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Bank Alfalah, Telemart sign deal Business April 11, 2021 KARACHI: AlfaMall, Bank Alfalah’s digital e-commerce marketplace for online shopping, on Saturday announced a strategic partnership of its business with Telemart with the aim of digitising cash transactions. This agreement will enable instant delivery of products to Bank Alfalah customers on easy monthly installments, facilitating customers with easy returns and integrating venues of merchant business., a statement said. Muhammad Yahya Khan, Digital Banking head of Bank Alfalah, said e-commerce marketplace aims to provide customers a complete shopping experience while allowing easy pre-payment options of account debit or payment through card. This further expansion in business will help digitize transactions at Telemart’s phygital stores by enabling instant delivery of products to AlfaMall customers on easy installments.” ....
Govt documents Rs60 billion worth of Rs25,000 bearer bonds Business April 9, 2021 KARACHI: The federal government has documented Rs60 billion worth of bearer bonds valuing Rs25,000 each in three months to comply with one of the conditions of the Financial Action Task Force (FATF). The documentation of bearer bonds was one of the requirements to comply with the FATF conditions, for which the government started with first withdrawing Rs40,000 bearer bonds in June 2019. Pakistan remains on the FATF grey list and the next review of the task force is scheduled for June 2021. The finance ministry on December 9, 2020 announced it would stop issuing Rs25,000 denomination bearer prize bonds and further instructed the bonds could not be cashed or redeemed after May 31, 2021. Since the announcement, the outstanding stock of this bearer bond reduced to Rs41 billion by end of February 2021 as compared with Rs101 billion in December 2020, according to statistics released b ....
Daily Times April 7, 2021 Following an abysmal performance in the previous session, bulls staged a comeback at Pakistan Stock Exchange (PSX) on Tuesday, as benchmark KSE-100 index gained 856 points by the closing bell to clock at 44,404.70 level. Tuesday’s strong performance followed series of trading sessions where Investors struggled to gain a firm foothold, ever since the benchmark KSE-100 index slipped from the recent high of 47,000 points, owing to rising Covid-19 infection cases that resulted in fresh rounds of lockdown. On Tuesday, technology sector which took the major beating in the previous sessions, was the top performer, flowing PM Imran Khan’s intentions to promote the sector by giving several incentives in the outgoing year. The PM on Monday said the establishment of Special Technology Zones (STZs) would ensure promotion of information technology in the country and directed finalization of a time-line based strategy in this regard. ....
KU announces schedule for submission of examination forms Karachi April 2, 2021 Karachi University Controller of Examinations Dr Syed Zafar Hussain on Thursday announced the schedule of submission of examination forms and fees of BCom Part-I, II, both parts and improvement of division (External) Annual Examination 2020, BA Part-I, II, both parts and improvement of division (External) Annual Examination 2020 and BSc (Pass) Part-I, II, both parts Annual Examination 2020. The examination forms and fees of BSc (Pass) would be accepted at the respective colleges of the candidates. The examination forms of BCom and BA are available against the payment of Rs100 from the National Bank of Pakistan, United Bank Limited, Habib Bank Limited, Sindh Bank, and Bank Alfalah situated at the Silver Jubilee Gate of the varsity. ....
Karachi University Announces Submission Date for Exam Forms Karachi University’s Controller of Examinations, Dr. Syed Zafar Hussain, has announced the schedule for the submission of exam forms and fees for B.Com Part-I, II, BA Part-I, II, and BSc (Pass) Part-I, II, annual examination 2020. The exam forms can be acquired from the National Bank of Pakistan, United Bank Limited, Habib Bank Limited, Sindh Bank, and Bank Alfalah situated at the Silver Jubilee Gate of the university against a challan payment of Rs. 100. The forms can be submitted to the respective colleges of the candidates. ALSO READ Candidates of BSc (Pass) Part-I or II will deposit a fee of Rs. 6,725, and those appearing in both parts will submit Rs. 11,850. ....