KTrade, has introduced a groundbreaking embedded stock trading feature that enables over 20 million active JazzCash users to invest directly in Pakistan’s capital markets. This strategic integration marks a major milestone for financial inclusion in the country. Until now, only about 400,000 individuals in Pakistan had direct access to stock market investing. With this launch, […]
Karachi, Pakistan — Faysal Bank Limited (FBL) and EFU Life Assurance Ltd have announced a strategic partnership aimed at introducing two groundbreaking Takaful propositions — the EFU Takaful Zenith Plan and the EFU Takaful WIN FitCover Plan — tailored to meet the evolving financial and lifestyle needs of Faysal Bank customers. The agreement was formalized […]
The State Bank of Pakistan (SBP) has partnered with the World Bank Group, through its private sector arm, the International Finance Corporation (IFC), to expand local currency financing and support private sector growth in Pakistan. Through an International Swaps and Derivatives Association (ISDA) agreement, the partnership will enable IFC to manage currency risks more effectively […]
PM says Pakistan’s industrial growth depends on development of small and household industries New AI-based “Womenpreneurship Platform” to guide women on business registration, taxes and skills ISLAMABAD: Prime Minister Shehbaz Sharif on Monday directed authorities to set a clear timeline for implementing reforms for small and medium-sized industries and accelerate work on an AI-driven platform […]
KARACHI: The State Bank of Pakistan (SBP) has introduced a comprehensive regulatory framework aimed at fostering fairness, transparency, and consumer-centric practices across the country’s financial sector. Titled the “Business Conduct and Fair Treatment of Consumers Regulatory Framework (BC&FRF),” the new initiative seeks to ensure that banks and financial institutions uphold principles of integrity, transparency, and […]
barq Pakistan has obtained the In-Principle Approval (IPA) from the State Bank of Pakistan (SBP) to establish an Electronic Money Institution (EMI) Wallet in Pakistan, paving the way for its entry into one of the most promising digital financial markets in the region. barq Pakistan plans to introduce a full suite of digital financial services after […]
Karachi 13 October 2025: Sometimes things don’t go as planned with deliveries, but now, getting a refund is the easy part. InDrive, a global mobility and urban services platform, has partnered with Simpaisa, a leading payment digital service provider, to introduce an instant payout feature for delivery claims. The new solution is designed to enhance […]
Mobile-first digital nano-lending platform, Daira marked its first anniversary of operations in Pakistan with a renewed commitment to advancing financial inclusion and access to finance for the country’s unbanked and underbanked populations. Daira was launched by Pakistan fintech company Finleap, a part of global financial technology leader FinVolution Group (NYSE: FINV) that connects millions of […]
KARACHI: United Bank Limited (UBL), one of Pakistan’s largest commercial banks, has announced a consolidated profit after tax of Rs35.36 billion for the quarter ended September 30, 2025 — an 89% year-on-year increase compared to Rs18.73 billion in the same period last year, according to the bank’s financial results submitted to the Pakistan Stock Exchange […]
ISLAMABAD: Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb has welcomed successful negotiations with the US Administration leading to a tariff deal. He expressed these sentiments during a meeting Robert Kaproth, Assistant US Treasury Secretary for International Finance and Counselor Jonathan Greenstein here in Washington DC, where he has arrived to attend the annual […]