Pakistan’s Mutual Funds Cross Rs. 4 Trillion Milestone Amid Digital Investment Boom
Pakistan’s mutual fund industry has achieved a major milestone as total assets under management crossed Rs. 4 trillion, signaling strong investor confidence, digital adoption, and financial awareness despite declining profit rates.
Paysys Labs and Al Baraka Bank Pakistan collaborate to implement SWIFT MT-MX Converter for ISO 20022 migration
Paysys Labs and Al Baraka Bank Pakistan have partnered to implement the SWIFT MT-MX Converter powered by OpenConnect, enabling the bank to align with SWIFT’s ISO 20022 CBPR+ standards and strengthen its digital financial infrastructure.
The Future of Digital Banking in Pakistan: Transformative Shifts
Pakistan’s digital banking ecosystem is evolving rapidly with initiatives like Raast, Roshan Digital Accounts, and the SBP’s regulatory push. These shifts are driving financial inclusion, innovation, and a move toward a cashless economy.