Karachi, 12 August 2025: Ranked first on the Climate Risk Index 2025 despite contributing less than 0.9 percent to global greenhouse gas emissions, Pakistan is bearing disproportionate losses. In 2022 alone, climate-induced disasters inflicted over USD 30 billion in damages, with recovery needs exceeding USD 16.3 billion. Air pollution alone causes over 128,000 premature deaths annually, […]
ISLAMABAD: Pakistan’s agri-lending sector, HBL Microfinance Bank (HBL MfB) and the Pakistan Space and Upper Atmosphere Research Commission (SUPARCO), have signed a Memorandum of Understanding (MoU) to introduce satellite-based agricultural analytics into the lending ecosystem. Under this initiative, the two organisations will jointly execute a pilot project in Okara District, one of Punjab’s key agricultural […]
Karachi, Pakistan – June 2025 — Neem, Pakistan’s leading embedded finance platform, has entered into a multi-faceted partnership with Meezan Bank, Pakistan’s premier Islamic bank, to strengthen its payment infrastructure and co-create a broader financial ecosystem for businesses across Pakistan. Under this partnership, Neem and Meezan Bank are working together across multiple touchpoints, including payment […]
KARACHI – Faysal Bank Limited (FBL) has taken a groundbreaking step toward digital transformation in Islamic finance. In collaboration with fintech innovator Fauree, FBL has signed a MoU to develop and deploy a comprehensive Islamic Digital Supply Chain Finance (SCF) and Agri-Digitization ecosystem. The MoU was signed by Altaf Hussain Saqib, Head of Commercial Banking […]
KARACHI: The Finance Minister Muhammad Aurangzeb on Monday appreciated the State Bank of Pakistan (SBP) and banks for achieving stellar growth of 41 percent in SME finance and appreciable growth of 15 percent in agri financing during FY25. He was addressing a meeting of banks’ CEOs/Presidents at SBP head office Karachi. The meeting was co-chaired […]
KARACHI: The State Bank of Pakistan (SBP) has officially launched the Women Entrepreneurship (WE) Finance Code, an international collaborative initiative designed to boost financial institutions’ disclosure and commitment toward funding Women Micro, Small, and Medium Enterprises (WMSMEs). Originally launched by the World Bank Group in 2023, the WE Finance Code aims to close the global […]
Source: Business Recorder The State Bank of Pakistan (SBP) officially joined the global initiative of Women Entrepreneurs Finance Code (WE Finance Code) in collaboration with the Asian Development Bank (ADB) and under the leadership of the World Bank on Monday. The ADB has partnered the initiative with a substantial $500 million financing programme to the […]
Karachi, Pakistan – June 2025: In a groundbreaking move to scale gender-inclusive financing, Pakistan Microfinance Investment Company (PMIC), in collaboration with Pakistan Kuwait Investment Company (Private) Limited, PakLibya Holding Company (Pvt.) Limited, Pak Brunei Investment Company Limited, and Allied Bank Limited, has successfully structured a PKR 3 billion syndicated facility for ASA Microfinance Bank (Pakistan) […]
The Government of Pakistan and the Asian Development Bank (ADB) on Tuesday signed a $350 million loan agreement to support the “Women Inclusive Finance Sector Development Program (Subprogram-II).” The State Bank of Pakistan also signed a related Project Agreement for the Financial Intermediary Loan (FIL). The loan package includes a $300 million policy-based loan and […]
KARACHI: United Bank Limited (UBL) has announced a strategic partnership with CashNow, a leading fintech platform, to introduce a cutting-edge Digital Supply Chain Finance solution. The agreement was formally signed at UBL’s Head Office in Karachi, marking a significant milestone in the bank’s digital transformation journey. Through this collaboration, UBL will empower its customers with […]