In a significant step towards revolutionizing customer verification and onboarding processes, Askari Bank and truID Technologies have announced a strategic partnership. The collaboration, celebrated at a signing ceremony held at the National Science and Technology Park (NSTP) at the National University of Sciences and Technology (NUST), aims to enhance customer interactions and security through the […]
In a significant move to advance digital payment solutions, the Punjab Information Technology Board (PITB) and Bookme.pk have signed an agreement to integrate and promote PayZen, PITB’s digital payment platform. The signing ceremony took place at PITB’s headquarters, where PITB Chairman Faisal Yousaf and Bookme.pk CEO Faizan Aslam formalized the partnership. Chairman Faisal Yousaf provided […]
In a significant move aimed at bolstering the agricultural sector in Pakistan, Askari Bank Limited (AKBL) and Fauji Fertilizer Company Limited (FFC) have announced a strategic partnership. This collaboration marks a major step towards enhancing financial inclusion and productivity in the agricultural sector, reinforcing both organizations’ commitment to sustainable growth and development. The partnership aims […]
Karachi, July 25, 2024 — In a groundbreaking move to digitize payment processes within the agricultural sector, Syngenta, a global leader in agricultural technology, has partnered with Haball, Pakistan’s largest payment aggregator solution provider. This strategic collaboration aims to revolutionize payment methods for Syngenta’s agri-based franchises across Pakistan. The partnership, facilitated through a referral by […]
Pak Oman Investment Company has chosen BenchMatrix‘s RiskNucleus Loan Origination System (LOS) to enhance its credit approval and risk management processes. This strategic decision aims to leverage cutting-edge technology to streamline loan origination and boost operational efficiency. The RiskNucleus LOS is a comprehensive solution designed to manage various aspects of the loan approval process. Key […]
In a significant move towards improving digital healthcare access, Telenor Microfinance Bank has partnered with oladoc to offer a wide range of digital healthcare benefits to easypaisa users. This collaboration aims to empower easypaisa users by providing them with easy access to quality healthcare services through the oladoc mini app. The partnership allows users to […]
In a significant move to enhance financial inclusion and drive economic growth in Pakistan, the Pakistan Microfinance Investment Company (PMIC) and the U.S. International Development Finance Corporation (DFC) have signed a Loan Portfolio Guaranty Agreement. This strategic partnership will provide a loan portfolio guaranty of up to $15 million. The initiative aims to empower women […]
Mobilink Bank, Pakistan’s leading digital microfinance bank and a subsidiary of the global digital operator VEON Group, has announced a strategic partnership with AutoSoft Dynamics, a renowned provider of core banking and financial application solutions. This collaboration aims to automate Mobilink Bank’s treasury operations, ensuring seamless integration with the State Bank of Pakistan’s (SBP) PRISM […]
Islamabad, July 25, 2024 – The auto financing sector in Pakistan has experienced a notable decline for the second consecutive year, with total outstanding loans decreasing to Rs230.5 billion in June 2024, down from Rs233 billion in May. This continued downward trend reflects a significant contraction from the June 2022 figure of Rs368 billion, amounting […]
Islamabad, July 25, 2024 — The State Bank of Pakistan (SBP) has issued comprehensive guidelines to regulate the transfer and assignment of Non-Performing Assets (NPAs) from Financial Institutions (FIs), including banks and Development Financial Institutions, to Corporate Restructuring Companies (CRCs). This move aims to ensure that such transactions are conducted in a fair, transparent, and […]