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 […]
Dubai, UAE: Aamir Ibrahim, CEO of Jazz and Chairman of Mobilink Microfinance Bank, has been appointed to the Group Executive Committee (GEC) of VEON, in addition to his current responsibilities of leading VEON’s businesses in Pakistan. This strategic move aims to strengthen VEON’s alignment with its markets and bolster its ambitious digital services-driven growth plans. […]
KARACHI, PAKISTAN Dun & Bradstreet Pakistan (D&B) has partnered with Pakistan State Oil Company Limited (PSO), the country’s leading energy company, to enhance its supplier risk management capabilities. Through this collaboration, PSO will leverage D&B’s expertise to make informed, data-driven decisions on its suppliers. The D&B Risk Analytics will empower PSO to gain unparalleled visibility […]