Fintech startup ZAR secures $12.9M led by a16z to expand access to dollar-backed stablecoins for Pakistan’s unbanked through local kiosks and remittance agents. Dollar Access for the Unbanked Fintech startup ZAR has raised $12.9 million in a funding round led by Andreessen Horowitz (a16z), with participation from Dragonfly Capital, VanEck Ventures, Coinbase Ventures, and Endeavor […]
Bank Makramah Limited (BML) has continued its remarkable recovery by posting a profit before tax of PKR 1.75 billion for the nine months ended September 30, 2025 — a sharp turnaround from a loss of PKR 5.05 billion recorded in the same period last year. This represents a positive swing of PKR 6.80 billion, underscoring […]
KARACHI: MCB Islamic Bank has officially launched its all-new mobile banking application, “SUBUK”, marking a major milestone in the Bank’s digital transformation journey. Designed to redefine how customers experience Islamic banking, SUBUK offers enhanced convenience, reliability, and security empowering users to manage their finances seamlessly anytime, anywhere. Developed with a customer-first approach, the app features […]
Systems Limited (PSX: SYS), Pakistan’s leading technology powerhouse, has announced a robust financial performance for the first nine months of calendar year 2025, posting a profit after tax (PAT) of Rs. 7.94 billion — a 46% year-on-year increase from Rs. 5.43 billion recorded in the same period last year. The company’s earnings per share (EPS) […]
Lahore, October 2025 — In a major milestone toward advancing Pakistan’s digital payment ecosystem, Link International Exchange Company (Pvt.) Ltd., one of the country’s largest and most trusted exchange companies, has partnered with the State Bank of Pakistan (SBP) to introduce QR code–based payment services under the national Raast Person-to-Person (P2P) program. This landmark initiative […]
Marking a significant milestone in its digital transformation journey, Telenor Pakistan has introduced a WhatsApp-based SIM purchase replacement and bundle subscription service, redefining how customers experience mobile connectivity. This innovative service reflects Telenor Pakistan’s focus on customer convenience, offering a simple, secure, and contactless way to get a SIM—without visiting a retail outlet. Customers can […]
BankIslami, one of Pakistan’s fastest-growing Islamic financial institutions, reported a profit before tax (PBT) of PKR 10.88 billion for the nine months ended September 2025, further strengthening its efforts to build a Riba (interest)-free financial ecosystem in the country. The Bank recorded a 107% year-on-year growth in Non-Funded Income, while its deposit base grew by […]
Karachi, 24 October: Meezan Bank, Pakistan’s leading Islamic bank, in collaboration with Mastercard, has successfully concluded the “Spend Big, Win Big” cross-border spending campaign. The initiative encouraged customers to use their Meezan Mastercard Debit Cards for international transactions, reinforcing the Bank’s commitment to promoting secure and Shariah-compliant global payment solutions. The campaign concluded with an event […]
Faysal Bank Limited (FBL) demonstrated resilient financial performance, reporting Profit Before Tax (PBT) of PKR 32.8 billion and net profit of PKR 15 billion. Earnings Per Share stood at PKR 9.89/. The Bank also declared an interim cash dividend of Rs 1.5/- per share, i.e. 15%. FBL’s balance sheet showed robust growth and total assets […]
Meezan Bank (MEBL), the country’s largest Islamic bank, posted consolidated profit after tax (PAT) of Rs23.38 billion for the quarter that ended September 30, 2025, down by 11% from Rs26.21 billion in the same period of the preceding year. According to a notice sent to the Pakistan Stock Exchange (PSX) on Friday, earnings per share […]