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  • Magic with Multani Mitti

    Why didn’t I feel blessed by the benefits of the much-touted Multani Mitti, which was the very base of my mask?The answer lay in my skin type as well as in how Multani Mitti (Fuller’s Earth) works: I have dry skin and the Multani Mitti works by sucking out impurities from your skin, thus making it even drier...

    Some of the many benefits of Multani Mitti are well known: it cleans your skin, removes acne and blemishes, and adds glow to...

  • India needs more jobs for women to boost growth: World Bank

    NEW DELHI: India must reverse a trend of falling women’s participation in the job market if it is to achieve its ambition of double-digit growth, the World Bank said on Monday...

    The World Bank in its latest report said just 27 per cent of Indian women were working or actively looking for a job, a matter of “serious concern” that was holding back economic growth...

  • Bahrain's Bank Alkhair gets nod to sell stake in Pakistan's Burj Bank

    Bahrain-based Bank Alkhair said on Wednesday it had received approval from the State Bank of Pakistan to sell its stake in Pakistan's Burj Bank to a subsidiary of Bahrain's Al Baraka Banking Group...

    Al Baraka, one of the Gulf's top Islamic banks, had said in September that its Pakistani unit, Al Baraka Pakistan, would merge with Burj Bank to create an institution with assets totalling more than $1...

  • Creating the right kind of jobs should be the priority for Pakistan

    In an evolving world of work— the rapid creation and destruction of jobs— the issue of unemployment has acquired centrality in the development process and has led to the question of whether jobs, or workers, should be protected?Looking from an egalitarian perspective, the welfare of millions revolves around four things: full employment (including self-employment), fair wages, reasonable prices and an accelerated programme for community...

  • Pakistan needs to create more jobs: WB

    ISLAMABAD: The country’s economy needs to create more jobs by taking advantage of the large influx of a well-educated young labour force, says a new research by the World Bank...

    One of the key findings is that there are insufficient jobs where bachelor and graduate degree holders are expected to use their acquired skills...

  • Pakistan's younger women riding a digital wave in drive for better jobs

    When Kainat Naz joined a women-friendly technology boot camp a year ago, she had no idea it would completely change her life and her views on how women can work in conservative Pakistan...

    So she signed up for a tech programme called TechKaro, an initiative by Circle — a social enterprise that aims to improve women’s economic rights in Pakistan — and is now working full-time for a software company...

  • Bank Alfalah declared best bank for 2017

    KARACHI: Bank Alfalah received the Best Bank Award for 2017 for demonstrating “the most significant contribution to national development and the most effective management of its resources, including its employees, clients, franchise community and financials”...

    It received the honour at the second Pakistan Banking Awards, which were jointly organised by the Institute of Bankers, A...

  • India central bank says linking national ID number to bank accounts mandatory

    MUMBAI: India’s central bank on Saturday dismissed media reports that it was not necessary to link national identity card numbers, known as Aadhar numbers, to bank accounts...

    “The Reserve Bank clarifies that, in applicable cases, linkage of Aadhaar number to bank account is mandatory under the Prevention of Money-laundering (Maintenance of Records) Second Amendment Rules, 2017,” it said in a statement...

  • Summit Bank eyes Burj Bank for Islamic banking entry

    KARACHI: Summit Bank has received approval from the State Bank of Pakistan (SBP) to conduct due diligence on Burj Bank, it said in a stock exchange filing, in the latest bid for the unlisted lender, which is seeking to boost capital through a stake sale...

    The acquisition of a majority shareholding in Burj Bank would fit the long term strategy of Summit Bank, which is planning to convert its operations to conform to Islamic principles...

  • Withholding tax slows down bank deposit growth: State Bank

    KARACHI: Withholding tax (WHT) on financial transactions is acting against the goal of achieving financial depth, a State Bank of Pakistan’s (SBP) report said on Friday, highlighting that for the first time since 2009-10 the monetary expansion came more from currency in circulation than the bank deposit growth...

    The campaign could not sustain despite the fact that the business community, particularly retailers and medium-sized...

  • 100m Pakistanis without a bank account, says World Bank

    ISLAMABAD: Pakistan is home to 100 million adults without a bank account, with 13 per cent adults citing religious concerns as a reason for not having account at a financial institution, a World Bank report on the use of financial services revealed...

    The ‘Global Findex Database’ said high costs turned out to be at least as important as religious concerns in each of the economies — cited by 21pc in Pakistan and 19pc in Turkey...

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