Careem has announced it will shut down its ride-hailing operations in Pakistan effective July 18, 2025, ending its years-long presence in one of its largest markets. In an official notification to users, the company expressed gratitude for the support it received over the years and acknowledged the difficulty of the decision. Careem said users with […]
JazzCash, Pakistan’s leading mobile wallet platform, has announced a strategic partnership with Veem, a San Francisco-based global payments platform, to streamline international payments for freelancers and small and medium-sized enterprises (SMEs) across the country. This collaboration enables businesses in the United States and Canada to send payments directly to recipients in Pakistan through Veem’s multi-rail […]
June 16, 2025 – Islamabad: Arshad Nadeem, Pakistan’s star javelin thrower and the nation’s first-ever individual Olympic gold medalist, has been named to the prestigious Forbes 30 Under 30 South Asia 2025 list in the Entertainment & Sports category. This annual list highlights the most influential young changemakers from across the region, and Nadeem’s inclusion […]
In a major step towards strengthening digital payment security and convenience in Pakistan, Allied Bank Limited (ABL), UnionPay International (UPI), and Paysys Labs have entered into a strategic partnership to introduce tokenization technology for mobile Tap-and-Pay transactions. This collaboration empowers ABL customers, particularly users of UnionPay-PayPak Co-Badge Debit Cards, to enjoy a seamless, secure, and […]
Marking the one-year countdown, Visa kicks off exclusive fan access and experiences tied to one of the sport’s most exciting young stars and more to come as the tournament approach. Dubai, United Arab Emirates – With exactly one year to go until the FIFA World Cup 26™ kicks off across Canada, Mexico and the United States, Visa […]
KARACHI: The State Bank of Pakistan (SBP), as part of its Vision 2028 initiative, has announced the official launch of the Pakistan Real-Time Interbank Settlement Mechanism Plus (PRISM+), which will go live on June 16, 2025. The new system is a major upgrade to the country’s National Digital Payments Infrastructure. PRISM+ is built on the […]
Source: Business Recorder Finance Minister Muhammad Aurangzeb unveiled the Pakistan Economic Survey 2024-25 on Tuesday, recapping the annual report on the country’s economic progress for the outgoing financial year. Pakistan missed its GDP growth target of 3.6% in the outgoing fiscal year, posting a figure of 2.7%, revealed the Economic Survey 2024-25. According to the provisional figures […]
Raqami Islamic Digital Bank has entered into a strategic agreement with Visa, the world leader in digital payments, to launch its card portfolio and enable secure, digital-first payment solutions tailored to underserved populations across Pakistan. Announced at a signing ceremony held at Raqami’s Head Office in Karachi, the collaboration marks a major milestone in Raqami’s […]
Islamabad, Pakistan — HBL Microfinance Bank (HBL MfB) has announced a strategic partnership with the National Bank of Pakistan (NBP) through the adoption of NBP Smart Pay, a cutting-edge digital payment portal. This collaboration marks a significant step forward in HBL MfB’s ongoing commitment to enhancing digital financial services. The integration of NBP Smart Pay […]
Jazz, Pakistan’s leading digital operator, has announced the successful completion of its strategic infrastructure partnership with Engro Corporation Limited (“Engro Corp”), marking one of the largest private-sector infrastructure transactions in the country’s digital evolution. Under this landmark agreement, Jazz’s telecommunications infrastructure assets—housed under Deodar (Private) Limited—have been vested into Engro Connect, a subsidiary of Engro […]