Karachi, Pakistan – In a significant step towards enhancing its digital ecosystem, LOLC Microfinance Bank has announced a strategic partnership with Covalent Global. This collaboration aims to introduce an advanced Card Management System along with robust Middleware Services, paving the way for seamless digital enablement for LOLC’s customers. The partnership is set to revolutionize LOLC’s […]
KARACHI, September 25, 2024 – Faysal Bank Limited (FBL) has announced a strategic partnership with the International Finance Corporation (IFC), a member of the World Bank Group, under IFC’s Global Trade Finance Program (GTFP). This collaboration marks a significant step forward in enhancing FBL’s trade finance capabilities, as both institutions explore the establishment of a […]
Dubai, UAE: Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has announced the launch of its Islamic Account, becoming the first global crypto exchange to offer a Shariah-compliant trading solution. This innovative move marks a significant milestone in the crypto industry, opening new opportunities for Muslim traders worldwide to engage in digital assets while […]
Karachi: The National Bank of Pakistan (NBP) has introduced a new service, “NBP Cash N Gold,” designed to offer customers fast and convenient access to loans by leveraging the value of their gold assets. This innovative service enables individuals to borrow up to 70% of the assessed value of their gold, providing an efficient solution […]
Karachi, Pakistan – September 2024: In a groundbreaking move toward sustainability, Jubilee Life Insurance, Pakistan’s largest private sector insurance company, has announced a strategic partnership with Spectreco to spearhead its transition to Net Zero. This collaboration marks a significant milestone, not only in Pakistan’s insurance sector but on the global stage, as Jubilee Life leads […]
In a significant move aimed at stabilizing the open market, the State Bank of Pakistan (SBP) has extended the permission granted to exchange companies to import US dollars until June 30, 2025. This extension follows the earlier directive that was set to expire in June 2024. The central bank referred to its prior instructions outlined […]
Lahore-19-September-2024: Samsung is excited to announce its collaboration with Simpaisa by launching the Digital Wallets payment option on Samsung’s official eStore for Pakistan, www.samsung.com/pk. This marks a significant step towards the enhancement of the online shopping experience for Samsung customers in Pakistan. Over the past years, Samsung has made substantial investments in its eStore by […]
Karachi – September 20, 2024: TPL Corp Limited (TPL), a leading Pakistani financial platform, and Abhi (Private) Limited (Abhi) have signed a Share Purchase Agreement (SPA) with FINCA Microfinance Coöperatief U.A. to jointly acquire FINCA Microfinance Bank Limited. The development marks a significant milestone in Pakistan’s financial sector, with the announcement shared via a notice […]
ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has announced a strategic initiative aimed at developing a robust Islamic finance ecosystem within the country’s securities and futures markets. This significant move, outlined in a report issued on Wednesday, is focused on addressing the growing need for standardization, harmonization, and governance of Shariah practices within […]
Amir Khan, President & CEO of HBL Microfinance Bank LTD., has been elected as the new Chairman of the Pakistan Microfinance Network (PMN). Bringing with him over 32 years of diverse experience in consumer and commercial banking, Mr. Khan is set to lead PMN towards further growth and innovation in the microfinance sector. Since 2012, […]