Islamabad, Pakistan – The Pakistan Housing Authority Foundation (PHA-Foundation) has announced a strategic partnership with Timepay Pakistan to revolutionize digital payment solutions within the housing sector. This collaboration marks a pivotal step toward enhancing financial transactions for PHA-Foundation members and stakeholders by offering fast, secure, and user-friendly digital payment services. The partnership aims to eliminate […]
PTCL and IFC-Led Consortium Secure Historic $400 Million Financing Deal for Acquisition of Telenor Pakistan
KARACHI, September 2024 — Pakistan Telecommunication Company Limited (PTCL) and the International Finance Corporation (IFC)-led consortium celebrated a landmark financing agreement to facilitate PTCL’s acquisition of Telenor Pakistan and Orion Towers (Private) Limited. The acquisition, valued at Rs 108 billion, is subject to regulatory approvals and marks a pivotal moment in Pakistan’s telecom sector. PTCL […]
Easypaisa Partners with KTrade to Bring Digital Stock Trading to Customers
In a major step towards fostering financial inclusion and digitization in Pakistan, easypaisa has announced a strategic partnership with KTrade, a leading stock trading platform. This collaboration will enable easypaisa users to seamlessly participate in digital stock trading directly through the easypaisa app. By integrating KTrade’s user-friendly platform into the app, easypaisa is empowering its […]
Yango Partners with Waada to Launch Free Ride Insurance for Passengers and Drivers
Karachi, Pakistan – September 26, 2024: International ride-hailing service Yango, part of the global Yango Group, has partnered with Waada, a leading Insurtech company in Pakistan, to introduce free Ride Insurance. This collaboration offers one of the most extensive safety coverages provided by any ride-hailing service in the country, benefiting both passengers and partner drivers […]
Jazz and UNDP Expand Partnership to Advance Digital Literacy and Economic Empowerment in Pakistan
Islamabad, September 25 (APP): Jazz, Pakistan’s leading digital operator, has strengthened its commitment to promoting digital and financial literacy, economic empowerment, and reducing the digital divide through a strategic Memorandum of Understanding (MoU) with the United Nations Development Programme (UNDP). The collaboration aims to foster inclusive development and sustainable economic growth, leveraging technology-driven solutions to […]
Faysal Bank Partners with IFC to Establish Trade Finance Guarantee Facility
KARACHI, September 25, 2024 – Faysal Bank Limited (FBL) has announced a strategic partnership with the International Finance Corporation (IFC), a member of the World Bank Group, under IFC’s Global Trade Finance Program (GTFP). This collaboration marks a significant step forward in enhancing FBL’s trade finance capabilities, as both institutions explore the establishment of a […]
Systems Limited Wins Top IT Services Exporter Award at P@SHA ICT Awards 2024
Islamabad, Pakistan – Systems Limited, a global leader in IT services and solutions, has once again been recognized for its exceptional contributions to Pakistan’s technology landscape, securing the prestigious Top IT Services Exporter Award at the P@SHA ICT Awards 2024. The award was presented by Shaza Fatima Khawaja, State Minister for Information Technology and Telecommunication, […]
Bybit introduces Islamic Account to enhance trading access for Muslim Communities globally
Dubai, UAE: Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has announced the launch of its Islamic Account, becoming the first global crypto exchange to offer a Shariah-compliant trading solution. This innovative move marks a significant milestone in the crypto industry, opening new opportunities for Muslim traders worldwide to engage in digital assets while […]
National Bank of Pakistan Launches “NBP Cash N Gold” Service for Quick Loans Against Gold
Karachi: The National Bank of Pakistan (NBP) has introduced a new service, “NBP Cash N Gold,” designed to offer customers fast and convenient access to loans by leveraging the value of their gold assets. This innovative service enables individuals to borrow up to 70% of the assessed value of their gold, providing an efficient solution […]
Qist Bazaar Secure US$3.2 Million Series A from Indus Valley Capital and Gobi Partners to Revolutionize BNPL in Pakistan
Karachi, Pakistan – September 24, 2024 – Qist Bazaar, Pakistan’s leading Buy Now Pay Later (BNPL) fintech platform, has successfully raised $3.2 million in its Series A funding round, led by Indus Valley Capital. The round also saw participation from Gobi Partners, a prominent Asia-focused venture capital firm managing assets worth $1.6 billion. Bank Alfalah, one […]