The State Bank of Pakistan (SBP) has issued a license to Raqami Digital Bank to operate digital banking across the country. The bank will operate as the Islamic Digital Retail Bank. Consequent upon the granting of Digital Retail Bank (DRB) License to Raqami Islamic Digital Bank Limited, the State Bank of Pakistan (SBP), in exercise […]
ABHI Microfinance Bank Ltd. (Abhi MFB) has entered into a strategic partnership with 1LINK to roll out 1GO Raast Person-to-Merchant (P2M) services, enabling merchants nationwide to accept instant digital payments through Raast using QR technology. The agreement was formalized at a signing ceremony where Mariam Pervaiz, Chief Commercial Officer – Abhi Microfinance Bank, and Najeeb […]
Karachi, February 9th, 2025: The Board of Directors of Meezan Bank, in its meeting held on February 9th, 2025 approved the financial statements of the Bank and its consolidated financial statements for the year ended December 31, 2025. The meeting was chaired by Mr. Riyadh S.A.A. Edrees – Chairman of the Board. Meezan Bank reported a […]
KARACHI: The Board of Directors of Soneri Bank Limited, in their 214th meeting held in Karachi on 29 January 2026, approved the Bank’s annual financial statements for the year ended 31December 2025. The results demonstrate stable and persistent performance in all areas despite declining interest rates. The Bank posted profit before tax (PBT) of Rs. […]
[Lahore: February 04, 2026] MCB Bank Limited is pleased to announce another year of resilient financial performance for the year ended December 31, 2025, reflecting the Bank’s strategic agility, balance sheet strength, and disciplined execution amid a dynamic macroeconomic and operating environment. The Board of Directors of MCB Bank, under the Chairmanship of Mian Mohammad […]
Pakistan is set to be among the most heavily weighted countries in a proposed new JPMorgan index tracking frontier-market local-currency bonds, as the global bank moves closer to launching a benchmark aimed at higher-yielding emerging economies. According to investors consulted by Reuters, the proposed index will include local-currency bonds from around 20 to 25 frontier […]
In a vibrant display of innovation and ambition, Lahore witnessed the grand inauguration of Fintech Edge Institute on January 31, 2026, marking a significant milestone in Pakistan’s burgeoning fintech ecosystem. Spearheaded by Mr. Nazish Ali, Chairman of the Board and President & CEO of Apna Microfinance Bank Limited, the event drew over 200 industry leaders, […]
KARACHI: ABHI Microfinance Bank has signed a Memorandum of Understanding (MoU) with DigiKhata, a leading digital ledger platform used by small and medium enterprises (SMEs), to enable structured financing solutions for businesses operating on DigiKhata’s platform. The partnership is designed to connect digitally active SMEs with formal financial services, allowing eligible merchants and businesses on […]
United Bank Limited (UBL) has introduced an AI-powered – Voice Command feature inside the UBL Digital App, enabling customers to complete everyday banking actions simply by speaking. The feature brings a new, hands-free way to bank in Pakistan. “Speak More, Tap Less”: What Voice Command Does With a tap on the microphone icon, users can […]
Pakistani voice AI startup Uplift AI has raised $3.5 million in a funding round led by Y Combinator, the Silicon Valley accelerator known for backing companies such as Airbnb, Dropbox, and GitLab. The round also saw participation from Indus Valley Capital, Pakistan’s leading early-stage venture fund, along with Pioneer Fund, Conjunction, Moment Ventures, and a […]