Amsterdam, Netherlands — Triple Jump, on behalf of ASN Impact Investors’ ASN Microkredietpool (AMP), has signed a €5 million term sheet with Pakistan’s Kashf Foundation. The financing will further strengthen Kashf’s mission of empowering low-income households, particularly women entrepreneurs, by expanding access to responsible financial services. The agreement underscores ASN Microkredietpool’s commitment to supporting inclusive […]
Islamabad — In a major step toward accelerating Pakistan’s transition to a cashless economy, the federal government has approved a Rs. 3.5 billion subsidy to promote merchant onboarding on the Raast platform and encourage wider adoption of digital payments through QR codes. The State Bank of Pakistan (SBP) announced that the incentive will support Person-to-Merchant […]
KARACHI – Jubilee Life Insurance Company Limited (JLI), Pakistan’s largest private sector insurer, and United Bank Limited (UBL), one of the country’s largest financial institutions, have entered into a strategic partnership to launch innovative insurance solutions aimed at delivering greater financial security and long-term value to customers. The new product offering is first of its […]
Karachi,19 September 2025: Alibaba.com, a leading B2B e-commerce platform, hosted its flagship event CoCreate 2025 in the United States of America, unveiling its most ambitious AI-driven transformation for global trade and creating opportunities for small and medium enterprises (SMEs) worldwide. Pace Sports, a Sialkot-based manufacturer of custom sportswear and sublimated team uniforms, represented Pakistan at […]
HBL-P@SHA ICT AWARDS 2025 RECOGNIZES DIVERSITY, GROWTH, AND COMPETITIVENESS OF PAKISTAN’S IT INDUSTRY Altogether 104 companies were honored, with 37 winners, 58 as runner-up, and 9 receiving special appreciation awards Lahore, 19 September 2025: Pakistan’s IT Industry Association (P@SHA) hosted its premier industry event, the HBL-P@SHA ICT Awards 2025, to celebrate country’s brightest minds in […]
ISLAMABAD: The State Bank of Pakistan (SBP) highlighted the country’s transition towards a cashless economy, with plans to digitize all payments by the federal and provincial governments by June 2026. All government-to-person and person-to-government payments would be converted to digital platforms by the end of June 2026. This was revealed by SBP officials while briefing […]
Systems Limited informed on Wednesday that it was considering a potential acquisition of Information Technology (IT) services business. The company shared this in a notice to the Pakistan Stock Exchange (PSX) today. It said that the acquisition is subject to finalization of negotiations of commercial terms, completion of due diligence, execution of definitive agreements and […]
Prime Minister Shehbaz Sharif said Tuesday that the launch of Mashreq Digital Retail Bank will serve as a milestone in modernizing Pakistan’s economy and promoting a cashless business environment. Speaking at the inauguration ceremony in Islamabad, the prime minister termed digitalization the need of the hour, stressing that a paperless system with reduced human involvement […]
KARACHI: The federal government has established the Climate Risk Fund I (CRF-I) under the World Bank–funded Resilient and Accessible Microfinance (RAM) Project, with financing of $125 million, to strengthen climate resilience in the agriculture sector and safeguard the country’s microfinance industry from flood-induced shocks. The State Bank of Pakistan (SBP) will manage the Fund under […]
The State Bank of Pakistan (SBP) announced on Monday that the Monetary Policy Committee has kept the interest rate unchanged at 11 percent in its meeting held on September 15, 2025, citing moderate inflation and stronger economic momentum but warning of risks from widespread flooding. The central bank said inflation eased to 3% in August […]