ISLAMABAD: JazzCash, has won the Silver Award in the Banking category at Money20/20 USA 2025, a leading global platform for the financial services ecosystem. The award recognizes ReadyCash, JazzCash’s pioneering digital lending feature that provides instant and accessible credit to individuals and micro-entrepreneurs in Pakistan. On average, it disburses 140,000 digital loans daily, making JazzCash […]
KARACHI: MCB Islamic Bank has officially launched its all-new mobile banking application, “SUBUK”, marking a major milestone in the Bank’s digital transformation journey. Designed to redefine how customers experience Islamic banking, SUBUK offers enhanced convenience, reliability, and security empowering users to manage their finances seamlessly anytime, anywhere. Developed with a customer-first approach, the app features […]
Systems Limited (PSX: SYS), Pakistan’s leading technology powerhouse, has announced a robust financial performance for the first nine months of calendar year 2025, posting a profit after tax (PAT) of Rs. 7.94 billion — a 46% year-on-year increase from Rs. 5.43 billion recorded in the same period last year. The company’s earnings per share (EPS) […]
Lahore, October 2025 — In a major milestone toward advancing Pakistan’s digital payment ecosystem, Link International Exchange Company (Pvt.) Ltd., one of the country’s largest and most trusted exchange companies, has partnered with the State Bank of Pakistan (SBP) to introduce QR code–based payment services under the national Raast Person-to-Person (P2P) program. This landmark initiative […]
Marking a significant milestone in its digital transformation journey, Telenor Pakistan has introduced a WhatsApp-based SIM purchase replacement and bundle subscription service, redefining how customers experience mobile connectivity. This innovative service reflects Telenor Pakistan’s focus on customer convenience, offering a simple, secure, and contactless way to get a SIM—without visiting a retail outlet. Customers can […]
Karachi, 24 October: Meezan Bank, Pakistan’s leading Islamic bank, in collaboration with Mastercard, has successfully concluded the “Spend Big, Win Big” cross-border spending campaign. The initiative encouraged customers to use their Meezan Mastercard Debit Cards for international transactions, reinforcing the Bank’s commitment to promoting secure and Shariah-compliant global payment solutions. The campaign concluded with an event […]
ISLAMABAD: Empowering Small and Medium Enterprises (SMEs) is vital to Pakistan’s socio-economic growth, and microfinance has a pivotal role to play in enabling that empowerment. By expanding access to finance and supporting small entrepreneurs, we can build a stronger ecosystem that drives sustainable economic progress. These views were shared by Haaris Mahmood Chaudhary, President & […]
HBL today declared a record profit before tax of Rs 112.2 billion for the first nine months of 2025, 31% higher than in the same period last year. Despite higher tax rates burdening the banking sector, profit after tax increased 19% to Rs 51.4 billion. EPS for 9M’25 improved to Rs 34.97 from Rs 30.03 […]
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 […]