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Singapore central bank to roll out digital platform to fight money laundering

AgenciesSINGAPORE, Oct. 1– Singapore’s central bank announced plans on Friday to introduce a digital platform that will enable banks to share information on customers and transactions, part of efforts to prevent money laundering and terrorism financing.The platform is co-created by the Monetary Authority of Singapore (MAS) and six major commercial banks in the city-state - DBS Group, Oversea-Chinese Banking Corp, United Overseas Bank, Standard Chartered Bank, Citibank and HSBC, an MAS statement said.

October 1, 2021 at 2:00 pm | Economic Affairs

Huawei CFO leaves Canada on U.S. deal on fraud charges, detained Canadians head home

British Columbia(Canada)—Huawei Chief Financial Officer Meng Wanzhou flew home to China on Friday after reaching an agreement with U.S. prosecutors to end the bank fraud case against her, relieving a point of tension between China and the United States.Within hours of the news of the deal, two Canadians who were arrested shortly after Meng was taken into custody in December 2018 were released from Chinese jails and were on their way back to Canada. Beijing had denied that their arrests were linked.The International Crisis Group, where Kovrig works, said it was “overjoyed” at the “most just decision” to release him, thanking Canada and the United States for their roles. “The day we have been waiting for 1,020 days has finally ar...

September 25, 2021 at 10:33 am | Economic Affairs

Telenor raises concerns with CCP over Mobilink-Warid merger

Telenor Pakistan has raised its concern over Mobilink-Warid merger and has approached Competition Commission of Pakistan over the anticipated Mobilink-Warid deal that is currently being heard by CCP for mandatory regulatory approvals, we have checked with sources. According to sources, who are directly aware of the development, Telenor Pakistan has approached CCP with its concerns to ideally block the Mobilink-Warid merger. Mobilink and Warid had agree to merge their businesses in Pakistan. Both companies are currently in process of getting approvals from competition commission. Telenor Pakistan, at the same time, has raised its concerns with the Commission and said that deal — in its current form — could negatively impact the ...

February 14, 2016 at 8:48 am | News Desk

Things I hate about Lahore

  Lahore is a major urban and modern metropolitan city in Pakistan. The city which is famous for so many names education city, lifestyle city, fashion city, film city as well as art city with rich heritage. We know that every city has its own personality, mood and demeanor. Lahore in its first glance gives a relaxed, laid back and peaceful look and place to live in and enjoy your life in variety of ways. The thing in which Lahore is famous from all other cities is Lahori food. Lahore was a peaceful and progressive city and folks from other cities wish to live in. But presently Lahore has been changed with the passage of time. Know nothing is according to the set rules all the citizens are acting like Tom, Dick and Harry. Everybod...

August 15, 2015 at 12:45 pm | News Desk

Kazim Hasan | the man behind interiors

When Atrio Café and Grill opened at the end of 2012, its rooftop was all the rage, making the tensile structure on the rooftop a landmark of Jinnah Super Market. The inspiration came from the Sahara Mall in Dubai, says Kazim Hassan, the brain behind its interior. “The one in Dubai is a huge structure with multiple cones. Atrio rooftop structure is a miniature of that concept. The rooftop floor design of Atrio is inspired by grapevine” His inventory includes projects with massive budgets ranging from commercial projects to interior and set designing for dramas, movies and morning shows. However he terms Atrio Café and Grill his favorite until now. He hints about an upcoming restaurant in F-7 with another rooftop and a project, salon an...

January 22, 2015 at 10:00 pm | News Desk

An Interview with Bina Sultan

Bina Sultan, (BNS) was invited to display her collections at a show in Seoul (South Korea), recently in November 2014. BNS managed to impress the Koreans by its variety of fusion outfits & its traditional garments. _e show consisted of a range of out_ts from their new collections "Kashmir" which hightlights the beauty of hand embellished garments. EA: For our readers, please shed light on your unbeaten career outline with us? BNS: _e career initially is an unstoppable struggle when your mind follows the ambition for what you want to do in life. With the passage of time, you decide upon your interest and passion and start your journey in the right direction. My entire career is about doing something I enjoy & being passionate a...

