Askari Bank achieves ISO/IEC 27001:2022 certification
Commenting on this significant achievement, Jawad Khalid Mirza, Chief Information Security Officer at Askari Bank Limited, stated, 'In today's rapidly evolving digital landscape, achieving ISO/IEC 27001:2022 certification is not just a technical endeavour; it's a strategic imperative. This achievement mitigates risks, ensures compliance, and fosters a culture of security.'
The ISO/IEC 27001:2022 certification is a globally recognised standard that validates an organisation's ability to establish, maintain, and continually improve an Information Security Management System (ISMS).
Copyright Business Recorder, 2025
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Business Recorder
a few seconds ago
- Business Recorder
Mobilink Bank upgrades its core banking system
ISLAMABAD: Pakistan's leading digital microfinance bank, Mobilink Bank, has successfully upgraded its core banking system by transitioning from Temenos' R17 to the R23 release of Temenos' cloud-native core banking platform. The upgrade reflects Mobilink Bank's ongoing commitment to technological innovation, operational excellence, and customer-centric digital transformation. The successful transition was made possible through strategic partnerships with Temenos, a global leader in banking technology, and Systems Limited, a pioneer in digital transformation services. "This is a paradigm shift," said Haaris Mahmood Chaudhary, President & CEO, Mobilink Bank. "By adopting the latest cloud-native core banking technology from Temenos, we are laying the foundation for next-generation digital banking in Pakistan. Our customers can now enjoy faster, safer, and more seamless services, while we strengthen our position as a frontrunner in financial inclusion and digital innovation.' Copyright Business Recorder, 2025
Business Recorder
a few seconds ago
- Business Recorder
Varioline becomes public limited company
KARACHI: Varioline Intercool, a pioneer in Pakistan's commercial refrigeration and cold chain industry, has announced its transition from a private limited entity to a public limited company, now officially operating as Varioline Intercool Pakistan Limited. With this transition, Varioline Intercool aims to further scale its operations, expand exports, invest in R&D, and continue delivering high-performance refrigeration and cold chain solutions to top-tier clients across the FMCG, dairy, and beverage industries. This strategic move marks a significant milestone in the company's three-decade-long journey of innovation, industrial excellence, and market leadership. The transition to public limited status reflects Varioline's commitment to enhanced corporate governance, operational transparency, and a broader alignment with national and international stakeholders. 'This transformation goes beyond Varioline alone it speaks to the evolving maturity of Pakistan's corporate sector,' said Mukarram Jamil, representing the Board. He said that such a transition enhances corporate standing and strengthens confidence in the formal business ecosystem. 'It reflects our commitment to trust, transparency, and ambition, values that support a stronger industrial framework and a more investment-ready Pakistan,' he added. A Legacy of Innovation Founded in 1995-96, Varioline Intercool has built a reputation for delivering innovative, energy-efficient refrigeration systems tailored to the needs of global and local brands. Copyright Business Recorder, 2025
Business Recorder
31 minutes ago
- Business Recorder
Govt moving ahead with VSS for USCP employees
ISLAMABAD: Despite previous assurances from the treasury bench that there were no plans to shut down Utility Stores, the government is moving ahead with a voluntary separation scheme (VSS) for 11,000 employees of the Utility Stores Corporation of Pakistan (USCP). This decision was revealed by Secretary of Industries and Production, Saif Anjum, during a Public Accounts Committee (PAC) meeting chaired by Junaid Akbar on Wednesday. The final approval for the VSS will come from the Ministry of Industries in coordination with the Finance Division on Friday. Anjum noted that this VSS offer is same previously used for employees of the Pakistan Tourism Development Corporation (PTDC). Anjum cited a history of corruption, lack of transparency, and accumulating losses as the main reasons for the decision to cease USC's operations. Various venders had Rs14 billion liabilities against the corporation. The USC was intended to be a self-sustaining organisation, however, due to its losses, employees had not been receiving their salaries, he added. While the corporation will stop operating nationwide, it will not be dissolved, and its assets will not be sold, he added. The government also plans to transfer the food subsidy, previously managed by the USC, to beneficiaries of the Benazir Income Support Programme (BISP). The ministry has also recommended paying all pending salaries and providing three basic salaries to contractual and daily-wage employees. The decision has faced strong opposition from PAC members. Khawaja Sheraz Mehmood criticised the closure as an 'institutional killing' influenced by the International Monetary Fund (IMF), calling corruption and lack of transparency a mere excuse. He drew a parallel to the Pakistan Steel Mills (PSM), questioning why the government can pay salaries to a defunct corporation but not to USC employees who are already struggling. Naveed Qamar noted that a VSS is being discussed even though many employees have already been laid off and are now jobless. Saleem Mandviwalla suggested that instead of shutting down, the USC could be revitalised under a public-private partnership model, similar to projects in Sindh. Amir Dogar recommended that the government allocate Rs 36 billion to compensate employees, arguing they spent their lives building the corporation's assets, now valued at Rs 200 billion. The committee chairman criticised the government for paying salaries to officials, noting that the managing director of USC was receiving a salary and had five cars at his home. In response, the secretary stated that the managing director was not, in fact, getting a salary. Sanaullah Khan Masti Khel suggested it should be merge with another government entity as it contributed in corona, flood and other disasters. Earlier, the committee examined the audit reports of pertaining to Federal Education and Professional Training. Copyright Business Recorder, 2025
