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 […]

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 […]

Arif Habib Limited (AHL), Pakistan’s leading Brokerage and Investment Banking Firm, has been recognized in 6 categories by CFA Society Pakistan at their 20th Annual Excellence Awards for 2023. AHL received Best Brokerage House, Best Corporate Finance House (Equity and Advisory), Best Corporate Finance House (Fixed Income), Best Economic Research House, Investment Ideas Competition (Winner) […]

Telenor Microfinance Bank, the operator of Pakistan’s leading digital financial services platform, easypaisa, has received In-Principle Approval (IPA) for Digital Retail Bank (DRB) license from the State Bank of Pakistan (SBP) under the Licensing and Regulatory Framework for Digital Banks. This remarkable achievement positions TMB as a digital bank poised to offer a wide array […]

Standard Chartered Bank Pakistan announced the strengthening of its Digital Banking Solution at a press conference today. This full-fledged client-centric solution will enable the Bank’s clients to enjoy the benefits of 24X7 banking convenience and most of all, experience unparalleled financial services in the digital age. It has been developed leveraging global expertise and best […]

Dellsons Associates, in collaboration with leading commercial banks, will organize an international conference, Pakistan Remittance Summit, in Dubai next month to appreciate the role of overseas Pakistanis in supporting the national economy through remittances. The conference will also educate overseas Pakistanis to utilize formal banking channels through various options available in formal channels in order […]

Summit Bank Limited is pleased to announce that the State Bank of Pakistan has granted its consent to change Summit Bank’s name to Bank Makramah Limited (abbreviated as BML). This will become effective subject to other regulatory and corporate approvals. This name change follows the recent acquisition of a controlling stake in Summit Bank by […]

Huawei Technologies Ltd and Khazana Enterprise have taken a monumental step to build the first-of-its-kind, hyper-scaler financial cloud in the country. They announced this at the launch event attended by key leaders from the financial industry, government, and business sectors of Pakistan.   The First National In-Country Cloud is a leap not just for the […]

1LINK Pvt. Limited, Pakistan’s largest payment switch, and Mastercard, a global technology company in the payments industry, have signed a Memorandum of Understanding (MoU) to collaborate on transforming Pakistan’s payments landscape. Present at the ceremony were teams from Mastercard, State Bank of Pakistan, 1LINK Board of Directors, and Management. This strategic partnership aims to drive […]

HugoBank, Pakistan’s latest digital bank led by a Singapore Consortium, today announced the proposed appointment of Atyab Tahir as Chief Executive Officer, subject to the State Bank of Pakistan’s fit and proper assessment. Following the company’s incorporation, Atyab will set up and lead HugoBank in Pakistan to offer digital banking services to people and small […]