Karachi, Pakistan – Faysal Bank Ltd. (FBL), a leading Islamic bank in Pakistan, has entered into a strategic partnership with Alliance Network to transform digital payment acceptance for small and medium-sized enterprises (SMEs). This collaboration aims to expand Pakistan’s digital payment infrastructure, enabling businesses to embrace cashless transactions and enhance their growth through innovative financial […]
Islamabad: JazzCash has joined hands with FAST National University of Computer and Emerging Sciences (FAST-NUCES) to introduce an elective course titled Fintech Ecosystems for students of the FAST School of Management. The 16-week course will be conducted by JazzCash’s future leadership team and aims to provide students with hands-on insights from fintech professionals. Designed to […]
Lahore, Pakistan – In a groundbreaking move towards sustainable mobility, foodpanda, Pakistan’s leading food and grocery delivery platform, has officially introduced electric bikes (EVs) as part of its delivery fleet. This initiative, launched in collaboration with the Government of Punjab and Wasl, a non-banking finance company (NBFC), aims to reduce carbon emissions and promote eco-friendly […]
Karachi, Pakistan – Zarea Limited, one of Pakistan’s largest B2B commodities platforms, has announced plans to raise at least Rs1 billion ($3.59 million) through an initial public offering (IPO) at the Pakistan Stock Exchange (PSX). The company aims to offer 62.5 million shares, representing 23.81% of its post-IPO paid-up capital, at a floor price of […]
KARACHI: The National Bank of Pakistan (NBP) has joined forces with BenchMatrix to implement the Risk Nucleus Governance, Risk, and Compliance (GRC) System, marking a significant step in the bank’s digital transformation journey. This collaboration aims to enhance operational efficiency, ensure regulatory compliance, and reinforce adherence to compliance risk management and industry standards. The adoption […]
Karachi, Pakistan – CRPL and Habib Bank Limited (HBL) have announced a strategic partnership to elevate the HBL Pay Business Banking portal through the integration of AddCore Digital, a cutting-edge cash management solution. This alliance aims to redefine business banking by introducing innovative platform features and advanced product functionalities that cater to modern business needs. […]
The Competition Commission of Pakistan (CCP) has granted approval for Optimus Capital Management (Private) Limited (OCMPL) to acquire a 95.59% shareholding in Alfalah Securities (Private) Limited (ASPL). The transaction, executed under a Share Purchase Agreement, received the green light following a comprehensive competition assessment. The CCP defined the relevant product market as “brokerage services,” which […]
Karachi – In a landmark move towards enhancing financial inclusion in Pakistan, Virtual Remittance Gateway (VRG), HBL Konnect, and easypaisa have signed a historic agreement for agent interoperability. The ceremony, held in the presence of senior officials from the State Bank of Pakistan (SBP), marks a significant step in the evolution of branchless banking in […]
Karachi, Pakistan – In a significant step toward advancing digital transformation and financial inclusion, Pakistan Stock Exchange (PSX) has expanded its partnership with 1LINK by adopting the Book Building feature under the 1BILL platform. The collaboration was formalized at a signing ceremony attended by senior executives, including Mr. Farrukh Sabzwari, Managing Director of PSX, and […]
KARACHI: Global mobility platform inDrive has announced the appointment of Muhammad Awais Saeed as its new Country Lead for Pakistan, signaling a key milestone in the company’s strategic growth within the region. In his new capacity, Saeed will oversee inDrive’s business operations across Pakistan, focusing on strengthening the company’s presence through effective management of local […]