Islamabad, Pakistan – Standard Chartered Bank Pakistan and the International Finance Corporation (IFC) are set to enhance their unfunded Risk-Participation Programme (RPP) to $400 million, significantly increasing access to trade finance for businesses across Pakistan. Building on the success of the existing $200 million equivalent programme, the expansion aims to support short-term trade and working […]
Karachi, Pakistan – Bank Alfalah, one of Pakistan’s leading financial institutions, has strengthened its commitment to financial inclusion by increasing its investment in Qist Bazaar, the country’s rapidly growing buy-now-pay-later (BNPL) platform. This move aims to facilitate essential purchases for individuals through minimal and easy instalments. As part of its latest funding round, Bank Alfalah […]
Islamabad – The Securities and Exchange Commission of Pakistan (SECP) has granted a license to Tamkeen Securities (Pvt) Ltd, making it the country’s first fully digital, online-only securities broker. This milestone marks a significant step in modernizing Pakistan’s capital markets, enhancing accessibility, and democratizing investment opportunities for retail and institutional investors nationwide. According to an official […]
Karachi, Pakistan – Behtari Capital has proudly announced a strategic partnership with Faysal Funds, opening doors to seamless investment opportunities for users. This collaboration empowers individuals to invest in Faysal Funds directly through the Behtari App, ensuring a smooth and user-friendly experience for wealth growth from the comfort of their homes. With just a few […]
Jan 16, 2025, Karachi, Pakistan – InfraZamin Pakistan (IZP), has successfully issued its first short-term guarantee of PKR 600m against a PKR 800m Trade Finance Facility by HABIBMETRO for Jaffer Business Systems. The groundbreaking facility will support Jaffer Business Systems (JBS), an established technology and business solutions provider, to expand its business in digital and […]
Karachi: The United Nations Development Programme (UNDP), in collaboration with Unilever Pakistan and Seed Ventures, has launched the 2nd Life Pakistan 2.0 initiative, a groundbreaking effort to innovate waste management solutions in Pakistan. Building on the success of its first edition, 2nd Life Pakistan 2.0 expands its focus beyond plastics to include food waste, e-waste, […]
ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has uncovered another illegal deposit-taking and investment scheme operating under the names of Summit 4X Trade and Summit AH Experts. According to the SECP, the scheme’s sponsors, Abdul Hai and Summer Abbas, are primarily targeting residents of Layyah district through branch offices, WhatsApp, and phone calls. […]
Islamabad – VEON Group has announced a transformative $15 million investment into Mobilink Bank, marking the first major foreign direct investment (FDI) in Pakistan in 2025. The funding aims to advance digital financial solutions, promote financial inclusion, and foster a cashless economy in the country. Aamir Ibrahim, Chairman of Mobilink Bank and CEO of Jazz, […]
Islamabad – January 02, 2025: Global digital operator VEON Group reaffirms its confidence in the growth potential of Pakistan’s microfinance sector and Mobilink Bank by investing USD 15 million in fresh capital to drive the bank’s strategic ambitions. The capital injection will empower Mobilink Bank to expand its offerings in Micro, Small, and Medium Enterprise […]
ISLAMABAD, Dec 22: Daewoo Pakistan Express Bus Service Limited (Daewoo Express) has signed a landmark agreement with a consortium of Development Financial Institutions (DFIs), led by Saudi-Pak Industrial and Agricultural Investment Company Limited, to secure a 5-year lease financing facility worth Rs 2,000 million. The funding will facilitate the procurement of Electric Vehicles (EV) and […]