Fintech News Pakistan - Latest Fintech News, Insights, Analysis and Intelligence from Pakistan.

BankingTech.

Raqami Islamic Digital Bank Receives Restricted License from SBP to Launch Pilot Operations

By FN Pakistan Staff May 17, 2025 0

Raqami Islamic Digital Bank Limited has been awarded a restricted banking license by State Bank of Pakistan under the Licensing and Regulatory Framework for Digital Banks to commence Pilot operations as a Digital Retail Bank. The approval marks a defining moment in Raqami’s journey to become Pakistan’s first fully Shariah-compliant, Digital Retail Bank offering a […]

Cryptocurrency.

ICMAP Proposes Comprehensive Crypto Adoption Framework and CBDC Launch Plan for Pakistan

By FN Pakistan Staff May 9, 2025 0

KARACHI: The Institute of Cost and Management Accountants of Pakistan (ICMAP), through its Research and Publications Department, has unveiled a comprehensive policy proposal titled “ICMA Proposes Crypto Adoption Framework and CBDC Launch Plan to Government.” This timely initiative introduces a Four-Pillar Framework for the responsible adoption of crypto currencies in Pakistan and outlines a strategic […]

Tokenization.

Dubai-based Fasset Secures Sandbox License to Launch Pakistan’s First Tokenized Gold Solution

By FN Pakistan Staff April 29, 2025 0

Islamabad, April 29, 2025 — Fasset, a leading digital asset platform focused on fostering financial inclusion in high-growth markets, has officially introduced Pakistan’s first gold tokenization solution under a Regulatory Sandbox license approved by the Securities and Exchange Commission of Pakistan (SECP). By leveraging blockchain technology, Fasset’s latest innovation enables secure, transparent, and fractionalized investments […]

Startup Funding.

Pakistani-Founded Sneaker Startup Atoms Raises Over $2 Million from 450 Customers in Private Round

By FN Pakistan Staff May 4, 2025 0

Source: Business Recorder Brooklyn, USA — May 2025 — Atoms, a Brooklyn-based sneaker startup founded by Pakistani entrepreneur Sidra Qasim, has successfully raised over $2 million in a private funding round led by its own customers. The announcement was made by Qasim on LinkedIn, where she described the initiative as “the most meaningful experience” of […]

Startup Funding.

First Pakistani Female-Founded healthtech MedIQ Raises $6 Million in Series A to Expand Across GCC

By FN Pakistan Staff April 30, 2025 0

Islamabad/Riyadh – MedIQ, a pioneering health tech startup founded in Pakistan, has raised $6 million in a Series A funding round to drive its expansion across the GCC region. The round was co-led by Qatar-based Rasmal Ventures and Saudi Arabia’s Joa Capital, with strong follow-on participation from existing investors. Founded in 2020 by physician-turned-entrepreneur Dr. Saira […]

Startup Funding.

UAE’s Fintech startup Metric, founded by Pakistanis, announces 7-figure Seed Round

By FN Pakistan Staff April 17, 2025 0

Source: Business Recorder AI fintech Metric announced a seven figure seed round to grow their offering across the Gulf region and Asia. The company told Business Recorder it is not revealing the exact amount at this stage. Founded in 2022 by Pakistani couple Meenah Tariq and Omar Parvez, along with the company’s CTO Dr Habiba, Metric said in a statement […]

Industry Voices.

Mashreq brings Global Best Practices to build an Inclusive Financial Ecosystem, said: CEO, Mashreq Pakistan

By FN Pakistan Staff March 6, 2025 0

Muhammad Hamayun Sajjad, CEO at Mashreq Pakistan, explains how digitalization drives financial inclusion At a time when Pakistan’s overall financial inclusion rate stands at 64%, the country’s rural communities are at the brink of a pivotal turning point. The time seems right for the promise of financial inclusion to transform from a ‘distant dream’ to […]