Mirsad AI is the first AI-native AML compliance engine built for GCC financial institutions and regulatory authorities — and one of the first of its kind worldwide — trained on both fiat and blockchain transaction data, and registered with the Qatar Financial Centre (QFC). Why it matters now: The global AML market is valued at […]
KARACHI: Faysal Bank Ltd on Wednesday signed a memorandum of understanding (MoU) with Waseela Pakistan to provide fast-track, Shariah-compliant financing to support farmers in meeting their agricultural needs. The partnership will offer quick and hassle-free access to finance through digital solutions, reducing farmers’ dependence on middlemen. Financing will be provided under the Electronic Warehouse Receipt […]
Karachi, Pakistan – British Asian Trust joins a cohort of 50 community organizations around the world, receiving $500,000 to accelerate youth employability through the Citi Foundation’s 2025 Global Innovation Challenge. Through this initiative, the British Asian Trust will support greater financial inclusion for low-income young entrepreneurs across Pakistan, helping unlock business growth and job creation in underserved urban […]
KARACHI: MCB Islamic Bank and AICL-WTO have formalized a strategic partnership by signing an agreement, marking an important step forward in MCB Islamic’s Digital First strategy and customer-focused innovation. The agreement was formally signed by Zargham Khan Durrani, President & CEO of MCB Islamic Bank, and Muhammad Ali Zeb, MD & CEO of AICL-WTO, reaffirming […]
Winners were announced at the finals pitch event following a three-month long program that kicked off in November 2025 Anusha Fatima – TrashIt wins the new Sustainability Award introduced for the first time this year Winners receive a USD10,000 grant each, a tailored training program, mentoring opportunities, and access to She’s Next Club resources such […]
Karachi – Bank Al Habib Limited (PSX: BAHL) has announced its consolidated financial results for the year ended December 31, 2025, reporting a profit-after-tax (PAT) of Rs. 32.46 billion, reflecting a 23 percent decline year-on-year (YoY). The drop in earnings was primarily attributed to a lower policy rate environment and higher operating expenses. Alongside the […]
KARACHI- February 10, 2026 — IFC announced a new risk-sharing facility with Habib Metropolitan Bank Limited (HABIBMETRO) to expand access to finance for small and medium enterprises (SMEs) across Pakistan, including agricultural SMEs, and address the country’s SME financing gap. SMEs account for 90% of businesses in Pakistan and contribute 40% of GDP, yet fewer […]
The State Bank of Pakistan (SBP) has issued a license to Raqami Digital Bank to operate digital banking across the country. The bank will operate as the Islamic Digital Retail Bank. Consequent upon the granting of Digital Retail Bank (DRB) License to Raqami Islamic Digital Bank Limited, the State Bank of Pakistan (SBP), in exercise […]
ABHI Microfinance Bank Ltd. (Abhi MFB) has entered into a strategic partnership with 1LINK to roll out 1GO Raast Person-to-Merchant (P2M) services, enabling merchants nationwide to accept instant digital payments through Raast using QR technology. The agreement was formalized at a signing ceremony where Mariam Pervaiz, Chief Commercial Officer – Abhi Microfinance Bank, and Najeeb […]
Karachi, February 9th, 2025: The Board of Directors of Meezan Bank, in its meeting held on February 9th, 2025 approved the financial statements of the Bank and its consolidated financial statements for the year ended December 31, 2025. The meeting was chaired by Mr. Riyadh S.A.A. Edrees – Chairman of the Board. Meezan Bank reported a […]