ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has issued an Investment Finance Services licence to Alif Finance (Private) Limited, authorizing it to operate as a Non-Banking Finance Company (NBFC) under the applicable regulatory framework. The swift and timely processing of the licence reflects SECP’s ongoing commitment to regulatory efficiency, responsiveness, and facilitation of […]
InfraZamin Pakistan, Sunridge Foods (Pvt.) Limited, and BankIslami marked a landmark moment at the Pakistan Stock Exchange (PSX) with a ceremonial gong strike to launch Pakistan’s first fully subscribed PKR 2 billion Agri-Infrastructure Sukuk. This Shariah-compliant Sukuk, is backed by a 100% principal credit guarantee from InfraZamin Pakistan and carries a long-term AAA rating, and […]
ISLAMABAD: Pakistani women in wage employment earn significantly less than men —by approximately 25 to 30 percent, depending on the wage metric. The disparity is especially stark in the informal economy, where the gap widens to 40 percent due to limited enforcement of labour laws and lack of protections. This was revealed at the launch […]
The federal cabinet approved on Wednesday a 15% increase in the pension of the Employees Old Age Benefits Institution (EOBI). The decision was made during the federal cabinet meeting chaired by Prime Minister Shehbaz Sharif today. The hike in EOBI pensions will be effective from January 2025 The cabinet approved it on the recommendation of […]
KARACHI: Dubai Islamic Bank Pakistan Limited (DIBPL) has joined hands with JazzCash to facilitate and grow inland home remittance transactions to Pakistan through innovative, easy and seamless digital financial solutions. A Memorandum of Understanding (MoU) was signed at Dubai Islamic Bank’s Head Office in the presence of senior management from both organisations. This strategic collaboration […]
Alibaba.com, a leading B2B e-commerce platform, today announced the newly expanded pitch competition, CoCreate Pitch, which will take place at the company’s annual flagship CoCreate event. The competition will allow global SMEs with product aspirations to compete for a $1 million prize pool. Selected SMEs and entrepreneurs from Pakistan will have the opportunity to participate […]
KARACHI – June 26, 2025: The State Bank of Pakistan (SBP) has reported continued momentum in the country’s digital payments landscape, with significant growth in both transaction volumes and value during the third quarter of FY25. According to the central bank’s latest Quarterly Payment Systems Review, retail digital transactions surged by 12% in volume and […]
Karachi – June 24, 2025: Meezan Bank, Pakistan’s Premier Islamic bank, has successfully concluded the second batch of ‘Meezan Justuju – A Quest for Islamic Finance Leaders!’, an educational initiative conducted in collaboration with the IBA Centre for Excellence in Islamic Finance (CEIF). As part of the Bank’s broader CSR commitment, this program is designed to […]
Karachi, Pakistan – June 24, 2025 — In a move set to transform the commuting experience across Pakistan, Bykea has officially rolled out digital payments for all rides, enabling millions of users to enjoy a seamless, secure, and cashless way to travel. Starting today, passengers can conveniently pay their Driver Partners using a variety of […]
Islamabad, Pakistan – June 2025 — A groundbreaking new fintech platform, Karsa, has launched with a mission to provide users in emerging markets with seamless access to the U.S. financial system. Designed for freelancers, families, and savers in countries like Pakistan, Karsa offers a virtual U.S. dollar account that can be opened in minutes — […]