Karachi, July 13, 2024 – The Pakistan Stock Exchange (PSX) has proudly announced the induction of Meezan Bank as the first market maker for CDS-eligible Government of Pakistan (GoP) Ijarah Sukuk (GIS). This move, aimed at enhancing liquidity in the CDS-eligible government debt securities (GDS) market, involves the quotation of two-way prices and facilitating the […]
Oraan, an innovative financial platform dedicated to building inclusive financial products for Pakistan, has achieved a significant milestone by securing a Non-Banking Financial Company (NBFC) license. This new license empowers Oraan to expand its offerings, notably in the realm of education financing, providing students and their families with more accessible and inclusive financial options. Oraan’s […]
Karachi, Pakistan — HBL, Pakistan’s leading bank, has announced a strategic investment in AFT, an innovative fintech startup. This collaboration aims to accelerate the development of Pakistan’s agricultural and merchant sectors, enhancing financial inclusion and operational efficiency in these vital but underserved areas. AFT, through its Digitt+ platform, offers a multilingual interface that enables farmers […]
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, […]
Karachi, Pakistan, July 11, 2024 — In a groundbreaking partnership, Dubai Islamic Bank Pakistan (DIBP), ChargeUp, and NymCard have unveiled a new corporate expense card solution tailored for businesses in Pakistan. This collaboration aims to revolutionize the way Pakistani companies manage employee expenses by leveraging advanced card issuance and processing technology. ChargeUp will issue Dubai […]
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 […]
Islamabad, July 10, 2024— In a significant move to streamline the payment of various receipts, the Islamabad Capital Territory Police has announced a collaboration with 1LINK and the State Bank of Pakistan (SBP) for the implementation of the 1BILL payment system. The ceremony, marking this milestone, was attended by prominent figures including Mr. Syed Ali […]
Islamabad, July 8, 2024 — The Mastercard Strive Women program in Pakistan is pleased to announce a new partnership with the Bank of Punjab (BOP), aiming to enhance formal financial access for women-led micro and small entrepreneurs across the country. Supported by the Mastercard Center for Inclusive Growth and implemented by CARE, Strive Women strengthens […]
The State Bank of Pakistan (SBP) has announced the appointment of nine banks and one financial institution as Primary Dealers (PDs) for the investment in Government Securities, including Medium Term Bills (MTBs) and Pakistan Investment Bonds (PIBs) for the fiscal year 2024-25. Following a rigorous evaluation process, the SBP selected the following institutions as Primary […]
NRSP Bank is proud to announce that it has reached the significant milestone of PKR 50 billion in deposits. This achievement is a testament to the trust and support of our valued customers, as well as the dedication and hard work of the entire NRSP Bank team. Founded with the mission to provide accessible and […]