In a significant move towards the advancement of Islamic FinTech, MYTM, a leading FinTech company, and AlHuda Centre of Islamic Banking and Economics (CIBE) have officially entered a strategic partnership, as announced today during a momentous signing ceremony. The ceremony, graced by key industry figures including Dr. Sohail Zafar Cheema, Chairman of MYTM and former […]
Breaking News: Zindigi Partners with Sindh Government and Mastercard to Revolutionize Transit System in Karachi In a groundbreaking move aimed at transforming urban mobility in Karachi, Zindigi, powered by JS Bank in collaboration with the Sindh Government and Mastercard, has launched Pakistan’s first open-loop transit solution. This innovative initiative redefines travel experiences for citizens and […]
In the rapidly evolving landscape of financial technology (fintech), the integration of artificial intelligence (AI) has emerged as a key driver of innovation and transformation. Among the various AI technologies, generative AI stands out as a pivotal enabler, revolutionizing how fintech companies operate and deliver services. Generative AI, capable of producing new content or data […]
HBL Announces Rs. 6 Billion Equity Investment in HBL Microfinance Bank Ltd Habib Bank Ltd (HBL) has recently disclosed its decision to inject up to Rs. 6 billion in equity into its subsidiary, HBL Microfinance Bank Ltd (HBL MfB), as confirmed in a notification to the Pakistan Stock Exchange (PSX) on Tuesday. Established in 2002, […]
Strategic Partnership Aims to Boost Financial Inclusion and Productivity for Smallholder Farmers In a bid to transform the landscape of agricultural finance, Digitt+, a leading electronic money institution specializing in agricultural financial solutions, has teamed up with Kissan Sahara, an innovative Agri Tech startup. The collaboration, unveiled today, marks a strategic alliance aimed at enhancing […]
Islamabad, Pakistan – May 2, 2024 In a landmark development aimed at fostering innovation and entrepreneurship in Pakistan, the National Science & Technology Park (NSTP) at the National University of Sciences and Technology (NUST) has forged a strategic collaboration with U Microfinance Bank (U Bank). This partnership aims to leverage NSTP’s flagship programmes, including the […]
Fils, the fast growing, UAE-based enterprise-grade digital infrastructure provider enabling companies to embed sustainability and climate action into their business models, today expands its offerings to Pakistan with a strategic partnership with TPS, a leading digital banking and payments solution provider powering banks, digital banks, fintechs, payment processors, merchants, and telecoms around the world. The collaboration […]
Soneri Bank Limited (PSX: SNBL) Reports 18.2% YoY Rise in Quarterly Profit Soneri Bank Limited (SNBL) has released its financial statement for the quarter ending March 31, 2024, indicating a notable upturn in profits. The bank disclosed a profit of Rs1.76 billion, reflecting an impressive 18.2% Year-over-Year (YoY) increase compared to the same period last […]
Breaking News: Askari Bank Limited (PSX: AKBL) Reports Decline in 1QCY24 Earnings Askari Bank Limited (PSX: AKBL) has announced its financial results for the first quarter of 2024 (1QCY24) today, revealing a notable decrease in profitability compared to the same period last year. The bank’s Profit After Tax (PAT) for 1QCY24 stands at Rs. 3.7 […]
Standard Chartered Bank Pakistan Limited Reports Impressive Q1 2024 Performance In a notable display of financial prowess, Standard Chartered Bank Pakistan Limited (SCBPL) has announced a substantial surge in its first-quarter profits for 2024. The bank reported a staggering 53 percent growth in profit before tax, reaching Rs. 24.7 billion. After-tax profits also experienced a […]