Tag Archives: The Bizupdate

Karandaaz Partners with Finnect to Unlock Payments Beyond Connectivity

Karandaaz Partners with Finnect to Unlock Payments Beyond Connectivity

Karachi, May 18, 2026: Karandaaz Pakistan partnered with Finnect after the company won the 1st Offline Payments Innovation Challenge. Together, they will deploy offline payment solutions that work in low or no-connectivity areas. As Pakistan moves toward a digital economy, connectivity gaps still slow down digital payment adoption. Therefore, Karandaaz …

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BankIslami and EXIM Bank Sign Pakistan’s First Shariah-Compliant Trade and Export Finance Partnership

BankIslami and EXIM Bank Sign Pakistan's First Shariah-Compliant Trade and Export Finance Partnership

KARACHI, May 14, 2026: BankIslami, one of Pakistan’s fastest-growing Islamic financial institutions, signed a Memorandum of Understanding (MoU) with the Export-Import Bank of Pakistan (EXIM Bank). With this step, both institutions launched Pakistan’s first Shariah-compliant trade and export finance partnership of its kind. Moreover, the collaboration aims to strengthen the …

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