Lahore: March 25, 2025 – MCB Bank Limited has announced a strategic partnership with Fauree Tech Pvt. Ltd., a fintech company specializing in digital supply chain finance solutions. This collaboration will expand MCB Bank’s portfolio of digital financing products, aimed at facilitating access to finance for small and medium-sized enterprises (SMEs) across Pakistan. The partnership was […]
ISLAMABAD: Sultan Ali Allana, a prominent banker and philanthropist, has been awarded the prestigious Nishan-e-Khidmat, one of Pakistan’s highest civilian honors, in recognition of his outstanding contributions to public service. The award was conferred during a special investiture ceremony held on Pakistan Day, following its approval by President Asif Ali Zardari on August 14, 2024, […]
Islamabad – In a landmark recognition of his contributions to Pakistan’s digital and financial landscape, Aamir Hafeez Ibrahim, CEO of Jazz and Chairman of Mobilink Bank, has been conferred with the Hilal-e-Imtiaz, one of the nation’s highest civilian honors, by the President of Pakistan. The award acknowledges Aamir’s visionary leadership in advancing digital inclusion, financial […]
Islamabad, Pakistan – In a historic milestone for Pakistan’s sustainability-driven financial sector, Parwaaz Financial Services Limited (PFSL), a subsidiary of Karandaaz Pakistan, has launched the country’s first PKR-denominated Green Bond under the Parwaaz Green Action Bond initiative. The bond, valued at Rs. 1 billion, is also the first Green Bond to be listed on the […]
Islamabad, Pakistan – September 24, 2024: HBL Zarai Services Limited (HZSL) and Zarai Taraqiati Bank Limited (ZTBL) have signed a Memorandum of Understanding (MoU) to enhance financial inclusion and provide modern agricultural services to farmers across Pakistan. This strategic collaboration aims to deliver innovative financial solutions, mechanization support, and expert advisory services to improve farm […]
Karachi, 20th March, 2025: Meezan Bank, Pakistan’s leading Islamic bank and NED University of Engineering and Technology have signed a landmark Memorandum of Understanding (MoU) to establish the Centre for Islamic Finance and FinTech (CIFFT) at NED University. The MoU was signed by Syed Amir Ali, Deputy CEO – Meezan Bank and Dr. Sarosh Hashmat Lodi, […]
Jazz is at the forefront of Pakistan’s digital transformation, accelerating its shift to a digital-first ServiceCo while fueling financial inclusion and digital adoption at scale. With a record PKR 53.9 billion investment in 2024—a 46.2% year-on-year (YoY) increase—Jazz is redefining how Pakistanis connect, transact, and engage in an increasingly digital economy. In 4Q24, Jazz recorded […]
WASHINGTON, March 18, 2025—The World Bank’s Board of Directors today approved $102 million in financing for the Resilient and Accessible Microfinance (RAM) Project, which aims to enhance access to microcredit and support the resilience of the microfinance sector and its borrowers, particularly in the face of climate-related shocks. “Microfinance is a critical tool for supporting the […]
Islamabad, Pakistan – Fauji Fertilizer Company (FFC) has partnered with four leading banks to offer clean financing of up to Rs. 500,000 for farmers registered with its Sona Centers. This initiative aims to promote financial inclusion and support agricultural growth across Pakistan. The signing ceremony, held at Serena Hotel, Islamabad, was attended by prominent industry […]
The State Bank of Pakistan (SBP) has granted an In-Principle Approval (IPA) to PaySa to operate as an Electronic Money Institution (EMI) in Pakistan, marking a major step towards advancing the country’s digital payments ecosystem. Historically, The Central Bank has granted similar approvals to companies for specific use cases of consumer and merchant wallets. However, […]