This next-generation mobile payment ecosystem offers an instant line of credit for a range of services and facilitates in-app and contactless lifestyle payment services.  UAE residents can register with Empay, available on Google Play Store and iOS App Store, in just two minutes.  Dubai Economic Department says the App is in line with our role […]

TPL Trakker, Pakistan’s leading IoT Company, has been chosen as the sole Fleet Management Partner for Sialkot Dry Port Trust (SDPT), Asia’s first-ever Dry Port in the private sector. Following the partnership, TPL Trakker will provide SDPT with a customized solution catered to address their business needs. These services will include Online Tracking of their […]

Jubilee Life Insurance, Pakistan’s leading insurance provider in the private sector is partnering with EasyInsurance.com.pk, the country’s fastest-growing insurance aggregator to offer cutting-edge insurance policies at the consumers’ fingertips through a dedicated online buying platform. During the first phase of this platform going live, Jubilee Life will be offering instant term insurance plans for life […]

Jubilee Life Insurance, Pakistan’s leading private sector life insurance provider, has been awarded the prestigious Effie Award in the Insurance category at this year’s awards ceremony which was held virtually. This is the first time any insurance company has won the award in this category and Jubilee Life has been recognized for its ‘Hum Insurance […]

To prepare and implement a roadmap to ensure sustainable market-led financing of housing projects and mortgages in order to promote the development of housing and construction industry in the country, the Governor State Bank of Pakistan, Dr. Reza Baqir, formed a Steering Committee on Housing and Construction Finance last week. The Committee constituted members including […]

Dubai Islamic Bank PJSC (“DIB”), rated A3 by Moody’s and A by Fitch (both stable), successfully closed a USD 1 billion long 5-year Sukuk with a profit rate of 2.95% per annum, which is equivalent to 245bps over the equivalent tenor Mid Swap Rate. DIB’s $1 billion Sukuk is a landmark transaction as it is […]

Rehan Shaikh has been appointed as the Director and Chief Executive Officer (CEO) of the Standard Chartered Bank Pakistan in place of Shazad Dada. Shaikh is the current CEO of Islamic Banking at Standard Chartered, a position he has held since 2015 and is based in Dubai. Rehan Shaikh has diversified banking experience of over […]

Social welfare programs are a critical and challenging subject for developing countries such as Pakistan. Constrained by limited funds, reach and effective management, the Government is caught between a rock and a hard place when it comes to deciding where and how to deploy its resources, especially in times of crisis. In these scenarios, individual […]

Karandaaz Pakistanis providing financing to Excel Labs to initiate COVID-19 testing. With this funding, Excel Labs is building its capacity to carry out an estimated 500 tests daily and more than 10,000 tests a month. This emergency response will help the country build a critical testing capacity to test, track, and control the spread of […]