In a groundbreaking collaboration, JazzCash and Haball have joined forces to address cash management challenges faced by agents across Pakistan. This strategic partnership aims to streamline transactions, enhance efficiency, and offer greater flexibility to agents, empowering them with a seamless financial experience. Through this collaboration, JazzCash agents will now have access to payments from over…
KARACHI – Systems Limited, a globally recognized technology powerhouse, has once again made waves by being named in Forbes Asia’s Best Under a Billion 2024 list for the fifth consecutive year. The company, which has been at the forefront of digital innovation, leads the pack among the three Pakistani firms that earned this prestigious recognition….
Karachi, July 13, 2024 – The Pakistan Stock Exchange (PSX) has proudly announced the induction of Meezan Bank as the first market maker for CDS-eligible Government of Pakistan (GoP) Ijarah Sukuk (GIS). This move, aimed at enhancing liquidity in the CDS-eligible government debt securities (GDS) market, involves the quotation of two-way prices and facilitating the…
In a significant development in Pakistan’s banking sector, the Board of Directors of Silkbank Limited (PSX: SILK) has granted in-principle approval for a potential merger with United Bank Limited (PSX: UBL). The decision was made during a board meeting held on November 6, 2024. The merger, which would be structured as a scheme of arrangement,…
Jan 16, 2025, Karachi, Pakistan – InfraZamin Pakistan (IZP), has successfully issued its first short-term guarantee of PKR 600m against a PKR 800m Trade Finance Facility by HABIBMETRO for Jaffer Business Systems. The groundbreaking facility will support Jaffer Business Systems (JBS), an established technology and business solutions provider, to expand its business in digital and…
Karachi, Pakistan – The Bank of Punjab organized an interactive session featuring Professor Stefan Dercon with local industry leaders in Karachi this week. Professor Dercon, a distinguished academic and policy advisor, currently serves as a Professor of Economic Policy at the Blavatnik School of Government and the Economics Department at the University of Oxford. His…
ISLAMABAD – Alibaba.com, a global leader in business-to-business (B2B) e-commerce, has launched its Trade Assurance service in Pakistan, aimed at empowering small and medium-sized enterprises (SMEs) to trade with greater confidence. This makes Pakistan one of the select markets globally where the platform has introduced this valuable service for suppliers. The announcement was made at…
Karachi: The 5th edition of the DigiBap Summit, focusing on “Leveraging Technology for Digital Supply Chain Finance (DSCF) Solutions,” is set for Monday, July 22nd at Mövenpick Karachi. The event will address the State Bank of Pakistan’s (SBP) mandate for banks to extend supply chain financing digitally to SMEs.The conference will kick off with an…
Islamabad, August 22, 2024 — Pakistan has taken a significant leap towards integrating into the Arab-world payments ecosystem with the launch of the Buna-Raast Connectivity Project’s Implementation Phase. Prime Minister Mian Muhammad Shehbaz Sharif inaugurated the project, which will link Raast, Pakistan’s instant payment system, with Buna, the Arab Monetary Fund’s cross-border payment system. This…
Islamabad, Pakistan – In a groundbreaking move to advance financial inclusion and empowerment across Pakistan, Jazz, the nation’s leading digital operator, has partnered with Mobilink Microfinance Bank Limited (MMBL), the country’s foremost digital microfinance bank. This strategic collaboration represents a significant milestone in the digital transformation of Pakistan’s financial services landscape, with a strong focus…
