پاکستان میں کریڈٹ کارڈز کے سب سے بڑے فراہم اور حاصل کنندہ، بینک الفلاح ، نے اپنے کریڈٹ کارڈز کے لئے جدیدکارڈ مرچنٹ نیٹ ورک Futuristic Cards Merchant Network) (کے حصول کے ذریعے اپنی کسٹمر سروسز اور ٹیکنالوجی پلیٹ فارم کی مزید بہتری کا اعلان کیا ہے۔ یہ نیا نیٹ ورک بینک الفلاح ریٹیل پارٹنر آؤٹ لیٹس میں کریڈٹ کارڈز کے ذریعے کئے جانے والے لین دین (Transactions) کی رفتار کو تیز کردے گا، اور لین دین کی صلاحیت دگنی ہو جائیگی۔
Bank consumer
Wednesday, May 28, 2014
Bank Alfalah Introduces Futuristic Cards Merchant Acquiring Network

Monday, May 26, 2014
Pak-Qatar Family Takaful Positive’ outlook
JCR-VIS assigns ‘Positive’ outlook to Pak-Qatar Family Takaful
Karachi: May 26, 2014 – JCR-VIS Credit Rating Company Limited (JCR-VIS) has maintained the Insurer Financial Strength (IFS) rating of Pak-Qatar Family Takaful Limited (PQFTL) at 'A (single A).
The outlook on the assigned rating has been revised from 'stable to 'positive.’ Given low penetra¬tion of life coverage in the country, market dynamic for companies offering Life insur¬ance/ Family Takaful product remains favorable. PQFTI is one of the two Family Takaful operators in Pakistan.
Thursday, May 22, 2014
PTCL Teams Up With SAP for Cloud-Based HR Innovation
In the first deal of its kind in the country, PTCL will
employ a series of solutions from SAP company “Success Factors” to streamline
vital HR processes and unlock new avenues of employee productivity.
The move is set to add additional momentum to the company’s
ambitious and expansive business strategy, which recently helped deliver a 31
per cent increase in the first quarter as compared to the same period of last
year.
“The telecommunications market in Pakistan is fiercely competitive,
and only those with the vision and ability to adapt with latest technology
specially with people’s capability management will stand out. PTCL HR & IT
has decided to implement state of the art systems to boost up the capability
development of employees and feels
immense pleasure and pride to be the
first company in Pakistan to introduce one of the best internationally
recognized talent management solution “Success factor” in the company (whoever will be present in the conference)
“Cloud computing is all about simplicity, efficiency and
return on investment, and we are proud set an industry-wide example with our
adoption of this technology. The drive to innovate has been part of our DNA
since day one, and SAP is the right company with the right solutions, at the
right time to help us improve our performance.”
PTCL will adopt a series of Success Factors solutions
encompassing the complete Talent Management Cycle including Employee Profile
and Organization Chart, Visualization, Goals & Performance, Succession
& Career Development, Compensation Planning, Learning Management and
Recruiting. All solutions come with built-in reporting and dashboards for
real-time, strategic performance insight.
“Cloud computing is here to stay, and it is having a huge
impact on the way businesses like PTCL can run and plan for the future,” said
Gergi Abboud, Managing Director of SAP in Gulf and Pakistan, speaking at the
SAP Forum in Karachi.
“To stay ahead of the competition, companies must not only
sense the present, but see the future and proactively shape it to their
advantage. PTCL understands this as we have now entered an era where CIO takes
major technology decisions in collaboration with other CXOs. Cloud is now all
about driving business innovation and agility, enabling new processes and
insights that were previously impossible”, added Abboud.
Globally, SAP is the fastest growing company at scale in the
cloud, gaining market share and growing six times faster than its largest
competitor. The company’s annual cloud run rate stood at €1.06 billion by close
of Q4 2013, representing a 160% year-over-year subscription revenue growth.
