The Nort and the first ever 6 Month Fast-Track Incubation Program to induct a new batch of innovative startups, looking to build capacity and scale-up.  Open for all Pakistani nationals, this hybrid program will take select startups through an accelerated journey towards achieving growth. Startups can also become part of the Jazz xlr8 program – […]

Fortescue Group chairman says they will create jobs, economic opportunities In Pakistan Adviser to Prime Minister on Commerce and Investment Abdul Razak Dawood hailed Australian inventors for injecting capital into different sectors of Pakistan. During a meeting with a delegation of Fortescue Metals Group Limited, headed by Group Chairman Andrew Forrest, Dawood said the approach […]

Telenor Microfinance Bank, the first scheduled microfinance bank of Pakistan and the operator of the country’s leading digital payments platform Easypaisa has received an investment of US$45 million from its shareholders Telenor Group and Ant Group Co., Ltd. (Ant Group). The investment by the shareholders has further strengthened the Bank’s capital position and placed the […]

International Hospitality Investment Group (IHIG) Pakistan, a subsidiary of IHIG UK, announces the expansion of its portfolio to build shopping malls, with the fractional ownership system. The first project under its real estate division is launched in the heart of Karachi as a part of IHIG’s investment expansion plans in Pakistan. Explaining the concept, Mr. […]

Barclays has partnered with Scalable Capital to launch a new digital advice service for its current account customers. It will tackle the UK’s advice gap and give more people the confidence and support to invest their savings. The new service called Barclays Plan & Invest. This device will create a personalized investment plan that’s tailored […]

A Global Banking software provider was announced by IBS Intelligence as the leader in the Islamic financial services sector in IBS Islamic Sales League Table (SLT) 2020. For the eighth year in a row, Path Solutions was recognized as the undisputed leader in Islamic Banking with more new Islamic deals signed in 2019 than any of […]

The National Incubation Center has announced that its alumni startup, Xylexa, has raised a pre-seed round of investment. Xylexa is using Artificial Intelligence and Machine Learning to develop a computer-aided diagnostics platform, for automated, accurate, timely, and cost-effective medical image diagnosis. Using pathology-verified data, Xylexa’s computer vision and ML algorithms analyze and interpret a patient’s […]

HBL and the Pakistan Post Office Department (PPOD) have entered into a 20-year strategic alliance to further financial inclusion by leveraging digital technology. Under this agreement, HBL will provide investments in the form of technology, infrastructure, and capacity enhancement to the PPOD with the objective of enabling, technology-based and regulatory compliant digital, financial services in […]

A meeting of the Board of Directors of The Bank of Punjab was held on May 19, 2020 to consider and approve the un-audited Financial Statements for the 1st quarter of the year ended March 31, 2020. During the 1st quarter of the year 2020, Bank’s Net Interest Margin (NIM) remained a little subdued at […]

Omer Bin Ahsan, Chief Executive Officer, Haball shared his insights on impact of pandemic out-break on digital financial services in Pakistan with our editor in Chief during an exclusive Q&A session on COVID-19. 1. How do you think the financial industry change post COVID-19? They will read the writing on the wall on their insourced […]