Bitcoin Surges Past $100,000 Cementing Role in Financial Mainstream

Bitcoin more than doubles in 2024 on spot ETF approval, Trump euphoria

Bitcoin surges over 120% and hits $100,000 milestone in 2024. Date: January 1, 2025 Bitcoin more than doubled in 2024 driven by the U.S. markets regulator’s approval for exchange-traded funds tied to its spot price, and optimism over easing regulatory hurdles with Donald Trump set to return to the White House. The world’s largest and…

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Devsinc Acquires Alchemative, Aiming to Dominate the $22B Regional Digital Retail and eCommerce Market

Devsinc Acquires Alchemative, Aiming to Dominate the $22B Regional Digital Retail and eCommerce Market

Date: January 1, 2025 Devsinc, one of Pakistan’s largest IT companies and a growing global force in technology innovation has announced a 100% acquisition of Alchemative Group, a leader in eCommerce and digital retail solutions. This acquisition marks a strategic step in Devsinc’s mission to deliver transformative technology solutions, strengthening its footprint across key markets,…

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Meezan Bank Partners with Ekkel AI to Launch Generative AI Initiative

Meezan Bank Partners with Ekkel AI to Launch Generative AI Initiative

Here’s the revised and polished version in a professional news format: Meezan Bank Partners with Ekkel AI to Launch Generative AI Initiative Meezan Bank, Pakistan’s leading Islamic bank, has announced a strategic partnership with Ekkel AI to implement a Generative AI initiative aimed at revolutionizing banking operations, enhancing employee productivity, and delivering unparalleled customer experiences….

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JazzCash launches Buy Now, Pay Later (BNPL) Service as a Credit Card Alternative – Fintech News Pakistan

Islamabad: JazzCash, Pakistan’s leading fintech platform, has launched a Buy Now, Pay Later (BNPL) service, offering a convenient alternative to traditional credit cards. The service is initially available for retail purchases at Telemart, an electronics shopping platform, and the fashion brand EGO. It will soon expand to include leading brands such as MBasics, Alkaram, Dune…

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HBL Microfinance Bank and HBL Zarai Services Join Forces to Empower Pakistan’s Farmers – Fintech News Pakistan

Islamabad, Pakistan — HBL Microfinance Bank (HBL MfB), Pakistan’s leading microfinance bank, and HBL Zarai Services Limited (HZSL), the country’s pioneer in agriculture-specialized extension services, have announced a strategic partnership aimed at revolutionizing financial and agricultural support for farmers. This collaboration reflects a shared vision of fostering sustainable agricultural development and enhancing rural livelihoods. Under…

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JS Bank Launches Priority Banking Services Nationwide to Enhance Client Experience – Fintech News Pakistan

JS Bank, one of Pakistan’s fastest-growing financial institutions, has unveiled its new Priority Banking services, a bespoke offering designed to cater to the unique needs of its most valued clients. The initiative reflects the bank’s focus on delivering personalized solutions that elevate the overall banking experience. The newly launched Priority Banking services offer a range…

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Dubai Islamic Bank Partners with Crypto.com

Dubai Islamic Bank Partners with Crypto.com to Pioneer Sharia-Compliant Cryptocurrency Solutions

The collaboration MoU with the UAE’s largest Islamic Bank and a globally recognized pioneer in the field of Islamic finance will explore multiple opportunities to introduce Sharia-compliant platforms including tokenized Islamic Sukuks and real-world asset tokenization. Dubai, December 30, 2024 — Crypto.com has announced the signing of a Memorandum of Understanding (MoU) with Dubai Islamic Bank (DIB), the UAE’s…

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SBP Introduces Revised Regulatory Framework for Exchange Companies

SBP Introduces Revised Regulatory Framework for Exchange Companies

KARACHI: The State Bank of Pakistan (SBP) has introduced a revised and consolidated Regulatory Framework for Exchange Companies (RFEC) aimed at enhancing governance, internal controls, and compliance within the sector. The updated RFEC consolidates and modernizes existing regulatory instructions, replacing the earlier Exchange Companies Manual. The SBP’s comprehensive review and revision are geared towards streamlining…

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JS Investments Unveils Lahore First Digital Wealth Centre

JS Investments Unveils Lahore First Digital Wealth Centre

Lahore, [26th December, 2024] – JS Investments, Pakistan’s premier asset management company, proudly announces the launch of Lahore’s first Digital Wealth Centre, marking a transformative step in the country’s wealth management sector. Following the resounding success of its debut Wealth Centre in Karachi, the new facility in DHA Phase 6, Lahore, combines cutting-edge digital innovation…

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Bank Makramah Limited Shareholders Approve Restructuring Scheme with 99.99% Votes

Bank Makramah Limited Shareholders Approve Restructuring Scheme with 99.99% Votes

Islamabad, December 26, 2024 – In a decisive move towards financial stability and growth, the shareholders of Bank Makramah Limited (BML) have overwhelmingly approved the Scheme of Arrangement for restructuring the bank during an Extraordinary General Meeting (EGM) held yesterday. The scheme, filed with the Islamabad High Court under Sections 279 to 283 and 285(8)…

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