KARACHI: Jubilee Life Insurance, Pakistan’s largest private sector life insurance provider, has entered into a strategic partnership with Neem, the country’s leading embedded finance platform, to digitise and streamline payments across the insurance value chain. As part of the partnership, Neem’s flagship payment solution is integrated across Jubilee Life’s digital platforms, including its website, mobile […]
ISLAMABAD: Pakistan Railways (PR) and Allied Bank Limited (ABL), Thursday, signed a memorandum of understanding (MoU) aimed at introducing modern Point of Sale (POS) systems across the railway network. The MoU signing ceremony was presided over by Federal Minister for Railways Hanif Abbasi. Under the agreement, advanced POS systems will be installed at 348 railway […]
Karachi, Pakistan – June 2025: In a groundbreaking move to scale gender-inclusive financing, Pakistan Microfinance Investment Company (PMIC), in collaboration with Pakistan Kuwait Investment Company (Private) Limited, PakLibya Holding Company (Pvt.) Limited, Pak Brunei Investment Company Limited, and Allied Bank Limited, has successfully structured a PKR 3 billion syndicated facility for ASA Microfinance Bank (Pakistan) […]
Alibaba.com, a leading B2B e-commerce platform, today announced the newly expanded pitch competition, CoCreate Pitch, which will take place at the company’s annual flagship CoCreate event. The competition will allow global SMEs with product aspirations to compete for a $1 million prize pool. Selected SMEs and entrepreneurs from Pakistan will have the opportunity to participate […]
KARACHI – June 26, 2025: The State Bank of Pakistan (SBP) has reported continued momentum in the country’s digital payments landscape, with significant growth in both transaction volumes and value during the third quarter of FY25. According to the central bank’s latest Quarterly Payment Systems Review, retail digital transactions surged by 12% in volume and […]
The Government of Pakistan and the Asian Development Bank (ADB) on Tuesday signed a $350 million loan agreement to support the “Women Inclusive Finance Sector Development Program (Subprogram-II).” The State Bank of Pakistan also signed a related Project Agreement for the Financial Intermediary Loan (FIL). The loan package includes a $300 million policy-based loan and […]
Karachi – June 24, 2025: Meezan Bank, Pakistan’s Premier Islamic bank, has successfully concluded the second batch of ‘Meezan Justuju – A Quest for Islamic Finance Leaders!’, an educational initiative conducted in collaboration with the IBA Centre for Excellence in Islamic Finance (CEIF). As part of the Bank’s broader CSR commitment, this program is designed to […]
KARACHI: United Bank Limited (UBL) has announced a strategic partnership with CashNow, a leading fintech platform, to introduce a cutting-edge Digital Supply Chain Finance solution. The agreement was formally signed at UBL’s Head Office in Karachi, marking a significant milestone in the bank’s digital transformation journey. Through this collaboration, UBL will empower its customers with […]
KARACHI: June 2025 — The State Bank of Pakistan (SBP) has announced a major technological shift in how government securities are traded and auctioned. In a recent circular, the central bank confirmed that all auctions of Market Treasury Bills (MTBs) and Pakistan Investment Bonds (PIBs), including buyback auctions, will now be conducted through the upgraded […]
Karachi, Pakistan – June 24, 2025 — The National Bank of Pakistan (NBP) has rolled out a new financing initiative aimed at supporting the growth and sustainability of Small and Medium Enterprises (SMEs), with a special focus on flour mills operating across the country. As part of its broader mission to promote financial inclusion and […]