DigiTrends, a leading player in digital transformation, has obtained its official company registration in KSA and is joining the ranks of pioneering companies in the Kingdom. This milestone was marked in the esteemed presence of Pakistani Ambassador Mr. Ahmad Farooq, First Secretary Mr. Shafiq Ahmed, and key members of the DigiTrends leadership team—CEO Samad Saleem, […]
Karachi, April 14, 2025 — The Pakistan Stock Exchange (PSX) proudly launched Pakistan Financial Literacy Week 2025 (PFLW 2025) with a symbolic Gong Ceremony at the PSX Trading Hall, marking the beginning of a nationwide campaign to promote financial literacy and inclusion. Organized in collaboration with the State Bank of Pakistan (SBP), Securities and Exchange […]
KARACHI – April 14, 2025: Pakistan received a record-high $4.1 billion in workers’ remittances during March 2025, according to State Bank of Pakistan (SBP) Governor Jameel Ahmad. The figure marks the highest-ever monthly inflow in the country’s history. Speaking at the Pakistan Stock Exchange (PSX) on Monday to kick off Financial Literacy Week, Governor Ahmad […]
Despite policy rate volatility and economic challenges, Pakistan’s banking sector concluded 2024 with impressive profitability and asset growth. Overall bank profits crossed Rs. 600 billion, while tax contributions exceeded Rs. 650 billion, reflecting the sector’s robust fiscal impact. Throughout the year, higher deposit rates attracted extraordinary inflows of funds, albeit triggering increased tax liabilities due […]
KARACHI: Lucky Investments Limited has made history by executing the largest-ever mutual fund launch witnessed in Pakistan. The newly established asset management company has raised Rs50 billion during the Initial Public Offering (IPO) of its Lucky Islamic Money Market Fund, shattering all previous subscription records. This landmark achievement marks an extraordinary milestone in the country’s […]
Karachi, Pakistan — In a major development for Pakistan’s financial sector, Bank Alfalah, one of the country’s leading commercial banks, has announced a strategic collaboration with Swift to introduce Payment Pre-validation, a groundbreaking solution aimed at improving the speed, accuracy, and security of cross-border payments. Through this partnership, Bank Alfalah—via the national payment switch 1LINK—will enable […]
LAHORE: The Federation of Pakistan Chambers of Commerce & Industry Businessmen Panel (BMP) has said that unreliable internet and digital payment barriers have slowed down the growth of the small and medium-sized enterprises (SMEs), as they have been facing serious challenges in their attempt to tap growing global market. The FPCCI former president and BMP […]
KARACHI – Hatton National Bank (HNB) of Sri Lanka has officially withdrawn from its proposed acquisition of Bank Alfalah’s operations in Bangladesh, according to a notification shared by Bank Alfalah Limited (BAFL) with the Pakistan Stock Exchange (PSX). HNB had initially submitted a non-binding offer last year to acquire the Bangladesh-based operations of BAFL. The […]
KARACHI: United Bank Limited (PSX: UBL) has witnessed a remarkable surge in market capitalization, reaching a record Rs. 600 billion (approximately US$ 2.1 billion), up from just Rs. 100 billion two years ago. The milestone was highlighted by Topline Securities CEO Mohammed Sohail, who noted that UBL has now surpassed the combined market value of two […]
Neem, Pakistan’s leading embedded finance platform, has partnered with the Bank of Punjab (BOP)(BOP), a prominent financial institution recognised for its focus on customer-centric innovation and financial inclusion. Through this collaboration, Neem will utilise BOP’s comprehensive branchless banking infrastructure to deliver embedded payment solutions, including collections, disbursements, and future card programs. This partnership enhances Neem’s […]