January 19, 2015 at 4:19 pm | News Desk


CAFÉ RESTOS OPENS ITS DOORS A day prior to opening its doors for the guests, Restos, the neighborhood roof-top bar & cafe was inaugurated with a red carpet launch on College Road in Jinnah Super. ­The Ambassador of Argentina and Dean of the Diplomatic Corp Islamabad Rodolfo Martin J. Saravia honored the occasion along with other foreign dignitaries and diplomats. With a very finely selected Continental Menu, the café is all geared up to serve Italian, Mexican and seafood choices. Apart from a very serene roof-top, the café also has a very cozy coffee bar for the coffee lovers. ­The rooftop dinning concept was the brainchild of Mr Tahir Qureshi who is known to this city because of Qureshi Frozen Foods in Kohsar Market. ­The f...

January 19, 2015 at 12:37 pm | News Desk

Let’s have an adventure

Let’s have an adventure Jehanzaib Malik  ‘A healthy mind is found in a healthy body’ is a conventionally held statement that has been culturally communicated to most of us. However, owing to commercialization of life-styles and even sports, a very few can afford to spare time to indulge in, at least, conventional sports such as hockey, cricket and football. Generally, from school to university level, students – the best of the youth- were institutionally engaged in such healthy and productive activities. Those golden days, I must sadly say, are over. These days, the sports situation is so pathetic in Pakistan that even our culturally rich-in-sports educational institutions no longer offer much to the youth. Hence, the latter’s ...

October 5, 2014 at 9:25 am | News Desk

Karachi Diaries: Floyd by Smith

The press surrounded the entrance to Zamzama mall. Inside, a welcome mat had been rolled out for a Scandinavian label, as Floyd by Smith, made its Pakistani debut.  The collection on display featured a delectable mix of casual chic / formal wear paired with footwear & accessories.  People seen milling around the tea bar, red carpet, and catwalk being prepped to showcase high street fashion admired the whimsical lines and elegant cuts used to adorn its edgy canvas.  The launch of the Norwegian flagship store was capped by a fashion presentation and the event organizers had made seating arrangements outside the shop allowing guests / curiosity seekers to cheer for the models from the sidelines. Not everyone could make it past the medi...

September 18, 2014 at 3:16 am | News Desk

KARACHI DIARIES: Irfan’s Solo Flight

Syed A. Irfan’s solo exhibition held at Karachi’s Citi Art gallery earlier this year, showcased his latest collection titled ‘Women’s Feelings’. He is a miniature artist who draws upon Mughal traditions riddled with imagery evoking lost grandeur bordered by melancholy, and a fleeting sense of tranquility. The time capsule replays hushed whispers from a bygone era - arcane figures seemingly suspended in another dimension, their hopes and dreams rendered in ‘Watercolor & Gold on Wasli, Gauche, Teawash & Gold on Wasli or Watercolor, Tea Wash & Gold on Wasli.’ Irfan is self-taught like the masters he admires, and his portfolio has been imprinted with romanticism, Sufism and orientalism. He has participated in sever...

August 12, 2014 at 2:53 am | News Desk


Afrah Jamal “….oneTerracotta powder is sold somewhere in the world every 20 seconds” – GUERLAIN(Twitter) On the last weekend of June, Karachi was invited to discover the world of French Luxury Fragrance & Beauty. GUERLAIN (1828) is a French Perfume House ranked among the oldest in the world, and has reportedly created over 300 fragrances. Its founder would go on to become His Majesty's Official Perfumer after developing a fragrance for French Emperor Napoleon III and his wife Empress Eugénie. Guerlain (pronounced Ger-lah) is also credited with inventing ‘Rouge Automatique’ (1884) - the first modern lipstick which would be re-released in 2011. Their makeup and skincare range is now available at Debenhams at Dolmen M...

