Payments giant Visa is buying Silicon Valley start-up Plaid in a deal worth $5.3 billion Plaid’s API software, known for “plumbing” behind fintech companies, lets start-ups connect to users’ bank accounts. It’s well-known among fintech developers, but the average person most likely wouldn’t recognize the name. It helps developers share banking and other financial information […]

The Malaysian government is looking to expand its palm oil trade with Pakistan after the world’s biggest palm oil buyer, India, imposed new restrictions on its traders. “Pakistan is one of Malaysia’s most regular and dependable buyers of local palm oil and products,” Malaysian Primary Industries Minister Teresa Kok said, read a statement by the […]

Minister for Economic Affairs, Hammad Azhar has said that investment in the country has increased by seventy-eight percent because of the prudent policies of the government. Addressing an event in Lahore, he said that the value of rupee is now stabilizing and inflation will come down in the coming months. “Investment in the country has […]

The State Bank of Pakistan (SBP)  said banks would electronically submit foreign exchange related cases through SBP’s online portal after its formal launch this month. According to the release statement by the central bank The SBP aims to digitalise processes and move towards a paperless environment, which would ultimately benefit the businesses, a statement said. […]

Prime Minister Imran Khan on Thursday inaugurated Pakistan’s largest skills development programme titled ‘Hunarmand Jawan’ “Hunermand Jawan Pakistan programme will take us on the path to where Quaid-e-Azam Muhammad Ali Jinnah wanted us to be,” the prime minister said during his speech at the launch ceremony in Islamabad “I need you all to understand that […]

Visa, a leader in digital payments, announced that Euronet Worldwide, a global financial technology solutions and payments provider based in Dubai, will be working together to augment Visa’s Fintech Fast Track programme in Central and Eastern Europe, the Middle East, and Africa (CEMEA). The program makes it quicker and easier for fintech partners to build […]

State Bank of Pakistan (SBP) has directed conventional and microfinance banks to allow cash deposits into merchant accounts by the owners, which are mostly retailers of various goods and services. As per the revised amendments in ‘Regulations for Digital On-boarding of Merchants,’ Banks/MFBs shall ensure that Merchant Accounts are only used for digital collection of […]

Prime Minister Imran Khan has launched Zindagi App – a mobile application with information on drug control. According to details, the application will carry all necessary information about narcotics and drug control. Speaking at the launch event in Islamabad, PM Khan said that drugs are destroying the country’s youth. “There was a time when we […]

    Its is essential to take steps to remove trade barriers between the two countries , Pakistan and Iran  and to reduce the high customs duties to encourage legal trade and discourage smuggling, said Iran’s former commercial attaché in Pakistan Morad Nemati Zargaran.   They also called upon establishing banking channel between the two […]

The Securities and Exchange Commission of Pakistan (SECP) has issued Regulatory Sandbox Guidelines 2019 to promote innovation in financial sector and encourage startups. The guidelines are aimed at reducing regulatory obligations through allowing testing of new products, business models, and services in the Regulatory Sandbox. The regulatory sandbox will be available for all the regulated […]