Riyadh, Saudi Arabia – February 2025 – AutoSoft Dynamics, a subsidiary of Constellation Software Inc. (CSI), has taken a significant step toward expanding its presence in Saudi Arabia by signing a teaming agreement with Azeemi Technologies. The agreement, formalized on the first day of the LEAP 2025 technology conference, aims to introduce cutting-edge banking solutions […]
Islamabad, February 12, 2025 – Pakistan Telecommunication Company Limited (PTCL) has announced its financial results for the year ending December 31, 2024, showcasing a stellar performance with double-digit revenue growth of 17%. The PTCL Group continues to solidify its position as the country’s leading integrated telecom service provider. PTCL Group Key Financial Highlights PTCL Group […]
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 […]