Karachi, Pakistan – September 2024: In a groundbreaking move toward sustainability, Jubilee Life Insurance, Pakistan’s largest private sector insurance company, has announced a strategic partnership with Spectreco to spearhead its transition to Net Zero. This collaboration marks a significant milestone, not only in Pakistan’s insurance sector but on the global stage, as Jubilee Life leads […]
Lahore-19-September-2024: Samsung is excited to announce its collaboration with Simpaisa by launching the Digital Wallets payment option on Samsung’s official eStore for Pakistan, www.samsung.com/pk. This marks a significant step towards the enhancement of the online shopping experience for Samsung customers in Pakistan. Over the past years, Samsung has made substantial investments in its eStore by […]
Karachi – September 20, 2024: TPL Corp Limited (TPL), a leading Pakistani financial platform, and Abhi (Private) Limited (Abhi) have signed a Share Purchase Agreement (SPA) with FINCA Microfinance Coöperatief U.A. to jointly acquire FINCA Microfinance Bank Limited. The development marks a significant milestone in Pakistan’s financial sector, with the announcement shared via a notice […]
ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has announced a strategic initiative aimed at developing a robust Islamic finance ecosystem within the country’s securities and futures markets. This significant move, outlined in a report issued on Wednesday, is focused on addressing the growing need for standardization, harmonization, and governance of Shariah practices within […]
Amir Khan, President & CEO of HBL Microfinance Bank LTD., has been elected as the new Chairman of the Pakistan Microfinance Network (PMN). Bringing with him over 32 years of diverse experience in consumer and commercial banking, Mr. Khan is set to lead PMN towards further growth and innovation in the microfinance sector. Since 2012, […]
Karachi, Pakistan – TPL Maps, Pakistan’s leading location-based services provider, has announced a strategic partnership with United Bank Limited (UBL), one of the country’s largest financial institutions, to drive innovation and optimize digital banking operations. This collaboration marks a significant step in both organizations’ efforts to empower businesses with cutting-edge technology and accelerate Pakistan’s digital […]
KARACHI, – Visa, the global payments leader, has announced plans to significantly expand the number of businesses accepting digital payments in Pakistan over the next three years, with the aim of increasing this figure tenfold. Leila Serhan, Visa’s General Manager for Pakistan, North Africa, and Levant, shared this ambitious goal in an interview with Reuters. […]
The profitability of Pakistan’s banking sector decelerated significantly in the first half of 2024, with after-tax profit growing by just 1.1% to Rs. 287 billion, according to the State Bank of Pakistan’s (SBP) Mid-Year Performance Review of the Banking Sector. This slowdown was driven by reduced growth in advances and declining returns on earning assets […]
Lahore, Pakistan, September 2024 – Noman Azhar, Chief Officer of Zindigi, powered by JS Bank, has been honored with the prestigious title of “Digital Leader of the Year” at the 2024 Pakistan Digital Awards. This accolade recognizes his pivotal role in transforming Pakistan’s digital banking and fintech sectors, as well as his efforts in revolutionizing […]
KARACHI, September 16, 2024: Advans Pakistan Microfinance Bank Limited has officially re-branded as Halan Microfinance Bank Limited, effective from September 16, 2024. The announcement was made by the State Bank of Pakistan (SBP) in a press statement issued on Monday. The SBP informed customers of the name change and reassured that the bank continues to […]