Karachi, Pakistan, 24th March 2025 – Paysys Labs Pvt Ltd, a leading provider of payment technology solutions, and Allied Bank Limited, a renowned financial institution committed to delivering innovative banking services, have announced a strategic partnership to enable RAAST MSP/P2M services. This collaboration aims to transform digital payments by providing secure, efficient, and seamless transactions for merchants and […]
Karachi, Pakistan – United Bank Limited (PSX: UBL) has successfully credited new shares to the respective Central Depository Company (CDC) accounts of former Silk Bank Limited (PSX: SBL) shareholders. This follows the sanctioned amalgamation of Silk Bank into UBL, effective from the beginning of business on March 11, 2025. The merger was approved by the […]
Dubai, UAE – In a landmark move to accelerate the growth of startups, Ignyte has announced a strategic partnership with PayPal, one of the world’s leading fintech innovators. This collaboration aims to empower entrepreneurs across the UAE and the wider region by enabling seamless cross-border payments and fostering global business operations from day one. The […]
March 25, 2025 Dubai – UAE: Alhuda Center of Islamic Banking and Economics (CIBE), a globally recognized leader in promoting Islamic banking and finance, has signed a landmark agreement with Autosoft Dynamics, a renowned banking software solutions provider, to introduce cutting-edge core banking system along with end-to-end Shariha Compliance Islamic Suite (Consumer & Commercial) for […]
Lahore: March 25, 2025 – MCB Bank Limited has announced a strategic partnership with Fauree Tech Pvt. Ltd., a fintech company specializing in digital supply chain finance solutions. This collaboration will expand MCB Bank’s portfolio of digital financing products, aimed at facilitating access to finance for small and medium-sized enterprises (SMEs) across Pakistan. The partnership was […]
InDrive, the global ride-hailing giant, has made a strategic $10 million investment in Krave Mart, a rapidly growing Pakistani grocery delivery startup, two sources confirmed. This move underscores InDrive’s growing focus on expanding its reach and identifying growth opportunities in emerging markets. The investment is part of InDrive’s broader venture capital strategy launched in 2023, […]
ISLAMABAD: Sultan Ali Allana, a prominent banker and philanthropist, has been awarded the prestigious Nishan-e-Khidmat, one of Pakistan’s highest civilian honors, in recognition of his outstanding contributions to public service. The award was conferred during a special investiture ceremony held on Pakistan Day, following its approval by President Asif Ali Zardari on August 14, 2024, […]
Islamabad – In a landmark recognition of his contributions to Pakistan’s digital and financial landscape, Aamir Hafeez Ibrahim, CEO of Jazz and Chairman of Mobilink Bank, has been conferred with the Hilal-e-Imtiaz, one of the nation’s highest civilian honors, by the President of Pakistan. The award acknowledges Aamir’s visionary leadership in advancing digital inclusion, financial […]
Islamabad, Pakistan – In a historic milestone for Pakistan’s sustainability-driven financial sector, Parwaaz Financial Services Limited (PFSL), a subsidiary of Karandaaz Pakistan, has launched the country’s first PKR-denominated Green Bond under the Parwaaz Green Action Bond initiative. The bond, valued at Rs. 1 billion, is also the first Green Bond to be listed on the […]
Islamabad, Pakistan – September 24, 2024: HBL Zarai Services Limited (HZSL) and Zarai Taraqiati Bank Limited (ZTBL) have signed a Memorandum of Understanding (MoU) to enhance financial inclusion and provide modern agricultural services to farmers across Pakistan. This strategic collaboration aims to deliver innovative financial solutions, mechanization support, and expert advisory services to improve farm […]