The Securities and Exchange Commission of Pakistan (SECP) has signed Memoranda of Understanding (MoUs) with Askari Bank Limited and NayaPay to simplify and accelerate the process of opening corporate bank accounts in Pakistan. Under the new arrangement, companies registered with SECP will be able to access an online option allowing directors to open corporate bank […]
In an important move to build a financially savvy young generation, the State Bank of Pakistan (SBP) has launched a new framework for teenagers’ accounts enabling them to independently own and operate bank accounts and digital wallets. The framework is designed to empower the country’s youth to save securely, transact confidently, and develop responsible financial […]
ISLAMABAD: JazzCash has onboarded its 1 millionth Raast QR-enabled merchant, advancing Prime Minister Shehbaz Sahrif Cashless economy initiative. Kaan Terzioglu, VEON CEO, Aamir Ibrahim, JazzCash Chairman and Murtaza Ali, CEO JazzCash, onboarded 1 millionth merchant. The milestone was marked at a retail outlet operated by the Behbud Association, a non-profit dedicated to the vocational training […]
Habib Metropolitan Bank Limited has announced key leadership reappointments, according to a notice submitted to the Pakistan Stock Exchange (PSX) on Tuesday. The bank confirmed the reappointment of Khurram Shahzad Khan as President and Chief Executive Officer for a further term of three years, reflecting continued confidence in his leadership. In addition, Mohamedali R. Habib […]
KARACHI: Allied Bank continues to strengthen its competitive position through prudent risk management, strategic capital allocation, and diversification across investment and lending portfolios. Its steadfast commitment to operational excellence and digital transformation has not only elevated the customer experience but also reinforced the foundation for sustainable, long-term growth. Allied Bank’s net markup and interest income […]
Pakistan’s economy is undergoing a quiet but significant transformation, which is driven not by traditional industries, but by the rapid expansion of its digital workforce. Over the past few years, millions of Pakistanis have entered global markets through online platforms, offering services in software development, design, marketing, business and administrative support, and consulting. Platforms such […]
TouchPoint has reinforced its position as a key technology partner in the State Bank of Pakistan’s (SBP) Digital Deposit Drive, working closely with leading banks across the country to accelerate the adoption of self-service deposit solutions. As part of this nationwide initiative, TouchPoint has achieved significant scale and impact: 905+ machines deployed nationwide, progressing toward […]
The shareholders of Bank Alfalah (BAFL), one of Pakistan’s largest commercial banks, have approved the sale of its Bangladesh operations to Bank Asia, a private-sector commercial bank based in Dhaka, for around $47.5 million. The listed bank announced the development during its 78th Annual General Meeting (AGM), the minutes of which were shared with the Pakistan […]
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