In a pivotal move to address Pakistan’s growing structural challenges—ranging from climate hazards to energy shortages—the Bank of Punjab (BoP) and Agence Française de Développement (AFD) have announced a transformative partnership. This initiative is set to bolster Pakistan’s climate finance strategy and support its commitment to reducing emissions by 50% by 2030. Ranked as the […]
Karachi – Daraz, Pakistan’s leading e-commerce platform, has announced an exciting partnership with Haier Pakistan for the upcoming ONDJ sales season. As the biggest online shopping event of the year, this collaboration promises customers unbeatable prices and exclusive deals across a wide range of product categories. With this partnership, Haier Pakistan reinforces its position as […]
October 3, 204 – Pakistan Microfinance Investment Company (PMIC) has announced the launch of its new Shariah-compliant suite of financing products, expanding its offerings beyond conventional microfinance wholesale financing. This initiative includes key Islamic finance instruments such as Mudarabah and Musharakah, which will now be available to all of PMIC’s borrowing institutions. These products are […]
KARACHI – Jameel Ahmad, Governor of the State Bank of Pakistan (SBP), emphasized the critical role of innovation in driving Pakistan’s economic growth, during his keynote address at the 13th Bank of the Future Forum (BoFF), organized by Systems Limited and Temenos. Addressing an audience of industry leaders, Ahmad underscored that rapid technological advancements have […]
In a significant move aimed at accelerating the transition of conventional banking to Islamic banking, the State Bank of Pakistan (SBP) has revised the criteria for converting conventional banking branches into Islamic banking branches. This step aligns with the Federal Sharia Court’s directive to eliminate interest-based banking in the country and is part of the […]
In a significant move towards enhancing digital payment solutions, 1LINK (Pvt) Limited has announced its partnership with the National Police Foundation, onboarding them as a Bill Aggregation Partner on its 1BILL platform. This collaboration is expected to streamline the payment of various services provided by the National Police Foundation through 1BILL’s secure and efficient digital […]
KARACHI: The State Bank of Pakistan (SBP) has expressed full confidence in the country’s digital payment infrastructure, reaffirming its capability to support the government’s increasing drive towards a cashless economy. Speaking at the “Future Banking Summit 2024” organized by Total Communications on Monday, Syed Sohail Javaad, Executive Director of the SBP’s Digital Financial Services Group, […]
Pakistan – Telemart, one of Pakistan’s leading e-commerce platforms, has partnered with Alif Innovations to introduce the country’s first debit and credit card instalment plan for smartphones, addressing the growing challenge of smartphone affordability amid rising inflation. This innovative collaboration will enable millions of debit and credit card holders across Pakistan to purchase smartphones worth […]
Karachi, 30th September 24: President and CEO of Faysal Bank Ltd. Yousaf Hussain has been elected as the new president of the Overseas Investors Chamber of Commerce and Industry (OICCI) for the 2024-2026 term. The announcement was made during the Chamber’s Extraordinary General Meeting held on Monday. In addition to the president, Managing Director and CEO […]
In a landmark move to track and enhance the progress of digital payments, Pakistan is set to introduce a national Digital Payment Index (DPI), aiming to assess the penetration and effectiveness of digital payment infrastructure across the country. The initiative will provide a crucial tool for policymakers, financial institutions, and private sector players to gauge […]