AdalFi, in partnership with The Bank of Punjab (BOP), is revolutionizing digital lending at scale, leveraging AI-driven solutions to enhance financial accessibility for individuals and SMEs. BOP has been at the forefront of digital transformation, integrating cutting-edge technology to offer seamless and instant financial solutions. Through its collaboration with AdalFi, the bank has introduced a […]
Lahore, Pakistan – In a groundbreaking move towards sustainable mobility, foodpanda, Pakistan’s leading food and grocery delivery platform, has officially introduced electric bikes (EVs) as part of its delivery fleet. This initiative, launched in collaboration with the Government of Punjab and Wasl, a non-banking finance company (NBFC), aims to reduce carbon emissions and promote eco-friendly […]
Karachi – Egyptian fintech Halan Microfinance Bank has officially entered the Pakistani market by acquiring Advance Microfinance Bank. The company aims to invest $10 million while building a $500 million loan portfolio over the next five years. Halan is set to launch a digital banking app this year and plans to expand its physical presence […]
KARACHI: February, 2025 – United Bank Limited (UBL) has made history by becoming the first Pakistani bank to exceed Rs500 billion in market capitalization, following an impressive 125.32% surge in its stock value over the past year. On Friday, UBL’s stock closed at Rs410.21 on the Pakistan Stock Exchange (PSX), marking a 4.74% increase. The […]
KARACHI – September 24, 2024: Faysal Bank Limited (FBL), one of Pakistan’s leading Islamic banks, has signed a strategic Memorandum of Understanding (MoU) with Pakistan State Oil (PSO) to enhance digital payment acceptance at PSO fuel stations across the country. The collaboration aims to advance Pakistan’s digital financial ecosystem by deploying innovative payment solutions, ensuring […]
Karachi, Pakistan – Zarea Limited, one of Pakistan’s largest B2B commodities platforms, has announced plans to raise at least Rs1 billion ($3.59 million) through an initial public offering (IPO) at the Pakistan Stock Exchange (PSX). The company aims to offer 62.5 million shares, representing 23.81% of its post-IPO paid-up capital, at a floor price of […]
Bank Alfalah saw its consolidated profit jump to Rs39.9 billion during 2024, which is over 10% higher than its earnings in 2023. The increase in profit-after-tax (PAT) is attributed to much higher non-markup income amid a jump in commission income and massive gains on securities. As per the financial statements shared with the Pakistan Stock […]
KARACHI: In a major legal and financial breakthrough, Bank Makramah Limited (BML) has secured court approval for a settlement application, paving the way for the recovery of approximately Rs10 billion in non-performing loans (NPLs) from the Omni Group and its affiliated entities. The listed bank announced the development in a notice to the Pakistan Stock […]
Karachi, Pakistan, January 29, 2025: Visa (NYSE: V), a world leader in digital payments hosted its inaugural market focused client event – Visa Connect Karachi – last week. Attended by more than 200 participants including senior members of the State Bank of Pakistan and the Pakistani financial industry, it marked the first event of its […]
Islamabad: The Federal Board of Revenue (FBR) has directed all retailers operating under the Point of Sale (POS) system to integrate digital payment facilities, including debit and credit card machines, QR codes, or any other available digital transaction modes at all sales points. The directive was issued through S.R.O. 69(l)/2025, amending the Sales Tax Rules, […]