July 13, 2014 at 12:21 am | News Desk

DIRECTOR’S CUT: Komal Rizvi Video launch / Press Conference

Afrah Jamal This brother / sister duo came highly recommended. Their music video launch / press conference held at Port Grand, (Karachi) will be the talk of town. And their experimental new sound would be put up for review. Komal Rizvi, who made her debut as a singer / actress / VJ in the 1990’s, was staging a comeback with her new single - ‘Kalli Kalli’ in April 2014. Hasan Rizvi stars in the video with his sister; Sohail Javed directs. It would be Komal’s first launch and Hasan’s umpteenth choreography. The filming had been eventful, the storyboard toyed with the elements - water, fire, etc, as did the musicians; one was scorched, the other drowned, several times over reportedly.  Nothing had dampened their ardour,...

June 11, 2014 at 11:57 pm | News Desk

KARACHI DIARIES: MasterChef comes to Pakistan

Afrah Jamal Last year ‘MasterChef Australia’ S04 contestant came to town. Amina Elshafei, described as an ‘unassuming young lady from Sydney’, had been brought in by the Australian High Commissioner’s office and spread the joy of fusion cooking as part of her good-will mission. Around the same time unconfirmed rumors that MasterChef was headed to Pakistan were floating around. By April 2014, the rumors had officially been laid to rest. ‘MasterChef Pakistan’ is set to go on air by 3rd May 2014. The press conference in AVARI (Karachi) threw together an elegant presentation topped off by a divine hi-tea. The MasterChef franchise is already a household favorite, and makes everyone a judge of culinary prowess and the lead a...

May 10, 2014 at 3:17 am | News Desk

Theatre Festival graced the city ambiance

Muttahir Ahmed Khan   Following its traditions, National Academy of Performing Artists (NAPA) successfully hosted NAPA International Theatre Festival 2014, adding colors to the city’s ambiance and socio-cultural horizon. The artistic gala that kicked off on 4th March kept the whole city’s aura artistic and literary for nearly three weeks and concluded on 27th March with an enthusiastic, vibrant and artistic ceremony. Besides NAPA’s own theatre groups, Ajoka theatre from Lahore and other teams from Karachi, theatre crews from Nepal, Germany, England and India, including Bollywood legend Naseerudin Shah landed in the city to demonstrate their admirable performance and appreciable talent through impressive scripts, befittin...

May 10, 2014 at 12:08 am | News Desk

Prof. Dr. Moiz Hussain, Founder of The Institute of Mind Sciences, and Urooj Moiz Talk about Mind Sciences and its scope

 Prof. Dr. Moiz Hussain (Ph.D) is internationally acknowledged in the field of mind sciences and sufism and has been sharing his knowledge and expertise in mind sciences and sufism to people of all ages, professions and nationals through his workshops, seminars, lectures and theosophical sittings all over Pakistan as well as in USA, UK, Saudi Arabia, UAE, Germany, Austria, Switzerland, India and many other countries. He is a certified Psycho Orientologist and a Clinical Hypnotherapist from USA. Urooj Moiz, his daughter, has joined his team since the last 10 years and has become a very popular and trusted counsellor. Besides hosting many informative TV shows on mental health and psychological issues, the duo of father and daughter appear re...

April 4, 2014 at 1:44 am | News Desk


Afrah Jamal They conquered Everest in their spare time & crafted empires; their names were featured in Forbes ‘30 under 30’. Somewhere along the way they had reset the bar. Their contributions had not gone un-noticed. The people who had made the list included trailblazers, trendsetters, risk-takers & crusaders, seen at the 6th LADIESFUND® Annual Women’s Awards.  An event to salute an unlikely band of heroes who left a legacy of courage and compassion also acknowledged exceptional women on the rise. LADIESFUND® launched by Dawood Global Foundation (2007) & headed by Tara Uzra Dawood, celebrates these achievements by adding powerhouse women and their noble causes to their wall of fame. It also makes its core miss...

April 3, 2014 at 9:20 pm | News Desk