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 […]
Decision contrary to market expectations, which expected central bank to maintain status quo. Contrary to market expectations, the Monetary Policy Committee (MPC) of the State Bank of Pakistan (SBP) decided to reduce the policy rate by 50 basis points (bps) to 10.5% on Monday. The market expected the central bank to maintain the status quo. […]
ISLAMABAD – Samba Bank Limited Pakistan has inaugurated the “The Kingdom Connect – Saudi Business Facilitation Center”at its Jinnah Avenue Branch in Islamabad. This landmark initiative reaffirms Samba Bank’s commitment to foster deeper economic engagement between Pakistan and the Kingdom of Saudi Arabia. The inauguration ceremony was graced by Jamil Qureshi, Secretary, Special Investment Facilitation […]
Lahore-based student organization partners with leading media platform to bridge academia and industry through content creation, cross-promotion, and community building Lahore, Pakistan – [15th December], 2025 – NUCES FinTech Society (NFS), a student-led organization based at FAST-NUCES Lahore campus, and Fintech News Pakistan have formalized a strategic partnership through a Memorandum of Understanding aimed at […]
Karachi– Citi announced today the appointment of Habib Yousuf as the Citi Country Officer (CCO) & Banking Head for Pakistan. His appointment will be effective December 15, 2025. Habib Yousuf will report to Naveed Kamal, Sub-Cluster & Banking Head, Middle East & Pakistan and succeeds Ahmed Bozai, former Citi Country Officer & Banking Head for […]
Systems Limited has announced that its Board of Directors has approved the acquisition of Confiz Pakistan (Private) Limited, along with all its direct and indirect shareholdings in the Confiz Group of Companies. According to a notice submitted to the Pakistan Stock Exchange (PSX), the transaction will be executed through an amalgamation or merger of Confiz […]
Singapore – NayaPay, one of Pakistan’s fastest growing fintech platforms, has launched global QR payments in collaboration with Alipay+, Ant International’s global wallet gateway. The partnership enables millions of NayaPay users to scan-and-pay at Alipay+ merchants initially across more than 50 countries, connecting Pakistani consumers to an extensive global ecosystem spanning retail, dining, transport, healthcare, entertainment and more. With […]
London/Karachi: Faysal Bank Limited (FBL), one of Pakistan’s leading Islamic banks, has been recognized by the State Bank of Pakistan (SBP) under its Pakistan Remittance Initiative (PRI) as the Fifth Largest Bank in the Pakistan Remittance Market. The honor was presented at the Pakistan Remittance Summit 2025, held recently in London, UK. The recognition underscores […]