Islamabad, Pakistan – September 24, 2024: HBL Zarai Services Limited (HZSL) and Zarai Taraqiati Bank Limited (ZTBL) have signed a Memorandum of Understanding (MoU) to enhance financial inclusion and provide modern agricultural services to farmers across Pakistan. This strategic collaboration aims to deliver innovative financial solutions, mechanization support, and expert advisory services to improve farm […]
WASHINGTON, March 18, 2025—The World Bank’s Board of Directors today approved $102 million in financing for the Resilient and Accessible Microfinance (RAM) Project, which aims to enhance access to microcredit and support the resilience of the microfinance sector and its borrowers, particularly in the face of climate-related shocks. “Microfinance is a critical tool for supporting the […]
Islamabad, Pakistan – Fauji Fertilizer Company (FFC) has partnered with four leading banks to offer clean financing of up to Rs. 500,000 for farmers registered with its Sona Centers. This initiative aims to promote financial inclusion and support agricultural growth across Pakistan. The signing ceremony, held at Serena Hotel, Islamabad, was attended by prominent industry […]
Islamabad, March 06, 2025: Pakistan’s leading digital microfinance institution, Mobilink Bank, has solidified its standing as a trailblazer in women’s financial inclusion and economic empowerment by winning the ‘CMO Marketing Campaign’ Award at the GSMA Global Mobile (GLOMO) Awards during Mobile World Congress 2025. The award recognizes Mobilink Bank’s groundbreaking campaign – The Invisible Heirs, […]
Karachi, Pakistan – In a significant move to enhance financial inclusion in the country, ABHI and TPL Corp Limited have officially launched ABHI Microfinance Bank, following the acquisition of FINCA Microfinance Bank. The strategic collaboration has received approvals from the State Bank of Pakistan (SBP) and the Competition Commission of Pakistan (CCP), marking a milestone […]
Islamabad, February 26, 2025: PTCL Group, the largest ICT services provider in Pakistan, is pleased to announce the appointment of seasoned banker, Tooran Asif as the new President & Chief Executive Officer (CEO) of U Microfinance Bank Limited (UBank). With a distinguished career spanning over three decades in digital and retail banking, Tooran Asif is […]
Neem, a leading financial wellness platform, has announced its strategic partnership with Wackenhut, Pakistan’s premier cash-in-transit (CIT) vehicle provider for banking and financial institutions. Through this collaboration, Neem is enabling access to earned wages for Wackenhut’s 2,500 security guards nationwide, marking a significant milestone in financial inclusion for frontline workers. Empowering Security Guards with Financial […]
Islamabad, Pakistan – Mobilink Bank, Pakistan’s leading digital microfinance institution, has announced a strategic partnership with fintech innovator NymCard and technology consultancy Dellson Associates to accelerate digital financial services and cross-border enablement. This collaboration marks a significant milestone in reshaping the future of financial inclusion in Pakistan. Under this alliance, NymCard will integrate its cutting-edge […]
ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has introduced new Consumer Protection Principles for Non-Banking Microfinance Companies (NBMFCs), mandating the issuance of a Key Fact Statement (KFS) for borrowers to ensure transparency and consumer rights protection. In a recently issued Circular No. 5 of 2025, SECP has directed all NBMFCs and the Chief […]
Karachi, Pakistan – In a landmark move to expand financial access for smallholder farmers and microenterprises, HBL Microfinance Bank (HBL MfB) has signed an $80 million Risk Sharing Agreement with the International Finance Corporation (IFC), a member of the World Bank Group. This strategic partnership aims to empower small businesses, with a particular focus on […]