Source: Business Recorder KARACHI: Allied Bank, one of Pakistan’s leading commercial institutions, has announced a strategic partnership with Paysys Labs, a pioneer in next-generation payment technologies, to pilot the Interledger Protocol (ILP) for seamless cross-border transactions. As part of this groundbreaking collaboration, Paysys Labs has also secured the prestigious Digital Financial Services Grant from the […]
KARACHI: Standard Chartered Pakistan and Emirates have entered into a strategic partnership by signing a Memorandum of Understanding (MoU). The collaboration offers significant benefits to Standard Chartered Credit Card holders, special fares on tickets purchased online through the Emirates website. Additionally, customers can opt to split their payments into convenient monthly instalments of up to […]
Karachi – June 2, 2025: The National Bank of Pakistan (NBP) has officially closed its branches in New York and Paris as part of its ongoing global restructuring strategy aimed at reducing low-yielding international operations, according to the bank’s recently released annual report. The closure of NBP’s Paris branch marks the end of nearly five […]
The Board of Directors of Bank Alfalah Limited (BAFL), one of the largest commercial banks in Pakistan, has approved the sale of its Bangladesh operations to Bank Asia Limited, a private-sector commercial bank based in Dhaka. BAFL disclosed the development in its notice to the Pakistan Stock Exchange (PSX) on Thursday. “We are pleased to […]
Islamabad, Pakistan — Jazz Business, a leading provider of enterprise ICT solutions in Pakistan, has announced a strategic partnership with Logon to introduce BRAS as a Service (BRASaaS)—a groundbreaking, edge-based broadband management solution aimed at transforming the capabilities of Tier 2 and Tier 3 Internet Service Providers (ISPs) across the country. This collaboration marks a […]
Karachi, 23 May 2025: Engro Holdings Limited is delighted to announce that Engro Corporation Limited has secured all approvals for its strategic partnership with Pakistan Mobile Communications Limited (“Jazz“) and its parent company, VEON Group. Through a Scheme of Arrangement, Jazz’s shareholding in Deodar (Private) Limited – which houses its telecom infrastructure assets – will […]
Lahore, Pakistan – May 23, 2025 – Pakistan’s leading technology innovation company, officially launched its cloud services, Z SAIS Cloud, at an event held in Lahore. This launch reaffirmed Zong’s commitment towards its strategic vision of building a truly digital Pakistan. The event celebrated Zong’s fully business-ready, locally hosted cloud platform, featuring enterprise-grade performance and […]
Karachi, May 23, 2025 — The State Bank of Pakistan (SBP) has granted its no-objection to United Bank Limited (PSX: UBL) for the proposed subdivision of its shares, paving the way for the bank to proceed with its restructuring plan aimed at boosting share liquidity. According to a stock filing made by UBL on Friday, […]
KARACHI: Standard Chartered has projected that global Islamic finance assets will reach USD7.5 trillion by 2028, up from USD5.5 trillion in 2024, reflecting the expanding relevance of Shariah-compliant finance globally, according to Standard Chartered’s comprehensive report “Islamic Banking for Financial Institutions: Unlocking Growth Amidst Global Shifts.” In 2024, the Islamic finance industry surpassed $5 trillion […]
The Board of Directors of Samba Bank Limited (SBL) has approved the appointment of Rashid Jahangir as acting president and Chief Executive Officer (CEO) of the bank. His appointment will be effective from May 22, 2025, “till the time permanent president & CEO is appointed in due course,” the bank wrote in a notice to […]