Pak-Qatar Family Takaful IPO to Raise Rs1.1 Billion for Expansion and Digital Growth
Pak-Qatar Family Takaful Limited plans to raise Rs1.1 billion through Pakistan’s first dedicated Family Takaful IPO. The funds will expand digital channels, enhance customer products, and strengthen operations.
Askari Bank Teams Up with AutoSoft Dynamics to Launch Advanced Digital Lending System
Askari Bank partners with AutoSoft Dynamics to implement a state-of-the-art Digital Lending and Loan Origination System, enhancing customer experience, operational efficiency, and risk management.
NRSP Microfinance Bank Teams Up with Eocean to Enhance SMS Communication Across Pakistan
Eocean collaborates with NRSP Microfinance Bank to provide secure and real-time SMS shortcode services, improving outreach, digital inclusion, and beneficiary communication nationwide.
PSX Introduces Cash-Settled Futures for Lower-Cost, Transparent Trading
Pakistan Stock Exchange introduces Cash-Settled Futures, enabling investors to trade and hedge with lower capital, cash-only settlement, and simplified corporate action adjustments.
Islamabad Advances Cashless Economy With Raast QR Code System Across City
Islamabad begins citywide rollout of Raast QR-code payment system covering commercial centres, malls, markets, and transport services as part of Pakistan’s first fully cashless city initiative.
NIBAF Pakistan and Maldives Islamic Bank Form Strategic Training Partnership Through MoU
NIBAF Pakistan and Maldives Islamic Bank have signed a strategic MoU to enhance professional development across multiple banking disciplines including credit risk, Islamic finance, cybersecurity, fintech, and sustainable finance.
Governor SBP Highlights Collaboration and Innovation as Key to Pakistan’s Digital Finance Future
Governor State Bank of Pakistan, Jameel Ahmad, stresses collaboration among banks, fintechs, and regulators to accelerate digital financial services, enhance inclusion, and strengthen cybersecurity at the Future of Banking Summit 2025.
Pakistan’s Push Toward Inclusive Banking: Progress and Persistent Gaps in Women’s Financial Empowerment
Pakistan’s banking sector shows progress in women’s inclusion, with 17 million new female accounts and a 9% reduction in the gender gap. Yet, persistent inequalities reveal the need for deeper, data-driven strategies to achieve true financial empowerment.
EFU Life and Mawazna Partner to Redefine Health Protection Through Digital Innovation
EFU Life and Mawazna.com have joined forces to launch digital-first, cashless health insurance solutions, including both Conventional and Takaful options. This partnership aims to make quality healthcare more accessible and convenient for families across Pakistan through technology-driven financial protection.
The Bank of Punjab Honored as Top Bank for Financial Inclusion at 9th Annual Microfinance Conference
The Bank of Punjab has been recognized as the Top Bank for Financial Inclusion at the 9th Annual Microfinance Conference. The award celebrates the bank’s initiatives to expand access to finance, promote inclusion, and empower underserved communities through digital solutions and innovative banking strategies.