Islamabad – September 2025: The Securities and Exchange Commission of Pakistan (SECP) has issued a stern warning to the general public against investing through unlicensed online trading platforms, websites, and mobile applications that promise unrealistically high returns in stock or financial product investments. The regulator has received numerous complaints from licensed securities brokers and individual […]
Lahore, Pakistan — Kashf Foundation is proud to announce a landmark partnership with Habib Bank Limited (HBL), which has extended a Rs. 3.5 billion credit facility to support the growth and sustainability of women-led enterprises across Pakistan. This strategic collaboration aims to provide affordable and accessible credit to thousands of women entrepreneurs, particularly in remote and […]
New program enables issuers to enhance commercial offerings through fully integrated digital solutions. SAN FRANCISCO – Visa (NYSE:V), a global leader in digital payments, announced Visa Commercial Integrated Partners, a new program designed to improve connectivity between fintechs and Visa Commercial products through its commercial platform. Visa will make available advanced APIs to embed Visa products […]
LAHORE: In a landmark move aimed at revolutionizing Pakistan’s agricultural sector, Karandaaz Pakistan has partnered with GrowTech, a leading AgriTech innovator, to enhance digital and financial access for smallholder farmers across Punjab. The collaboration is set to accelerate the adoption of smart agriculture practices and digital financial tools in underserved regions, fostering greater productivity, profitability, […]
ISLAMABAD: Telenor Pakistan launched its next-generation Commission Management System (CMS), aimed at revolutionising how commissions are calculated and disbursed across its retail and franchise network. Powered by SAP and hosted on Google Cloud, the newly deployed CMS is designed to enhance transparency, ensure real-time accuracy, and build stronger relationships with channel partners. The successful implementation […]
UPESI Money Transfer, one of Africa’s leading remittance service providers, has announced the appointment of Mr. Fareed Jillani as Head of Marketing for the Middle East and Europe. This strategic move comes as the company intensifies its efforts to expand its footprint across key international markets. Fareed Jillani is also the CEO of UAE-based Lejion Media, a prominent […]
KARACHI: Standard Chartered has projected that global Islamic finance assets will reach USD7.5 trillion by 2028, up from USD5.5 trillion in 2024, reflecting the expanding relevance of Shariah-compliant finance globally, according to Standard Chartered’s comprehensive report “Islamic Banking for Financial Institutions: Unlocking Growth Amidst Global Shifts.” In 2024, the Islamic finance industry surpassed $5 trillion […]
The State Bank of Pakistan (SBP) has officially introduced the Guidelines for its Regulatory Sandbox (RSB), as part of its Vision 2028 initiative. This platform is designed to allow both new and existing entities, including startups, to test their financial solutions within a controlled regulatory framework. The RSB will follow a cohort-based approach, focusing on […]
The Board of Directors of Samba Bank Limited (SBL) has approved the appointment of Rashid Jahangir as acting president and Chief Executive Officer (CEO) of the bank. His appointment will be effective from May 22, 2025, “till the time permanent president & CEO is appointed in due course,” the bank wrote in a notice to […]
KARACHI – In a major stride toward digital transformation, the National Bank of Pakistan (NBP) has successfully completed a significant upgrade of its core banking technology platform. This strategic initiative underscores NBP’s commitment to innovation, operational efficiency, and world-class customer service. The upgraded platform introduces a suite of enhancements, including faster transaction processing, reduced system […]