Decision contrary to market expectations, which expected central bank to maintain status quo. Contrary to market expectations, the Monetary Policy Committee (MPC) of the State Bank of Pakistan (SBP) decided to reduce the policy rate by 50 basis points (bps) to 10.5% on Monday. The market expected the central bank to maintain the status quo. […]
Lahore-based student organization partners with leading media platform to bridge academia and industry through content creation, cross-promotion, and community building Lahore, Pakistan – [15th December], 2025 – NUCES FinTech Society (NFS), a student-led organization based at FAST-NUCES Lahore campus, and Fintech News Pakistan have formalized a strategic partnership through a Memorandum of Understanding aimed at […]
Systems Limited has announced that its Board of Directors has approved the acquisition of Confiz Pakistan (Private) Limited, along with all its direct and indirect shareholdings in the Confiz Group of Companies. According to a notice submitted to the Pakistan Stock Exchange (PSX), the transaction will be executed through an amalgamation or merger of Confiz […]
Singapore – NayaPay, one of Pakistan’s fastest growing fintech platforms, has launched global QR payments in collaboration with Alipay+, Ant International’s global wallet gateway. The partnership enables millions of NayaPay users to scan-and-pay at Alipay+ merchants initially across more than 50 countries, connecting Pakistani consumers to an extensive global ecosystem spanning retail, dining, transport, healthcare, entertainment and more. With […]
KARACHI: Meezan Bank has signed an agreement with Etihad Airways to offer exclusive travel-related discounts to its debit cardholders, further expanding the bank’s portfolio of value-added services for customers. The signing ceremony was held at Meezan Bank’s Head Office in Karachi and attended by senior officials from both organisations. Representing Meezan Bank were Ahmed Ali […]
Habib was chosen in the ‘transportation and aerospace’ cateogry while BlackRock’s Chaudhry made it to the ‘venture capital’ list. Two Pakistanis – Salman Habib and Hassan Chaudhry – are among 600 people featured on the Forbes ‘30 Under 30 United States 2026’ list, spotlighting America’s brightest young entrepreneurs. Habib was honored in the ‘Transportation & […]
KARACHI: The State Bank of Pakistan (SBP) Governor Jameel Ahmad on Tuesday reaffirmed the central bank’s commitment to strengthening the country’s digital payments landscape, emphasing the need for a regulatory framework that drives innovation, competition, and consumer protection. Speaking at the launch of a new co-badged card introduced by Faysal Bank Limited in partnership with […]
KARACHI: Standard Chartered (Pakistan) Limited has been awarded the working capital banking mandate by EMAAR Pakistan, marking a significant development for Pakistan’s real estate and financial sectors. The mandate positions Standard Chartered as EMAAR’s banking partner for its Karachi-based projects, enabling the bank to deliver a comprehensive suite of financial services ranging from working capital […]
The federal government officially established the Pakistan Digital Authority (PDA), appointing a chairperson and one other member to the body, it emerged on Wednesday. As one of three bodies formed under the Digital Nation Bill — approved by the federal cabinet in June — the PDA will comprise a chairperson and two members, who will work to develop, implement […]
Faysal Bank Limited (FBL), in partnership with PayPak and Mastercard, has unveiled Pakistan’s first PayPak–Mastercard Co-Badge Debit Card, a landmark development for the country’s payments ecosystem. The new card brings together the global acceptance and security of Mastercard with the reliability and cost-efficiency of PayPak, supporting the State Bank of Pakistan’s (SBP) vision of a […]