SAP currently has more than 35 million cloud users. This
includes the leading social business platform with over 12 million users, the
world’s largest business network with more than 1.4 million connected companies
transacting over $500 billion in commerce on an annual basis, and the largest
business cloud implementations in the world, with more than 2 million users.
SAP’s cloud portfolio encompasses the market’s leading public
cloud application portfolio (number one in Human Capital Management, procurement,
business networks, and social business collaboration), as well as the
most-trusted private cloud environment.
Tuesday, January 21, 2014
National Bank of Pakistan have new CEO and Presidnet.
Ishaq Dar finally find the "suitable" person to
head countries largest financial institute National Bank of Pakistan (NBP).
Syed Ahmed Iqbal Ashraf Ex group chief NBP now appointed as Chief Executive of
the bank.
Media information issued by NBP said that Syed Ahmed Iqbal
Ashraf, Managing Director / Chief Executive Officer of PAIR Investment Company
Limited, appointed President and CEO.
Syed Iqbal has over 33 years of International banking
experience serving in senior positions in United Kingdom, United States of
America, Middle East and Pakistan.
Ashraf is a Fellow of
Association of Chartered Certified Accountants (FACCA) from England, where he
was educated. He started his career in banking in UK. After working in the UK,
U.S. and U.A.E. for 19 years, he returned to Pakistan.
NBP President post was vacant since July ,2013 after the
resignation of Asif Borhi on the allegation of miss conduct. Instead
appointment full time CEO newly powered federal government give acting charge
to Asif Hassan.
There were very strong roomer that Munir Kamal will be appointed President
and CEO of the bank. Sources says that
his appointment summery was ready and in any day it will be approved by Prime
Minister. Munir Kamal also see very closed with PM Nawaz Shareef during youth
loan scheme related events.
Prior to joining PAÏR Investment Company Limited as MD/CEO,
Mr Ashraf served as a Group Chief of NBP, as the Deputy Managing Director
/Director of Pak China investment Company, and as Managing Director and Chief
Executive Officer of Bank of Khyber.
He has also served as Country Head Investment Banking &
Head of Financial Institutions for Societe Generale (SG) –The French
International Bank of France from 1996 to 2002. His main achievements at SG
were the appointment as the Financial Advisor to Privatization Commission of
Pakistan for the successful privatization of United Bank Limited. During his
tenor with SG, he also successful arranged numerous syndicated facilities as
the sole Arranger. He was appointed in the SG consortium as Financial Advisor
for privatization of PESCO, by the Privatization Commission.
He has also worked with Habib Bank Limited as Executive Vice
President - Head of Investment Banking. He set up Investment Banking function
at HBL, and has won numerous mandates.
SAEED AHMAD ASSUMES CHARGE OF DEPUTY GOVERNOR, STATE BANK OF PAKISTAN
Government of Pakistan increased
number of deputy governor (DG) State Bank of Pakistan (SBP) and appoint Saeed
Ahmad as third deputy governor of the central bank. SBP announced
Federal government issued the
notification of appointment of Saeed Ahmad as deputy governor State Bank of
January 20, 2014. And today he assumed the charge. According to the
notification Saeed Ahmad appointment is for the 3 years and will be extended
further. No additional benefits given to newly appointed DG. Saeed Ahmad has same terms and conditions as
approved for the two present working Deputy Governors, SBP.
According to sources in central
bank newly appointed DG will be looking after development of Islamic Bank and Riba
free financial system.
Agriculture credit disbursement rose 13.5 percent.
Pakistan Agriculture credit on
the rise and farmers are shifting their financial need toward banking system.
State Bank of Pakistan issued the six monthly agriculture loan credit figures,
which shows that banks disbursed Rs 159.3 billion. Last year banks provide Rs.
140.3 billion to aggri sector. It shows
increased about 13.5 %.
Banks achieved 44% of their
annual indicative targets of Rs 360 billion despite multitude of challenges
such as high non performing loans, recovery drive, insufficient bank’s infrastructure
and overall security and macroeconomic conditions.
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