Dubai, UAE – October 2024: JazzCash, the fintech arm of Pakistan’s leading digital operator Jazz, a VEON Group company, has been recognized with the prestigious ‘Pioneering Telco to Launch Tap on Phone’ award at the Mastercard Payment Leaders Awards. The award ceremony took place during the Mastercard EDGE 2024 event in Dubai. This accolade highlights […]
Meezan Bank Limited (PSX: MEBL) reported strong financial results for the nine months ending September 30, 2024 (9MCY24), with earnings reaching Rs. 78.3 billion, marking an impressive 34% year-on-year (YoY) growth. The rise in profitability was driven by a significant increase in total income, as highlighted by Arif Habib Limited. For the third quarter of […]
Dubai, UAE – October 18, 2024: Pakistan’s IT industry made a remarkable impact at GITEX Global 2024 in Dubai, where the country was honored as the “Tech Destination of the Year.” This recognition highlighted Pakistan’s rapidly growing influence in the global tech ecosystem, as over 200 companies, startups, and industry experts from the country participated […]
Islamabad, October 2024 – In a landmark development for Pakistan’s financial sector, the State Bank of Pakistan (SBP) has announced the successful integration of its Raast payment system with the Arab Monetary Fund’s (AMF) Buna cross-border payment platform. This historic collaboration allows for real-time, secure, and cost-effective payments between Pakistan and the Arab region, significantly […]
Islamabad – The National Database and Registration Authority (NADRA) has taken a major leap in its service delivery by signing an agreement with the Bank of Punjab (BOP) to facilitate digital payments for its services. The partnership marks a significant step towards streamlining and modernizing payment processes for NADRA’s vast array of public services. Under […]
Islamabad, October 18, 2024 – The State Bank of Pakistan (SBP) announced on Thursday that Raast, the country’s first instant payment system, has successfully processed 892 million transactions amounting to a total of Rs. 20 trillion. In an official statement, the central bank highlighted the rapid growth of Raast, noting that the most recent Rs. […]
ISLAMABAD: The State Bank of Pakistan (SBP) has forecasted real GDP growth of 2.5-3.5% for the fiscal year 2025, slightly below the government’s target of 3.6%, according to its Annual Report for 2023-2024, released on Thursday. In the report, titled The State of Pakistan’s Economy, the SBP highlighted that Pakistan’s macroeconomic conditions showed significant improvement […]
Karachi, Pakistan – 17 October 2024: Pakistan Kuwait Investment Company (Pvt) Limited (PKIC), the largest development financial institution in Pakistan, has signed an agreement with Systems Limited to implement the cutting-edge Temenos Core Banking platform. This strategic collaboration is set to elevate PKIC’s operational capabilities and enhance its comprehensive product portfolio, marking a significant milestone […]
KARACHI, October 17, 2024 – Bank Alfalah Limited’s Board of Directors, in a meeting held today, approved the financial results for the nine-month period ending September 30, 2024, reflecting a strong performance across key metrics. The bank posted a profit after tax (PAT) of PKR 33.643 billion, marking a significant improvement of 23.5% compared to […]
KARACHI: The State Bank of Pakistan (SBP) will celebrate Women Entrepreneurship Day (WED) on November 19, 2024, with an event aimed at recognizing and promoting the vital role of women entrepreneurs in the country’s economy. The event will be inaugurated by SBP Governor Jameel Ahmad at the SBP headquarters and will gather top officials from […]