October 11, 2024
Headlines

Investing

Bank of Punjab and AFD Partners to Strengthen Pakistan’s Climate Resilience with $54 Million Green Financing Initiatives – Fintech News Pakistan

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In a pivotal move to address Pakistan’s growing structural challenges—ranging from climate hazards to energy shortages—the Bank of Punjab (BoP) and Agence Française de Développement (AFD) have announced a transformative partnership. This initiative is set to bolster Pakistan’s climate finance strategy and support its commitment to reducing emissions by 50% by 2030. Ranked as the…

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PTCL and IFC-Led Consortium Secure Historic $400 Million Financing Deal for Acquisition of Telenor Pakistan – Fintech News Pakistan

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KARACHI, September 2024 — Pakistan Telecommunication Company Limited (PTCL) and the International Finance Corporation (IFC)-led consortium celebrated a landmark financing agreement to facilitate PTCL’s acquisition of Telenor Pakistan and Orion Towers (Private) Limited. The acquisition, valued at Rs 108 billion, is subject to regulatory approvals and marks a pivotal moment in Pakistan’s telecom sector. PTCL…

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easypaisa Partners with KTrade to Bring Digital Stock Trading to Customers – Fintech News Pakistan

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In a major step towards fostering financial inclusion and digitization in Pakistan, easypaisa has announced a strategic partnership with KTrade, a leading stock trading platform. This collaboration will enable easypaisa users to seamlessly participate in digital stock trading directly through the easypaisa app. By integrating KTrade’s user-friendly platform into the app, easypaisa is empowering its…

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ZLK Islamic Financial Services and Dubai Islamic Bank Pakistan Partner to Expand Shariah-Compliant Investment Opportunities – Fintech News Pakistan

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Karachi, — In a landmark collaboration, ZLK Islamic Financial Services, Pakistan’s premier Shariah-compliant brokerage firm, has partnered with Dubai Islamic Bank Pakistan Limited (DIBPL), a subsidiary of the world’s first Islamic bank, Dubai Islamic Bank UAE. The partnership was formalized through a Memorandum of Understanding (MOU) signed by Mr. Junaid Ahmed, CEO of DIBPL, and…

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New Energy Nexus Partners with Renewables First to Propel Pakistan’s Cleantech Sector – Fintech News Pakistan

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Islamabad, — New Energy Nexus, a global organization committed to advancing clean energy, has announced a strategic partnership with Renewables First, Pakistan’s premier think tank for energy and environmental issues. The partnership was unveiled at the Pakistan Cleantech Forum in Islamabad and is set to drive economic growth, job creation, and international investment in Pakistan’s…

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VEON’s Jazz Secures Pakistan’s Largest Long-Term Private Sector Syndicated Credit Facility of up to PKR 75 billion leading by BOP – Fintech News Pakistan

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Jazz Secures Pakistan’s Largest Long-Term Private Sector Syndicated Credit Facility of PKR 75 Billion Amsterdam and Karachi, 22 July 2024 – VEON Ltd. (NASDAQ, Euronext Amsterdam: VEON), a global digital operator, proudly announces that Jazz, its leading digital operator in Pakistan, has secured the country’s largest long-term private sector syndicated credit facility, amounting to PKR…

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SBP Appoints 9 Banks As Primary Dealers For Investing in Govt. Securities for 2024-25 – Fintech News Pakistan

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SBP Appoints Primary Dealers for Government Securities for 2024-25 The State Bank of Pakistan (SBP) has announced the appointment of nine banks and one financial institution as Primary Dealers (PDs) for the investment in Government Securities, including Medium Term Bills (MTBs) and Pakistan Investment Bonds (PIBs) for the fiscal year 2024-25. Following a rigorous evaluation…

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NUST Partners with Zayn Capital VC to Boost Innovation at Pakistan’s First National Science & Technology Park (NSTP) – Fintech News Pakistan

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NUST Partners with Zayn Capital to Boost Innovation at Pakistan’s First S&T Park Islamabad, June 3, 2024 — The National University of Sciences & Technology (NUST) has announced a strategic partnership with Zayn Capital VC , appointing them as the Resident Venture Capitalist at Pakistan’s inaugural Science and Technology Park. This collaboration is set to…

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Pakistan Stock Exchange (PSX) Marks Listing of Mahaana Islamic Index ETF – Fintech News Pakistan

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Headline: Pakistan Stock Exchange Celebrates Listing of Mahaana Islamic Index ETF In a vibrant ceremony hosted at the Pakistan Stock Exchange (PSX), the listing of the Mahaana Islamic Index Exchange Traded Fund (MIIETF) was celebrated with notable dignitaries in attendance. Among the distinguished guests were Mr. Akif Saeed, Chairman of the Securities and Exchange Commission…

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Farrukh Sabzwari Elected as Chairman of the Central Depository Company of Pakistan Limited (CDC) – Fintech News Pakistan

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In a significant development for Pakistan’s financial sector, Mr. Farrukh Sabzwari has been elected as the Chairman of the Central Depository Company of Pakistan Limited (CDC). With over 25 years of distinguished experience in investment banking, both domestically and internationally, Mr. Sabzwari brings a wealth of expertise to his new role. Prior to his appointment…

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