SBP Grants 1LINK Designated Payment System Status to Strengthen Pakistan’s Digital Economy
The State Bank of Pakistan has officially designated 1LINK as a Payment System Operator under the Payment Systems & Electronic Funds Transfer Act, 2007, marking a milestone in advancing digital payments and financial inclusion.
Bank of Punjab Posts 278% Surge in Operating Profit for 1H 2025, Announces First-Ever 10% Cash Dividend
The Bank of Punjab (BOP) reported record-breaking results for the first half of 2025 with a 278% growth in operating profit, doubling pre-tax earnings, and announcing its first-ever 10% interim cash dividend, while expanding its role in financial inclusion and government-backed initiatives.
SBP Designates 1LINK as Official Payment System Operator
The State Bank of Pakistan has designated 1LINK as an official payment system operator, reinforcing its role as a core player in Pakistan’s digital finance infrastructure. The move strengthens oversight and promotes secure, efficient, and inclusive financial services.
Punjab Provincial Cooperative Bank Partners with TouchPoint to Enhance ATM Services
Punjab Provincial Cooperative Bank Limited has signed an agreement with TouchPoint to strengthen its ATM services, aiming to improve reliability, uptime, and customer satisfaction while advancing its digital banking strategy.
FBR’s Rs200,000 Cash Limit to Push Retailers and E-Commerce Towards Digital Payments
FBR has capped cash transactions at Rs200,000, including e-commerce CoD orders. The move is set to push retailers and consumers toward digital payments and financial inclusion.
Government Accelerates Raast Expansion and Digital Economy Drive: PM
Prime Minister Shehbaz Sharif has directed provinces to expand Raast to the district level as part of the government’s drive towards a cashless economy. Plans include digital IDs for all citizens, stronger payment linkages, and expanded fibre infrastructure to accelerate financial inclusion.
Ahmed Naazer Minhaj Appointed President and CEO of ASA Microfinance Bank Pakistan
ASA Microfinance Bank Pakistan welcomes Ahmed Naazer Minhaj as its new President and CEO, marking a strategic step forward in advancing financial inclusion and sustainable microfinance solutions across the country.
SECP Unveils Strategic Overhaul to Strengthen Pakistan’s Mutual Funds Sector
The SECP has introduced major regulatory and digital reforms to modernize Pakistan’s mutual funds industry, including SRO status for MUFAP, a Digital AMC Framework, and an ETF development committee.
HBL Reports 30% Surge in Half-Yearly Profit Before Tax, Advances Client-Centric Innovations and Inclusive Finance
HBL posts a 30% YoY rise in profit before tax for H1 2025, reaching Rs 75.3 billion. Backed by a strategic focus on client-centric growth, AI-driven engagement, and inclusive financing models, the bank continues to lead innovation in Pakistan’s banking sector.
SBP Recognizes Banks for Advancing Financial Literacy Among Farmers Through AFLP Initiative
The State Bank of Pakistan honors top-performing banks for their efforts in promoting financial literacy under the Agriculture Finance Literacy Program, connecting thousands of farmers with formal banking services.