UBL Principal Protected Fund I(UPPF I) gives 63% return

UBL Fund Managers, Pakistan’s leading Asset Management Company, announces a return of 63% on UBL Principal Protected Fund – I for its investors as it approached two year maturity.  Following the success of its preceding funds, UBL Funds is launching its fifth Principal Protected fund, namely the UBL Principal Protected Fund-III (UPPF- III) for individual and institutional clients. The fund will be open for subscription for a limited period only.
UBL Fund Managers have the privilege of being the first Asset Management Company in Pakistan to introduce the Principal Protected Funds based upon the CPPI methodology of dynamic asset allocation with 100% equity exposure.
The first Principal Protected Fund (UPPF-I), was launched in February 2012 and will mature on February 3, 2014.. The absolute return on this fund as of Jan 2014 is 63%.Since then UBL Funds has launched 2 conventional and 2 Islamic funds under the same umbrella.
Chief Executive of UBL Fund Managers, Mir Muhammad Ali CFA, said “UBL Funds Managers constantly endeavors to be in the forefront by introducing new and unique products & plans for customers as per their investment requirements and need of the times.

MCB intros Mobile Wallet

MCB intros Mobile Wallet. Muslim Commercial Bank (MCB) has introduced the Mobile Wallet service in association with VISA. It’s the era of Technology and the use of Smartphone is increasing day by day, by keeping in view the present condition the MCB makes the banking with Smartphones more easy and convenient.
The MCB Mobile Wallet makes your Smartphone a wallet itself which you can carry anywhere in the country. This mobile service allows you to digitally load money into your wallet straightly from your account and even assists you connect with your telecom operator and smartphone.

Warid Launches Mobile Financial Service, Mobile Paisa

Warid Launches Mobile Financial Service, Mobile Paisa. Warid Telecom in collaboration with Bank Alfalh has launched the branchless banking Mobile Financial Service (MFS) aka Mobile Paisa under the tag line “Chalta Rahey Pakistan”.  The technology provider of Mobile Paisa is Monet (Pvt.) Limited that is linked with Fundamo – a global mobile platform provider. Both Monet and Fundamo these mobile finance service in the country.
Just like the Telenor Easy Paisa and Ufone Upaisa, the Warid Mobile Paisa will permit its subscribers to pay their utility bills and transmit money across Pakistan with the upcoming innovative services.

HBL ATM goes live at Wagha Border

HBL the largest bank in Pakistan has entered into a strategic business alliance with Pakistan Rangers to provide alternate delivery solutions and channels to our brethren in Uniform.To commemorate the 66th Independence Day, HBL deployed an ATM at the Wagha Border site in Lahore on August 14, 2013 as part of the strategic business alliance between HBL and Pakistan Rangers.The ATM inauguration ceremony was attended by Brig Najeeb, Sector Commander, Sutlej Ranger,