KARACHI: Standard Chartered (Pakistan) Limited has been awarded the working capital banking mandate by EMAAR Pakistan, marking a significant development for Pakistan’s real estate and financial sectors. The mandate positions Standard Chartered as EMAAR’s banking partner for its Karachi-based projects, enabling the bank to deliver a comprehensive suite of financial services ranging from working capital […]
The federal government officially established the Pakistan Digital Authority (PDA), appointing a chairperson and one other member to the body, it emerged on Wednesday. As one of three bodies formed under the Digital Nation Bill — approved by the federal cabinet in June — the PDA will comprise a chairperson and two members, who will work to develop, implement […]
Faysal Bank Limited (FBL), in partnership with PayPak and Mastercard, has unveiled Pakistan’s first PayPak–Mastercard Co-Badge Debit Card, a landmark development for the country’s payments ecosystem. The new card brings together the global acceptance and security of Mastercard with the reliability and cost-efficiency of PayPak, supporting the State Bank of Pakistan’s (SBP) vision of a […]
Pakistan’s long-overlooked fintech landscape is undergoing a significant resurgence, driven by renewed investor confidence and rapidly evolving regulatory reforms, according to a recent report by Forbes. The publication noted that after years of lagging behind India and other regional markets, Pakistan is now emerging as a strong contender in South Asia’s digital finance space. Forbes […]
Wateen Telecom has announced a strategic partnership with The Bank of Punjab (BOP) to jointly establish an Artificial Intelligence (AI) Factory, a transformative initiative aimed at accelerating digital transformation and AI-driven innovation across Pakistan’s banking industry. The agreement was formalized during a signing ceremony attended by senior leadership from both organizations, including Mr. Adil Rashid, […]
Islamabad, December 1, 2025: Askari Bank Limited has entered into a strategic partnership with Autosoft Dynamics (Pvt.) Limited, a leading provider of banking technology solutions, to implement a state-of-the-art Digital Lending and Loan Origination System (LOS). This collaboration marks a significant milestone in the Bank’s digital transformation journey and reinforces its commitment to redefining customer […]
The State Bank of Pakistan (SBP) and the Lahore Chamber of Commerce and Industry (LCCI) are set to introduce a QR code payment system to facilitate cashless transactions for chamber members. The initiative, announced during a meeting between SBP Chief Manager Tariq Riaz and LCCI President Faheem Ur Rehman Saigol, will allow members to pay […]
Sialkot, Pakistan, November 26, 2025 – Alibaba.com, a leading global business-to-business (B2B) e-commerce platform, today announced the collaboration with UPS Authorised Service Contractor in Pakistan to provide cost-effective and reliable logistics services for Pakistani exporters. This initiative aim to helping local Small and Medium Enterprises (SMEs) connect seamlessly to over 200 countries and regions, optimizing […]
The Bank of Punjab (BOP) and InfraZamin Pakistan (IZP) have signed a strategic Memorandum of Understanding (MoU) to strengthen Pakistan’s agricultural warehousing ecosystem through a credit guarantee–backed financing framework. The partnership aims to enhance post-harvest storage capacity, drive private-sector investment, and support long-term agricultural development. InfraZamin Pakistan — a credit enhancement institution jointly sponsored by […]
Karachi: Mashreq Bank Pakistan — one of the country’s two licensed retail digital banks — has announced a strong focus on attracting workers’ remittances and introduced Pakistan’s first-ever profit-bearing current account, offering up to 5% per annum. During the launch of Mashreq NEO, the bank’s new digital banking platform tailored for Pakistan, Shahzad Khokhar, Head […]