Latest news with #Asaan
Business Recorder
20-05-2025
- Business
- Business Recorder
Cattle markets in Pakistan: State Bank launches ‘go cashless' campaign
KARACHI: The State Bank of Pakistan (SBP) has initiated a nationwide 'go cashless' campaign to promote digital payments and reduce reliance on cash transactions within cattle markets during the upcoming Eid-ul-Azha. This strategic initiative, in line with SBP's goal of fostering digital financial inclusion throughout Pakistan, was officially launched today, May 20, 2025, and will run until June 6, 2025, or Eid night. In partnership with the banking industry, the campaign aims to streamline the sale and purchase of sacrificial animals in 54 designated cattle markets across the country. Following the success of last year's digitalization efforts, this year's campaign seeks to further expand digital adoption among market participants. Within these cattle markets, digital payment solutions can be utilized for various transactions, including the purchase of sacrificial animals, payment for necessities such as water and feed, and settlement of parking fees. To support both merchants and buyers during this period, the SBP has temporarily raised transaction limits, effective from May 19 to June 15, 2025, Branchless Banking Level-1 Accounts, Asaan Account/Asaan Digital Account, and Merchant Accounts: Daily transaction limits have been eliminated, and the per-month limit has been increased to PKR 5,000,000. The public is strongly encouraged to take advantage of these convenient and secure digital financial services during the Eid-ul-Azha period. By participating in the 'Go Cashless' campaign, individuals can contribute to a more efficient and inclusive financial ecosystem in Pakistan. Copyright Business Recorder, 2025
Business Recorder
20-05-2025
- Business
- Business Recorder
Cattle markets: SBP launches ‘go cashless' campaign
KARACHI: The State Bank of Pakistan (SBP) has initiated a nationwide 'go cashless' campaign to promote digital payments and reduce reliance on cash transactions within cattle markets during the upcoming Eid-ul-Azha. This strategic initiative, in line with SBP's goal of fostering digital financial inclusion throughout Pakistan, was officially launched today, May 20, 2025, and will run until June 6, 2025, or Eid night. In partnership with the banking industry, the campaign aims to streamline the sale and purchase of sacrificial animals in 54 designated cattle markets across the country. Following the success of last year's digitalization efforts, this year's campaign seeks to further expand digital adoption among market participants. Within these cattle markets, digital payment solutions can be utilized for various transactions, including the purchase of sacrificial animals, payment for necessities such as water and feed, and settlement of parking fees. To support both merchants and buyers during this period, the SBP has temporarily raised transaction limits, effective from May 19 to June 15, 2025, Branchless Banking Level-1 Accounts, Asaan Account/Asaan Digital Account, and Merchant Accounts: Daily transaction limits have been eliminated, and the per-month limit has been increased to PKR 5,000,000. The public is strongly encouraged to take advantage of these convenient and secure digital financial services during the Eid-ul-Azha period. By participating in the 'Go Cashless' campaign, individuals can contribute to a more efficient and inclusive financial ecosystem in Pakistan. Copyright Business Recorder, 2025
Business Recorder
19-05-2025
- Business
- Business Recorder
SBP launches nationwide 'Go Cashless' campaign for Eid-ul-Adha
The State Bank of Pakistan (SBP) has initiated a nationwide 'Go Cashless' campaign to promote digital payments and reduce reliance on cash transactions within cattle markets during the upcoming Eid-ul-Adha. This strategic initiative, in line with SBP's goal of fostering digital financial inclusion throughout Pakistan, was officially launched today, May 20, 2025, and will run until June 6, 2025, or Eid night. In partnership with the banking industry, the campaign aims to streamline the sale and purchase of sacrificial animals in 54 designated cattle markets across the country. Raast processes over 892m transactions Following the success of last year's digitalization efforts, this year's campaign seeks to further expand digital adoption among market participants. Within these cattle markets, digital payment solutions can be utilized for various transactions, including the purchase of sacrificial animals, payment for necessities such as water and feed, and settlement of parking fees. To support both merchants and buyers during this period, the SBP has temporarily raised transaction limits, effective from May 19 to June 15, 2025: Branchless Banking Level-1 Accounts, Asaan Account/Asaan Digital Account, and Merchant Accounts: Daily transaction limits have been eliminated, and the per-month limit has been increased to PKR 5,000,000. The public is strongly encouraged to take advantage of these convenient and secure digital financial services during the Eid-ul-Adha period. By participating in the 'Go Cashless' campaign, individuals can contribute to a more efficient and inclusive financial ecosystem in Pakistan.
