April 28, 2024
Headlines

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Zindigi, MyTM & CASHIN to digitize pilgrimage experience for Pakistani citizens in Hajj Convenience – Fintech News Pakistan

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In a groundbreaking move, Zindigi, in partnership with JS Bank & MyTM, and in collaboration with Cashin (KSA), has launched an innovative payment system tailored specifically for Pakistani pilgrims, aligning with Saudi Arabia’s Vision 2030. Unveiled at the LEAP conference this year, this initiative introduces a cashless Hajj and Umrah experience, significantly enhancing convenience by…

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Agrilift and HBL Forge Partnership to Enhance Financial Inclusion for Farmers – Fintech News Pakistan

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Headline:Agrilift and HBL Forge Partnership to Enhance Financial Inclusion for Farmers Body:In a groundbreaking announcement made at the Pakistan Agricultural Coalition conference held in Lahore, Agrilift and HBL (Habib Bank Limited) have formally declared a strategic partnership aimed at bolstering financial inclusion within the farming community. The collaboration centers around the introduction of Agrilift Smart…

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Faysal Bank Limited Posts Rs. 6.5 Billion Profit in 3 Months (Q1-2024) – Fintech News Pakistan

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Faysal Bank Limited (FBL) Records Remarkable 103% Profit Surge in Q1 2024 Faysal Bank Limited (FBL) has announced an exceptional financial performance for the first quarter of 2024, showcasing a staggering 103% growth in profits. The bank’s profits soared to Rs 6.5 billion in comparison to the previous year’s Rs. 3.2 billion for the same…

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Bank Alfalah and Blinq Forge Strategic Partnership to Revolutionize Business Financial Solutions – Fintech News Pakistan

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Blinq and Bank Alfalah Forge Strategic Partnership to Revolutionize Business Financial Solutions In a groundbreaking move set to redefine the landscape of financial solutions for businesses, Blinq, the foremost B2B fintech innovator, has announced a strategic partnership with Bank Alfalah, a stalwart in the banking and finance sector. This partnership marks a significant leap forward…

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EduFi Gets NBFC License, Set to Revolutionize Education Finance in Pakistan – Fintech News Pakistan

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EduFi Financial Services Receives NBFC License, Set to Revolutionize Education Finance in Pakistan In a significant development, EduFi Financial Services Private Limited has obtained its Non-Banking Financial Company (NBFC) license from the Securities and Exchange Commission of Pakistan (SECP), marking a pivotal moment for the company and the education finance sector in Pakistan. This milestone…

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JS Bank Collaborates with Inspiring Women to Empower Female Entrepreneurs – Fintech News Pakistan

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JS Bank Collaborates with Inspiring Women PK to Empower Female Entrepreneurs JS Bank is delighted to announce its partnership with Inspiring Women to provide training in financial management, budgeting, and saving for girls and women. This collaboration is a pivotal aspect of JS Bank’s Her Entrepreneurial Community initiative, aimed at empowering female entrepreneurs with the…

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MCB Bank Limited Posts Rs. 16.6 Billion Profit in 3 Months – Fintech News Pakistan

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MCB Bank Limited Declares Impressive First Quarter Results In a recent board meeting chaired by Mian Mohammad Mansha, MCB Bank Limited (MCB) reviewed its performance for the first quarter ending March 31, 2024, and approved condensed interim financial statements. The board declared a first interim cash dividend of Rs. 9.0 per share, reflecting a robust…

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Bank Alfalah Limited Posts Rs. 9.912 Billion Profit in 3 Months – Fintech News Pakistan

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Bank Alfalah Limited Reports Strong Financial Performance for Quarter Ended March 31, 2024 In a recent meeting held on April 24, 2024, the Board of Directors of Bank Alfalah Limited (BAFL) approved the bank’s financial results for the quarter ended March 31, 2024, showcasing robust growth and strategic resilience in challenging market conditions. The bank…

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Allied Bank Limited Posts Rs. 11.6 Billion Profit in 3 Months – Fintech News Pakistan

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Allied Bank Limited Reports 1QCY24 Earnings: Profit Up 51% YoY, Down 5% QoQ Allied Bank Limited (PSX: ABL) unveiled its financial results for the first quarter of the calendar year 2024 (1QCY24) today, showcasing a robust performance with a Profit After Tax (PAT) of Rs. 11.6 billion. This figure represents a noteworthy increase of 51…

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U Microfinance Bank and Golootlo Forge Strategic Alliance to Offer Exclusive Discounts to UnionPay Debit Cardholders – Fintech News Pakistan

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Title: U Microfinance Bank and Golootlo Forge Strategic Alliance to Offer Exclusive Discounts to UnionPay Debit Cardholders U Microfinance Bank and Golootlo have entered into a significant partnership agreement aimed at providing exclusive discounts to U Microfinance Bank’s UnionPay debit cardholders. The agreement, signed on April 22, 2024, marks a pivotal step in enhancing customer…

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