KARACHI: The federal government has established the Climate Risk Fund I (CRF-I) under the World Bank–funded Resilient and Accessible Microfinance (RAM) Project, with financing of $125 million, to strengthen climate resilience in the agriculture sector and safeguard the country’s microfinance industry from flood-induced shocks. The State Bank of Pakistan (SBP) will manage the Fund under […]
The State Bank of Pakistan (SBP) announced on Monday that the Monetary Policy Committee has kept the interest rate unchanged at 11 percent in its meeting held on September 15, 2025, citing moderate inflation and stronger economic momentum but warning of risks from widespread flooding. The central bank said inflation eased to 3% in August […]
ISLAMABAD – The Pakistan Virtual Asset Regulatory Authority (PVARA) has invited expressions of interest (EoI) from leading global exchanges and virtual asset service providers (VASPs) to participate in Pakistan’s digital economy, according to a statement issued by the Finance Division on Saturday. The announcement follows PVARA’s inaugural board meeting last month, where it discussed lifting […]
At Digitt+, our mission has always been to build secure, inclusive, and innovative digital financial infrastructure that empowers businesses to serve their customers better. Our recent partnership with EZ Wage is a strong example of this vision in action. EZ Wage is revolutionizing financial access for workers and businesses across Pakistan. With the launch of […]
Karachi, September 11, 2025, In a first-of-its-kind innovation, a Karachi wedding this weekend introduced digital salami through the State Bank of Pakistan’s Raast QR system, turning a centuries-old cultural tradition into a modern, cashless experience. Guests were invited to bless the newlyweds not with cash-filled envelopes, but by scanning a Raast QR placed by fintech […]
Pakistan’s digital lending stack is evolving fast and AdalFi is at the center of that shift. The company confirms its banking partners have enabled more than $200M in lending with defaults holding at 0.2%. Under the hood, AdalFi’s AI scoring model has processed 1.2B+ transactions and evaluated 30M+ borrowers. The system keeps learning from 50K+ […]
KARACHI: Pakistan’s banking sector remained resilient and well-capitalised in the first half of 2025, supported by strong deposit growth, contained credit risks, and robust capital buffers, the State Bank of Pakistan (SBP) said in its Mid-Year Performance Review of the Banking Sector (January–June 2025). According to the central bank, the asset base of the sector […]
KARACHI — The State Bank of Pakistan (SBP) has instructed commercial banks and financial institutions (FIs) to compensate customers for any financial losses within two business days if a data security breach occurs. According to the central bank, FIs must take immediate steps to safeguard affected customers from further losses and notify them within 48 […]
PAKISTAN: Over PKR 5 billion has been deposited through TouchPoint’s CADEPO, powered by QMatch, across Pakistan’s retail sector. This advanced Cash & Cheque Deposit Solution (CCDM) has enabled Faysal Bank retail customers to conveniently access 24/7 real-time deposit services, reducing reliance on branch counters and enhancing overall banking efficiency. CADEPO powered by QMatch combines reliability, […]
The Bank of Punjab (BOP), proudly announced the official launch of its state-of-the-art SME lending product, “BOP SME Digital Finance,” at a prominent event held in Karachi. The launch marks a significant milestone in Pakistan’s financial sector, reinforcing the bank’s commitment to nurture inclusive and digitalized financial solutions for small and medium enterprises (SMEs). The […]