ASA Microfinance Bank (Pakistan) Ltd. has partnered with Avanza Solutions to enhance its digital banking capabilities and advance financial inclusion nationwide. This collaboration aims to make banking more accessible and…
Mobilink Bank, Pakistan’s leading digital microfinance bank, has launched the “Bibi App,” a mobile application aimed at raising breast cancer awareness and providing accessible health information to women. Developed by…
The IMF Executive Board completed its third review under the Extended Fund Facility (EFF) during a meeting held on May 8, 2026. The Board approved a disbursement of SDR 760…
Pakistan’s macroeconomic stability strengthened further in H1-FY26, despite headwinds from global trade-related uncertainty and domestic floods, according to the State of Pakistan’s Economy, Half Year Report FY26, released today by…
Payoneer (NASDAQ: PAYO) announced its Q1 2026 financial results, reporting $262 million in revenue, a 6% year-over-year increase. Excluding interest income, revenue grew 11%. The company achieved nearly $23 billion…
easypaisa digital bank achieved a historic performance in Q1 2026, reporting a profit after tax of PKR 1.49 billion and earnings per share of Rs. 2.47. Profit before tax surged…
The National Bank of Pakistan (NBP) has received approval for the commercial launch of Raast Person-to-Merchant (P2M) Acquiring, a significant step in its digital payments initiative and Pakistan's shift towards…
Zong, Pakistan's leading Technology Service Enterprise, has partnered with Mashreq Bank Pakistan to integrate telecom services into Mashreq’s digital banking ecosystem. This collaboration allows Mashreq customers to access Zong services,…
Workers’ remittances to Pakistan reached US$3.5 billion in April 2026, marking an 11.4 percent increase compared to the same month last year, according to data released by the State Bank…
easypaisa digital bank delivered a record-breaking quarter, further strengthening its leadership as Pakistan’s first digital retail bank. For the quarter ended March 31, 2026, the Bank reported a profit after tax…
Faysal Bank, one of the leading and most innovative Islamic banks in the country, has further reinforced its strategic partnership with Avanza Solutions in the digital banking space. Faysal Bank’s…
Pakistan’s total liquid foreign exchange reserves stood at US$ 21,293.5 million as of April 30, 2026, according to the latest data released by the State Bank of Pakistan (SBP). The…
National Bank of Pakistan proudly announces the launch of NBP SmartPay, a state-of-the-art digital payment platform designed to transform the way businesses manage their financial transactions. NBP SmartPay is a comprehensive…
Mashreq Bank PSC (MASQ), a prominent financial institution in the MENA region, reported a solid first-quarter performance for 2026, with Operating Income of AED 3.4 billion and Net Profit Before…
The State Bank of Pakistan (SBP) has issued its annual flagship publication, the Financial Stability Review (FSR), for CY25. The FSR presents performance and risk assessments for various segments of…
FrieslandCampina Engro Pakistan Limited (FCEPL) has partnered with State Life Insurance Corporation of Pakistan (SLIC) to launch a life insurance program for over 1,500 dairy farmers and their families. This…
The Lahore University of Management Sciences (LUMS), through its CHISEL Lab, has entered into a strategic research and development collaboration with Allied Bank to explore the potential of robotics and…
BankIslami and its digital banking platform, aik, partnered with Paklaunch for UNConference ‘26, bringing together founders, investors, and policymakers to discuss Pakistan's startup ecosystem, particularly in Fintech and digital investment…
At the Money20/20 Asia panel discussion, Farhan Hassan, Chief Digital Officer at easypaisa digital bank, highlighted the multifaceted drivers of Pakistan's digital banking transformation. Financial inclusion rates improved from 47%…
Jubilee Life Insurance, along with Kashf Foundation and UNDP, has launched the “Khushal Mustaqbil Takaful (KMT),” a micro-savings and protection product designed to enhance financial resilience for women in underserved…
ABHI Microfinance Bank Ltd. has partnered with REDtone Group to enhance Employee Banking Services for its workforce. A Memorandum of Understanding (MOU) was signed by Asif Iqbal, CFO of REDtone…
Mian Zahid Hussain, President of the Pakistan Businessmen and Intellectuals Forum & All Karachi Industrial Alliance, has praised the Law and Justice Commission of Pakistan for emphasizing Alternative Dispute Resolution…
The Government of Pakistan on Wednesday raised Rs114.347 billion through the third auction of its Hybrid Sukuk, marking the second such issuance this month, amid strong investor demand for Shariah-compliant…
Visa announced a significant 80% year-over-year increase in spending on premium consumer cards during Ramadan, peaking around Eid Al-Fitr. Total spending rose by 10% during the Eid period. **Key Insights:**…
S.M. Tanveer, Patron-in-Chief of the United Business Group (UBG) and a leading business figure, has condemned the recent 100-basis-point increase in interest rates, arguing that such a drastic measure is…
