The State Bank of Pakistan (SBP) has granted an In-Principle Approval (IPA) to PaySa to operate as an Electronic Money Institution (EMI) in Pakistan, marking a major step towards advancing the country’s digital payments ecosystem. Historically, The Central Bank has granted similar approvals to companies for specific use cases of consumer and merchant wallets. However, […]
KARACHI: March 6, 2025 – The Board of Directors of easypaisa Digital Bank (formerly Telenor Microfinance Bank Limited) has approved the audited financial statements for the year ending December 31, 2024, reflecting robust growth and record profitability. easypaisa Digital Bank reported a pre-tax profit (PBT) of Rs 4.7 billion in 2024, marking a 3.8x increase […]
Manila, Philippines, March 13, 2025—IFC, a member of the World Bank Group, has appointed Amena Arif as its new Country Manager for the Philippines. In her new role, Amena will focus on mobilizing private sector investments to support job creation, reduce the impacts of climate change, and promote financial inclusion. A Pakistani national, Amena joined […]
Islamabad, March 11, 2025 – Pakistan Telecommunication Company Limited (PTCL) has announced the appointment of Zarrar Hasham Khan as its new chairman, replacing Azfar Manzoor. The company disclosed the development in a notice to the Pakistan Stock Exchange (PSX) on Tuesday. “We have to inform you that Zarrar Hasham Khan has been appointed as chairman […]
Digitt+, a leading Electronic Money Institute, has partnered with Barq Pk to embed financial payments into their app via open APIs. Under this collaboration, Barq Fintech Pvt Limited (formerly MYTM Pvt Ltd Pakistan) will leverage Digitt+’s open API-driven infrastructure to offer seamless financial transactions to Barq’s users in Pakistan. The agreement was signed in Riyadh, […]
KARACHI: March 3, 2025 – Syngenta Pakistan has announced the appointment of Syed Mohammad Ali Murtaza as the Head of Corporate Affairs & Sustainability, effective March 3, 2025. Ali brings extensive experience in corporate and regulatory affairs, with a career spanning the petrochemical, digital financial services, and telecom sectors. Prior to joining Syngenta Pakistan, he […]
KARACHI: February 2025 — The State Bank of Pakistan (SBP) has granted Wemsol Private Limited a license to commence commercial operations as an Electronic Money Institution (EMI). Under this license, Wemsol will offer e-money wallet and payment gateway services to consumers and merchants across Pakistan. The company initially received in-principle approval from SBP in September […]
Islamabad: Yango Pakistan, a subsidiary of the global tech company Yango Group, has announced a strategic partnership with Elixs Bikes to introduce cost-effective electric bikes (EV bikes) for its partner drivers. The initiative, which will soon be extended to couriers, marks a significant step towards sustainable and economical urban mobility. Through this collaboration, Elixs Bikes […]
ISLAMABAD, Pakistan – In a landmark move for economic analysis in Pakistan, HBL, in collaboration with S&P Global, has announced the launch of the HBL S&P Global Purchasing Managers’ Index (PMI®) series. This initiative is set to provide timely and valuable insights into the overall economic health of Pakistan’s manufacturing sector, marking a significant advancement […]
1LINK, Pakistan’s leading payment system, has officially onboarded Halan Microfinance Bank as a primary member on its network. The signing ceremony marked a significant step towards enhancing digital financial services and was attended by senior leadership from both organizations. Present at the occasion were Mr. Najeeb Agrawalla, CEO of 1LINK, and Mr. Christos Stefano, President […]