Broadcast Republic

Islamic Banking deposits in Pakistan have surged to Rs. 7.4 trillion, contributing to a 22% year-on-year growth in total domestic bank deposits, which now stand at Rs. 31 trillion. The rise is attributed to a combination of high-interest rates, financial inclusion efforts, mobile banking growth, and increased foreign remittances. With over 79 million depositors, the Deposit Protection Service ensures 93.4% of domestic depositors are covered, reinforcing public trust in the banking system. The strong deposit growth has also led to a rise in premium collections from both conventional and Islamic banks. #BroadcastRepublic #IslamicBanking #BankDeposits #PakistanEconomy #MobileBanking #ForeignRemittances #BankingGrowth #Fiscal2024 #DPCReport 🌐 Read More: broadcastrepublic.com

In November 2024, Roshan Digital Account (RDA) inflows totaled $186 million, a slight decrease from October's $204 million. The total RDA inflows since the program's launch in September 2020 have reached $9.139 billion. Of this, $1.687 billion has been repatriated, and $5.798 billion has been utilized locally. Additionally, 768,394 RDAs have been opened, with 10,807 new accounts in November. #BroadcastRepublic #RoshanDigitalAccount #PakistanEconomy #ForeignInvestment #RDAInflow #PakistanFinance #IslamicInvestments 🌐 Read More: broadcastrepublic.com

The KSE-100 index of the Pakistan Stock Exchange - PSX reached a new all-time high of 114,301.80 points, up 0.11% on Friday. Despite a range-bound session, investor interest surged in the oil sector, and the banking sector faced pressure. Weekly average trading value reached a record Rs. 60 billion, with the index posting an impressive 4.8% weekly gain and an 83% return in 2024 so far. #BroadcastRepublic #PSX #StockMarket #KSE100 #RecordHigh #PakistanEconomy #InvestorInterest #OilSector #StockTrading 🌐 Read More: broadcastrepublic.com

Gobi Partners has unveiled the $50 million TechXila Fund II to back Pakistani startups in sectors like fintech, e-commerce, health tech, logistics, and SaaS Labs. Partnering with The Bank of Punjab, the fund will provide equity investments, mentorship, and tailored financial products. This initiative follows the success of Techxila Fund I, which supported 22 startups and impacted millions of low-income households. The collaboration aims to foster innovation, create jobs, and strengthen Pakistan's entrepreneurial ecosystem. #BroadcastRepublic #GobiPartners #TechxilaFund #PakistaniStartups #Innovation #Entrepreneurship #Fintech #Ecommerce #HealthTech #SaaS 🌐 Read More: broadcastrepublic.com

Only 38,000 of Pakistan's 2.3 million freelancers have bank accounts, hindering IT export remittances. A high-level government meeting led by the Finance Minister unveiled steps to simplify banking, boost IT exports, and strengthen the digital economy. A dedicated working group will address these challenges and drive growth. #BroadcastRepublic #PakistanIT #Freelancers #DigitalEconomy #ITExports #EconomicGrowth #FreelancingInPakistan 🌐 Read More: broadcastrepublic.com

Mari Petroleum Company Limited (MARI) has overtaken Oil & Gas Development Company Ltd. Pakistan to become the largest company on the Pakistan Stock Exchange - PSX by market capitalization, valued at Rs. 984 billion. The rise is linked to hydrocarbon discovery expectations and bonus share announcements. #BroadcastRepublic #MariPetroleum #OGDC #PSX #MarketLeaders #PakistanEconomy #StockExchange #BusinessNews 🌐 Read More: broadcastrepublic.com

Indus Motor Company Ltd (INDU) will pause its production activities from December 16 to December 31, 2024, for annual maintenance. This suspension will impact the facility responsible for assembling and manufacturing Toyota vehicles in Pakistan. The company is the official assembler, manufacturer, and distributor of Toyota and Daihatsu vehicles in the country. #BroadcastRepublic #ToyotaIndus #PakistanAutoIndustry #ToyotaPakistan #ProductionUpdate #AutoNews #BusinessNews 🌐 Read More: broadcastrepublic.com

Jazz, Pakistan’s top digital operator, has earned the ‘Best Operator in a Growth Market’ award at the World Communication Awards (WCA) 2024 in London. This recognition celebrates Jazz's efforts in enhancing digital access and bridging gaps in underserved communities across Pakistan, contributing to the country's digital transformation. Saima Kamila Khan, Jazz’s Chief Legal Officer, accepted the award on behalf of the company, highlighting their commitment to digital inclusion and socio-economic development. #BroadcastRepublic #Jazz #DigitalTransformation #WCA2024 #BestOperator #Pakistan #TelecomInnovation #DigitalInclusion #TechForGood 🌐 Read More: broadcastrepublic.com

Symmetry Group Limited (PSX: SYM) has signed six new contracts for digital services, projecting revenue exceeding PKR 300 million. Clients include the State Bank of Pakistan (SBP), Pakistan Banks' Association, Onic Pakistan, Jubilee Life Insurance, English Biscuit Manufacturer, and Colgate-Palmolive. #BroadcastRepublic #SymmetryGroup #DigitalServices #BusinessGrowth #TechContracts #PKRRevenue #DigitalTransformation 🌐 Read More: broadcastrepublic.com

 Infinix has secured the top spot in Google’s 2024 search trends for the tech category in Pakistan. Dominating the rankings with three top spots, the brand’s innovative smartphones, including the NOTE 30, NOTE 40, and HOT 50 Pro, continue to shape the future of technology, particularly in fast charging. Infinix’s commitment to empowering the youth through cutting-edge technology has set new benchmarks in the industry. CEO Simon Feng expresses pride in this recognition, pledging to continue delivering transformative experiences in 2025. #BroadcastRepublic #Infinix #GoogleTrends2024 #TechInnovation #PakistanTech #InfinixNOTE30 #InfinixNOTE40 #HOT50Pro #YouthEmpowerment 🌐 Read More: broadcastrepublic.com