LAHORE - JS Bank, a leading financial institution renowned for its commitment to sustainable banking and fintech innovation, has signed a Memorandum of Understanding (MoU) with Beaconhouse National University (BNU), Pakistan's first not-for-profit liberal arts institution. The collaboration aims to establish a dedicated Chair in Sustainability and Fintech.
As a trailblazer in sustainable banking, JS Bank has consistently demonstrated its commitment to environmental responsibility and digital financial solutions. This alliance with BNU marks a significant milestone in advancing sustainability, climate resilience, and financial technology in Pakistan.
The Chair in Sustainability and Fintech, funded by JS Bank, will serve as a hub for research, innovation, and thought leadership in sustainability and fintech. The Chair will focus on a range of activities, including Research & Development, Policy Advocacy, Green Leadership Initiatives, as well as Educational Workshops and Training Programs.
Basir Shamsie, President & CEO of JS Bank Limited, stated, "JS Bank has always been committed to advancing sustainability and innovation. Through this MoU, we aim to catalyze research, innovation, and sustainable practices, ultimately contributing to a greener and more sustainable future."
Dr. Moeed Yusuf, Vice-Chancellor of Beaconhouse National University, commented, "We are delighted to partner with JS Bank in establishing the Sustainability and Fintech Chair at BNU. This initiative aligns perfectly with our commitment to promoting knowledge, research, and societal betterment. We look forward to leveraging our joint expertise to create meaningful impact."
This partnership serves as a testament to both institutions' unwavering commitment to fostering innovation, sustainability, and societal advancement. This collaboration is not just a milestone for the two organizations but also a significant step forward for Pakistan in aligning with global best practices.
Pakistani rupee continue to witness further losses against US dollar in the open market on despite positive economic indicators and massive surge in Stock Market.
On Tuesday, the dollar was being quoted at 285.1 for selling and 288.15 for buying purposes for customers.
Euro price moves down by Rs2 to 312 for buying and 315 for selling. British Pound rate stands at 358.5 for buying, and 362 for selling after increase.
UAE Dirham AED stands at 78 whereas the Saudi Riyal also witnessed fall and new price stands at 76.25.
|UK Pound Sterling||GBP||358.5||362|
|Hong Kong Dollar||HKD||36.24||36.59|
|New Zealand Dollar||NZD||173.44||175.44|
KARACHI – Gold continues to move upward in local market amid surge in international rates.
On Tuesday, the single tola of 24 Karat gold was available at Rs217,600, and the price for 10-gram gold saw increase of Rs943 to reach Rs186,557.
Globally, yellow metal went up by $12 to settle at $2,015 per ounce.
Last week, per tola gold price increased by Rs800 per tola, and it hovers around two month high.
|Lahore||PKR 217,600||PKR 2,600|
|Karachi||PKR 217,600||PKR 2,600|
|Islamabad||PKR 217,600||PKR 2,600|
|Peshawar||PKR 217,600||PKR 2,600|
|Quetta||PKR 217,600||PKR 2,600|
|Sialkot||PKR 217,600||PKR 2,600|
|Attock||PKR 217,600||PKR 2,600|
|Gujranwala||PKR 217,600||PKR 2,600|
|Jehlum||PKR 217,600||PKR 2,600|
|Multan||PKR 217,600||PKR 2,600|
|Bahawalpur||PKR 217,600||PKR 2,600|
|Gujrat||PKR 217,600||PKR 2,600|
|Nawabshah||PKR 217,600||PKR 2,600|
|Chakwal||PKR 217,600||PKR 2,600|
|Hyderabad||PKR 217,600||PKR 2,600|
|Nowshehra||PKR 217,600||PKR 2,600|
|Sargodha||PKR 217,600||PKR 2,600|
|Faisalabad||PKR 217,600||PKR 2,600|
|Mirpur||PKR 217,600||PKR 2,600|