The State Bank of Pakistan (SBP) has released its annual report for Fiscal Year 2023-24, showcasing significant advancements in the country’s national payment ecosystem, with a notable shift towards digital payments. According to the report, retail payments saw extraordinary growth during FY24, with the volume of transactions rising from 4.7 billion to 6.4 billion, representing […]
In a bid to strengthen security measures, the State Bank of Pakistan (SBP) has issued new directives to all commercial and microfinance banks, urging them to upgrade their security and surveillance operations within and around branch premises and ATMs. The central bank’s move is part of efforts to enhance public safety and assist law enforcement […]
We’re excited to share that Mehvish Muneera has taken the helm as Head of Legal & Designated Company Secretary – Executive Vice President- at HabibMetro. Recipient of Pakistan’s 1st Women in Law Awards 2020-2021 for the category of “In-house Legal Counsel”, she is a seasoned professional with over a decade of diversified legal experience. With […]
Islamabad, 8 October 2024 – HBL, Pakistan’s first commercial bank, has been honored with the prestigious accolade of ‘Best Conventional Bank of the Year’ at the 12th FPCCI Excellence Awards. The award was presented by the President of Pakistan, Mr. Asif Ali Zardari, to Muhammad Nassir Salim, President & CEO of HBL, during a ceremony […]
San Francisco, October 9, 2024 — Stripe, a leading financial infrastructure platform, today announced an expanded partnership with NVIDIA, aimed at advancing AI technology to benefit Stripe’s customers and improve fraud detection. The collaboration will also broaden global access to NVIDIA’s cutting-edge GPUs and AI software, allowing developers and enterprises to prepay for selected NVIDIA cloud services through […]
In a significant move aimed at enhancing credit access, the State Bank of Pakistan (SBP) has raised the regulatory retail portfolio limit from Rs. 180 million to Rs. 300 million. This change, effective immediately, comes as part of the SBP’s broader efforts to support financial sector stability and growth. The enhancement is part of the […]
The State Bank of Pakistan (SBP) has significantly enhanced the financing limits for Small and Medium Enterprises (SMEs), enabling them to avail loans of up to Rs. 500 million. This initiative is part of the central bank’s ongoing efforts to bolster the SME sector, which plays a vital role in Pakistan’s economic growth. According to […]
Karachi – United Bank Limited (UBL) has taken a major step forward in its digital transformation journey through a strategic partnership with Systems Limited and Temenos, successfully launching the state-of-the-art Temenos Digital Frontend (DFE) platform. This landmark collaboration, aimed at enhancing UBL’s digital capabilities, is set to revolutionize customer experiences across its digital banking services. […]
Islamabad, 26 September 2024: The digital media campaign to educate youth against irregular migration practices, Pervaaz, has received accolades from the European Union and the European Research Institute (ERI) for its remarkable successes achieved in Pakistan. Under the SAFER project and co-funded by the European Union, the digital campaign is implemented through its local partner, […]
Palo Alto, California – October 4, 2024Farmdar, an agritech startup leveraging AI and space technologies to optimize agricultural productivity, has successfully raised a pre-Series A funding round led by Silicon Valley-based venture capital firm, Moment Ventures. The round also saw participation from existing investor Indus Valley Capital. This marks the first Silicon Valley-led investment in […]