The share of digital payments in retail transactions of the banking system increased to 80% during Q1 of FY2023-24.

The quarterly Payment Systems Report for the quarter Q1 of FY2023-24 is released by the State Bank of Pakistan (SBP), highlighting key advancements within the country's payment ecosystem and providing…

Continue ReadingThe share of digital payments in retail transactions of the banking system increased to 80% during Q1 of FY2023-24.

Meezan Bank and the Pakistan Freelancers Association join hands to empower the country’s freelance community.

Meezan Bank, Pakistan's leading Islamic bank, has recently signed a Memorandum of Understanding (MoU) with Pakistan Freelancers Association (PAFLA) to extend specialized banking services to the freelance community. The MoU…

Continue ReadingMeezan Bank and the Pakistan Freelancers Association join hands to empower the country’s freelance community.

Bank Alfalah launches Pakistan’s First Digital Payments Sales and Service

Bank Alfalah, one of the leading commercial and digital banks, inaugurated Pakistan's first Digital Payments Sales and Service Centers- digital payments hubs strategically positioned in the vibrant and bustling Badar…

Continue ReadingBank Alfalah launches Pakistan’s First Digital Payments Sales and Service

Daraz and Visa partner to launch first e-commerce co-branded cards for Pakistan

In a ground-breaking move, Daraz, Pakistan's leading e-commerce platform, has partnered with global payments technology company Visa to introduce co-branded cards for e-commerce usage. This strategic alliance is set to…

Continue ReadingDaraz and Visa partner to launch first e-commerce co-branded cards for Pakistan

Meezan Bank holds its 63rd Shariah Board Meeting chaired by Justice (Retd.) Muhammad Taqi Usmani

The 63rd meeting of Meezan Bank's Shariah Board held at Darul Uloom, Karachi under the Chairmanship of Justice (Retd.) Muhammad Taqi Usmani, along with other members of the Shariah Board,…

Continue ReadingMeezan Bank holds its 63rd Shariah Board Meeting chaired by Justice (Retd.) Muhammad Taqi Usmani

Visa announces strategic collaboration with TECH5 to Advance Digital Government Ecosystems.

Visa Inc., a world leader in digital payments and TECH5, an innovator in biometrics and digital identity management, have signed a strategic collaboration agreement focusing on developing and enhancing digital…

Continue ReadingVisa announces strategic collaboration with TECH5 to Advance Digital Government Ecosystems.

Bank Alfalah and U Microfinance Bank entered a strategic collaboration for a financing facility of PKR 10 billion.

U Microfinance Bank (U Bank), one of the largest microfinance banks in Pakistan, has forged a strategic partnership with Bank Alfalah Limited, one of the country's largest commercial banks, to…

Continue ReadingBank Alfalah and U Microfinance Bank entered a strategic collaboration for a financing facility of PKR 10 billion.

Pakistan saw its current account surplus at US$9mn in Nov 2023, after four consecutive months of deficit.

After four consecutive months of Current Account Deficit (CAD), Pakistan recorded a Current Account Surplus (CAS) of US$9mn in Nov 2023. Tighter monetary and fiscal policy along with administrative steps…

Continue ReadingPakistan saw its current account surplus at US$9mn in Nov 2023, after four consecutive months of deficit.

Bank Alfalah joins forces with IFC to embark on its green banking journey.

Bank Alfalah, a leading commercial bank in Pakistan and the International Finance Corporation (IFC) formalised a Green Banking Advisory Agreement. This agreement underscores Bank Alfalah's dedication to fostering sustainable and…

Continue ReadingBank Alfalah joins forces with IFC to embark on its green banking journey.

Pak-Qatar Family Takaful and Instaful Solutions join hands to promote Inclusive Banca Takaful

Pak-Qatar Family Takaful and Instaful Solutions have entered into a strategic partnership to introduce Inclusive BancaTakaful, a first-of-its-kind initiative in the country. BancaTakaful, an innovative distribution model, involves offering Takaful…

Continue ReadingPak-Qatar Family Takaful and Instaful Solutions join hands to promote Inclusive Banca Takaful

State Bank decision sparks concerns among industrialists as interest rates remain unchanged at 22%, KATI

Faraz-ur-Rehman, President of the Korangi Association of Trade and Industry (KATI), voiced disappointment over the State Bank's decision to maintain the interest rate at 22%. Despite expectations of a reduction…

Continue ReadingState Bank decision sparks concerns among industrialists as interest rates remain unchanged at 22%, KATI

Mobilink Bank, Unikrew Solutions collaborate on USAID-funded initiative to drive Women’s Financial Inclusion

Pakistan's leading digital microfinance bank, Mobilink Bank, has joined forces with a prominent fintech player, Unikrew Solutions, to drive women's financial inclusion in the country through a project funded by…

Continue ReadingMobilink Bank, Unikrew Solutions collaborate on USAID-funded initiative to drive Women’s Financial Inclusion

Zood opens waitlist for ZoodCard, Pakistan’s first Buy-Now-Pay-Later card, powered by Mastercard

Zood, a leading digital lending platform for e-commerce in the Middle East and Central Asia, announced today that its waitlist for ZoodCard is now open to all Pakistan consumers. Powered by Mastercard, ZoodCard is…

Continue ReadingZood opens waitlist for ZoodCard, Pakistan’s first Buy-Now-Pay-Later card, powered by Mastercard