Bank Alfalah,Techlets sign MoU to boost 10,000 work opportunities

10:56 AM | 1 Aug, 2020
Bank Alfalah,Techlets sign MoU to boost 10,000 work opportunities

KARACHI - Bank Alfalah and Techlets have jointly agreed to deliver an innovative and fully integrated financial solution on Walee, a mobile app and web platform ( serving Pakistan’s largest influencer marketing platform with more than 50,000 users across more than 250 cities.

“Walee, Pakistan’s everyday trade app”, operated by Techlets was launched at Influencers of Pakistan Lahore forum (www.influencersofpakistan) in November 2019 to help businesses, digital influencers, and resellers manage, measure, and monetize their e-retail collaborations using mass sales and marketing capabilities.

Bank Alfalah will facilitate online payment collection on Walee’s digital platforms through Alfa Payment Gateway, also aiding in signing up the interested SMEs and influencers as merchants for an instant merchant account or full-fledged merchant business accounts for the collection of payments online through their own digital channels. Lastly, Bank Alfalah will support opening Alfa Accounts for these influencers so they can collect payments in these accounts and perform their everyday banking. Besides, SMEs and influencers who are interested in availing payment gateway services for online payment collection can also sign up for a merchant account digitally and conveniently. Furthermore, SMEs and influencers who have signed up as merchants with Alfa Payment Gateway can also later avail merchant financing facilities.

Ahsan Tahir, CEO, Techlets explained businesses’ opportunities: “With COVID lockdowns driving record highs in digital content consumption - overall internet traffic in the country has increased by at least 15% according to PTA, with most bandwidth consumed by social media platforms. We have also seen both new and established businesses accelerate digitization of their operations and have been delivering cost-effective and impactful scaled influencer and sales programs from our trusted site – we aim to support at least 1,000 e-commerce sites by creating efficiencies and savings. By collaborating with Bank Alfalah, we will further strengthen payments for both businesses and influencers.  In addition, we are excited to partner on a mutual focus area -- financial inclusion by upskilling female influencers and women-led SMEs. For this group, we aim to strengthen our reach in second and third-tier cities, though Walee already covers about 70% of Pakistan geographically.”

Mr Adnan Nasir – Head of Digital Payments, Bank Alfalah said, “We continue to build on our innovative and flexible infrastructure to accelerate Pakistan’s digital payment growth using interoperable digital commerce payments and pioneer solutions with new and innovative partnerships, like with Techlets. We will also expand our transaction set by providing reliable and secure settlement services to influencers and businesses using Bank Alfalah accounts and wallets.”

With COVID-19 lockdowns impacting industries and causing substantial job losses, Bank Alfalah and Techlets aim to support and facilitate thousands of home-based employment opportunities and improve earning and financial management skills for at least 5,000 individuals in the next 12 months.  A refreshed online Bootcamp series will launch in July 2020 to train small businesses and individuals on how to use Walee to generate previously unavailable income streams, using e-commerce and to improve participants’digital financial literacy. In addition, Influencers of Pakistan will launch a ‘Power of Influencers’ series in July featuring Pakistan-based influencers and subject matter experts to share their experiences, industry insights and answer viewers’ questions.


Pakistani rupee inches up against US dollar, Euro, Pound, Riyal and Dirham; Check latest rates here

Pakistani rupee witnessed upward trajectort against US dollar and other currencies amid positive economic cues.

Dollar Rate in Pakistan Today

On Wednesday, the US dollar moved down and was being quoted at 283.7 for buying and 286.75 for selling.

Euro remained stable at 309 for buying and 312 for selling. British Pound rate increased to 361 for buying, and 364 for selling.

UAE Dirham AED dropped to 77.6 whereas the Saudi Riyal rate stands at 76.

Today's currency exchange rates in Pakistan - 6 December 2023

Source: Forex Association of Pakistan. (last update 09:00 AM)

Currency Symbol Buying Selling
US Dollar USD 283.7  286.75 
Euro EUR 309  312 
UK Pound Sterling GBP 361  364 
U.A.E Dirham AED 77.6 78.3
Saudi Riyal SAR 76 76.8
Australian Dollar AUD 187.72 188.22
Bahrain Dinar BHD 758.58 766.58
Canadian Dollar CAD 209 211
China Yuan CNY 39.93 40.33
Danish Krone DKK 41.41 41.81
Hong Kong Dollar HKD 36.49 36.84
Indian Rupee INR 3.42 3.53
Japanese Yen JPY 1.49 1.56
Kuwaiti Dinar KWD 923.13 932.13
Malaysian Ringgit MYR 60.97 61.57
New Zealand Dollar NZD 175.89 177.89
Norwegians Krone NOK 26.68 26.98
Omani Riyal OMR 740.01 748.01
Qatari Riyal QAR 78.36 79.06
Singapore Dollar SGD 211 213
Swedish Korona SEK 27.45 27.75
Thai Bhat THB 8.09 8.24

Gold price sees major drop in Pakistan; Check today gold rates - 6 Dec 2023

KARACHI – Gold prices in the local market continue to decline in line with the international market.

Gold Rates in Pakistan Today - 6 December 2023

On Wednesday, the price of a single tola of 24-karat gold stands at Rs219,400 and 10 grams of 24k gold costs Rs188,100. 

Each tola for 24 karat is Rs216,700, 22 Karat is Rs198,640, and 21 karat rate per tola is Rs189,613 and 18k gold rate is Rs162,525.00 for single tola.

In the global market, the precious metal moved down, and hovers around $2023 per ounce after drop of around $10.

Today Gold Rate in Pakistan

City Gold Silver
Lahore PKR 219,400 PKR 2,625
Karachi PKR 219,400 PKR 2,625
Islamabad PKR 219,400 PKR 2,625
Peshawar PKR 219,400 PKR 2,625
Quetta PKR 219,400 PKR 2,625
Sialkot PKR 219,400 PKR 2,625
Attock PKR 219,400 PKR 2,625
Gujranwala PKR 219,400 PKR 2,625
Jehlum PKR 219,400 PKR 2,625
Multan PKR 219,400 PKR 2,625
Bahawalpur PKR 219,400 PKR 2,625
Gujrat PKR 219,400 PKR 2,625
Nawabshah PKR 219,400 PKR 2,625
Chakwal PKR 219,400 PKR 2,625
Hyderabad PKR 219,400 PKR 2,625
Nowshehra PKR 219,400 PKR 2,625
Sargodha PKR 219,400 PKR 2,625
Faisalabad PKR 219,400 PKR 2,625
Mirpur PKR 219,400 PKR 2,625


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