news: 27th July 2020

Good Morning  The previous week saw the index continue with its upward trajectory, albeit at a relatively slower pace. We believe the index’s momentum hit some snags as investors likely opted to book their profits amidst the index’s recent rally. Moreover, there is an air of uncertainty regarding the index’s ability for sustained recovery in… Continue reading Daily news: 27th July 2020

Published
Categorized as News