InfraZamin Pakistan and Saudi Pak Industrial and Agricultural Investment Co Ltd signed a landmark transaction to provide an 11.5-year Distributed Solar Financing Facility to Acumen Energy Limited (Acumen) for PKR 1.28 billion. The Facility will be backed by a PKR 1.04bn credit guarantee to Saudi Pak and will mark InfraZamin’s first foray into renewable energy. […]
In a groundbreaking move aimed at fostering a culture of savings and investment, the State Bank of Pakistan (SBP) is set to unveil InvestPak, an innovative platform that will enable individuals and corporations to directly invest in government securities. This initiative is designed to bypass intermediaries such as banks, offering investors the opportunity to earn […]
Karachi, December 6, 2024: Engro Corporation is pleased to announce a strategic partnership with Pakistan Mobile Communications Limited (“Jazz”) and its parent company VEON Group, marking a significant step forward in expanding Pakistan’s digital connectivity. This initiative aims to drive affordable, widespread access to telecommunication services, supporting national efforts to bridge the digital divide. Through a […]
Karachi, Pakistan – November 29, 2024 United Bank Limited (UBL), one of Pakistan’s leading financial institutions, has entered into a strategic partnership with KTrade Securities to make stock investing more accessible and seamless for its customers. This collaboration marks a significant step towards financial empowerment and fostering investment opportunities in the country. The partnership was […]
Karachi, Pakistan — Telenor Microfinance Bank (TMB), the operator of Pakistan’s leading digital financial services platform, easypaisa, has received an equity investment of $10 million from its shareholders, Telenor Group and Ant Group. The investment comes as easypaisa gears up to launch its digital retail banking operations, subject to regulatory approvals, marking a major milestone […]
ISLAMABAD, November 08, 2024 – Senior leaders from VEON Group, joined by executives from Jazz, recently met with Prime Minister Shehbaz Sharif to discuss strategic investment initiatives aimed at accelerating Pakistan’s digital transformation. The meeting covered key areas including banking, financial services, data centers, software, and cloud infrastructure, all positioned as drivers for the country’s […]
Dubai, UAE – October 2024 – In a landmark move for the sustainable fashion industry, Best Kept Shared, Dubai’s leading designer lending, rental, and resale platform, has announced its acquisition of BAZAARA, the region’s largest peer-to-peer fashion resale platform. This strategic acquisition brings together two of the UAE’s most prominent platforms, combining forces to offer a comprehensive and […]
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 […]
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 […]
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 […]