KARACHI: Senior representatives from the State Bank of Pakistan (SBP) and commercial banks have underscored the need for deeper collaboration between regulators, banks, and technology partners to accelerate Islamic and digital banking transformation in Pakistan. Speaking at “NextGen Islamic Banking in Pakistan – 2025,” an exclusive forum hosted by TMC Pvt. Ltd. and Azentio Software […]
Governor State Bank of Pakistan (SBP), Jameel Ahmad, has announced a substantial rise in women’s financial inclusion in Pakistan, with the number of active bank accounts held by women increasing from 20 million to 37 million since the launch of the Banking on Equality policy in 2021. Speaking at the World Bank Headquarters in Washington […]
The State Bank of Pakistan (SBP) has partnered with the World Bank Group, through its private sector arm, the International Finance Corporation (IFC), to expand local currency financing and support private sector growth in Pakistan. Through an International Swaps and Derivatives Association (ISDA) agreement, the partnership will enable IFC to manage currency risks more effectively […]
PM says Pakistan’s industrial growth depends on development of small and household industries New AI-based “Womenpreneurship Platform” to guide women on business registration, taxes and skills ISLAMABAD: Prime Minister Shehbaz Sharif on Monday directed authorities to set a clear timeline for implementing reforms for small and medium-sized industries and accelerate work on an AI-driven platform […]
KARACHI: The State Bank of Pakistan (SBP) has introduced a comprehensive regulatory framework aimed at fostering fairness, transparency, and consumer-centric practices across the country’s financial sector. Titled the “Business Conduct and Fair Treatment of Consumers Regulatory Framework (BC&FRF),” the new initiative seeks to ensure that banks and financial institutions uphold principles of integrity, transparency, and […]
barq Pakistan has obtained the In-Principle Approval (IPA) from the State Bank of Pakistan (SBP) to establish an Electronic Money Institution (EMI) Wallet in Pakistan, paving the way for its entry into one of the most promising digital financial markets in the region. barq Pakistan plans to introduce a full suite of digital financial services after […]
Karachi 13 October 2025: Sometimes things don’t go as planned with deliveries, but now, getting a refund is the easy part. InDrive, a global mobility and urban services platform, has partnered with Simpaisa, a leading payment digital service provider, to introduce an instant payout feature for delivery claims. The new solution is designed to enhance […]
Mobile-first digital nano-lending platform, Daira marked its first anniversary of operations in Pakistan with a renewed commitment to advancing financial inclusion and access to finance for the country’s unbanked and underbanked populations. Daira was launched by Pakistan fintech company Finleap, a part of global financial technology leader FinVolution Group (NYSE: FINV) that connects millions of […]
Karachi, October 15, 2025 — The State Bank of Pakistan (SBP) has officially launched “Zarkhez-e,” a new digital platform aimed at improving access to collateral-free agricultural loans for small and marginalized farmers across the country. Previously known as the National Subsistence Farmers Support Initiative (NSFSI), the program is part of the government’s broader Risk Coverage […]
KARACHI: Pakistan’s financial inclusion has made remarkable progress, rising from 47 percent in 2018 to 67 percent by June 2025, while the gender gap in financial access has narrowed from 47 percent to 30 percent over the same period, according to State Bank of Pakistan (SBP) Governor Jameel Ahmad. Speaking at the ninth Annual Microfinance […]