The Pakistan Banks Association (PBA) elected and constituted a new 16-member Executive Committee, including two female members and eight newly inducted member banks, marking a strategic shift toward greater inclusivity and broader industry representation. Following the elections, the Executive Committee unanimously elected Mr. Zafar Masud, President and Chief Executive Officer of The Bank of Punjab, […]
1LINK has further strengthened Pakistan’s card payments landscape by achieving Mastercard certification for its purpose built, state-of-the-art PCI compliant Card Personalization Bureau, designed to deliver secure, scalable, and end-to-end personalization and card fulfillment services. The highly automated facility supports the complete card personalization lifecycle from secure data personalization to packaging with near zero human intervention, […]
With 67% of Pakistan’s adult population now financially included, up from just 47% in 2018, the country’s banking landscape is transforming at a remarkable pace. But financial inclusion alone does not complete the picture. Increasingly, Pakistanis are demanding ethical, accessible, and tech-forward banking solutions, and nowhere is this convergence more visible than in the rise […]
The New Power Award brings together global entrepreneurs to debate key industry challenges, with a Pakistani SME recognized for its innovative ‘AI Commander’ approach Karachi, Pakistan – 23 December 2025: Alibaba.com, a leading global B2B e-commerce platform, today announced the conclusion of the 2025 New Power Award in Hangzhou, China. Often referred to as the […]
Karachi: easypaisa Digital Bank has processed more than 4.5 billion transactions worth over PKR 15 trillion in 2025, marking a major milestone as it completed the first anniversary of its digital banking operations. The announcement was made at the bank’s Annual Stakeholder Dinner, attended by government officials, regulators, partners, industry leaders, media, and members of […]
Karachi, 21 December: A landmark initiative aimed at supporting the continued development of Islamic banking and finance in Pakistan was marked with the inauguration of the Irfan Siddiqui Center for Advancement of Islamic Finance at the National Institute of Public Administration (NIPA). The Center has been established to commemorate Mr. Irfan Siddiqui, widely recognized as a […]
Islamabad: The federal government on Thursday held discussions with Ant Group, a global digital payments and financial technology company, and Easypaisa Digital Bank to advance digital payments, financial inclusion and technology-driven financial services in Pakistan. Federal Minister for Finance Muhammad Aurangzeb met a delegation at the Finance Division comprising Douglas Feagin, President of Ant International […]
Fatima Fertilizer Company Limited and IFC, a member of the World Bank Group, announced a renewable liquidity facility of US$60 million per year to help maintain uninterrupted domestic fertilizer production by enabling Fatima Fertilizer to import essential raw materials, machinery, and technical services. Pakistan has faced shortages of foreign exchange and delays in clearing imports, […]
KARACHI: The general public will be able to subscribe to the initial public offering (IPO) of Pak Qatar Takaful Limited (PQFTL) from December 17, after the offering received a strong response from institutional investors during the book-building phase. Under the retail tranche, 12.5 million shares — representing 25 percent of the total IPO size — […]
Karachi: Jazz International Holding Limited has been confirmed as the new acquirer of shares and control of TPL Insurance Limited, replacing the previously announced VEON Group Holding Company Ltd and its affiliates. The development was disclosed by Arif Habib Limited (AHL), acting as the manager to the offer, through an addendum to the public announcement […]