The Board of Directors of Aisha Steel Mills Limited (ASL) announced the financial result for 1QFY21, where the company posted its highest ever quarterly profit since the inception of PKR 660 million translating into EPS PKR 0.82 Pertinently, sales of the company grew by a stunning 82% YoY as the company undertook expansion in its […]

Earlier this week, RapidCompute, Pakistan’s largest local cloud service provider, announced the formal launch of its Cloud Services designed especially for the banking sector and financial institutions. The company has established dedicated data centers for banking operations with the highest level of security and compliance checks, keeping in mind all legal and policy requirements by […]

Zong4G customers can now reload and apply data bundles from Finja app. Pakistan’s leading connectivity partner, Zong 4G, has joined hands with the new-age fin-tech company, Finja, to facilitate customers in purchasing Zong 4G’s airtime as well as their favourite data bundles on the move using the Finja mobile app.The collaboration is an extension of […]

Khushhali Microfinance Bank has been awarded “Best Microfinance Bank of the Year” by CFA Society Pakistan at the “17th Annual Excellence Awards” ceremony held at a local hotel on Friday. This is the first time that the microfinance industry has been given prominence through the recognition of best performing market leaders at an awards ceremony.  […]

Al Baraka Pakistan has paired with Pakistan’s prominent fintech, Avanza Premier Payment Services (APPS), to allow its customers to pay online via their bank accounts through APPS’ indigenous payment gateway, PayFast. Approved for pilot operations by the State Bank of Pakistan (SBP), PayFast empowers multi-instrument acceptance of Scheme Cards, Mobile Wallets, and Bank Account Numbers. […]

Prime Minister Imran Khan inaugurated the Roshan Digital Account in a ceremony in Islamabad. The Roshan Digital Account is a new initiative of the State Bank of Pakistan (SBP), in partnership with major banks in Pakistan. The Roshan Digital Account is for non-resident Pakistanis (NRPs). Through this account, NRPs will be fully integrated with Pakistan’s […]

Mohsin Ahmed, CEO at Pakistan Microfinance Network (PMN), shares strategies to overcome low financial inclusion in Pakistan and how they are supporting members to promote innovation and entrepreneurship. Ahmed while discussing the affects to recent pandemic on Pakistani economy says, “The bigger challenge on the macro front is to interact with the global economy as […]

Qasif Shahid, Co-Founder & CEO at Finja, shares how they are transforming financial landscape and providing accessible services to Micro Small and Medium Enterprises (MSME) and their stakeholders. Finja is a modern day digital organization that aims to lead Pakistan’s economy towards digital transformation. Mr. Shahid says, “We believe in developing digital efficiencies which is […]

Fawad Anwar, Managing Director of Alkaram Textile Mills, discusses the effects of the recent pandemic over businesses in Pakistan and what new opportunities have presented themselves due to this crisis. Anwar says that COVID-19 affected the whole world, it not only tested the resilience of the masses but also gave a wakeup call to the […]

According to a Press Release dated 27th July issued by the State Bank of Pakistan, JS Bank once again topped the Rozgar Refinance Scheme processing and disbursement which supports the private sector for payment of wages and salaries leading to avoid lay off of employees and prevent unemployment.  The Rozgar Scheme, also known as the […]