Workers' remittances recorded an inflow of US$3.2 billion during May 24. In terms of growth, during May 24, remittances increased by 15.3 percent on m/m basis and by 54.2 percent…

Elevate, a fintech, based in London and Dubai, has secured financing of $5 million to expand further into South Asia. They've raised a total of $10 million in equity and…

Syngenta Pakistan has entered into an MoU with C-Shine Pakistan, marking the launch of the first-ever Syngenta Professional Solutions (SPS) Franchise in Pakistan. This strategic collaboration is set to revolutionize…

·         We anticipate the central bank to initiate the first round of monetary easing with a token rate cut of 100-150bps in the upcoming committee meeting. ·         Both Ghana and Sri Lanka,…

JazzCash and the State Bank of Pakistan (SBP) have joined forces to revolutionize financial transactions at cattle markets ahead of Eid-ul-Azha. This partnership enables the use of interoperable RAAST QR…

Karandaaz Pakistan, an impact investment platform dedicated to driving sustainable economic growth and strengthening financial and social protection systems for inclusion, announced its partnership with PostEx, a leader in e-commerce…

Building on their dedication to youth empowerment, BankIslami, Pakistan's leading Islamic bank, proudly announces the successful completion of the BankIslami Umeed Digital Certifications Program on May 31, 2024. This program,…

The total liquid foreign reserves held by the country stood at US$ 14,315.4 million as of May 24 2024. The break-up of the foreign reserves position is as follows: Foreign…

Meezan Bank, Pakistan's leading Islamic bank, has officially commenced operations with Meezan Exchange Company Limited (MECL), its wholly-owned subsidiary in Karachi. MECL will offer remittance and forex services to all…

The Digital Banking Initiative of JS Bank, Zindigi, has partnered with 5th Pillar Family Takaful, a prominent provider of Takaful products and services, to make Hajj and Umrah pilgrimages more…

The graduation ceremony for the flagship Islamic Finance Talent development program – Meezan Justuju, was held today at the Institute of Business Administration (IBA) in Karachi. Chairman IBA CEIF (Centre…

JS Investments announces the remarkable success of the JS Momentum Factor ETF, Pakistan's first Smart Beta ETF. Launched in 2021, the JS Momentum Factor ETF represents a groundbreaking advancement in…

Raqami Islamic Digital Bank Ltd. (RIDBL), one of five aspirants to the digital retail bank license under the Licensing and Regulatory Framework for Digital Banks, 2022, is thrilled to announce…

In a groundbreaking move that underscores its commitment to innovation, Salaam Takaful Limited has pioneered a new era, not just in Pakistan, but globally, with the launch of Salaam Family…

JS Bank, one of the fastest-growing banks in the country, has partnered with Euronet Pakistan, a division of Euronet Worldwide and a global payment processing and transaction services provider, to…

The total liquid foreign reserves held by the country stood at US$ 14,626.4 million as of 10-May-2024. The break-up of the foreign reserves position is as under: Foreign reserves held…

NymCard, a leading embedded finance solutions provider in MENAP, has signed a strategic partnership with Dellsons Associates (Pvt) Ltd, a renowned banking consultancy firm, to promote innovation in the fintech…

Garaj, Pakistan's fastest-growing local cloud service provider, has partnered with Mashreq Pakistan, a part of Mashreq, the leading financial institution in the MENA region, to provide data centre hosting services…

Risk Associates, Pakistan's leading PCI Qualified Security Assessor (QSA), has recently announced Meezan Bank's certification with the PCI 3DS (Payment Card Industry Three Domain Secure) standard. This milestone positions Meezan…

easypaisa, has signed an agreement with IGI Life and IGI General, laying the foundation for digital distribution of various insurance-based products, ensuring provision of ease and convenience to millions of…