August 27, 2024 – Karachi: The Pakistan Fintech Network (PFN) has proudly announced the signing of a Memorandum of Understanding (MOU) with Sunshine Technologies, marking the beginning of a groundbreaking partnership aimed at driving innovation in the financial technology sector. This strategic collaboration is poised to reshape the fintech landscape in Pakistan, fostering new opportunities […]
Pakistan, Karachi – 26 August 2024: Habib Bank Limited (HBL) has announced robust financial results for the first half of 2024, reporting a consolidated profit before tax of Rs 57.8 billion, marking a 12% increase over the same period last year. The bank’s profit after tax rose by 10% year-on-year to Rs 29.1 billion, with […]
The Punjab Provincial Cooperative Bank Limited (PPCBL) is proud to announce a transformative partnership with BOPBiz, signaling a significant step towards digitalization. This strategic alliance is set to strengthen the future prospects of PPCBL by harnessing the power of technology and innovation. The partnership was officially marked by a ceremony attended by Saleem Tahir, President/CEO […]
Meezan Bank, Pakistan’s leading Islamic bank, has entered into a strategic partnership with Mastercard, a global leader in payment technology, aimed at boosting debit card usage and enhancing payment solutions across the country. The collaboration is set to further strengthen the digital payments ecosystem, offering customers more secure, convenient, and innovative financial services. The signing […]
Islamabad, August 22, 2024 – In a historic milestone for Pakistan’s technology sector, the National Incubation Center for Aerospace Technologies (NICAT) partnered with Meta, the Ministry of IT and Telecom Pakistan, and Ignite – National Technology Fund to host the first-ever Meta Llama Pitchathon in the Asia-Pacific region. The event, which began on July 19, […]
Karachi, Pakistan – The State Bank of Pakistan (SBP) has announced the selection of Avanza Solutions as its strategic technology partner through a rigorous bidding process. This collaboration aims to enhance SBP’s operational efficiency and modernize its technological infrastructure, reinforcing the central bank’s commitment to delivering robust financial services. Avanza Solutions, a recognized leader in […]
Islamabad, August 22, 2024 — Pakistan has taken a significant leap towards integrating into the Arab-world payments ecosystem with the launch of the Buna-Raast Connectivity Project’s Implementation Phase. Prime Minister Mian Muhammad Shehbaz Sharif inaugurated the project, which will link Raast, Pakistan’s instant payment system, with Buna, the Arab Monetary Fund’s cross-border payment system. This […]
Islamabad: The State Bank of Pakistan (SBP) has announced plans to introduce a new series of currency notes, ranging from Rs 10 to Rs 5,000, by the end of December 2024. The announcement was made by SBP Governor Jameel Ahmed during a briefing to the Senate Standing Committee on Finance. Governor Ahmed informed the committee, […]
Karachi, — Allied Bank Limited (PSX: ABL) has reported its highest-ever quarterly profit after tax, posting earnings of Rs. 12.5 billion for the second quarter of the calendar year 2024 (2QCY24). This represents a 25 percent year-on-year (YoY) increase and a 7 percent quarter-on-quarter (QoQ) rise, according to data released today. The record earnings for […]
Lahore, August 21, 2024 – In a significant move towards advancing the digitization of local government services, Zindigi—Powered by JS Bank—signed a series of Memorandums of Understanding (MOUs) with Waste Management Companies across Punjab today. The landmark event was held in Lahore, with Punjab Minister for Local Government, Zeeshan Rafiq, serving as the chief guest. […]