Trade Arabia
18-05-2025
- Business
- Trade Arabia
Construction begins on heritage museum in Diriyah
The Misk Heritage Museum 'Asaan' has announced the start of construction today at the site that will host this prominent cultural landmark in the historic district of Diriyah in Riyadh, Saudi Arabia. The ground-breaking was held during a special ceremony organised by the museum to coincide with the Kingdom's celebrations of International Museum Day and was attended by representatives from the Mohammed bin Salman Foundation (Misk), Diriyah Company and designers Zaha Hadid Architects. The museum spans an area of 40,000 sq m and moves beyond the traditional museum concept to offer integrated cultural experiences. Through interactive spaces, workshops, and activities rooted in local environments, visitors will be immersed in the daily life of past generations, exploring traditional arts, crafts, stories, customs, and social values. Asaan provides a vibrant window into Saudi culture, showcasing its tangible and intangible dimensions. The museum is an initiative of the Misk Foundation dedicated to preserving and promoting the diversity and authenticity of Saudi heritage. Asaan's contemporary architectural design, crafted by Zaha Hadid Architects, is inspired by the traditional Najdi style and reflects Saudi Arabia's rich architectural identity. Upon opening, the museum will feature a state-of-the-art conservation laboratory specialising in restoring and preserving heritage artifacts and artworks, a hub for knowledge exchange, and a training ground for the next generation of museum professionals. The launch of Asaan construction marks a significant milestone in developing a cultural landmark that celebrates Saudi heritage and elevates its global standing. It is a living embodiment of Saudi Arabia's commitment to preserving its cultural legacy and strengthening national identity, in line with the goals of Vision 2030, according to a statement from the museum. Khaled Al Saqer, CEO of the Misk Heritage Museum Asaan, stated: "Marking International Museum Day by commencement of construction of Asaan is a historic milestone in our mission to safeguard and celebrate Saudi heritage. Asaan's role extends beyond preserving and displaying artifacts; it seeks to inspire meaningful engagement through immersive experiences that connect past, present, and future generations, strengthening pride in Saudi identity and sharing our cultural legacy with the world." "Driven by our belief in community participation as a pillar of heritage preservation, Asaan will offer a wide range of interactive programs curated by leading experts. These initiatives aim to foster cultural passion, inspire creativity, and empower all members of society to engage with and celebrate our heritage," he added. Jerry Inzerillo, Group CEO of Diriyah Company, said: 'Asaan is a valuable addition to Diriyah's portfolio of cultural projects and demonstrates our commitment to presenting the richness of Saudi heritage in a modern way that strengthens its global presence. 'The museum supports our broader goal of establishing Diriyah as a world-class destination that celebrates history, culture, and national identity. We're excited about the programmes and activities Asaan will bring, as they will offer something truly special for the community and for visitors from around the world.' Asaan's mission is to preserve Saudi heritage and celebrate its authenticity and diversity by showcasing extensive collections of cultural artifacts through immersive exhibitions and inspiring spaces.-
Mid East Info
18-05-2025
- Business
- Mid East Info
Asaan Heritage Museum Celebrates Groundbreaking Ceremony to Mark International Museum Day - Middle East Business News and Information
The construction phase of Asaan in Diriyah marks a significant step toward establishing a cultural landmark that reflects Saudi identity and celebrates contemporary creativity. Diriyah, May 2025 — Today, the Misk Heritage Museum 'Asaan' announced the start of construction at the site that will host this prominent cultural landmark in the historic district of Diriyah, during a special ceremony organized by the museum to coincide with the Kingdom's celebrations of International Museum Day. The ceremony was attended by representatives from the Mohammed bin Salman Foundation (Misk), Diriyah Company and designers Zaha Hadid Architects. The commencement of Asaan construction marks a significant milestone in developing a cultural landmark that celebrates Saudi heritage and elevates its global standing. It is a living embodiment of Saudi Arabia's commitment to preserving its cultural legacy and strengthening national identity, in line with the goals of Vision 2030. Khaled Al Saqer, CEO of the Misk Heritage Museum Asaan, stated, 'Marking International Museum Day by commencement of construction of Asaan is a historic milestone in our mission to safeguard and celebrate Saudi heritage. Asaan's role extends beyond preserving and displaying artifacts; it seeks to inspire meaningful engagement through immersive experiences that connect past, present, and future generations, strengthening pride in Saudi identity and sharing our cultural legacy with the world.' He added: 'Driven by our belief in community participation as a pillar of heritage preservation, Asaan will offer a wide range of interactive programs curated by leading experts. These initiatives aim to foster cultural passion, inspire creativity, and empower all members of society to engage with and celebrate our heritage.' Jerry Inzerillo, Group CEO of Diriyah Company, said: 'Asaan is a valuable addition to Diriyah's portfolio of cultural projects and demonstrates our commitment to presenting the richness of Saudi heritage in a modern way that strengthens its global presence. 