Kuala Lumpur, Malaysia – April 22, 2025 — In a significant move to bolster regional cooperation in the digital economy, Malaysia’s Foreign Minister Mohamad Bin Haji Hasan met with Bilal Bin Saqib, CEO of the Pakistan Crypto Council (PCC), to discuss joint opportunities in blockchain technology, digital assets, and Shariah-compliant financial innovation. The high-level engagement […]
KARACHI – In a groundbreaking move to enhance financial accessibility and convenience, JS Bank, in partnership with global money transfer brand Instant Cash, has launched Pakistan’s first door-to-door remittance service, “JS GharPay.” The innovative service ensures that remittance beneficiaries receive funds directly at their doorstep—free of charge. Aimed at improving ease and security for recipients, […]
Islamabad, April 22, 2025 — Pakistan Telecommunication Company Limited (PTCL), the country’s leading telecom and ICT services provider, has announced its financial results for the first quarter of 2025, ended March 31. The results were disclosed during a Board of Directors meeting held in Islamabad. The PTCL Group delivered an impressive double-digit revenue growth of […]
KARACHI: Meezan Bank Limited (MEBL) announced its financial results for the first quarter of 2025, reporting earnings of Rs. 22 billion, translating into an earnings per share (EPS) of Rs. 12.3. This marks a 12 percent decline year-on-year and an 8 percent drop quarter-on-quarter, broadly in line with industry expectations, according to Topline Securities. Alongside […]
KARACHI – Pakistan’s first instant digital payment system, Raast, developed by the State Bank of Pakistan (SBP), has crossed a major milestone, processing over 892 million transactions with a total value exceeding Rs 20 trillion since its launch. The announcement came during the launch of the ‘Go Cashless’ campaign, inaugurated by Deputy Governor SBP Saleem […]
KARACHI – The State Bank of Pakistan (SBP) has officially granted a full commercial licence to Safepay, enabling the fintech to operate as a Payment Service Provider (PSP) across the country. This milestone follows an extensive period of evaluation and pilot operations, during which Safepay showcased its commitment to regulatory compliance, customer-centric services, and innovation […]
Karachi – April 19, 2025 – Samba Bank Limited (SBL) has reported a significant decline of 53% in its profit-after-tax (PAT) for the quarter ended March 31, 2025, compared to the same period last year, according to a notice submitted to the Pakistan Stock Exchange (PSX). The bank posted a PAT of Rs166.85 million in […]
ISLAMABAD: Burak Ozer, CFO of VEON Group—a global digital operator with a presence in six frontier markets—stated that their subsidiary Jazz has invested over $10.9 billion in Pakistan to strengthen the country’s digital ecosystem. This, he stated while addressing at Leaders In Islamabad Business Summit (LIIBS) 2025, themed Navigating the Unknown. He emphasised that VEON […]
Karachi, April 18, 2025 — Bank Alfalah Limited (BAFL) announced its financial results for the quarter ended March 31, 2025, reporting a profit after tax of PKR 7.040 billion. The earnings translate into an Earnings Per Share (EPS) of PKR 4.46. The bank’s Board of Directors, in a meeting held on April 17, 2025, also […]
Source: Business Recorder AI fintech Metric announced a seven figure seed round to grow their offering across the Gulf region and Asia. The company told Business Recorder it is not revealing the exact amount at this stage. Founded in 2022 by Pakistani couple Meenah Tariq and Omar Parvez, along with the company’s CTO Dr Habiba, Metric said in a statement […]