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 […]
Lahore-based student organization partners with leading media platform to bridge academia and industry through content creation, cross-promotion, and community building Lahore, Pakistan – [15th December], 2025 – NUCES FinTech Society (NFS), a student-led organization based at FAST-NUCES Lahore campus, and Fintech News Pakistan have formalized a strategic partnership through a Memorandum of Understanding aimed at […]
Islamabad: In a move aimed at leveraging emerging financial technologies to strengthen Pakistan’s capital markets and expand global investor access, the Ministry of Finance, Government of Pakistan, has signed a Memorandum of Understanding (MoU) with Binance Investments Co., Ltd., one of the world’s leading blockchain and digital asset technology companies. The MoU was signed at […]
ISLAMABAD: Alfalah Investments, a leading Pakistani asset management company, and LMKR, a global technology and innovation enabler, have joined forces to launch a first-of-its-kind angel investment fund aimed at accelerating early-stage, tech-driven entrepreneurship in Pakistan. Announced on Thursday, the initiative represents a significant shift toward a coordinated, institutionalised model of venture creation in the country—moving […]
Karachi– Citi announced today the appointment of Habib Yousuf as the Citi Country Officer (CCO) & Banking Head for Pakistan. His appointment will be effective December 15, 2025. Habib Yousuf will report to Naveed Kamal, Sub-Cluster & Banking Head, Middle East & Pakistan and succeeds Ahmed Bozai, former Citi Country Officer & Banking Head for […]
Systems Limited has announced that its Board of Directors has approved the acquisition of Confiz Pakistan (Private) Limited, along with all its direct and indirect shareholdings in the Confiz Group of Companies. According to a notice submitted to the Pakistan Stock Exchange (PSX), the transaction will be executed through an amalgamation or merger of Confiz […]
Singapore – NayaPay, one of Pakistan’s fastest growing fintech platforms, has launched global QR payments in collaboration with Alipay+, Ant International’s global wallet gateway. The partnership enables millions of NayaPay users to scan-and-pay at Alipay+ merchants initially across more than 50 countries, connecting Pakistani consumers to an extensive global ecosystem spanning retail, dining, transport, healthcare, entertainment and more. With […]
London/Karachi: Faysal Bank Limited (FBL), one of Pakistan’s leading Islamic banks, has been recognized by the State Bank of Pakistan (SBP) under its Pakistan Remittance Initiative (PRI) as the Fifth Largest Bank in the Pakistan Remittance Market. The honor was presented at the Pakistan Remittance Summit 2025, held recently in London, UK. The recognition underscores […]