Source: Business Recorder KARACHI: Allied Bank, one of Pakistan’s leading commercial institutions, has announced a strategic partnership with Paysys Labs, a pioneer in next-generation payment technologies, to pilot the Interledger Protocol (ILP) for seamless cross-border transactions. As part of this groundbreaking collaboration, Paysys Labs has also secured the prestigious Digital Financial Services Grant from the […]
KARACHI: Standard Chartered Pakistan and Emirates have entered into a strategic partnership by signing a Memorandum of Understanding (MoU). The collaboration offers significant benefits to Standard Chartered Credit Card holders, special fares on tickets purchased online through the Emirates website. Additionally, customers can opt to split their payments into convenient monthly instalments of up to […]
Islamabad, Pakistan — HBL Microfinance Bank (HBL MfB) has announced a strategic partnership with the National Bank of Pakistan (NBP) through the adoption of NBP Smart Pay, a cutting-edge digital payment portal. This collaboration marks a significant step forward in HBL MfB’s ongoing commitment to enhancing digital financial services. The integration of NBP Smart Pay […]
Jazz, Pakistan’s leading digital operator, has announced the successful completion of its strategic infrastructure partnership with Engro Corporation Limited (“Engro Corp”), marking one of the largest private-sector infrastructure transactions in the country’s digital evolution. Under this landmark agreement, Jazz’s telecommunications infrastructure assets—housed under Deodar (Private) Limited—have been vested into Engro Connect, a subsidiary of Engro […]
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 […]