KARACHI: Faysal Bank Limited (FBL), in collaboration with its China-based fintech partner OPay, has surpassed a major milestone by processing over PKR 100 billion in digital retail payments within a short span of time. The achievement highlights Faysal Bank’s progressive strategy to strengthen its position in Pakistan’s digital payments landscape and accelerate the shift toward […]
Alibaba.com, a leading global B2B e-commerce platform, has entered into a Memorandum of Understanding (MoU) with Ignite – National Technology Fund, under Pakistan’s Ministry of Information Technology & Telecommunication (MoITT), to strengthen Pakistan’s digital economy and expand global opportunities for small and medium-sized enterprises (SMEs) and startups. The MoU was signed in Beijing during 2nd Pakistan-China B2B Investment Conference by […]
KARACHI: In a major step towards digital banking, the State Bank of Pakistan (SBP) has directed banks and microfinance banks (MFBs) to ensure that at least 25 percent of their branch networks are equipped with Cash Deposit Machines (CDMs) by calendar year 2028. The directive is part of SBP’s broader strategy to accelerate self-service banking […]
Islamabad, Gulberg Greens — 4th Sep, 2025 The Bank of Khyber (BoK) has officially launched its Mastercard Debit Card portfolio at an exclusive ceremony held at the Bank’s Boardroom in Gulberg Greens. The event was attended by Mr. Hassan Raza, Managing Director & CEO of BoK, along with Senior Management of BOK, & Mr. Arslan […]
Digitt+, Pakistan’s leading EMI, has announced an upcoming partnership with Airalo, the world’s first and largest eSIM provider, to make international travel smarter, simpler, and more connected for its users. With this integration, Digitt+ users will soon be able to purchase and activate Airalo eSIMs directly through the Digitt+ app, providing access to mobile data […]
VEON Group Holding Company Ltd, a subsidiary of the Nasdaq-listed VEON Ltd, has expressed its intention to acquire shares and control in TPL Insurance Limited, marking a possible entry into Pakistan’s insurance sector. The development was disclosed by TPL Insurance Limited in its notice to the Pakistan Stock Exchange (PSX) on Thursday. According to a […]
Karachi, September 2, 2025: The Central Depository Company of Pakistan (CDC) has onboarded Arif Habib Limited to its RAAST Aggregator Platform, marking a significant advancement in enabling secure, instant fund transfers for investors. This strategic integration, supported by Catalyst IT Solutions, furthers CDC’s mission to drive digitalization, transparency, and operational efficiency across Pakistan’s capital market. A […]
Peshawar, August 28, 2025 — The Bank of Khyber (BoK) is delighted to announce a remarkable leap in its financial performance, reflecting the Bank’s robust business momentum, strong governance, and unwavering commitment to value creation for its stakeholders. For the half year ended June 30, 2025, BoK achieved a Profit Before Tax (PBT) of Rs. […]
Islamabad – The Securities and Exchange Commission of Pakistan (SECP) has issued a directive requiring its licensed entities to adopt concrete measures for promoting Shariah-compliant intermediary services, in line with the constitutional mandate to gradually eliminate riba from the financial sector. Under the new framework, Shariah-compliant institutional investors regulated by SECP – including takaful operators, […]
ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has notified a standard format of Board resolution for corporate account opening by companies. The SECP has issued the new resolution for companies through a circular number 22 of 2025 on Friday. According to the SECP’s circular, in exercise of the powers conferred under Section 510 […]