Abhi Microfinance Bank, the digital lender majority-owned by Pakistani fintech company Abhi, is preparing to launch an initial public offering (IPO) later this month, aiming to raise between Rs2 billion and Rs3 billion as it seeks to strengthen its capital base and support future growth. The bank plans to offer approximately 14% of its shares […]
Bank Alfalah, one of Pakistan’s largest banks in Pakistan, has partnered with Ahya Technologies (“Ahya”), to deliver a suite of AI-powered software and strategic advisory services geared to accelerate Bank Alfalah’s green-banking and sustainable finance transition. As the demand for sustainable finance across Pakistan reaches a critical inflection point, the OICCI reports that the country […]
United Bank Limited (UBL) (PSX: UBL) reported a consolidated profit after tax (PAT) of Rs. 85.9 billion for the first half of 2026 (H1 2026), reflecting a 33% year-on-year (YoY) increase, supported by record deposit growth and strong non-interest income. The bank posted earnings per share (EPS) of Rs. 34.30 during the six-month period. For […]
Lahore, Pakistan | July 22, 2026 Fintech News Media, People First (Private) Limited, and KOT Enterprises have officially signed a Strategic Joint Venture Agreement (MoU), marking the beginning of a collaborative partnership focused on advancing Pakistan’s fintech ecosystem through innovation, technology, media, business development, and knowledge-sharing initiatives. The partnership brings together three independent organizations, each […]
Businesses operating across Pakistan, Saudi Arabia and the UAE know the frustration better than anyone. You land a client in Europe or the United States, you deliver the work, and then the payment process begins. Your Wise account gets flagged. Your Payoneer withdrawal is delayed or blocked entirely. You wait five days for a SWIFT […]
Karachi – 17 July 2026: Mashreq Pakistan, part of Mashreq, one of the leading financial institutions in the MENA region, has announced the appointment of Muhammad Umar Ilyas as Chief Information Officer, reinforcing the bank’s continued investment in technology, innovation and digital banking capabilities in Pakistan. Muhammad Umar Ilyas brings more than 22 years of […]
Islamabad, July 17, 2026: easypaisa Digital Bank has made Shariah-compliant savings simple, accessible, and fully digital by offering an Islamic Takaful Savings solution within its app. The initiative, being offered in collaboration with EFU Life, also represents another step forward in advancing financial inclusion and expanding access to Shariah-compliant financial products through digital channels. By […]
Pakistan, Karachi – 15 July 2026: HBL, Pakistan’s largest issuer of debit cards, launched the HBL PayPak UnionPay Co-Badge Debit Card at a ceremony held at HBL Tower, Karachi. Developed in partnership with 1Link operated PayPak, Pakistan’s first domestic payment scheme and UnionPay International (UPI), the co-badge debit card combines PayPak’s domestic acceptance with UnionPay’s […]
Standard Chartered Bank (Pakistan) Limited has appointed Adil Salahuddin as its new Chief Executive Officer (CEO) and Director, succeeding Rehan Shaikh, according to a notification submitted to the Pakistan Stock Exchange (PSX) on Monday. The appointment was approved by the Bank’s Board of Directors and will become effective upon obtaining the necessary regulatory approvals and […]
Senior leadership of Mastercard and The Bank of Punjab (BOP) met in Karachi to reaffirm and expand their strategic alliance aimed at supporting Pakistan’s transition towards a cashless, digitally connected and financially inclusive economy. Ms. Ailish Campbell, Executive Vice President – Public Sector, headed the Mastercard delegation, which also comprised Mr. Arslan Khan, Country Manager […]