Islamabad: Pakistan’s Special Technology Zones Authority (STZA) has issued the country’s first-ever license for Blockchain-Based High Performance Computing (HPC) to Higgs Computing Limited. The move is supported by the Special Investment Facilitation Council (SIFC) and marks a major leap toward positioning Pakistan as a regional tech hub. The initiative is also backed by the Ministry […]
The Board of Directors of Bank Alfalah Limited (BAFL), one of the largest commercial banks in Pakistan, has approved the sale of its Bangladesh operations to Bank Asia Limited, a private-sector commercial bank based in Dhaka. BAFL disclosed the development in its notice to the Pakistan Stock Exchange (PSX) on Thursday. “We are pleased to […]
Las Vegas, Nevada – May 28, 2025 — In a groundbreaking announcement at the Bitcoin 2025 conference in Las Vegas, Pakistan’s Minister of State for Blockchain and Crypto, Bilal Bin Saqib, unveiled an ambitious national strategy to establish a Strategic Bitcoin Reserve and allocate 2,000 megawatts of electricity for Bitcoin mining and AI data centers. […]
Federal Minister for Finance, Senator Muhammad Aurangzeb, chaired a high-level meeting today at the Finance Division focused on advancing Pakistan’s transition toward a digital and less cash-dependent economy. The session brought together key stakeholders from the financial sector, including commercial banks, development finance institutions (DFIs), regulators, and investment experts. The participants, forming the core of […]
Pakistan Telecommunication Company Limited (PTCL) Group, comprising PTCL and Ufone 4G, has announced a strategic partnership with NETS International to modernize its IT Core Routing Platforms through the deployment of a state-of-the-art Cisco IT Core Routing Solution. This initiative reflects the Group’s ongoing commitment to delivering high-quality IT services by utilizing the latest advancements in […]
Dubai, UAE – Loyalty rewards have long sat idle on corporate ledgers — expiring quietly, trapped inside walled gardens. A new partnership between Fuze, a prominent digital asset infrastructure firm, and Gennius Global Hub, a rewards tokenization specialist, aims to liberate them, turning once-stagnant points into tradable liquid assets with universal acceptance. At the heart […]
Source: Business Recorder Pakistan is one of the most overlooked startup markets in the world, and that’s about to change’, says managing general partner of Orbit Startups, with whom NIC Karachi has partnered. National Incubation Centre (NIC) Karachi has launched its “first-ever structured acceleration program” in partnership with Orbit Startups, a Singapore-based investor in emerging […]
Karachi, Pakistan – Halan Microfinance Bank has secured a capital injection of Rs. 1.425 billion (approximately USD 5 million) following its acquisition by MNT Halan Pak B.V., a Netherlands-based company. The bank, formerly known as Advans Pakistan Microfinance Bank Limited, was officially rebranded to “Halan Microfinance Bank Limited” on September 16, 2024, after the acquisition […]
Islamabad – September 2025: In a landmark decision reflecting Pakistan’s growing commitment to emerging technologies, Prime Minister has appointed Bilal Bin Saqib as the Special Assistant to the Prime Minister (SAPM) on Blockchain and Crypto, granting him the status of Minister of State. With this strategic appointment, Pakistan joins an exclusive group of nations—including the […]
Islamabad, May 23, 2025 — The Power Division is in the process of finalizing a comprehensive “Surplus Power Package” aimed at promoting the consumption of excess electricity by industrial and agricultural sectors, as well as emerging greenfield industries such as cryptocurrency mining operations and artificial intelligence (AI) data centers. The initiative was formally shared in […]