KARACHI: Soneri Bank Limited announced its financial results for the half year ended June 30, 2025, following approval by the Board of Directors at its 211th meeting held in Karachi. The Bank posted a profit before tax (PBT) of Rs 6,685 million and profit after tax (PAT) of Rs 2,497 million, compared to Rs 6,519 […]
ISLAMABAD: The State Bank of Pakistan (SBP) is set to implement a Merchant Discount Rate (MDR) subsidy scheme aimed at boosting cashless transactions through Raast QR code-based payments at retail outlets. The initiative, backed by the federal government, has been allocated an annual subsidy of Rs3.5 billion to accelerate the shift from cash to digital […]
The State Bank of Pakistan, Banking Service Corporation (SBP BSC), and UN Women Pakistan have signed a Memorandum of Understanding (MoU) to enhance financial inclusion, literacy, and access to finance, focusing on women’s empowerment and gender equality. The signing ceremony, held in Karachi, was attended by Mr. Maraj Mahmood, Managing Director of SBP BSC, and […]
KARACHI: The State Bank of Pakistan (SBP) has invited applications for the inaugural cohort of its Regulatory Sandbox, a flagship initiative under Vision 2028 aimed at fast-tracking the country’s digital financial revolution. The central bank said the first phase of the sandbox will focus on three priority areas: Technology-enabled solutions for inward remittances Open banking Remote […]
ISLAMABAD: Haball (Private) Limited, Pakistan’s leading non-banking corporate aggregator in the B2B space announced that it has received In-Principle Approval (IPA) from the State Bank of Pakistan (SBP) for a Payment System Operator/Payment Service Provider (PSO/PSP) authorisation. This milestone marks another significant achievement for the fintech, following its August 2024 inclusion as a Raast Payment […]
Sialkot, Pakistan, August 22, 2025 – Alibaba.com, a leading global business-to-business (B2B) e-commerce platform, today celebrated the nation’s top e-commerce businesses at the KEL Awards 2025 ceremony while launching its enhanced Trade Assurance 2.0 service in Pakistan. The event brought together key industry leaders, including Omer Khalid, Vice President of SCCI and Sayyed Ahmad Masud, […]
National Bank of Pakistan (NBP) on occasion of 78th Independence Day of Pakistan, and 75th anniversary of NBP, launched the NBP Amirah PayPak Pink Debit Card, the country’s first PayPak debit card exclusively for women who hold an Aitemad Islamic Amirah account. This unique card is designed to give women greater convenience, security, and financial […]
KARACHI: Systems Limited (PSX: SYS) has reported a profit after tax (PAT) of Rs. 2.65 billion (EPS: Rs. 1.81) for the second quarter of calendar year 2025 (2QCY25), up 59% compared to Rs. 1.67 billion (EPS: Rs. 1.15) in the same period last year. The surge in earnings was largely driven by higher technology services […]
All relevant ministries, departments, and regulatory bodies instructed to begin the process of enabling Raast QR codes ISLAMABAD: The Ministry of Finance has sought update on implementation of printing of Raast QR code in public utility companies which has been launched by the State Bank of Pakistan (SBP). In a letter addressed to the administrative […]
Jazz, Pakistan’s leading digital operator, invested PKR 25.5 billion and reported a strong growth of 17.7% in the first half of 2025, underscoring its commitment to driving Pakistan’s digital transformation. The investment focuses on expanding 4G coverage, scaling digital platforms, and accelerating financial inclusion, ensuring that millions of Pakistanis benefit from affordable, high-quality digital services. […]