JS Bank joins hands with the United Nations Development Programme (UNDP) to promote gender-inclusive and climate-resilient businesses in Pakistan. The collaboration is aimed at promoting private-sector financing, particularly projects aligned with Sustainable Development Goals (SDGs), with a core focus on women and youth-led businesses.
In line with the theme of...
NayaPay, a rapidly growing financial platform, has partnered with Alipay+, a cross-border digital payments and marketing platform operated by Ant International.
The collaboration between NayaPay and Alipay+ is set to make a significant impact by deploying QR codes compatible with both RAAST and Alipay+ payment partners, including e-wallets and bank...
China has formally agreed to roll over a $2 billion loan to Pakistan, showcasing the continued financial cooperation between the two nations.
China's decision to extend this financial assistance underscores the depth of the bilateral relationship and the mutual commitment to economic collaboration. The rollover of the $2 billion loan...
Hub71-backed ABHI, an embedded finance platform founded in Pakistan, is advancing to its next growth stage by establishing its global HQ in Abu Dhabi with support from the Abu Dhabi Investment Office (ADIO) to grow its international operations.
ABHI joined Hub71, Abu Dhabi’s global tech ecosystem, in 2022 where the...
Faysal Bank Limited, a leading Islamic financial institution known for its commitment to technological innovation with Sharia compliance, announced a strategic collaboration with OPay, a global fintech giant with a proven track record in providing cutting-edge digital payment solutions.
The collaboration aims to empower the entire spectrum of small, medium,...
In a groundbreaking move towards enhancing regulatory processes, the Securities and Exchange Commission of Pakistan (SECP) has introduced a state-of-the-art online filing system known as EZFile. This innovative platform marks a significant leap in digitizing and streamlining filing procedures, aiming to provide stakeholders with a more efficient and user-friendly...
Pakistan's leading digital microfinance institution, Mobilink Bank, has reported a staggering 97% increase in revenue during Q1 2024 compared to the same period last year, marking a powerful start to the year. The Bank's Profit before Tax (PBT) also witnessed 110% growth. The substantial increase in the revenue and...
Khushhali Microfinance Bank Limited (KMBL), the first-specialized microfinance bank in Pakistan, commemorated its achievement for the fiscal year 2023 (FY 2023). The newly established recovery unit of the microfinance bank has set new benchmarks, achieving a milestone of over PKR 01 Billion in recoveries from the charge-off portfolio through...
In a recent development, the State Bank of Pakistan (SBP) initiates the process for issuing new currency notes. This strategic move is part of the central bank's ongoing efforts to enhance the security features, durability, and overall quality of the country's currency, ensuring a robust and reliable monetary system.
Key...
Meezan Bank, Pakistan’s leading Islamic Bank, has recently formalized a Memorandum of Understanding (MoU) with the Pakistan Microfinance Network (PMN) - the national association for retail players in the microfinance industry. Under this agreement, the Bank will provide financial and Shariah technical support to PMN member institutions for delivering...
