KARACHI – June 26, 2025: The State Bank of Pakistan (SBP) has reported continued momentum in the country’s digital payments landscape, with significant growth in both transaction volumes and value during the third quarter of FY25. According to the central bank’s latest Quarterly Payment Systems Review, retail digital transactions surged by 12% in volume and […]
Bangkok, Thailand: May 2025. Farmdar is proud to announce a strategic partnership with MSF Sugar Queensland to deploy area-wide and field-level CropScan capabilities. This includes space technology and AI-powered yield prediction, sugarcane crop detection, and harvest monitoring on demand, for MSF Sugar’s operations in Australia. MSF Sugar, headquartered in Queensland, is one of Australia’s largest […]
The Government of Pakistan and the Asian Development Bank (ADB) on Tuesday signed a $350 million loan agreement to support the “Women Inclusive Finance Sector Development Program (Subprogram-II).” The State Bank of Pakistan also signed a related Project Agreement for the Financial Intermediary Loan (FIL). The loan package includes a $300 million policy-based loan and […]
Karachi – June 24, 2025: Meezan Bank, Pakistan’s Premier Islamic bank, has successfully concluded the second batch of ‘Meezan Justuju – A Quest for Islamic Finance Leaders!’, an educational initiative conducted in collaboration with the IBA Centre for Excellence in Islamic Finance (CEIF). As part of the Bank’s broader CSR commitment, this program is designed to […]
KARACHI: United Bank Limited (UBL) has announced a strategic partnership with CashNow, a leading fintech platform, to introduce a cutting-edge Digital Supply Chain Finance solution. The agreement was formally signed at UBL’s Head Office in Karachi, marking a significant milestone in the bank’s digital transformation journey. Through this collaboration, UBL will empower its customers with […]
KARACHI: June 2025 — The State Bank of Pakistan (SBP) has announced a major technological shift in how government securities are traded and auctioned. In a recent circular, the central bank confirmed that all auctions of Market Treasury Bills (MTBs) and Pakistan Investment Bonds (PIBs), including buyback auctions, will now be conducted through the upgraded […]
Karachi, Pakistan – June 24, 2025 — The National Bank of Pakistan (NBP) has rolled out a new financing initiative aimed at supporting the growth and sustainability of Small and Medium Enterprises (SMEs), with a special focus on flour mills operating across the country. As part of its broader mission to promote financial inclusion and […]
LAHORE: MCB Islamic Bank has been recognised as one of the best-performing banks in conducting activities related to the promotion of Islamic Banking and Finance for the year 2024–2025. The recognition was announced during the 5th ROC (Regional Oversight Committee) meeting held in Lahore. The performance award was presented to the Bank by Tariq Riaz, […]
Karachi, Pakistan – June 24, 2025 — In a move set to transform the commuting experience across Pakistan, Bykea has officially rolled out digital payments for all rides, enabling millions of users to enjoy a seamless, secure, and cashless way to travel. Starting today, passengers can conveniently pay their Driver Partners using a variety of […]
Islamabad, Pakistan – June 2025 — A groundbreaking new fintech platform, Karsa, has launched with a mission to provide users in emerging markets with seamless access to the U.S. financial system. Designed for freelancers, families, and savers in countries like Pakistan, Karsa offers a virtual U.S. dollar account that can be opened in minutes — […]