ISLAMABAD: The State Bank of Pakistan (SBP) highlighted the country’s transition towards a cashless economy, with plans to digitize all payments by the federal and provincial governments by June 2026. All government-to-person and person-to-government payments would be converted to digital platforms by the end of June 2026. This was revealed by SBP officials while briefing […]
Systems Limited informed on Wednesday that it was considering a potential acquisition of Information Technology (IT) services business. The company shared this in a notice to the Pakistan Stock Exchange (PSX) today. It said that the acquisition is subject to finalization of negotiations of commercial terms, completion of due diligence, execution of definitive agreements and […]
Prime Minister Shehbaz Sharif said Tuesday that the launch of Mashreq Digital Retail Bank will serve as a milestone in modernizing Pakistan’s economy and promoting a cashless business environment. Speaking at the inauguration ceremony in Islamabad, the prime minister termed digitalization the need of the hour, stressing that a paperless system with reduced human involvement […]
KARACHI: The federal government has established the Climate Risk Fund I (CRF-I) under the World Bank–funded Resilient and Accessible Microfinance (RAM) Project, with financing of $125 million, to strengthen climate resilience in the agriculture sector and safeguard the country’s microfinance industry from flood-induced shocks. The State Bank of Pakistan (SBP) will manage the Fund under […]
The State Bank of Pakistan (SBP) announced on Monday that the Monetary Policy Committee has kept the interest rate unchanged at 11 percent in its meeting held on September 15, 2025, citing moderate inflation and stronger economic momentum but warning of risks from widespread flooding. The central bank said inflation eased to 3% in August […]
At Digitt+, our mission has always been to build secure, inclusive, and innovative digital financial infrastructure that empowers businesses to serve their customers better. Our recent partnership with EZ Wage is a strong example of this vision in action. EZ Wage is revolutionizing financial access for workers and businesses across Pakistan. With the launch of […]
Karachi, September 11, 2025, In a first-of-its-kind innovation, a Karachi wedding this weekend introduced digital salami through the State Bank of Pakistan’s Raast QR system, turning a centuries-old cultural tradition into a modern, cashless experience. Guests were invited to bless the newlyweds not with cash-filled envelopes, but by scanning a Raast QR placed by fintech […]
Pakistan’s digital lending stack is evolving fast and AdalFi is at the center of that shift. The company confirms its banking partners have enabled more than $200M in lending with defaults holding at 0.2%. Under the hood, AdalFi’s AI scoring model has processed 1.2B+ transactions and evaluated 30M+ borrowers. The system keeps learning from 50K+ […]
KARACHI: Pakistan’s banking sector remained resilient and well-capitalised in the first half of 2025, supported by strong deposit growth, contained credit risks, and robust capital buffers, the State Bank of Pakistan (SBP) said in its Mid-Year Performance Review of the Banking Sector (January–June 2025). According to the central bank, the asset base of the sector […]
KARACHI — The State Bank of Pakistan (SBP) has instructed commercial banks and financial institutions (FIs) to compensate customers for any financial losses within two business days if a data security breach occurs. According to the central bank, FIs must take immediate steps to safeguard affected customers from further losses and notify them within 48 […]