Islamabad, Pakistan — HBL Microfinance Bank (HBL MfB), Pakistan’s leading microfinance bank, and HBL Zarai Services Limited (HZSL), the country’s pioneer in agriculture-specialized extension services, have announced a strategic partnership aimed at revolutionizing financial and agricultural support for farmers. This collaboration reflects a shared vision of fostering sustainable agricultural development and enhancing rural livelihoods. Under […]
JS Bank, one of Pakistan’s fastest-growing financial institutions, has unveiled its new Priority Banking services, a bespoke offering designed to cater to the unique needs of its most valued clients. The initiative reflects the bank’s focus on delivering personalized solutions that elevate the overall banking experience. The newly launched Priority Banking services offer a range […]
Riyadh-based foodtech startup Calo, the Middle East’s largest personalised meal subscription service, has announced raising SAR 94 million ($25 million) in its Series B funding round. The round was led by Nuwa Capital, with participation from STV, Khwarizmi Ventures, and regional family offices. This oversubscribed round underscores strong investor confidence, prompting Calo to extend its Series B to […]
The collaboration MoU with the UAE’s largest Islamic Bank and a globally recognized pioneer in the field of Islamic finance will explore multiple opportunities to introduce Sharia-compliant platforms including tokenized Islamic Sukuks and real-world asset tokenization. Dubai, December 30, 2024 — Crypto.com has announced the signing of a Memorandum of Understanding (MoU) with Dubai Islamic Bank (DIB), the UAE’s […]
KARACHI: The State Bank of Pakistan (SBP) has introduced a revised and consolidated Regulatory Framework for Exchange Companies (RFEC) aimed at enhancing governance, internal controls, and compliance within the sector. The updated RFEC consolidates and modernizes existing regulatory instructions, replacing the earlier Exchange Companies Manual. The SBP’s comprehensive review and revision are geared towards streamlining […]
Lahore, [26th December, 2024] – JS Investments, Pakistan’s premier asset management company, proudly announces the launch of Lahore’s first Digital Wealth Centre, marking a transformative step in the country’s wealth management sector. Following the resounding success of its debut Wealth Centre in Karachi, the new facility in DHA Phase 6, Lahore, combines cutting-edge digital innovation […]
Islamabad, December 26, 2024 – In a decisive move towards financial stability and growth, the shareholders of Bank Makramah Limited (BML) have overwhelmingly approved the Scheme of Arrangement for restructuring the bank during an Extraordinary General Meeting (EGM) held yesterday. The scheme, filed with the Islamabad High Court under Sections 279 to 283 and 285(8) […]
December 27, 2024 Alif announced it had raised a $20 mln debt investment from Accial Capital, a US-based impact private credit fund manager. The deal was facilitated with advisory support from Nairang Capital and TMT Global Advisors. The funds will be allocated to enhance Alif’s Nasiya service’s capabilities, strengthen its market position, and promote financial inclusion in […]
The State Bank of Pakistan (SBP) has introduced enhanced collateral and eligibility criteria for improved monetary policy lending operations effective July 2025. In order to further strengthen risk mitigation measures for SBP’s Monetary Policy Lending Operations and Mudarabah Based Financing Facilities (OMOs and Standing Ceiling Facility), the following instructions are being issued: A. Collateral Requirements: Sr. […]
Mountain View, California, December 27, 2024 — inDrive, the global ride-hailing unicorn, has announced a strategic investment in Pakistan’s emerging grocery delivery platform, Krave Mart. The investment is part of inDrive’s broader effort to explore opportunities in emerging markets through its dedicated venture capital arm. The VC division, launched last year, is set to deploy […]