Karandaaz Pakistan, a development finance firm at the forefront of promoting financial inclusion and driving digital transformation in Pakistan, held the first roundtable session to deliberate on Open Banking with industry stakeholders including senior representatives from regulators, banks, fintech, and technology platforms among others. Karandaaz Pakistan recently issued a white paper that explores the advantages […]

InfraZamin Pakistan, a licensed NBFI and credit guarantee provider, in partnership with Kashf Foundation, a not-for-profit and licensed microfinance institution, is proud to announce the closing of South Asia’s and Pakistan’s inaugural ‘Gender Bond’ thereby revolutionizing financial empowerment and inclusion for women. The Bond, which holds a prestigious long-term AAA rating by PACRA, marks a […]

Careem, the pioneer of ride-hailing in Pakistan, launched Flexi Ride in Islamabad and Rawalpindi. Flexi Ride is a new ride-hailing option redefining freedom of choice for customers and Captains by enabling them to choose their preferred price. The Flexi Ride offers three categories; Flexi GO, Flexi GO Mini, and Flexi Bikes. At the time of […]

Jubilee Life Insurance, Pakistan’s largest private sector insurance company, proudly celebrated its 5th consecutive year of collaboration with SEED Ventures on the Enterprise Challenge Pakistan (ECP), the country’s premier business challenge for school children with an event held at the British Deputy High Commission (BDHC) Karachi, Pakistan. The keynote address at the event was delivered […]

Standard Chartered Bank Pakistan has signed an un-funded Risk-Participation Agreement with the International Finance Corporation. The USD 200 million PKR equivalent program, will see the IFC cover 50% of Standard Chartered’s risk against short term-trade and working capital-funded loan facilities for corporate clients based in Pakistan. Standard Chartered and IFC aim to leverage their long-standing […]

Bank Alfalah and J.P. Morgan Payments have come together to form a strategic engagement to empower individuals to experience real-time transactions like never before under J.P. Morgan’s Xpedite Remit Service, an advanced service that brings real-time transactions to the forefront, where speed, reliability, and customer satisfaction take center stage. With this new strategic engagement, Bank […]

The Institute of Business Management (IoBM) holds a two-day International Conference on Islamic Banking and Finance (ICBIF) 2023 on 14th, and 15th November 223. Focusing on the theme of “Sustainable Development and Islamic Finance: Examining the Role of Islamic Financial Institutions in Promoting Sustainable Economic Growth, Ethical Investments, and Technological Innovations”, the high-profile conference highlighted […]

Garaj, Pakistan’s fastest-growing local cloud service provider, has partnered with Mobilink Microfinance Bank Ltd. (MMBL), VEON’s financial services arm, to transform the Bank’s branch networking infrastructure through the integration of cutting-edge Software Defined Wide Area Networks (SDWAN). This initiative is set to tap into one of the fastest-growing segments in the global network infrastructure market, […]

In a groundbreaking initiative, Careem, a pioneer of ride-hailing services in Pakistan, has partnered with the Lahore University of Management Sciences (LUMS) to launch “Asset-based Finance for Microenterprises in Pakistan’. The partnership is aimed at uplifting and empowering women in Pakistan by offering them the opportunity to become self-reliant entrepreneurs and contribute to the socio-economic […]

Women-led businesses in Pakistan primarily face funding, digitization, and advisory challenges according to Visa’s Women SMB Digitization Index survey. In order to address these challenges, Visa, a world leader in digital payments is launching its global She’s Next grant program in Pakistan for the first time in partnership with HBL, Pakistan’s largest private bank, which […]