Islamabad, Pakistan – In a historic milestone for Pakistan’s sustainability-driven financial sector, Parwaaz Financial Services Limited (PFSL), a subsidiary of Karandaaz Pakistan, has launched the country’s first PKR-denominated Green Bond under the Parwaaz Green Action Bond initiative. The bond, valued at Rs. 1 billion, is also the first Green Bond to be listed on the […]
Karachi, 20th March, 2025: Meezan Bank, Pakistan’s leading Islamic bank and NED University of Engineering and Technology have signed a landmark Memorandum of Understanding (MoU) to establish the Centre for Islamic Finance and FinTech (CIFFT) at NED University. The MoU was signed by Syed Amir Ali, Deputy CEO – Meezan Bank and Dr. Sarosh Hashmat Lodi, […]
Jazz is at the forefront of Pakistan’s digital transformation, accelerating its shift to a digital-first ServiceCo while fueling financial inclusion and digital adoption at scale. With a record PKR 53.9 billion investment in 2024—a 46.2% year-on-year (YoY) increase—Jazz is redefining how Pakistanis connect, transact, and engage in an increasingly digital economy. In 4Q24, Jazz recorded […]
The State Bank of Pakistan (SBP) has granted an In-Principle Approval (IPA) to PaySa to operate as an Electronic Money Institution (EMI) in Pakistan, marking a major step towards advancing the country’s digital payments ecosystem. Historically, The Central Bank has granted similar approvals to companies for specific use cases of consumer and merchant wallets. However, […]
KARACHI: March 6, 2025 – The Board of Directors of easypaisa Digital Bank (formerly Telenor Microfinance Bank Limited) has approved the audited financial statements for the year ending December 31, 2024, reflecting robust growth and record profitability. easypaisa Digital Bank reported a pre-tax profit (PBT) of Rs 4.7 billion in 2024, marking a 3.8x increase […]
Manila, Philippines, March 13, 2025—IFC, a member of the World Bank Group, has appointed Amena Arif as its new Country Manager for the Philippines. In her new role, Amena will focus on mobilizing private sector investments to support job creation, reduce the impacts of climate change, and promote financial inclusion. A Pakistani national, Amena joined […]
Islamabad, March 11, 2025 – Pakistan Telecommunication Company Limited (PTCL) has announced the appointment of Zarrar Hasham Khan as its new chairman, replacing Azfar Manzoor. The company disclosed the development in a notice to the Pakistan Stock Exchange (PSX) on Tuesday. “We have to inform you that Zarrar Hasham Khan has been appointed as chairman […]
Digitt+, a leading Electronic Money Institute, has partnered with Barq Pk to embed financial payments into their app via open APIs. Under this collaboration, Barq Fintech Pvt Limited (formerly MYTM Pvt Ltd Pakistan) will leverage Digitt+’s open API-driven infrastructure to offer seamless financial transactions to Barq’s users in Pakistan. The agreement was signed in Riyadh, […]
KARACHI: March 3, 2025 – Syngenta Pakistan has announced the appointment of Syed Mohammad Ali Murtaza as the Head of Corporate Affairs & Sustainability, effective March 3, 2025. Ali brings extensive experience in corporate and regulatory affairs, with a career spanning the petrochemical, digital financial services, and telecom sectors. Prior to joining Syngenta Pakistan, he […]
KARACHI: February 2025 — The State Bank of Pakistan (SBP) has granted Wemsol Private Limited a license to commence commercial operations as an Electronic Money Institution (EMI). Under this license, Wemsol will offer e-money wallet and payment gateway services to consumers and merchants across Pakistan. The company initially received in-principle approval from SBP in September […]