United Bank Limited (UBL) has introduced an AI-powered – Voice Command feature inside the UBL Digital App, enabling customers to complete everyday banking actions simply by speaking. The feature brings a new, hands-free way to bank in Pakistan. “Speak More, Tap Less”: What Voice Command Does With a tap on the microphone icon, users can […]
Soneri Bank Limited announced on Thursday the appointment of Ahsan Mushahid Siddiqui as President & Chief Executive Officer (CEO), effective 1 April 2026. The bank shared the development in a notice to the Pakistan Stock Exchange today. Ahsan will succeed Muhtashim Ahmad Ashai, whose employment contract will mature on March 31. “This appointment is subject […]
United Bank Limited (UBL) as one of the Mandated Lead Advisors & Arrangers, has successfully led Pakistan’s largest private sector syndicated Islamic financing to date, totaling PKR 133 billion. The financing was extended to Deodar (Private) Limited and Engro Connect (Private) Limited, with UBL also acting as Facility Agent, Security Agent and Accounts Bank. The […]
Islamabad, Pakistan — January 27, 2026:The Government of Pakistan has appointed Ali Farid Khwaja as a Commissioner of the Securities and Exchange Commission of Pakistan (SECP), signaling a move toward strengthening regulatory oversight with global expertise and digital-first thinking. According to a notification issued by the Finance Division on January 27, 2026, Khwaja has been […]
The State Bank of Pakistan (SBP) has reduced the Cash Reserve Requirement (CRR) for banks by 100 basis points, lowering it to 5 percent on a weekly average basis and 3 percent on a daily basis, according to the SBP governor’s press briefing earlier yesterday. The move is expected to inject additional liquidity into the […]
As a joint initiative of the Pakistan Banks Association (PBA) and the State Bank of Pakistan (SBP), Pakistan’s banking sector concluded its first-ever Industry-wide Cyber Drill, a week-long exercise held from 12 to 19 January 2026 in Karachi and Lahore, with a closing ceremony in Karachi. Governor SBP, Mr Jameel Ahmad, who graced the occasion […]
aik by BankIslami has launched aikPay – Pakistan’s first Shariah compliant Raast enabled QR Payment Gateway. Built on the State Bank of Pakistan’s Raast infrastructure, aikPay enables real time online payments through dynamic QR codes, allowing customers to pay instantly from their bank accounts and enabling merchants to receive payments securely through a smooth checkout […]
Raqami Islamic Digital Bank (RIDB), backed by the Kuwait Investment Authority, plans to invest $100 million over the next five years as it prepares to launch commercial operations in February, marking Pakistan’s first fully Shariah-compliant digital retail bank, Bloomberg reported. The Karachi-based lender has completed its pilot phase and is targeting at least one million customers within […]
The Universal Service Fund (USF) and Jazz officially signed contracts on Wednesday for four landmark Next Generation-Broadband for Sustainable Development (NGBSD) projects. The ceremony was held at the USF Head Office. IT Minister Shaza Fatima attended the event as chief guest. The agreements were formally signed by Chaudhry Mudassar Naveed, CEO of USF, and Aamir […]
Davos: Federal Minister for Finance and Revenue Muhammad Aurangzeb met Visa Group President Oliver Jenkyn on Wednesday on the sidelines of the World Economic Forum (WEF) Annual Meeting to discuss innovation in digital payments and Pakistan’s transition toward a modern, digitally enabled economy, according to a statement from the Finance Division. During the meeting, both […]