United Bank Limited (UBL) has executed Pakistan’s largest-ever Interest Rate Swap (IRS) transaction with Pakistan Mobile Communications Limited (Jazz), with a notional value of Rs. 75 billion, marking a major milestone in the development of the country’s financial derivatives market. Under the transaction, Jazz has converted its floating-rate borrowing exposure into a fixed-rate obligation, allowing the telecom […]
Islamabad: Pakistan has taken another step toward strengthening its digital finance ecosystem as the Ministry of Finance signed a Memorandum of Understanding (MoU) with SC Financial Technologies LLC, an affiliated entity of World Liberty Financial, to collaborate on emerging digital payment architectures, including the potential use of the firm’s USD1 stablecoin for cross-border transactions. The […]
Visa, a global digital payments company, and easypaisa Digital Bank have entered into a strategic partnership aimed at expanding card-based digital transactions across Pakistan and international markets, the companies said on Tuesday. Under the agreement, the two sides will strengthen collaboration to increase the issuance and usage of Visa-branded debit and credit cards, with a […]
Few places feel as resolutely analogue as a government office in Pakistan. Yet it was at a NADRA centre, during a routine ID card renewal, that Pakistan’s digital shift became unmistakably real. When it came time to pay, I was told the fee could only be transferred via Raast. No cash. No card. As an […]
Bank of Khyber (BoK) has been recognized among the top-performing banks in the Asia-Pacific region in terms of total shareholder returns for 2025, according to a recent report by S&P Global Market Intelligence. The report highlights the exceptional performance of banks, with Pakistani institutions leading the regional rankings. As per S&P Global’s analysis, Bank of […]
Meeting focused on expanding cashless payments, government digitization, financial inclusion beyond major cities Talks come as Pakistan accelerates IMF-backed reforms, pushes digital modernization of public finances ISLAMABAD: Pakistan’s finance minister has met senior executives of payments giant Visa to discuss advancing digital payments, financial inclusion and broader economic reforms as the government accelerates its digitization […]
Seven Pakistani banking stocks emerged among the top-performing lenders in the Asia-Pacific region in 2025, driven by low base valuations, improving profitability, elevated interest rates, balance-sheet clean-up, and renewed investor confidence in Pakistan’s macroeconomic outlook. According to data compiled by S&P Global Market Intelligence, Pakistani banks dominated the rankings of best-performing Asia-Pacific bank stocks based […]
Islamabad: The Pakistan Virtual Assets Regulatory Authority (PVARA) held a high-level meeting with a senior delegation from the United Arab Emirates at the Prime Minister’s Office to advance Pakistan’s national agenda on real-world asset (RWA) tokenisation. The meeting was chaired by Bilal Bin Saqib, Chairman of PVARA, and attended by senior officials of the Authority. […]
Islamabad: Askari Bank Limited has reaffirmed its commitment to strengthening Pakistan’s economy by accelerating its transition toward a stable, ethical, and inclusive financial system through the expansion of Shariah-compliant banking services. Islamic Banking is now available across all branches of Askari Bank, marking a significant milestone in the Bank’s transformation journey. The initiative aligns with […]
LAHORE 06-January-2026: Renowned Chinese inverter manufacturer Hoymiles has fostered partnership with Harisun Energy and Superstar to provide high-tech, long-duration energy storage solutions for residential, commercial, and industrial buildings utilizing solar systems for electricity consumption in Pakistan. In this regard, the launching event was held in Lahore, unveiling multiple storage solutions produced by Hoymiles under the […]