Partnership to enhance remittance services with faster processing, improved security, greater transparency, and convenience for overseas Pakistanis. The Bank of Punjab has entered into a strategic Memorandum of Understanding with Stacks, marking an important step toward transforming Pakistan’s remittance landscape and strengthening the country’s digital financial ecosystem. The MoU was signed by Mr. Muneeb Ali, […]
Ahead of the launch of KSA-1, MPE will serve as the global commercial application layer for financial services delivered on SpaceBelt KSA’s sovereign low-Earth orbit constellation. RIYADH, KINGDOM OF SAUDI ARABIA — April 21, 2026: MPE Solutions Inc. (“MPE” / “Modern Pay Engine”) today announced that it has entered into an agreement with SpaceBelt KSA […]
Karachi, April 20th, 2026: DIB Pakistan and Pocket Money have entered a strategic partnership to enable seamless US Dollar-to-Rupee cashouts across Pakistan, bringing a new level of speed, compliance, and convenience to both cross-border home remittances, and international transactions for freelancers. This partnership marks a significant milestone in Pakistan’s digital financial landscape, by combining DIB […]
KARACHI: HBL declared a consolidated profit before tax of Rs 33.7 billion, and a profit after tax of Rs 16.2 billion for the quarter ended March 31, 2026. EPS for Q1’26 was Rs 11.0. Along with the results, the Bank declared an interim dividend of Rs 6.00 per share for the quarter. HBL’s balance sheet […]
Karachi, Pakistan – : InfraZamin Pakistan Limited, in partnership with Infralectric, a Brillanz Group company, Dubai Islamic Bank Limited, Bank Alfalah Limited, and Meezan Bank Limited today announced the signing of Pakistan’s first-ever PKR 3 Billion, ‘AAA’ Rated, Green Sukuk for the telecom sector, marking a major milestone in sustainable infrastructure financing and climate-aligned capital […]
United Bank Limited posted its highest-ever quarterly profit in the first quarter of 2026, reporting a consolidated profit after tax of Rs. 48.42 billion, while earnings per share rose to Rs. 19.33, according to the bank’s financial results and research snapshot shared by Arif Habib Limited. The latest quarterly result marks a 34 percent increase […]
The Securities and Exchange Commission of Pakistan (SECP) has granted a Non-Banking Finance Company (NBFC) license to Coco Tech Pakistan, a subsidiary linked to Alibaba Group, enabling it to roll out Buy Now, Pay Later (BNPL) services in the country. The development marks Alibaba’s formal entry into Pakistan’s regulated fintech and e-commerce-linked financial services sector. […]
The Bank of Punjab (BOP) has announced that its Board of Directors has approved a one-year extension in the employment contract of its President and Chief Executive Officer, Zafar Masud. The decision was taken during the bank’s 330th emergent Board meeting held on April 13, 2026, according to a notice submitted to the Pakistan Stock […]
Dubai – e& money, the fintech arm of e&, launched a new digital gold investment offering in partnership with SafeGold, enabling customers in the UAE to buy and sell 24-karat (24K) gold with the highest purity of 99.99 per cent directly through the e& money app. Customers can start investing with as little as AED 10 and consistently build […]
Appoints Two Deputy CEOs to Lead Treasury and Investment, and Digital Transformation and Operations Kuwait: In a strategic move aimed at strengthening its journey towards leadership, innovation and sustainable growth, Warba Bank announced a management restructuring at its executive level to align with its vision to deliver integrated banking solutions in compliance with Sharia principles, while […]