Dubai, New York and Islamabad, June 16 2026 — VEON Ltd (Nasdaq: VEON), a global digital operator, today announced that its digital financial services companies JazzCash and Mobilink Bank have democratized investment opportunities in Pakistan by introducing Government Treasury Bills directly through the JazzCash app, starting from as little as PKR 5,000 (approx. USD 18). The […]
The State Bank of Pakistan (SBP) has relaxed the process for converting conventional bank branches into Islamic banking branches by shortening the mandatory public notification period and reducing the interval between notices issued to current account holders. According to revised criteria issued by the central bank, the changes have taken immediate effect and are aimed […]
Islamabad, June 16, 2026: Pakistan’s leading digital bank, easypaisa, in collaboration with the Pakistan Airports Authority (PAA) and the State Bank of Pakistan (SBP), has undertaken a significant step toward digitizing various consumer payment touchpoints at Islamabad International Airport, reinforcing its transition to a cashless, future-ready travel ecosystem. In a ceremony held at the Islamabad […]
Karandaaz Pakistan and the Better Than Cash Alliance, hosted by the United Nations Development Programme (UNDP) are formally collaborating to accelerate digital merchant payments in Pakistan. The National Merchant Payments Working Group is being established to anchor this partnership, a multi-stakeholder platform designed to drive the growth of digital payments acceptance, particularly through the country’s […]
Lucky Investments Limited (Lucky Investments), one of Pakistan’s fastest-growing Islamic Asset Management Companies, and DIB Pakistan a subsidiary of Dubai Islamic Bank UAE, have entered into a strategic collaboration to broaden access to Shariah-compliant investment solutions across Pakistan. As per the signed MOU in place, DIB Pakistan will distribute Lucky Investments’ Islamic mutual funds and […]
Ras Al Khaimah, UAE — The agentic economy stopped being theoretical this week. With the world’s largest payment networks now opening their rails to autonomous AI agents — credentialed, permissioned, and settling transactions at machine speed — the question facing every financial institution and enterprise has shifted from whether software agents will transact with one […]
Bologna, Italy – June 8, 2026 Lejion Media in collaboration of Fusion Remit, successfully organized a grand volleyball event in Bologna, Italy, on 30th May 2026. The event witnessed an overwhelming participation of more than 1,000 members of the Pakistani community, who gathered to celebrate and enjoy one of Pakistan’s most beloved traditional sports. The highly […]
Systems Limited (SYS), Pakistan’s largest listed technology company, reported a profit after tax of Rs. 3.03 billion for the first quarter of calendar year 2026, translating into earnings per share of Rs. 2.05, compared with a profit of Rs. 2.5 billion and earnings per share of Rs. 1.71 in the same period last year. According […]
KARACHI: ABHI Microfinance Bank Limited closed 2025 with a profit after tax of PKR 1.019 billion (highest ever in the bank’s history), compared to a loss of PKR 1.754 billion in 2024, marking a sharp recovery in the Bank’s financial performance leading to a PKR 2.773 billion profitability swing in just one year after many […]
Karachi: BankIslami has launched its fully homegrown Finance Origination and Credit Underwriting System (FOCUS), a new platform aimed at digitalising and accelerating the customer financing journey through AI-driven automation. The platform reengineers the bank’s credit underwriting process from initiation to disbursement, replacing manual procedures with a standardised and automated framework implemented across all branches. According […]