Karachi: easypaisa Digital Bank has processed more than 4.5 billion transactions worth over PKR 15 trillion in 2025, marking a major milestone as it completed the first anniversary of its digital banking operations. The announcement was made at the bank’s Annual Stakeholder Dinner, attended by government officials, regulators, partners, industry leaders, media, and members of […]
Karachi, 21 December: A landmark initiative aimed at supporting the continued development of Islamic banking and finance in Pakistan was marked with the inauguration of the Irfan Siddiqui Center for Advancement of Islamic Finance at the National Institute of Public Administration (NIPA). The Center has been established to commemorate Mr. Irfan Siddiqui, widely recognized as a […]
Faysal Bank recently unveiled a first-of-its-kind digital-experience center at its regional office in Lahore. The ‘Faysal Self-Serve Digital Lobby’ is aimed at providing customers with an intuitive 24/7,365 experience, offering round-the-clock banking services through its state of the art in-branch-digital-solutions. The Faysal Self-Serve Digital Lobby is a unmanned experience center, offering customers a unique market-first […]
Islamabad: The federal government on Thursday held discussions with Ant Group, a global digital payments and financial technology company, and Easypaisa Digital Bank to advance digital payments, financial inclusion and technology-driven financial services in Pakistan. Federal Minister for Finance Muhammad Aurangzeb met a delegation at the Finance Division comprising Douglas Feagin, President of Ant International […]
Islamabad: Pakistan Virtual Assets Regulatory Authority (PVARA) Chairman Bilal bin Saqib and State Bank of Pakistan (SBP) Governor Jameel Ahmad on Thursday held discussions on key developments related to digital assets, including adoption frameworks, Central Bank Digital Currency (CBDC) implementation, and Pakistan’s broader regulatory roadmap for the digital asset ecosystem. In a statement shared on […]
Fatima Fertilizer Company Limited and IFC, a member of the World Bank Group, announced a renewable liquidity facility of US$60 million per year to help maintain uninterrupted domestic fertilizer production by enabling Fatima Fertilizer to import essential raw materials, machinery, and technical services. Pakistan has faced shortages of foreign exchange and delays in clearing imports, […]
KARACHI: The general public will be able to subscribe to the initial public offering (IPO) of Pak Qatar Takaful Limited (PQFTL) from December 17, after the offering received a strong response from institutional investors during the book-building phase. Under the retail tranche, 12.5 million shares — representing 25 percent of the total IPO size — […]
Karachi: Jazz International Holding Limited has been confirmed as the new acquirer of shares and control of TPL Insurance Limited, replacing the previously announced VEON Group Holding Company Ltd and its affiliates. The development was disclosed by Arif Habib Limited (AHL), acting as the manager to the offer, through an addendum to the public announcement […]
Decision contrary to market expectations, which expected central bank to maintain status quo. Contrary to market expectations, the Monetary Policy Committee (MPC) of the State Bank of Pakistan (SBP) decided to reduce the policy rate by 50 basis points (bps) to 10.5% on Monday. The market expected the central bank to maintain the status quo. […]
ISLAMABAD – Samba Bank Limited Pakistan has inaugurated the “The Kingdom Connect – Saudi Business Facilitation Center”at its Jinnah Avenue Branch in Islamabad. This landmark initiative reaffirms Samba Bank’s commitment to foster deeper economic engagement between Pakistan and the Kingdom of Saudi Arabia. The inauguration ceremony was graced by Jamil Qureshi, Secretary, Special Investment Facilitation […]