London – Bitcoin surged to a new all-time high on Sunday, topping $80,000 as traders speculated that Donald Trump’s potential return to the White House could boost the digital currency’s prospects. The cryptocurrency’s rapid climb reflects investor confidence in the former president’s pro-crypto stance, with many expecting his policies to foster growth in the sector. […]
Islamabad, Pakistan – In a key step toward fostering sustainable finance, InfraZamin Pakistan, Pakistan’s leading credit enhancement guarantor, held a high-profile seminar in collaboration with the State Bank of Pakistan (SBP), Pakistan Banks’ Association (PBA), and the Private Infrastructure Development Group (PIDG). Titled “Enabling Green Financing and Green Bonds via Credit Enhancement Solutions,” the event […]
ISLAMABAD, November 08, 2024 – Senior leaders from VEON Group, joined by executives from Jazz, recently met with Prime Minister Shehbaz Sharif to discuss strategic investment initiatives aimed at accelerating Pakistan’s digital transformation. The meeting covered key areas including banking, financial services, data centers, software, and cloud infrastructure, all positioned as drivers for the country’s […]
Islamabad, Pakistan – The National Incubation Center (NIC) Islamabad, Pakistan’s leading technology business incubator, hosted its annual NIC Connect 2024 Media Day on Thursday, spotlighting local startups that are innovating to meet Pakistan’s unique challenges and positioning themselves to compete globally. The event served as a platform for 24 pioneering startups to showcase their cutting-edge […]
Amsterdam, Dubai, Islamabad, 07 November 2024 – VEON Ltd. (Nasdaq: VEON, Euronext Amsterdam: VEON), a global digital operator, today announced a strategic collaboration between Jazz, VEON’s digital operator in Pakistan, and Standard Chartered Bank (SCB). Through Jazz’s enterprise solutions arm, Garaj, the partnership aims to establish a regional availability zone for SCB, reinforcing the bank’s […]
Mobilink Bank, Pakistan’s leading digital microfinance institution, recently received prestigious awards at VEON Ignite 2024, an annual event that brought together over 200 global leaders from VEON’s network to discuss digital innovation and future strategies. Mobilink Bank was celebrated for its significant contributions to digital financial services, community investment, and Diversity, Equity, and Inclusion (DEI), […]
Peshawar, Nov 7 — The Khyber Pakhtunkhwa government has taken a significant step towards economic empowerment and poverty reduction with the upcoming launch of its interest-free Ehsaas Loan Scheme. All necessary measures to implement the scheme have been completed, as announced during a high-level meeting at the Civil Secretariat chaired by Advisor to the Chief […]
Karachi: BankIslami, one of Pakistan’s leading Islamic financial institutions, has announced a groundbreaking campaign to promote its riba-free (interest-free) banking services, targeting individuals from all backgrounds and faiths. This initiative underscores BankIslami’s dedication to providing ethical and inclusive banking options, accessible to everyone regardless of religious affiliation. The move aligns with the bank’s mission of […]
November 6, 2024 – Tencent has announced a strategic partnership with Visa to bring its palm recognition technology to international markets, with an initial rollout in Singapore. The service, called “Pay by Palm,” enables Visa cardholders from participating banks—including DBS, OCBC, and UOB—to make secure, contactless payments by scanning their palms. The pilot launch was unveiled at the Singapore Fintech Festival […]
In a significant development in Pakistan’s banking sector, the Board of Directors of Silkbank Limited (PSX: SILK) has granted in-principle approval for a potential merger with United Bank Limited (PSX: UBL). The decision was made during a board meeting held on November 6, 2024. The merger, which would be structured as a scheme of arrangement, […]