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 […]
KARACHI – In a major stride toward digital transformation, the National Bank of Pakistan (NBP) has successfully completed a significant upgrade of its core banking technology platform. This strategic initiative underscores NBP’s commitment to innovation, operational efficiency, and world-class customer service. The upgraded platform introduces a suite of enhancements, including faster transaction processing, reduced system […]
Bank Alfalah, one of Pakistan’s largest commercial banks in Pakistan, announces the launch of Eatsy, a first-of-its-kind, end-to-end digital dining payment solution that transforms the restaurant experience for both consumers and merchants. With Eatsy, Bank Alfalah continues to lead the charge in integrating banking technology with everyday dining lifestyle, making the process of reserving, ordering, […]
Karachi, Pakistan – The State Bank of Pakistan (SBP) has revised the minimum capital requirement (MCR) for Microfinance Banks (MFBs), significantly increasing the paid-up capital threshold in a phased manner to strengthen the financial stability of the sector. Under the newly issued Prudential Regulations for Microfinance Banks, the central bank has raised the paid-up capital […]
Raqami Islamic Digital Bank Limited has been awarded a restricted banking license by State Bank of Pakistan under the Licensing and Regulatory Framework for Digital Banks to commence Pilot operations as a Digital Retail Bank. The approval marks a defining moment in Raqami’s journey to become Pakistan’s first fully Shariah-compliant, Digital Retail Bank offering a […]
KARACHI: Standard Chartered Pakistan, launched the 7th Cohort of the Futuremakers Women in Tech Accelerator in partnership with INNOVentures Global (Pvt) Limited. This accelerator was first launched in Pakistan in 2019 and was designed to address gender disparity in the technology sector. This initiative not only supports innovative business ideas but also addresses the financial […]