In a significant move to advance digital payment solutions, the Punjab Information Technology Board (PITB) and Bookme.pk have signed an agreement to integrate and promote PayZen, PITB’s digital payment platform. The signing ceremony took place at PITB’s headquarters, where PITB Chairman Faisal Yousaf and Bookme.pk CEO Faizan Aslam formalized the partnership. Chairman Faisal Yousaf provided…
In a strategic move to enhance financial accessibility, Al Meezan Investment Management has announced a collaboration with 1LINK for the issuance of PayPak cards. The formal ceremony, marking this significant partnership, saw the presence of key figures from both organizations. Representing Al Meezan Investment Management were Mr. Muhammad Asad, Chief Investment Officer and Acting CEO,…
UBL Reports Robust Earnings Growth in Q2 2024 Karachi, July 31, 2024 — United Bank Limited (UBL), one of Pakistan’s leading commercial banks, has reported consolidated earnings of Rs15.27 billion for the quarter ending June 30, 2024, marking a significant 17% increase from Rs13.05 billion in the same period last year. The bank’s earnings per…
In a move set to revolutionize the landscape for Pakistan’s burgeoning freelancer community, HBL proudly unveils its latest innovation: the USD Debit Card. This Visa-powered card promises to simplify international transactions for IT exporters, marking a significant leap forward in financial accessibility and efficiency. With the introduction of this groundbreaking solution, freelancers can now bid…
Lahore, Pakistan – U Microfinance Bank, a wholly-owned subsidiary of Pakistan Telecommunication Company Limited (PTCL), has announced a strategic partnership with Fri-Chicks, one of the fastest-growing fast-food chains in Pakistan. This collaboration aims to facilitate the rapid expansion of Fri-Chicks’ franchise network through the provision of working capital term loans, along with cash collection and…
Islamabad – In a groundbreaking move to promote financial inclusion and women’s empowerment in Pakistan, Mobilink Bank, a leading digital microfinance institution, has joined forces with CARE Pakistan to launch the Strive Women program. This partnership aims to unlock the potential of 50,000 women entrepreneurs over the next three years, equipping them with the financial…
Karachi – September 20, 2024: TPL Corp Limited (TPL), a leading Pakistani financial platform, and Abhi (Private) Limited (Abhi) have signed a Share Purchase Agreement (SPA) with FINCA Microfinance Coöperatief U.A. to jointly acquire FINCA Microfinance Bank Limited. The development marks a significant milestone in Pakistan’s financial sector, with the announcement shared via a notice…
Headline: HBL Reports Robust Growth in Q1’24, Declares Rs. 4 Cash Dividend per Share Subhead: Consolidated Profit Before Tax Surges 40%, Earnings Per Share Reach Rs. 10.37 Body: In an announcement today, Habib Bank Limited (HBL) disclosed its impressive financial performance for the first quarter ended March 31, 2024. The bank’s consolidated profit before tax…
easypaisa Integrates SBP’s Raast P2M System to Boost Digital Payments easypaisa, Pakistan’s leading mobile financial service provider, has enhanced its service offerings by integrating the Raast P2M (Person to Merchant) payment system on its platform. This strategic move by the State Bank of Pakistan (SBP) is designed to accelerate the digitization of merchant and business…
Karachi, August 29, 2024 – In a significant move set to transform the retail payment landscape, SnappRetail has announced a strategic partnership with PayFast to launch the groundbreaking Raast P2M (Person-to-Merchant) payment solution. This collaboration marks a major milestone in the drive toward innovation and digitalization in Pakistan’s retail sector. The partnership aims to simplify…
