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BAFL launches app for merchants July 30, 2021 KARACHI: Bank Alfalah Limited has introduced a new service under its digital banking portfolio called ‘Alfa Business App’ to facilitate small and medium enterprises to carry out their everyday transactions digitally, a statement said. The app would support business operators through a range of useful features. After downloading the app from Google Play Store, the users just need a valid CNIC to sign up in compliance with all regulations. Merchants would be granted an initial monthly transaction limit of Rs500,000 simply by completing the registration process. Businesses could also avail financing at the lowest mark-ups in the industry from within the application against up to 70 percent of their transactional volume. This is an automatic credit line generated based on the merchants throughput from the app. ....
Bank Alfalah and ACE Money Transfer Hold a Gold Distribution Ceremony and Announce their New Promotional Campaign News provided by Share this article Share this article MANCHESTER, England, July 29, 2021 /PRNewswire/ ACE Money Transfer, a leading cross-border remittance provider, and Bank Alfalah held a gold distribution ceremony in Lahore, Paksitan at Pearl Continental Hotel Lahore on 16th July 2021. Three 20 Tola Gold Bars were distributed among Ms Mubeshera Shadab, Ms Sultana Yasmin, Mr Abdul Mutalib, and four 5 Tola Gold Biscuits were distributed among Mr Muhammed Ahmed, Mr Muhammad Imran Munsab, Mr Muhammad Shabeer Sapra, Mr Muhammad Raza Ullah. The renowned Pakistani actress and Tamgha-e-Imtiaz recipient, Mehwish Hayat, graced the event and announced the upcoming mega promotional campaign for 2021. ....
KSE-100: stocks extend gains, index climbs by 206 points July 17, 2021 Bulls took control at the Pakistan Stock exchange (PSX) on Friday to end the week on a positive note as uncertainty around Capital Gain Tax (CGT) submission ended, lifting investors’ sentiments. On Thursday the benchmark kse-100 index had climbed past 47,800 level after posting about 206 points gain by the closing bell. The trading kicked off on an optimistic note right after the opening bell as the index climbed steadily for most part of the day and touched intraday high of 47,892.20. Investors continue to cheer up Eurobond proceeds of $1 billion, which also propped up the State Bank of Pakistan’s (SBP) foreign currency reserves to four-and-a-half-year high, which was also a major positive macroeconomic indicator. ....
KSE-100: stocks stage recovery as index climbs by 136 points Index clocks at 47,628 level; volume recorded at 191.69 million shares July 16, 2021 Market participation by retail investors ended their dry spell on Thursday which lifted benchmark kse-100 index to climb past 47,600 level after posting about 136 points gain by the closing bell. On Thursday, the trading kicked off on an optimistic note right after the opening bell as the index climbed steadily for most part of the day and touched intraday high of 47,736.13. However, the market came under selling pressure in final hours, which pared some of the gains. Market sentiments were primarily driven by the rumors of Oil discovery in Waziristan, which directed major capital to index heavyweight Oil & Gas Development Company Limited (OGDCL), said Irfan Saeed, Senior Vice President BMA Capital Management Limited. ....