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 […]
KARACHI: Halan Microfinance Bank (“the Bank”), a Pakistani microfinance bank owned by MNT-Halan, Egypt and the MENA region’s first fintech unicorn, has received a national license from the State Bank of Pakistan, allowing it to expand outside Sindh to the rest of the country. The national license permits the Bank to launch and manage financial […]
Karachi, Pakistan – June 5, 2025 — The National Bank of Pakistan (NBP) has reached a significant milestone, crossing Rs. 100 billion in total outstanding loans secured against gold. This achievement highlights the Bank’s rapidly growing Gold Loan portfolio, which caters to both the agriculture and consumer segments across the country. With over 173,000 active […]
Karachi, Pakistan – In a groundbreaking move to promote financial inclusion and expand digital accessibility, Samsung Pakistan has launched a Buy Now Pay Later – Cash Instalments service on its official eStore, samsung.com/pk, in partnership with Qist Bazaar. This initiative marks the first time in Pakistan that a cash-based instalment payment option is being offered […]
Karachi, Pakistan – Halan Microfinance Bank has secured a capital injection of Rs. 1.425 billion (approximately USD 5 million) following its acquisition by MNT Halan Pak B.V., a Netherlands-based company. The bank, formerly known as Advans Pakistan Microfinance Bank Limited, was officially rebranded to “Halan Microfinance Bank Limited” on September 16, 2024, after the acquisition […]
Lahore, Pakistan — Kashf Foundation is proud to announce a landmark partnership with Habib Bank Limited (HBL), which has extended a Rs. 3.5 billion credit facility to support the growth and sustainability of women-led enterprises across Pakistan. This strategic collaboration aims to provide affordable and accessible credit to thousands of women entrepreneurs, particularly in remote and […]
BankIslami has partnered with the Sindh Enterprise Development Fund (SEDF) to promote and expand financing opportunities for small and medium enterprises (SMEs) across Sindh. Under this collaboration, both institutions aim to enhance financial access for SMEs. SEDF will offer financial incentives, including KIBOR-based profit subsidies, while BankIslami will provide tailored business financing to support the […]
Pakistan’s leading digital microfinance bank, Mobilink Bank, has announced a strategic partnership with Daraz Pakistan, the country’s largest e-commerce platform, to accelerate financial inclusion, access to finance and digital enablement of micro, small and medium enterprises (MSMEs) across Pakistan. The collaboration advances the two institutions’ joint vision for economic growth at the grassroots level for […]
Islamabad, Pakistan – In a landmark move to bolster Pakistan’s entrepreneurial ecosystem, Karandaaz Pakistan, Accelerate Prosperity (an initiative of the Aga Khan Development Network), and Parwaaz Financial Services Ltd (PFSL) have announced a strategic partnership aimed at expanding access to finance for small businesses, with a special focus on women-led enterprises, climate-tech startups, and innovation-driven […]