KARACHI: Citi announced its role as Joint Sustainability Coordinator in supporting the Government of Pakistan on the launch of its Sovereign Sustainable Finance Framework, a landmark initiative designed to advance the country’s sustainability agenda and mobilize capital for impactful green and social projects. The Framework marks a significant milestone in Pakistan’s journey towards a more […]
Bank of Khyber ranked second with a total return of 108.2%. Other Pakistan-based lenders that appeared among the top 15 included National Bank of Pakistan, JS Bank Ltd., Askari Bank Ltd., and Habib Bank Ltd. This significant achievement places Bank of Khyber at the forefront of regional banking excellence, underscoring its strategic strength, operational efficiency, […]
KARACHI: Rehmat Ali Hasnie, President & CEO of National Bank of Pakistan (NBP), emphasised the crucial role of ecosystems and the financial and banking sector in driving national growth during the Pakistan Business Summit recently held in Peshawar. The summit, themed “Shaping What’s Next,” was organized under the patronage of the Governor of Khyber Pakhtunkhwa […]
KARACHI: The State Bank of Pakistan (SBP) has announced plans to shift all government payments to Raast, the country’s instant payment system, by the end of the ongoing fiscal year 2025-26. “We have plans that with the close of this fiscal year we will be having all government payments go to Raast. We are working […]
The Competition Commission of Pakistan (CCP) has approved Systems Limited’s acquisition of SAA Services (Pvt) Ltd from British American Tobacco International Holdings (UK) Ltd. The deal was assessed under Phase I of CCP’s merger review framework, as mandated by the Competition Act, 2010. Under the transaction, Systems Limited, a major Pakistani firm in software, BPO, […]
Pakistan Telecommunication Company Limited (PTCL) on Wednesday announced that the Competition Commission of Pakistan (CCP) has approved its proposed acquisition of Telenor Pakistan BV and Orion Towers (Private) Limited. PTCL-Telenor merger: CCP to issue conditional approval “It is to notify that the CCP on October 1, 2025, has passed the Phase-II Order in relation to […]
Bank of Khyber (BoK) has formally launched its Point-of-Sale (POS) acquiring services in partnership with KuickPay, marking an important step in the Bank’s digital transformation journey and its commitment to expanding Pakistan’s payments infrastructure. The launch ceremony was led by Hassan Raza, Managing Director & CEO of BoK, together with senior executives from both organizations, […]
As the UAE and GCC continue to strengthen their position as global hubs for fintech, crypto, AI, and digital innovation, the demand for robust regulatory compliance and cybersecurity solutions has never been greater. At the forefront of this transformation is SecureVisa Group, founded by Mr. Amir A. Kolahzadeh. SecureVisa Group specializes in navigating complex multi-regulator licensing frameworks across VARA, SCA, […]
KARACHI: The State Bank of Pakistan (SBP) said on Sunday that all digital fund transfers are settled instantly and beneficiaries receive funds in real time. However, the two hours cooling period, introduced in April 2023, applies only on the usage or cash-out of funds received in branchless banking accounts. Referring to the reports on social […]
Islamabad, Pakistan – In a strategic step towards enhancing the digital financial landscape of Pakistan, PayFast, a State Bank of Pakistan-licensed fintech, and Askari Bank, one of the country’s leading commercial banks, have signed a partnership agreement to launch a white-label checkout solution that makes use of Raast for easier payments. The signing ceremony, held […]