Islamabad – The Senate of Pakistan is set to deliberate on the Virtual Assets Bill 2025, introduced as a private member’s bill by Senator Dr. Afnan Ullah Khan. The proposed legislation aims to regulate virtual assets, including cryptocurrencies and blockchain-based technologies, while also paving the way for the introduction of a Digital Rupee backed by […]
KARACHI: Faysal Bank Limited (FBL) has achieved a remarkable milestone by securing 14 awards at the prestigious Global Diversity, Equity & Inclusion Benchmark (GDEIB) Awards 2025. This achievement underscores the Bank’s leadership in Diversity, Equity, and Inclusion (DEI) initiatives in Pakistan. The awards include 10 in the ‘Best Practice’ category and four in the ‘Progressive’ […]
Karachi, Pakistan — Shareholders of the National Bank of Pakistan (PSX: NBP) have approved a Scheme of Arrangement to demerge a specified portion of SME Bank’s lending portfolio, transferring it to NBP. According to a filing submitted to the Pakistan Stock Exchange (PSX), the plan has been structured under Sections 279-283 and 285(8) of the […]
ISLAMABAD: Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, has emphasized that the revival of the Export and Import (EXIM) Bank is a top priority for the government, citing its critical role in fostering export-led economic growth. Briefing the Senate Standing Committee on Finance on Monday, the minister underscored the bank’s potential to enhance […]
Karachi – Symmetry Group Limited (SYM), a leading digital technology company based in Pakistan, has announced a strategic partnership with Aleph Holdings, a prominent Dubai-based technology firm. The development was disclosed in a notice to the Pakistan Stock Exchange (PSX) on Monday, with Symmetry expressing optimism about generating approximately $5 million in additional business during […]
Islamabad (Dec 18, 2024): The Asian Development Bank (ADB) and the Securities and Exchange Commission of Pakistan (SECP) jointly hosted a two-day Training of Trainers (ToT) workshop on December 17-18, 2024, aimed at enhancing gender diversity within Non-Banking Microfinance Companies (NBMFCs). The workshop was attended by representatives from all SECP-regulated NBMFCs and focused on promoting […]
Karachi: The Board of Directors (BoD) of Engro Holdings Limited, one of Pakistan’s largest conglomerates, has appointed Abdul Samad Dawood as the Chief Executive Officer (CEO) of the company. The announcement was made via a notice to the Pakistan Stock Exchange (PSX) on Monday. The BoD approved the appointment during its meeting on January 3, […]
KARACHI: Mashreq Pakistan has become the first bank in the country to launch pilot operations as a digital retail bank, following the issuance of a restricted license from the State Bank of Pakistan (SBP). As part of the leading MENA-based financial institution Mashreq, Mashreq Pakistan has achieved key milestones since incorporating operations in 2023. These […]
Lahore, Pakistan – January 1, 2025 – In a major step toward enhancing customer convenience and driving digital transformation, Zarai Taraqiati Bank Limited (ZTBL) and Bookme.pk have signed a landmark agreement. The signing ceremony took place at Bookme.pk’s headquarters, located at the National Science & Technology Park (NASTP) on Abid Majeed Road, Lahore. The event […]
Bitcoin surges over 120% and hits $100,000 milestone in 2024. Date: January 1, 2025 Bitcoin more than doubled in 2024 driven by the U.S. markets regulator’s approval for exchange-traded funds tied to its spot price, and optimism over easing regulatory hurdles with Donald Trump set to return to the White House. The world’s largest and […]