In a landmark partnership, TASDEEQ and the Bank of Punjab (BOP) have signed a Memorandum of Understanding (MoU) to revolutionize financial services for farmers through BOP’s Kissan Card program. This strategic alliance aims to streamline credit assessment processes, facilitate loan approvals, and provide farmers with easy access to credit facilities, fostering growth and development in […]
The Punjab Information Technology Board (PITB) and JazzCash have officially joined forces to advance digital payment solutions via the PayZen platform. The partnership agreement was signed by PITB Additional Director General Khurram Mushtaq and JazzCash President Murtaza Ali. Senior officials from both organizations were present at the signing ceremony, including PITB Project Director Haroon Rasul […]
KARACHI, July 30, 2024 – In a decisive move to stimulate economic activity, the State Bank of Pakistan (SBP) announced a reduction in its key policy rate by 100 basis points, bringing it down to 19.5 percent. The decision, effective from July 30, 2024, was revealed by SBP Governor Jameel Ahmed following a meeting of […]
In a significant step towards revolutionizing customer verification and onboarding processes, Askari Bank and truID Technologies have announced a strategic partnership. The collaboration, celebrated at a signing ceremony held at the National Science and Technology Park (NSTP) at the National University of Sciences and Technology (NUST), aims to enhance customer interactions and security through the […]
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 significant move aimed at bolstering the agricultural sector in Pakistan, Askari Bank Limited (AKBL) and Fauji Fertilizer Company Limited (FFC) have announced a strategic partnership. This collaboration marks a major step towards enhancing financial inclusion and productivity in the agricultural sector, reinforcing both organizations’ commitment to sustainable growth and development. The partnership aims […]
Karachi, July 25, 2024 — In a groundbreaking move to digitize payment processes within the agricultural sector, Syngenta, a global leader in agricultural technology, has partnered with Haball, Pakistan’s largest payment aggregator solution provider. This strategic collaboration aims to revolutionize payment methods for Syngenta’s agri-based franchises across Pakistan. The partnership, facilitated through a referral by […]
Pak Oman Investment Company has chosen BenchMatrix‘s RiskNucleus Loan Origination System (LOS) to enhance its credit approval and risk management processes. This strategic decision aims to leverage cutting-edge technology to streamline loan origination and boost operational efficiency. The RiskNucleus LOS is a comprehensive solution designed to manage various aspects of the loan approval process. Key […]
In a significant move to enhance financial inclusion and drive economic growth in Pakistan, the Pakistan Microfinance Investment Company (PMIC) and the U.S. International Development Finance Corporation (DFC) have signed a Loan Portfolio Guaranty Agreement. This strategic partnership will provide a loan portfolio guaranty of up to $15 million. The initiative aims to empower women […]
Mobilink Bank, Pakistan’s leading digital microfinance bank and a subsidiary of the global digital operator VEON Group, has announced a strategic partnership with AutoSoft Dynamics, a renowned provider of core banking and financial application solutions. This collaboration aims to automate Mobilink Bank’s treasury operations, ensuring seamless integration with the State Bank of Pakistan’s (SBP) PRISM […]