Islamabad – June 3, 2025: In a landmark development poised to propel Pakistan’s digital transformation, the Pakistan Software Houses Association for IT & ITES (P@SHA) has signed a strategic Memorandum of Understanding (MoU) with the Asian Development Bank (ADB). This pioneering collaboration marks the first formal partnership between the two institutions, laying the groundwork for […]
Karachi – June 2, 2025: The National Bank of Pakistan (NBP) has officially closed its branches in New York and Paris as part of its ongoing global restructuring strategy aimed at reducing low-yielding international operations, according to the bank’s recently released annual report. The closure of NBP’s Paris branch marks the end of nearly five […]
HBL issued the largest payout of over PKR 10 million under the Area Yield Index Insurance (AYII) program, benefiting farmers in Balochistan and Sindh. This innovative insurance solution is designed to support farmers by providing financial protection against yield losses due to adverse climatic conditions and other agricultural risks. The AYII program offers extensive coverage […]
The International Monetary Fund (IMF) and Pakistan are nearing an agreement to reduce income tax rates for the salaried class in the 2025-26 budget. During intense talks between the IMF and the Federal Board of Revenue (FBR) on Friday night, the Fund granted broad approval to lower tax rates across several income slabs for salaried […]
Karachi, Pakistan – In a groundbreaking move to promote financial inclusion and expand digital accessibility, Samsung Pakistan has launched a Buy Now Pay Later – Cash Instalments service on its official eStore, samsung.com/pk, in partnership with Qist Bazaar. This initiative marks the first time in Pakistan that a cash-based instalment payment option is being offered […]
Karachi, Pakistan – [30th May 2025] — Neem, Pakistan’s leading embedded finance platform, is deepening its footprint in the insurance sector with a new strategic partnership with TPL Life, a digital-first insurance leader serving over 1 million + customers across Pakistan. This collaboration follows Neem’s recently announced partnership with EFU Life and signals the company’s […]
Digitt Plus is pleased to announce a strategic partnership with TPL Insurance, aimed at enhancing the financial security of their customers through innovative, integrated micro-insurance solutions. This collaboration is designed to offer effortless and contextual protection for essential assets such as motorcycles and smartphones, tailored to the everyday needs of Digitt Plus’s users, including farmers […]
The Board of Directors of Bank Alfalah Limited (BAFL), one of the largest commercial banks in Pakistan, has approved the sale of its Bangladesh operations to Bank Asia Limited, a private-sector commercial bank based in Dhaka. BAFL disclosed the development in its notice to the Pakistan Stock Exchange (PSX) on Thursday. “We are pleased to […]
Federal Minister for Finance, Senator Muhammad Aurangzeb, chaired a high-level meeting today at the Finance Division focused on advancing Pakistan’s transition toward a digital and less cash-dependent economy. The session brought together key stakeholders from the financial sector, including commercial banks, development finance institutions (DFIs), regulators, and investment experts. The participants, forming the core of […]
Pakistan Telecommunication Company Limited (PTCL) Group, comprising PTCL and Ufone 4G, has announced a strategic partnership with NETS International to modernize its IT Core Routing Platforms through the deployment of a state-of-the-art Cisco IT Core Routing Solution. This initiative reflects the Group’s ongoing commitment to delivering high-quality IT services by utilizing the latest advancements in […]