KARACHI: In a major milestone for Pakistan’s digital financial ecosystem, Raqami Islamic Digital Bank, the country’s first Islamic digital bank, has partnered with Haball, a pioneering fintech focused on B2B supply chain digitization, to roll out Shariah-compliant, embedded supply chain financing targeted at addressing key pain points of small and medium enterprises (SMEs). By embedding […]
Careem has announced it will shut down its ride-hailing operations in Pakistan effective July 18, 2025, ending its years-long presence in one of its largest markets. In an official notification to users, the company expressed gratitude for the support it received over the years and acknowledged the difficulty of the decision. Careem said users with […]
JazzCash, Pakistan’s leading mobile wallet platform, has announced a strategic partnership with Veem, a San Francisco-based global payments platform, to streamline international payments for freelancers and small and medium-sized enterprises (SMEs) across the country. This collaboration enables businesses in the United States and Canada to send payments directly to recipients in Pakistan through Veem’s multi-rail […]
Karachi, Pakistan – June 17, 2025: The State Bank of Pakistan (SBP) expects to post a profit of Rs. 2.4 trillion for the fiscal year 2024-25 (FY25), aligning with the federal government’s target. This substantial figure is attributed to elevated interest rates and significant exchange rate gains, according to SBP Governor Jameel Ahmed. Speaking at […]
June 16, 2025 – Islamabad: Arshad Nadeem, Pakistan’s star javelin thrower and the nation’s first-ever individual Olympic gold medalist, has been named to the prestigious Forbes 30 Under 30 South Asia 2025 list in the Entertainment & Sports category. This annual list highlights the most influential young changemakers from across the region, and Nadeem’s inclusion […]
Meta is making a $14.3 billion investment in artificial intelligence company Scale and recruiting its CEO Alexandr Wang to join a team developing “superintelligence” at the tech giant. The deal announced Thursday reflects a push by Meta CEO Mark Zuckerberg to revive AI efforts at the parent company of Facebook and Instagram as it faces tough competition […]
Karachi, June 12, 2025 — The State Bank of Pakistan (SBP) has announced the introduction of new formats for the issuance of electronic Proceed Realization Certificates (ePRCs) and Statements of PRCs (S-PRCs), replacing the existing V-148 and V-149 formats. This change is part of the central bank’s ongoing efforts to modernize and streamline foreign exchange […]
In a major step towards strengthening digital payment security and convenience in Pakistan, Allied Bank Limited (ABL), UnionPay International (UPI), and Paysys Labs have entered into a strategic partnership to introduce tokenization technology for mobile Tap-and-Pay transactions. This collaboration empowers ABL customers, particularly users of UnionPay-PayPak Co-Badge Debit Cards, to enjoy a seamless, secure, and […]
KARACHI, June 12, 2025 — The State Bank of Pakistan (SBP) is scheduled to announce its monetary policy decision on June 16, 2025, with a majority of market participants and analysts expecting the central bank to keep the policy rate unchanged, according to a poll conducted by Topline Securities. The brokerage house noted that 56 […]
Marking the one-year countdown, Visa kicks off exclusive fan access and experiences tied to one of the sport’s most exciting young stars and more to come as the tournament approach. Dubai, United Arab Emirates – With exactly one year to go until the FIFA World Cup 26™ kicks off across Canada, Mexico and the United States, Visa […]