HRSG, a leading name in human resource solutions, is thrilled to announce its strategic partnership with Neem, a pioneer in embedded finance solutions. This collaboration is set to redefine workplace financial services by introducing innovative offerings such as earned-wage access, lending options, and seamless payment solutions. By integrating Neem’s cutting-edge financial tools, HRSG aims to…
Karachi, December 4, 2024 — The Securities and Exchange Commission of Pakistan (SECP) Chairman, Akif Saeed, has emphasized the country’s growing prominence in Shariah-compliant financing, stating that Pakistan’s regulatory compliance in capital markets aligns with global standards. This positions the country as a potential leader in Islamic finance. Addressing a press conference ahead of the…
Islamabad: The Securities and Exchange Commission of Pakistan (SECP) has announced that individual investors can now directly participate in and invest in Government Debt Securities (GDS), including Sukuk. This significant development was conveyed to Finance Minister Muhammad Aurangzeb during his visit to SECP Headquarters. Broadening Access to Government Securities SECP officials briefed the minister on…
ISLAMABAD – Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, chaired a virtual meeting on Monday with the Governor of the State Bank of Pakistan (SBP), Jameel Ahmed, and the Chairman of the Pakistan Banks’ Association (PBA), Zafar Masud, along with their respective teams. The session focused on evaluating progress and outlining new initiatives…
Riyadh — Credit card loans by Saudi banks hit a record high of SR30.27 billion ($8.07 billion) in the third quarter of 2024, marking a significant 14.24 percent increase compared to the same period last year, according to data released by the Saudi Central Bank (SAMA). The surge in credit card borrowing reflects evolving consumer preferences driven…
MoU Signed for PKR 11 Billion Chief Minister Punjab’s Livestock Card Initiative Lahore – In a landmark move to bolster Punjab’s livestock sector, a Memorandum of Understanding (MoU) was signed for the Chief Minister Punjab’s Livestock Card at the Bank of Punjab Head Office in Lahore. The initiative marks the beginning of a comprehensive registration…
In a groundbreaking collaboration, EduFi has joined forces with Taleem Finance Company Limited (TFCL) to revolutionize educational financing in Pakistan. This alliance aims to empower aspiring students nationwide by reducing financial barriers to education, ensuring that opportunities are accessible to all, regardless of their economic background. The momentous partnership was formalized at a ceremony attended…
SBP Celebrates MSME Day, Emphasizes Role in Economic Growth The State Bank of Pakistan (SBP) joined the global community in celebrating Micro, Small, and Medium Enterprises (MSME) Day, emphasizing the crucial role these enterprises play in driving economic growth, fostering innovation, and creating jobs. This year’s theme, “MSME Finance: Catalyst for Inclusive Growth,” underscores the…
BOP and Techlogix Unite for Karandaaz Pakistan Project to Revolutionize Digital Agriculture Loans June 24, 2024 – Islamabad: The Bank of Punjab (BOP) and Techlogix have announced a strategic partnership under the Karandaaz Pakistan project, aiming to transform the landscape of agricultural financing through a cutting-edge digital platform. This initiative is set to significantly streamline…
Farmdar and Bank Alfalah Limited Forge Historic Partnership to Reshape Agricultural Lending in Pakistan Lahore, April 29th, 2024 – Farmdar, a Pakistani leader in agri-data analytics, and Bank Alfalah Limited, one of Pakistan’s premier banking institutions, have officially entered into a groundbreaking partnership. At the core of this landmark collaboration lies Farmdar’s extensive repository of…
