TPL Corp Limited has entered into a Share Purchase Agreement (SPA) with Jazz International Holding Limited for the sale of shares and transfer of control of its subsidiary, TPL Insurance Limited. The listed company informed its stakeholders in a notice to the Pakistan Stock Exchange (PSX) on Friday. “This is in continuation of our earlier […]
Ignite National Technology Fund, operating under the Ministry of Information Technology and Telecommunication, has initiated a process to engage firms for establishing and managing the Pakistan Venture Fund (PVF), a new initiative aimed at strengthening the country’s technology and startup ecosystem. According to the announcement, the proposed venture fund will focus on improving access to […]
JazzWorld, Pakistan’s leading integrated digital ServiceCo, has reinforced its commitment to advancing women’s digital inclusion and supporting locally relevant innovation through two strategic engagements with the GSMA ecosystem announced during Mobile World Congress (MWC) Barcelona. As part of the GSMA Connected Women initiative, JazzWorld has committed to expanding meaningful digital participation for women across its platforms […]
Allied Bank has achieved a major milestone in customer centric innovation by becoming the first bank in Pakistan to deploy an AI powered humanoid robot, “Pepper.” This initiative reflects Allied Bank’s commitment to enhancing in-branch experiences through smarter, more engaging, and digitally enabled customer interactions. Pepper will support customers by addressing common queries, guiding them […]
Pakistan’s lower house of parliament approved legislation to regulate digital assets, paving the way for the creation of a dedicated watchdog to oversee the country’s virtual currency market. The National Assembly passed the “Virtual Assets Bill, 2026,” after the Senate cleared the legislation on February 27. The bill will now be sent to President Asif […]
National Bank of Pakistan (NBP) has embarked on the journey towards integration of technology systems via new Enterprise Service Bus (ESB) platform. The signing ceremony was held at NBP Head office, graced by Mr. Shaikh Ausaf Ahmed, Chief Technology Officer (A) from NBP and Mr. Amin ul Hafeez, CEO Arcana Info Pvt Ltd. This upgrade […]
February 2026: Owais Mukhtar, President of Nuces Fintech Society Executive Overview Pakistan has stabilized but it has not transformed. After approaching sovereign default in 2023, macro indicators improved. GDP reached 411 billion dollars in FY2025, inflation fell to 4.7 percent, and foreign reserves rose to 16.6 billion dollars. Remittances climbed to 34.6 billion dollars .These […]
Bank Makramah Limited (BML) has announced its financial results for the year ended December 31, 2025, delivering a landmark financial recovery with Pre Tax Profit of PKR 19 Billion and a total turnaround of PKR 26.35 Billion compared to the previous year. Profit after tax also stood positive at Rs. 8.79 Billion against loss of […]
ISLAMABAD: ACE Money Transfer, one of the leading global remittance service providers, has entered into a strategic partnership with Askari Bank to expand and strengthen legal and digital remittance channels into Pakistan. The collaboration was formalised through a signing ceremony held here on Thursday, attended by senior leadership from both financial institutions. This partnership further […]
LAHORE: MCB Islamic Bank Limited has appointed Hammad Khalid as its new President and Chief Executive Officer. The Board of Directors of MCB Islamic Bank has approved Khalid’s appointment in line with its strategic vision and governance framework. His appointment reflects the Bank’s commitment to strengthening leadership and driving sustainable growth in an evolving financial […]