BankIslami Pakistan continues to demonstrate robust growth, reporting a substantial 66.2% increase in profit before tax for the first half of 2024, amounting to Rs. 13.8 billion. The bank’s post-tax profit also surged by 32.1%, reaching Rs. 7.1 billion, highlighting its resilience and strategic focus amid challenging market conditions. One of the standout achievements during […]
Islamabad, August 27, 2024 — In a first-of-its-kind collaboration in South Asia, Proparco, Karandaaz Pakistan, and Parwaaz Financial Services Ltd have joined forces to enhance access to finance for women-led businesses and early-stage green technology ventures in Pakistan. This strategic partnership aims to empower those who are traditionally underserved by the conventional financial system, particularly […]
Pakistani startups DealCart and NayaPay have earned spots on the prestigious Forbes Asia 100 to Watch List, which highlights emerging small companies and startups from across the Asia-Pacific region. This year’s list features companies from 16 countries and territories, spanning 10 diverse industries, including enterprise technology, robotics, finance, manufacturing, and energy. India leads with 20 […]
August 27, 2024 – Karachi: The Pakistan Fintech Network (PFN) has proudly announced the signing of a Memorandum of Understanding (MOU) with Sunshine Technologies, marking the beginning of a groundbreaking partnership aimed at driving innovation in the financial technology sector. This strategic collaboration is poised to reshape the fintech landscape in Pakistan, fostering new opportunities […]
Pakistan, Karachi – 26 August 2024: Habib Bank Limited (HBL) has announced robust financial results for the first half of 2024, reporting a consolidated profit before tax of Rs 57.8 billion, marking a 12% increase over the same period last year. The bank’s profit after tax rose by 10% year-on-year to Rs 29.1 billion, with […]
The Punjab Provincial Cooperative Bank Limited (PPCBL) is proud to announce a transformative partnership with BOPBiz, signaling a significant step towards digitalization. This strategic alliance is set to strengthen the future prospects of PPCBL by harnessing the power of technology and innovation. The partnership was officially marked by a ceremony attended by Saleem Tahir, President/CEO […]
IBA Karachi, in collaboration with Stanford University and with the generous support of Bank Alfalah Islamic, is set to embark on a groundbreaking initiative to revolutionize education and research in Pakistan. The partnership will see the establishment of a state-of-the-art design lab at IBA Karachi, introducing an innovative curriculum, cutting-edge programs, and comprehensive training opportunities […]
Meezan Bank, Pakistan’s leading Islamic bank, has entered into a strategic partnership with Mastercard, a global leader in payment technology, aimed at boosting debit card usage and enhancing payment solutions across the country. The collaboration is set to further strengthen the digital payments ecosystem, offering customers more secure, convenient, and innovative financial services. The signing […]
Islamabad, Pakistan – In a significant move to strengthen Pakistan’s burgeoning startup ecosystem, Telenor Velocity, the premier startup accelerator of Telenor Pakistan, has announced a strategic partnership with Invest2Innovate (i2i). This collaboration aims to empower startups across Pakistan by combining Telenor Pakistan’s extensive market reach, technological infrastructure, and industry expertise with i2i’s proven track record […]
Islamabad, August 22, 2024 – In a historic milestone for Pakistan’s technology sector, the National Incubation Center for Aerospace Technologies (NICAT) partnered with Meta, the Ministry of IT and Telecom Pakistan, and Ignite – National Technology Fund to host the first-ever Meta Llama Pitchathon in the Asia-Pacific region. The event, which began on July 19, […]