Vibrant News

State Bank of Pakistan has issued instructions that will enable Person-to-Person (P2P) fund transfers in the country through  Raast , Pakistan’s Instant Payment System developed by the State Bank.  Raast —an Urdu word which means correct and direct—offers an instant, reliable and zero-cost digital payment system to the people of Pakistan. SBP believes that the launch of Raast P2P service will not only provide a convenient and hassle free digital fund transfer service to customers but will also provide an efficient and enabling payments infrastructure that would pave the way for digitization of the economy and promotion of digital financial services in the country. SBP has provided an explanatory video on  YouTube  and SBP’s  website  that explains to the public in simple terms how to make payments and transfer funds using  Raast . The SBP Circular is available at:  https://www.sbp.org.pk/disd/2022/C1.htm Under  Raast  Person-to-Person (P...

                      Continuing with its award-winning innovations, Huawei – the global technology leader has now introduced Sound X – a revolutionary Dual-Subwoofer Wireless Speaker in Pakistan too. The device has been exquisitely designed, in collaboration with ‘Devialet’ – the world-leading audio brand, specializing in professional acoustic technologies, to provide universal accessibility to immersive, distortion-free High-Fidelity audio, amidst a lush 360° Surround-Sound field. Over the years, Devialet’s extensive Research has created powerful sound technologies that enable suppression of background noise and low-pitched vibrations. The Marketing Manager of Huawei Pakistan stated that: It is a pleasure for us to introduce this 1.5-inch full-frequency speaker with 6 Powerful Tweeters, to deliver; 40 Hz Bass Deep and other powerful solutions like; Huawei Share; One-hop Audio Sharing and the Starry Night feature, to...

                 Global Soccer Ventures (GSV) and NED University of Engineering & Technology (NED) held the ground-breaking ceremony of the iconic landmark stadium at NED University on Wednesday. This marks the beginning of construction work on building the first stadium of the 10-year agreement to create the first soccer city stadium in Pakistan. The state of the art stadium, to be built on the Union of European Football Associations (UEFA) standard, is influenced and designed by German engineering to develop a series of football infrastructure projects in Pakistan by GSV to make the city of light a soccer city. This world-class football facility will feature an international standard academy to promote football in Pakistan. The graceful ceremony was held at the stadium site, attended by International football legend and official Ambassador of GSV Michael Owen, NED Vice-Chancellor Dr. Sarosh Hashmat Lodhi, top management of GSV and stude...

                      Since Covid-19 was a huge lay back for Pakistani cinemas, people had been anxiously waiting for fresh movies from the film industry. To fill that gap, K. K. Film Productions has scheduled the release of ‘Javed Iqbal - The Untold Story of a Serial Killer’ on the 28th of January, 2022. The movie is a period thriller starring Yasir Hussain and Ayesha Omar. The story of the movie revolves around true life story of a Pakistani serial killer and pederast by the name Javed Iqbal, who confessed to the sexual abuse and murder of 100 young boys, ranging in age from 6 to 16. He strangled the victims, dismembered the corpses and dissolved them in acid as a way to conceal the evidence.  His case attracted international media not only because he was one of the deadliest serial killers in history but because, upon his conviction, he was sentenced to die in a manner similar to that in which he had tortured and killed his ...

Standard Chartered Bank Pakistan Limited (SCBPL) once again combines its international expertise in digital space with its local knowledge to bring together a unique offering unlike any in the market. SCBPL has entered in a partnership with Haball, Pakistan’s first B2B Fintech with the aim to digitise supply chain collections for its clients and bring efficiencies in clients’ business processes. SCBPL recognises that digital connectivity is a catalyst for business growth. Through partnerships, deals and collaboration, SCBPL will continue to invest in and accelerate digital offerings, working hand-in-hand with leading fintech innovators to foster fresh ideas throughout the markets. The collaboration aims to build an enabling environment to increase the uptake of digital payments using institutional vehicles. This will create digital financial inclusion in the distribution and retail space in Pakistan. Haball is the first Fintech in Pakistan to be associated with SCBPL, supported by a go...

·           Global economic growth continues, but at a more modest pace than in mid-2021 ·           ACCA and IMA believe 2022 will see further progress towards a more normal economic environment, but Covid and inflation are the main risks ahead for 2022. The latest results from a regular  global survey  of accountants’ and finance professionals’ views about the global economy reveals their economic confidence fell by 12 points in Q4 2021, due to the rapid spread of the Omicron Covid-19 strain. Conducted during late November and early December 2021 at the start of the outbreak, the  ACCA (the Association of Chartered Certified Accountants)   and   IMA ®  (Institute of Management Accountants)   Global Economic Conditions Survey (GECS) shows that global orders were little changed in Q4, up just one point, signalling that  growth will continue at a steady pace e...

                 Haleeb Foods Limited recently joined hands with the University of Management & Technology (UMT) to conduct a Winter Clothing Donation Drive for Akhuwat Foundation. This donation drive was held for 3 days, highlighting the importance of helping out and giving back to society, encouraging students to donate winter clothing for the underprivileged. Akhuwat Foundation’s clothing bank helps many families in need and HFL takes pride in being associated with this charitable cause. Sharing her view on this collaboration the Corporate Communications Manager, Haleeb Foods – Ms. Amur Nadeem said: “We at HFL are thankful to the donors who actively participated to help the people suffering in these severe weather conditions. Haleeb Foods is highly committed towards the wellbeing and betterment of the society, helping the local community and supporting social causes.” The company continues in its mission to lend a helping hand to the c...