The shareholders of Bank Alfalah (BAFL), one of Pakistan’s largest commercial banks, have approved the sale of its Bangladesh operations to Bank Asia, a private-sector commercial bank based in Dhaka, for around $47.5 million. The listed bank announced the development during its 78th Annual General Meeting (AGM), the minutes of which were shared with the Pakistan […]
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As commerce evolves, legacy authorization systems can become availability bottlenecks – limiting acquirers’ ability to enable new payment experiences. Visa Intelligent Authorization enables modern payment processing across major global and local card networks through a single API with uptime of 99.999%, helping eliminate the need for costly infrastructure maintenance or builds. Karachi, 25 March, 2026– […]
Lahore, 18 March 2026: In a significant step toward realizing the vision of a Digital Pakistan, Ravi Urban Development Authority (RUDA) and easypaisa digital bank have signed a Memorandum of Understanding (MoU) to promote digital financial inclusion across 93 villages under RUDA’s jurisdiction. The ceremony, held at RUDA’s Head Office in Lahore, establishes a framework […]
March 2026 | Analysis & Commentary Something fundamental is shifting in how commerce works, and most businesses in Pakistan have not noticed yet. The customer , the one who browses, compares, decides and pays ; is being replaced. Not by another human. By an AI agent acting on someone’s behalf. Agentic commerce is the next […]
The Securities and Exchange Commission of Pakistan has increased the investment limit for Sahulat Accounts from Rs. 1 million to Rs. 3 million, a move aimed at making stock market participation easier for small retail investors. The regulator said the revised limit aligns Sahulat Account rules with investment thresholds allowed in the banking sector and […]
LAHORE: The annual audited financial statements of Soneri Bank Limited for the year ended 31 December 2025 were approved by the shareholders of the Bank in their 34th AGM held in Lahore and through video-link via Zoom on Thursday. The meeting was chaired by Amin A. Feerasta – Chairman of the Board, with Muhtashim Ahmad […]
The Competition Commission of Pakistan (CCP) has approved the acquisition of a majority shareholding in KRRAVE Technologies Pte. Ltd. by Suol Innovations Limited after reviewing the transaction under the Competition Act, 2010. Suol Innovations Limited, a Cyprus-based company and part of the global inDrive Group, acquired the shares through call option agreements executed with several […]
The Board of Directors of easypaisa digital bank has approved the audited financial statements for the year ended December 31, 2025, highlighting a strong performance as the country’s first digital retail bank and reinforcing its leadership position in Pakistan’s digital financial sector. The bank posted a Profit After Tax (PAT) of PKR 17.04 billion, up […]
Mobilink Microfinance Bank Limited has announced its intention to acquire voting shares and gain control of Apna Microfinance Bank Limited, according to a notification submitted by Arif Habib Limited to the Pakistan Stock Exchange. In connection with the proposed transaction, Arif Habib Limited has been appointed as the Manager to the Offer. The announcement was […]