Karachi, Pakistan – KT Bank Pakistan Limited (under formation) has announced a strategic partnership with Sofcom Pvt Ltd, a leading provider of Payroll and Human Resource Management solutions. This collaboration aims to enhance KT Bank’s operational efficiency by streamlining payroll processes, ensuring regulatory compliance, and allowing the bank to prioritize its core banking functions. The […]
Dubai, UAE; 16 Dec 2024: Mastercard has joined forces with the Bank of Punjab (BOP) as an exclusive partner to enhance the bank’s proposition across consumer debit and credit, affluent portfolio and loyalty offerings. The collaboration seeks to transform the bank’s digital ecosystem and its customers’ digital experience. Customers of BOP’s priority banking program KHAAS will […]
Zindigi, powered by JS Bank, has announced a transformative partnership with Islamic Relief Pakistan to revolutionize the delivery of humanitarian aid through advanced digital solutions across Pakistan. This initiative aims to streamline disbursement processes, ensuring transparency and efficiency for beneficiaries in four provinces, 40 cities, the federal capital, and Azad Kashmir. The collaboration enhances the […]
Karachi, Pakistan – Neem has announced a strategic partnership with 1LINK (Pvt) Limited, Pakistan’s largest switch and payment network provider, to deliver faster, more secure, and efficient payment solutions for its users. This collaboration marks a significant milestone for Neem in its mission to simplify money movement and support the financial wellness of businesses across […]
Karachi, December 13, 2024 – Federal Minister for Finance and Revenue, Muhammad Aurangzeb, emphasized the pivotal role of Islamic finance and capital markets in steering Pakistan towards macroeconomic stability and sustainable growth. Speaking virtually at the inaugural session of the Second International Islamic Capital Markets Conference & Expo in Karachi, Aurangzeb highlighted Pakistan’s recent economic […]
PayFast delighted to introduce Mahwish Saad Khan as their Chief Business Officer (CBO). With an impressive track record spanning both banking and fintech, Mahwish will lead PayFast in transforming the digital payments landscape in Pakistan. As a licensed payment service provider (PSP) and Merchant service provider (MSP) by the State Bank of Pakistan (SBP) for […]
MCB Bank Limited (PSX: MCB) has announced the appointment of Muhammad Nauman Chughtai as its new President and Chief Executive Officer. The decision was approved by the bank’s Board of Directors during a meeting held on December 11, 2024, according to a notice issued to the Pakistan Stock Exchange (PSX). Muhammad Nauman Chughtai’s appointment will […]
Karachi, Pakistan – November 2024 – Systems Limited, a global system integrator and services provider, proudly announces a landmark agreement with the State Bank of Pakistan (SBP) to upgrade and modernize its Core banking platform to the latest Temenos core banking software and implementation of best-in-class Temenos Payment Hub to modernize the Payment Infrastructure of the Central Bank. […]
LAHORE: The Punjab Information Technology Board (PITB) has joined forces with the Punjab Cooperative Housing Society (PCHS) to implement its innovative PayZen initiative, aiming to digitize and optimize payment processes within the society. The agreement, signed on Tuesday, establishes PayZen as the primary platform for all types of payments within PCHS, promising enhanced efficiency, transparency, […]
ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has approved its Strategic Action Plan 2024-2026, aimed at advancing Islamic finance across all non-bank financial sectors under its regulatory ambit. The plan, developed in collaboration with key stakeholders, seeks to enable Islamic finance across regulated sectors by December 2026 and pave the way for a […]