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.
Karandaaz survey shows Pakistan’s decade of financial inclusion gains but urges deeper financial agency by 2028
The Karandaaz Financial Inclusion Survey 2024 reveals how Pakistan has expanded financial access over the past decade but still faces key hurdles. Experts stress the need to shift focus toward meaningful usage and financial agency to achieve NFIS 2028 goals.
PBA and top banks join hands with finance ministry, SBP to advance strategic reforms in Pakistan
The Pakistan Banks’ Association is deepening collaboration with the Ministry of Finance, SBP, and leading banks to drive strategic reforms aimed at strengthening businesses, empowering people, and aligning policy with long-term economic growth.
Digital Payments Hit Record High in Q3 FY25 as SBP Reports Surge in Mobile and E-Commerce Transactions
SBP’s Q3 FY25 report highlights robust growth in Pakistan’s digital payments sector, with mobile banking, wallets, and e-commerce transactions rising significantly and digital platforms covering 89% of all retail payments.