Banking
Digitalization to drive Financial Services and Economic Development: Governor SBP
KARACHI: 02 October 2024, Governor of the State Bank of Pakistan, Mr Jameel Ahmad, has stated that rapid technological change has not only enabled banks to offer innovative financial services to customers but also empowered regulators to ensure compliance effectively and efficiently through advanced data collection and processing capabilities. He delivered his keynote address at…
Qist Bazaar Raises US$3.2 M ‘Series A’ Funding
Karachi, Pakistan – Qist Bazaar, Pakistan’s Buy Now Pay Later (BNPL) fintech startup, announced that it has secured US$3.2 million in its Series A funding round. The round was led by Indus Valley Capital, with participation from Gobi Partners holding US$1.6 billion in assets under management (AUM). Bank Alfalah, has already invested in it. Qist…
NBP Launches Easy Loan Facility “Cash N Gold” to Meet Customer Needs
Islamabad: 21, September 2024, National Bank of Pakistan introduces its latest service, “NBP Cash N Gold,” offering a seamless way for customers to obtain quick loans against their gold items. With the promise of easy terms, minimal paperwork and competitive processing, NBP provides a hassle-free experience for those needing immediate funds. Customers can borrow up…
TPL Corp to acquire FINCA Microfinance Bank Limited
KARACHI, September 20, 2024: TPL Corp Limited (“TPL”), TPL and Abhi (Private) Limited have jointly entered into a Share Purchase Agreement to acquire FINCA Microfinance Bank Limited. Following Sections 96 of the Securities Act, 2015 and Clause 5.6.1(a) of the Rule Book of the Pakistan Stock Exchange Limited, TPL Corp has informed that on the…
Pak-Qatar family takaful, Meezan Bank sign agreement to launch instant withdrawals facility
Karachi, September 10, 2024: Pak-Qatar Family Takaful Limited (PQFTL), Pakistan’s Pioneer and leading Family Takaful Company and Meezan Bank, Pakistan’s leading Islamic bank, have announced a strategic partnership aimed at revolutionizing the financial landscape in Pakistan. This collaboration was formalized through a Memorandum of Understanding (MoU) signed by Mr. Waqas Ahmad – Chief Executive Officer,…