ISLAMABAD: Finance Minister Muhammad Aurangzeb said on Thursday US financial services company Visa will triple the size of its office in Pakistan and collaborate with the country’s first-ever domestic payment card scheme, 1Link and PayPak.
Visa Inc. is a global payments technology company that operates one of the world’s largest electronic payment networks, enabling consumers and businesses to make payments using Visa-branded credit, debit and prepaid cards.
Visa doesn’t issue cards itself but partners with banks and financial institutions to do so. 1Link and PayPak is similar in concept to Visa or Mastercard but is designed specifically for local use within Pakistan.
The Pakistani minister, currently in Washington, appreciated Visa’s role in the digitalization of his country’s economy during a meeting with the company’s regional vice president, Andrew Torre.
“He [Aurangzeb] noted that Visa’s decision to triple the size of its office in Pakistan and its collaboration with 1Link and PayPak would contribute significantly to promoting financial inclusion, e-commerce, transaction security, and payment gateways in Pakistan, as well as facilitate remittances,” the finance ministry said in a statement issued after the meeting.
It added the finance minister also assured the company of the government’s full support in resolving any issues faced by them.
Aurangzeb’s meeting with Torre came as the country works toward a more inclusive and digitally empowered economy, with government backing and private sector innovation aligned.
VISA to triple Pakistan office size, partner with 1-Link, PayPak — finance minister
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VISA to triple Pakistan office size, partner with 1-Link, PayPak — finance minister
- Muhammad Aurangzeb hails company’s role in advancing digital payments and financial inclusion
- The finance minister also assures the US financial services company of the government’s full support
Met Office forecasts ‘widespread’ rain, snowfall in parts of Pakistan
- Heavy snowfall may cause road closures, while there is a possibility of landslides and avalanche in hilly areas
- Tourists are advised to remain extra cautious, avoid unnecessary travel during forecast period, Met Office says
ISLAMABAD: The Pakistan Meteorological Department (PMD) has forecast “widespread” rain and snowfall in northern parts of the country in the coming days, saying that a shallow westerly wave was likely to reach the upper regions on Friday.
The weather system is likely to strengthen from Jan. 20 and grip most parts of the country from Jan. 21, bringing rain, thunderstorm and snowfall to several areas, according to a PMD advisory. Gilgit-Baltistan, Azad Kashmir, upper Khyber Pakhtunkhwa, Murree and Galliyat will experience rain/thunderstorm with light to moderate snowfalls Jan. 16 till Jan. 20, with occasional gaps.
Widespread rain/thunderstorm is expected in these areas along with Islamabad, and Punjab’s Sargodha, Gujranwala, Lahore, Sahiwal, Multan, Faisalabad, Dera Ghazi Khan and Bahawalpur divisions, as well as KP’s Peshawar, Hazara, Malakand, Mardan, Kohat, Bannu, and Dera Ismail Khan districts on Jan. 20-23.
“Heavy snowfall is expected [in] Chitral, Dir, Swat, Kalam, Shangla, Kohistan, Battagram, Mansehra, Abbottabad, Murree, Galliyat, Neelum Valley, Bagh, Haveli, Rawalakot from 20th (night) to 23rd January with occasional gaps,” the PMD said.
Similarly, rain/thunderstorm is expected in Balochistan’s Quetta, Ziarat, Chaman, Pishin, Killa Abdullah, Killa Saifullah, Nushki, Harnai, Zhob, Kalat, Barkhan, Sibi, Loralai, Musakhel, Turbat, Gawadar, Jiwani, Lasbella, Kech, Awaran, Chaghi, Panjgur, Khuzdar, Washuk and Kharan districts on Jan. 21-22.
Karachi, Hyderabad, Dadu, Jacobabad, Naushero Feroz, Kashmore, Larkana, Shaheed Benazirbad, Mirpurkhas and Ghotki in Sindh are likely to receive rain with occasional gaps on Jan. 22-23.
“Moderate to heavy snowfall in (Quetta, Ziarat, Chaman, Pishin, Qilla Abdullah, Qilla Saifullah, Noushki, Harnai, Zhob) during the period,” the PMD said.
Heavy snowfall may cause road closures and slippery conditions in Naran, Kaghan, Dir, Swat, Kalam, Chitral, Kohistan, Mansehra, Abbottabad, Shangla, Astore, Hunza, Skardu, Murree, Galliyat, Neelum valley, Bagh, Poonch, Haveli, Quetta, Ziarat, Chaman, Pishin, Killa Abdullah, Killa Saifullah, Nushki, Harnai and Zhob, according to the PMD.
There is a possibility of landslides and avalanche in hilly areas of upper Khyber Pakhtunkhwa, Gilgit-Baltistan and Kashmir during this period.
“Tourists are advised to remain extra cautious and avoid unnecessary traveling during the forecast period,” it said.
“Fog condition is likely to diminish in Punjab, Khyber Pakhtunkhwa and upper Sindh during the wet spell. Day time temperatures are likely to drop significantly during the period.”
