Pakistan has asked the International Monetary Fund (IMF) to relax conditionalities under the $ 6 billion Extended Fund (EFF) related to the Financial Action Task Force (FATF) and the issuance of sovereign guarantees to help raise more than $ 4 billion of national and international funds markets. Pakistan has budgeted around $ 3 billion […]

The trail blazing Pakistani fintech behind the popular SimSim mobile wallet, had received an in-principle approval from the State Bank of Pakistan for an Electronic Money Institution (EMI). The EMI license will allow Finja to aggressively expand its operations by forging a fresh set of partnerships and interconnects with select banks and ecosystem partners in […]

Exxon Mobil, the US energy company plans to build its third largest LNG terminal as it has acquired a contract to supply liquid natural gas (LNG) to private-sector consumers. The terminal will be built in Karachi as a joint venture with Pakistan. ExxonMobil, along with Pakistan’s exploration and production companies, recently dug a shoreline to […]

Adil Bashir, chairman of the All Pakistan Textile Mills Association (APTMA) Punjab, assured to  work with the European Union (EU) on all measures to secure the stability and growth of textile industry in Pakistan. Talking to EU Ambassador designate to Pakistan, Androulla Kaminara on Tuesday, Bashir said that APTMA had played an active role in […]

Government of Khyber Pakhtunkhwa has announced a plan to provide rescue 1122 fire brigade and ambulance services to the citizens with  the online ride-hailing company, Careem. This service can be availed from this week by Cream App. Initially, 50,000 citizens will have access to the facility in selected areas of the provincial capital.  Both partners […]

The Ministry of Finance Punjab in partnership with State Bank of Pakistan (SBP), Punjab Information Technology Board (PITB) and 1LINK (pvt.) Limited (1LINK) have launched e-Pay Punjab app for ease of doing business and to facilitate the Business-to-Government (B2G) and Public-to-Government (P2G) payments. The launching ceremony was attended by Finance Minister Punjab Hashim Jawan Bakht, […]

UBL is the first bank in Pakistan who has partnered up with Gemalto, a Thales company, Visa and 1LINK to launch digital payment through tokenization on the UBL Digital App. The aim is to offer traditional payment services into convenient, secure and rewarding digital payment experiences. With this ambition in mind UBL will enable its […]

On Wednesday, the state-of-the-art non-interference inspection (NII) container scanning terminals were launched at the Eastern and Western Wharf of Bin Qasim port and Karachi Port. Ambassador of Japan, Kuninori Matsuda and Federal Board of Revenue (FBR) Chairman Shabbar Zaidi inaugurated the NII terminals. These terminals will facilitate the increased volume of cargo traffic at Pakistani […]

JS Bank Limited on Tuesday announced the launch of the first ‘self service’ banking channel on WhatsApp in Pakistan According to a press release issued by JS Bank, the channel was launched in collaboration with Infobip and WhatsApp Business Solutions, the global leader in omnichannel engagement. At launch, the service is set up for customers […]

Foree is a mobile payment platform that enables users to pay anyone using QR codes, mobile number, CNIC number, email address, Twitter handle, Facebook or Foree address (a virtual payment address). State Bank of Pakistan (SBP) has granted permission to Foree to provide payment services in Pakistan. It is a universal, low-cost digital payment platform […]