Kashf Foundation renews $15M loan partnership with FMO to empower women entrepreneurs in Pakistan
Kashf Foundation secures its second $15M loan facility with FMO Dutch development bank to expand financial access for women entrepreneurs and underserved households in Pakistan.
Bank of Khyber partners with KuickPay to launch POS services, driving digital payments in Pakistan
Bank of Khyber has launched its POS acquiring services in partnership with KuickPay, a strategic move aimed at expanding Pakistan’s digital payments infrastructure, supporting merchants, and promoting financial inclusion.
Swich Partners with HBL Konnect as Agent Network Manager to Drive Financial Inclusion Across Pakistan
Swich has partnered with HBL Konnect as an Agent Network Manager, starting in Karachi and expanding nationwide, to drive financial inclusion, empower SMEs, and strengthen Pakistan’s fintech ecosystem.
Bank Islami Appoints New Chief Digital Officer to Drive Transformation
Bank Islami has appointed Waqas Anis its new Chief Digital Officer. With expertise in digital banking and fintech, he will lead the bank’s efforts to strengthen digital services, enhance customer experience, and expand technology partnerships.
Jubilee Life and UBL Partner to Launch Innovative Traditional Endowment Insurance Products
Jubilee Life Insurance and UBL have launched traditional endowment products offering guaranteed maturity benefits, early break-even, surrender value, and reversionary bonuses, aimed at strengthening financial security and inclusion in Pakistan.
Pakistan Rolls Out CBDC Pilot to Transform Financial Inclusion and Cut Cash Costs
The State Bank of Pakistan launches a pilot of its central bank digital currency (CBDC), aiming to digitize payments, lower cash handling costs, and bring millions of unbanked citizens into the formal economy.
SBP Establishes Unified Account for Prime Minister’s Relief Fund Donations
The State Bank of Pakistan (SBP) has opened a single unified account for the Prime Minister’s Relief Fund, directing all banks to collect donations through branches, cheques, and digital channels, while also facilitating overseas contributions.
Govt Seeks SBP Review on Rs3.5 Billion Raast QR Subsidy Impact
The government has tasked the State Bank of Pakistan to prepare a detailed report on the Rs3.5 billion Raast QR subsidy, assessing its impact on merchant adoption, transaction volumes, and the growth of digital payments.
SBP Orders Banks to Deploy Cash Deposit Machines Nationwide by 2028
The State Bank of Pakistan has directed commercial banks to install Cash Deposit Machines across 25% of their branch network by 2028 to promote self-banking, enhance customer convenience, and strengthen digital infrastructure.
Ahmed Naazer Minhaj Appointed President & CEO of ASA Microfinance Bank
ASA Microfinance Bank has appointed Ahmed Naazer Minhaj as its new President and CEO, bringing over 25 years of leadership experience to drive financial inclusion and support Pakistan’s low-income communities.