SBP
Veon Group Invests $15 Million in Mobilink Bank for Growth and Tech Advancements
ISLAMABAD: Veon Group, a global digital operator, has invested $15 million in Mobilink Bank Pakistan to support the bank’s growth initiatives and technological transformation. The…
Park View Enclave Challenges Silkbank-UBL Merger in Sindh High Court
Park View Enclave (Private) Limited has initiated legal proceedings against the proposed merger between Silkbank Limited and United Bank Limited (UBL). The lawsuit, filed in…
Digital Payment Share Reaches 87% of Total Retail Transactions; SBP Report
Karachi: The State Bank of Pakistan (SBP) has reported a significant shift toward digital payments, with digital channels now processing the majority of retail transactions…
Federal Govt Tables ‘Digital Nation Pakistan Bill 2024’ in National Assembly ; What is in it?
Islamabad: The federal government on Monday tabled the Digital Nation Pakistan Bill, 2024 in the National Assembly (NA), marking a significant step toward establishing a…
SBP Cuts Key Policy Rate by 200 Basis Points to 13% Amid Positive Economic Indicators
ISLAMABAD: The State Bank of Pakistan (SBP) announced on Monday that it has decided to reduce its key policy rate by 200 basis points (bps),…
38000 Out of 2.32 Million Freelancers Hold Bank Accounts
As shocking news broke during a high-level meeting of the Prime Minister’s Committee on IT Export Remittances, it was revealed that out of Pakistan’s 2.32…
Pakistani Banks to Replace OTP with TPIN for Enhanced Digital Security
The State Bank of Pakistan (SBP) has issued a new series of directives for banks and microfinance banks (MFBs) that have adopted the necessary measures…
RAAST Payments to Be Enabled in Online Shopping, Orders SBP
Banks and financial institutions have been instructed by the State Bank of Pakistan (SBP) to implement the RAAST payment system in e-commerce and online purchasing…
OPay Takes Over Finja Operations in New Acquisition
OPay, a leading global fintech platform, has acquired Finja’s operations. When it launched in 2021, Finja was a leading startup and operator in the financial…
SBP Releases Rs55 Coin in Honor of Guru Nanak’s 555th ‘Jayanti’
The State Bank of Pakistan(SBP) issued a commemorative coin on Friday to mark the 555th Jayanti [birth anniversary] of Guru Nanak Dev Ji, the founder…
Banks to Support Financing for EVs, Energy-Efficient Homes, and SMEs with Improved Data Access
Islamabad: Pakistan’s banking sector has pledged to support the financing of energy-efficient households, electric vehicles, and small and medium enterprises (SMEs) to enhance financial inclusion.…
Pakistani Startups Secure $32 Million in FY2024-25 Amid Rebounding Investment Climate
Pakistani startups have made an impressive return to the global investment stage, raising $32 million in the first four months of the 2024-25 financial year.…
SBP Grants Final Approval for TPL Corp and Abhi’s Takeover of FINCA Microfinance Bank
The State Bank of Pakistan (SBP) has granted final approval for TPL Corp Limited and Abhi (Private) Limited to acquire a majority share in FINCA…