'The museum supports our broader goal of establishing Diriyah as a world-class destination that celebrates history, culture, and national identity. We're excited about the programs and activities Asaan will bring, as they will offer something truly special for the community and for visitors from around the world.' Asaan's mission is to preserve Saudi heritage and celebrate its authenticity and diversity by showcasing extensive collections of cultural artifacts through immersive exhibitions and inspiring spaces. The museum spans an area of 40,000 square meters and moves beyond the traditional museum concept to offer integrated cultural experiences. Through interactive spaces, workshops, and activities rooted in local environments, visitors will be immersed in the daily life of past generations, exploring traditional arts, crafts, stories, customs, and social values. Asaan provides a vibrant window into Saudi culture, showcasing its tangible and intangible dimensions. The Museum is an initiative of the Misk Foundation dedicated to preserving and promoting the diversity and authenticity of Saudi heritage. Asaan's contemporary architectural design, crafted by Zaha Hadid Architects, is inspired by the traditional Najdi style and reflects Saudi Arabia's rich architectural identity. Upon opening, the Museum will feature a state-of-the-art conservation laboratory specializing in restoring and preserving heritage artifacts and artworks, a hub for knowledge exchange, and a training ground for the next generation of museum professionals. About Asaan: Asaan celebrates and preserves Saudi's diverse heritage, making it vibrant, profound, and relevant to the generations of yesterday, today, and tomorrow. Supported by the Misk Foundation, Asaan mirrors the vision and commitment of Her Royal Highness Princess Sara Bint Mashhour Bin Abdulaziz Al Saud, who strongly advocates for the importance of preserving both tangible and intangible heritage treasures, rare and beautiful artifacts, traditional customs, arts, and societal values that showcase Saudi Arabia's distinct ways of life. Through its carefully crafted cultural spaces, immersive exhibits, and thoughtful community engagement, the Asaan Museum, set to open in Diriyah in the coming years, invites visitors of all ages not only to witness but also to contribute to the living, breathing story of Saudi Arabia, weaving their own narrative into the tapestry of its timeless heritage and shaping the Kingdom's cultural and civilizational legacy. The name Asaan is derived from the Arabic word meaning the heritage passed down through generations. About Diriyah: Diriyah, Saudi Arabia's premier historical, cultural, and lifestyle destination, is a key component of Saudi Arabia's 2030 Vision. A short 15-minute drive from Riyadh's city center, this 14-square-kilometer development holds historical significance as the birthplace of the Kingdom of Saudi Arabia, dating back to 1727. Currently being developed by Diriyah Company, Diriyah is undergoing a transformation into an authentic Najdi-style mixed-use urban community. Diriyah's centerpiece is At-Turaif, the UNESCO World Heritage Site inscribed in 2010, showcasing the ancient adobe capital city of the First Saudi State, dating back to 1766. Upon completion, Diriyah will host more than 100,000 residents, workers, students, and visitors, offering a diverse range of cultural, entertainment, retail, hospitality, educational, and residential spaces. The first of those spaces include Bujairi Terrace, Riyadh's new premium dining hub with over 20 global and local restaurants and cafes that enjoy uninterrupted views of At-Turaif. Bab Samhan, a Luxury Collection Hotel is the first hospitality offering in Diriyah, providing a tranquil experience with panoramic views of Wadi Hanifah. Diriyah's development provides a dynamic environment that celebrates Saudi Arabia's rich cultural history. About Diriyah Company: Diriyah Company was launched in 2023 and joined the Public Investment Fund's (PIF) portfolio of giga-projects. The Company is responsible for developing the Diriyah project, the birthplace of the Kingdom of Saudi Arabia and its foremost historical, cultural, and lifestyle destination. A dynamic mixed-use developer, Diriyah Company is redefining urban planning to develop Diriyah, 'The City of Earth', while adhering to the highest design, development, and preservation standards. The company ensures Diriyah's cultural landmarks are complemented by world-class retail offerings, fine-dining experiences, and leading hospitality brands. As a PIF company, its mission focuses on opportunities in development, hospitality, investment, retail, and office leasing, along with strategic asset management, underscoring the commitment to ensuring successful business outcomes and sustainable growth under the strategic direction of Vision 2030. The Diriyah Company actively forges long-term partnerships to realize its vision of establishing Diriyah as one of the world's greatest gathering places.
