KARACHI: Rehmat Ali Hasnie, President & CEO of National Bank of Pakistan (NBP), emphasised the crucial role of ecosystems and the financial and banking sector in driving national growth during the Pakistan Business Summit recently held in Peshawar. The summit, themed “Shaping What’s Next,” was organized under the patronage of the Governor of Khyber Pakhtunkhwa […]
KARACHI: United Bank Limited (UBL) has achieved a historic milestone by becoming the first Pakistani bank to cross Rs. 1 trillion in market capitalization on the Pakistan Stock Exchange (PSX), according to Topline Securities. This landmark reflects growing investor confidence in UBL’s turnaround strategy, consistent performance, and strong future outlook. Analysts attribute the bank’s earnings […]
KARACHI: The State Bank of Pakistan (SBP) has announced plans to shift all government payments to Raast, the country’s instant payment system, by the end of the ongoing fiscal year 2025-26. “We have plans that with the close of this fiscal year we will be having all government payments go to Raast. We are working […]
The Competition Commission of Pakistan (CCP) has approved Systems Limited’s acquisition of SAA Services (Pvt) Ltd from British American Tobacco International Holdings (UK) Ltd. The deal was assessed under Phase I of CCP’s merger review framework, as mandated by the Competition Act, 2010. Under the transaction, Systems Limited, a major Pakistani firm in software, BPO, […]
Bank Alfalah Limited, one of Pakistan’s leading commercial banks, and the National Clearing Company of Pakistan Limited (NCCPL) have signed a Memorandum of Understanding (MoU) to explore opportunities that will enhance commercial banks’ participation in Pakistan’s capital markets, increase liquidity, and help in broadening the investor base. Under the MoU, BAFL will evaluate multiple avenues, […]
Pakistan Telecommunication Company Limited (PTCL) on Wednesday announced that the Competition Commission of Pakistan (CCP) has approved its proposed acquisition of Telenor Pakistan BV and Orion Towers (Private) Limited. PTCL-Telenor merger: CCP to issue conditional approval “It is to notify that the CCP on October 1, 2025, has passed the Phase-II Order in relation to […]
The Bank of Khyber (BOK) has taken center stage at the Pakistan Stock Exchange (PSX) with one of the most remarkable performances in the country’s financial sector. Its share price has surged by over 176% in the past year, and 118% in 2025 alone, placing it firmly among the top-performing banking stocks in Pakistan. For […]
Bank of Khyber (BoK) has formally launched its Point-of-Sale (POS) acquiring services in partnership with KuickPay, marking an important step in the Bank’s digital transformation journey and its commitment to expanding Pakistan’s payments infrastructure. The launch ceremony was led by Hassan Raza, Managing Director & CEO of BoK, together with senior executives from both organizations, […]
As the UAE and GCC continue to strengthen their position as global hubs for fintech, crypto, AI, and digital innovation, the demand for robust regulatory compliance and cybersecurity solutions has never been greater. At the forefront of this transformation is SecureVisa Group, founded by Mr. Amir A. Kolahzadeh. SecureVisa Group specializes in navigating complex multi-regulator licensing frameworks across VARA, SCA, […]
KARACHI: The State Bank of Pakistan (SBP) said on Sunday that all digital fund transfers are settled instantly and beneficiaries receive funds in real time. However, the two hours cooling period, introduced in April 2023, applies only on the usage or cash-out of funds received in branchless banking accounts. Referring to the reports on social […]