ISLAMABAD: JazzCash has crossed 60 million registered customers, processing Rs 16.8 trillion (approximately USD 59.7 billion) in Gross Transaction Value in the 12 months ending March 31, 2026, up 56 percent year-on-year, as demand for digital payments, lending, and disbursement services continued to accelerate. The rapid expansion in transaction value was driven by a 47.3 […]
Islamabad, May 14, 2026: Pakistan’s leading digital microfinance Bank, Mobilink Bank, has launched the “Bibi App,” a breast cancer awareness mobile application designed to support Pakistani women through accessible and localized health information. The application has been developed by Aangan, a startup focused on women’s reproductive health and an incubatee of Mobilink Bank’s Women Inspirational […]
National Bank of Pakistan (NBP) has received approval for the commercial launch of Raast Person-to-Merchant (P2M) Acquiring, marking a major milestone in the Bank’s digital payments journey and Pakistan’s broader transition towards a cashless economy. On this occasion, a meeting was held with representatives from NBP’s Digital Banking Group and the State Bank of Pakistan’s […]
Karachi— Citi outlined a clear pathway to stronger and more durable returns at its 2026 Investor Day, highlighting the increasing strategic importance of its global network in driving future growth. Led by Jane Fraser, Chair and Chief Executive Officer, alongside the leaders of Citi’s five businesses and its Chief Financial Officer, Investor Day set out near‑ […]
GRAND-LANCY, Switzerland and COPENHAGEN, Denmark – May 12, 2026 – Temenos (SIX: TEMN), a global leader in banking technology, today announced that Habib Bank Limited (HBL), a leading financial institution in Pakistan, has successfully gone live with Temenos Core Banking in one of the region’s most ambitious modernization programs. The initial go-live supports Conventional and […]
Islamaba May 8, 2026 – easypaisa digital bank delivered a record-breaking quarter, further strengthening its leadership as Pakistan’s first digital retail bank. For the quarter ended March 31, 2026, the Bank reported a profit after tax (PAT) of PKR 1.49 billion and earnings per share (EPS) of Rs. 2.47, while profit before tax (PBT) reached […]
KARACHI: Allied Bank’s strategic emphasis on sound risk management, balanced portfolio diversification, and prudent capital allocation is strengthening its resilience. Coupled with a strong focus on digitalization and operational efficiency, this approach is enhancing customer value and sustainable growth. The Bank recorded markup up/interest income of Rs. 83,699 million for the quarter ended March 31, […]
KARACHI: JS Bank Limited on last Wednesday announced its financial results for the quarter ended March 31, 2026, reporting a profit before tax of Rs 2.175 billion and profit after tax of Rs 1.045 billion, translating into earnings per share (EPS) of Rs 0.51. JS Bank’s balance sheet showed moderate growth, with total assets reported […]
Pakistan’s digital payments ecosystem witnessed significant growth in 2025, with transactions processed through the State Bank of Pakistan’s instant payment system, RAAST, reaching nearly Rs. 50 trillion, according to the central bank’s latest Financial Stability Review. The report revealed that RAAST’s user base expanded to 48 million individuals, reflecting widespread adoption of instant digital payments […]
Lahore: Pakistan is taking decisive steps to regulate its rapidly growing digital asset ecosystem, as policymakers and industry experts convened at the Leadership Summit on Blockchain and Digital Assets hosted by the LUMS Centre for Digital Assets Research (CeDAR). The summit highlighted the urgent need for regulatory intervention, with officials revealing that nearly 40 million […]