Business

Significant Employment Boost from 3G/4G Launch in Pakistan

Since the introduction of 3G/4G services in Pakistan after the successful spectrum auction in June 2014, the telecom sector has been a significant source of employment generation. According to documents, approximately 200,000 jobs (both direct and indirect) have been created in the industry.

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BankIslami Appoints New President and CEO

Rizwan Ata, the current Group Head of Distribution, has been promoted by the board of directors and appointed as the new CEO and President of BankIslami for a three-year term. He will assume office on September 29, 2023, replacing Syed Amir Ali, who is leaving to join Meezan Bank as the deputy CEO.

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Gold Prices Experience Weekly Fluctuations in Pakistan

The price of gold in Pakistan experienced a slight decline on Saturday, reaching Rs. 222,800 per tola at the end of the week. According to data from the All-Pakistan Sarafa Gems and Jewellers Association (APSGJA), the cost of 24-carat gold increased by Rs. 1,000 per tola to reach Rs. 222,800, while the price of 10 grams rose by Rs. 85, closing at Rs. 191,015.

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