Allied Bank Accelerates Digital Transformation and Islamic Banking Expansion
Allied Bank Limited unveils a massive tech-driven strategy for 2026 including artificial intelligence integration and a 5 million debit card milestone.
ATIR Ruling Reclassifies Banking IT Assets as Plant and Machinery for Tax Benefits
The Appellate Tribunal Inland Revenue has ruled that banking computers and office equipment now qualify as plant and machinery under Section 23 for better tax depreciation.
Al Baraka Bank Launches Digital Hub and PayPak Pink Debit Card to Boost Pakistan’s Digital Payments
Al Baraka Bank Pakistan, a founding member of PayPak Pink Debit Card, launches Digital Hub and Digital Auto Financing initiatives in collaboration with 1LINK, reinforcing the country’s digital payment ecosystem.
Al Baraka Bank Pakistan Launches Digital Hub and Digital Auto Finance to Drive Islamic Banking Innovation
Al Baraka Bank Pakistan has inaugurated its Digital Hub and introduced Digital Auto Finance, strengthening its digital transformation strategy and expanding Shariah-compliant financial solutions for customers across Pakistan.
TouchPoint’s Cadepo Meets SBP Regulatory Standards for Cash Deposit Machines
TouchPoint’s Cadepo Cash and Cheque Deposit Solution meets the State Bank of Pakistan’s regulatory benchmark for CDMs, strengthening digital banking and cash management infrastructure.
PBA and SBP Conduct Pakistan’s First Industry-Wide Cyber Drill to Boost Cyber Resilience
Pakistan Banks’ Association, in collaboration with the State Bank of Pakistan, launches the country’s first industry-wide cyber security drill to enhance cyber resilience across financial institutions.
DAZTECH Completes Oracle Exadata Project for Askari Bank, Boosting Banking IT Infrastructure
DAZTECH announces the successful implementation of Oracle Exadata Engineered Systems for Askari Bank, enhancing performance, scalability, and security in banking IT infrastructure.
SBP Q1 FY26 Payment Systems Review Highlights Surge in Digital and Mobile Payments
The State Bank of Pakistan has released its first Quarterly Payment Systems Review for FY26, reporting strong growth in digital, mobile app-based and Raast payments, reflecting Pakistan’s accelerating shift toward a digitally enabled payments ecosystem.
1LINK Secures Mastercard Certification for Card Personalization Bureau, Enhancing Pakistan’s Payments Infrastructure
1LINK’s PCI-compliant Card Personalization Bureau receives Mastercard certification, supporting PayPak, Mastercard, co-badged, and UPI cards with secure, scalable, and automated card fulfillment services.
Pakistan’s First Co-Badge Debit Card Launched by Faysal Bank with PayPak and Mastercard
Faysal Bank has launched Pakistan’s first co-badge debit card in partnership with PayPak and Mastercard, offering secure local and global payments while promoting financial inclusion and digital transformation.