Karachi – In a significant move to enhance digital payment services in Pakistan, 1LINK has onboarded the National Bank of Pakistan (NBP) as a Reverse Bill Aggregator on its flagship 1BILL platform. The partnership is set to streamline bill collection processes and expand the reach of digital payment solutions across the country. The signing ceremony, […]
Karachi – Muhammad Hamayun Sajjad has been appointed as an Independent Director on the Board of 1LINK (Pvt) Ltd, marking a significant addition to the company’s leadership. Sajjad, who is currently the Chief Executive Officer at Mashreq Pakistan, part of the renowned Mashreq group operating in the MENA region, brings extensive expertise to the role. […]
In a significant move toward advancing sustainability in Pakistan, Climate Finance Pakistan has announced a strategic partnership with Crowe Hussain Chaudhury & Co. to launch Carbon Track, an innovative AI-powered Environmental, Social, and Governance (ESG) platform. This state-of-the-art solution is designed to help industries across Pakistan reduce their carbon footprints and align with global sustainability […]
The State Bank of Pakistan (SBP) is set to unveil its monetary policy on January 27, with a significant majority of analysts anticipating a rate cut. According to a survey conducted by Topline Securities, 61% of participants predict a 100bps reduction in the policy rate. Survey Results on Rate Expectations Topline’s poll revealed diverse expectations […]
Google Pay, the global contactless payment platform, is preparing to make its official debut in Pakistan by mid-March 2025, marking a significant advancement in the country’s rapidly evolving digital payments ecosystem. The rollout, confirmed by Google in November 2024, will be facilitated through strategic collaborations with Visa, Mastercard, and leading local banks. Seamless Payment Integration […]
KARACHI: The State Bank of Pakistan (SBP) on Monday unveiled the third National Financial Inclusion Strategy (NFIS) 2024-28, targeting an increase in the access to banking services to 75% of the adult population, up from the current 64%, over the next four years. The strategy prioritizes marginalized groups such as women, youth, persons with disabilities, […]
KARACHI, Pakistan: State Bank of Pakistan (SBP) Governor Jameel Ahmad has reiterated the central bank’s unwavering commitment to advancing financial inclusion through robust collaboration with global and domestic stakeholders. The governor made these remarks during a bilateral meeting with Dr. Alfred Hannig, Chief Executive Officer of the Alliance for Financial Inclusion (AFI), held during Dr. […]
The Competition Commission of Pakistan (CCP) has approved the acquisition of a 94.8% shareholding in FINCA Microfinance Bank Limited by TPL Corp Limited and ABHI (Private) Limited, according to a CCP press release. Under the terms of the Sale and Purchase Agreement, TPL Corp Limited will acquire a 33.17% stake, while ABHI (Private) Limited will […]
DUBAI, UAE, Jan. 10, 2025 /PRNewswire/ — Bank Alfalah, a leading commercial bank in Pakistan with a network of over 1,000 branches, has announced its acquisition of a 9.9% equity stake in Jingle Pay, one of the fastest growing fintechs in the MENAP region. The Bank’s fintech investment underscores its commitment to driving digital transformation and fostering financial inclusion across […]
LAHORE: The Small and Medium Enterprises Development Authority (SMEDA), the State Bank of Pakistan (SBP), and the Pakistan Banks Association (PBA) have jointly developed a simplified SME Loan Application Form in line with the directive of Prime Minister Shehbaz Sharif. The form was officially unveiled during a seminar organized by SMEDA at a local hotel. […]