KARACHI: The State Bank of Pakistan (SBP) has announced the appointment of Primary Dealers (PDs) and Special Purpose Primary Dealers (SPDs) for the fiscal year 2025-26. Applications for the selection of PDs and SPDs were invited on May 7, 2025, from all eligible institutions under the relevant rules. After evaluating the applications in line with […]
KARACHI: The State Bank of Pakistan (SBP) has officially launched the Women Entrepreneurship (WE) Finance Code, an international collaborative initiative designed to boost financial institutions’ disclosure and commitment toward funding Women Micro, Small, and Medium Enterprises (WMSMEs). Originally launched by the World Bank Group in 2023, the WE Finance Code aims to close the global […]
Govt officials initiate series of pre-marketing investor meetings in Beijing. KARACHI: Representatives of the Ministry of Finance, Government of Pakistan, have initiated a series of pre-marketing investor meetings in Beijing, China, from July 7 till 11, 2025, as part of a non-deal investor roadshow (NDR) in preparation for Pakistan’s debut Panda Bond issuance. The MoF […]
KARACHI: Jubilee Life Insurance has partnered with National Bank of Pakistan (NBP) to launch two financial protection plans: Jubilee Sehat Shifa Takaful (Shariah-compliant) and Jubilee Aitebaar Plan (Conventional). The initiative aims to expand access to quality healthcare and financial security across Pakistan. The signing ceremony was with key representatives from both organizations, including Faisal Ahmed […]
KARACHI/SINGAPORE: Pakistan is preparing to launch a pilot project for its own digital currency as part of broader efforts to modernise its financial system, State Bank of Pakistan (SBP) Governor Jameel Ahmad announced on Wednesday. Speaking at the Reuters NEXT Asia Summit in Singapore, Ahmad confirmed that the central bank is finalising legislation to regulate […]
The Khyber Pakhtunkhwa (KP) government on Tuesday launched a new digital identity system named Khyber Pass, aiming to centralize access to government services through a unified platform. Chief Minister Ali Amin Khan Gandapur officially inaugurated the Khyber Pass digital platform at a ceremony held at the Chief Minister’s House. Khyber Pass is Pakistan’s first digital […]
E-commerce platform Bazaar Technologies announced Wednesday that it has acquired payments company Keenu for an undisclosed amount. According to a statement, “this marks the first time a major Pakistani e-commerce company is bringing payments infrastructure in-house – a strategic move with transformative potential for millions of consumers and businesses across the country.” “This is more […]
KARACHI: Dubai Islamic Bank Pakistan Limited (DIBPL) has joined hands with JazzCash to facilitate and grow inland home remittance transactions to Pakistan through innovative, easy and seamless digital financial solutions. A Memorandum of Understanding (MoU) was signed at Dubai Islamic Bank’s Head Office in the presence of senior management from both organisations. This strategic collaboration […]
A total of five listed companies have a market cap ranging from $2.05 billion to $3.46 billion as of July 7, 2025. The Pakistan Stock Exchange (PSX) has hit record highs in recent weeks with its benchmark KSE-100 Index sitting pretty at over 130,000. It hit an all-time high of 131,949.07 on Friday, with analysts attributing […]
Islamabad, Pakistan – July 8, 2025 — In a landmark move, the Federal Cabinet has formally approved the creation of the Pakistan Virtual Assets Regulatory Authority (PVARA), paving the way for a comprehensive legal and institutional framework to regulate the country’s rapidly expanding digital assets ecosystem. The newly proposed authority will operate as an independent […]