HBL Microfinance Bank partners with SCO to establish software Technology Park in Skardu
ISLAMABAD, PAKISTAN: HBL Microfinance Bank (HBL MfB) has announced its partnership with Special Communications Organisation (SCO) to establish and operate the first-ever Software Technology Park...
ABHI becomes first fintech in MENAP region to issue Islamic bonds
KARACHI, PAKISTAN: ABHI, a leading embedded finance platform in the Middle East, North Africa and Pakistan (MENAP) region, has announced that it has issued Islamic...
United Bank Limited Goes Live with Temenos Digital Banking Platform for Corporate Lending
United Bank Limited (UBL), one of the largest banks in Pakistan with 11 million customers, has gone live with Corporate Lending on Temenos digital banking...
Qistbazaar achieves Rs.1.0 billion sales milestone in just 17 months
Karachi: Qistbazaar, a leading e-commerce start-up, has achieved the milestone of Rs. 1.0 billion in sales, in just 17 months since its establishment in November...
Businesses are in steep decline
According to a Gallup Pakistan Survey with business owners in the first quarter of 2023 for the Gallup Business Confidence Index report, pessimism about the...
Pakistan stock exchange decline 21% in the first quarter of 2023
KARACHI: Economic and political issues affected Pakistan bourse in 1Q2023. As a result Pakistan Stock Exchange (PSX) benchmark KSE Index fell 1% in 1Q2023. With...
Meezan Bank partners with PaySa to expand point of sale payment services
KARACHI, PAKISTAN: Meezan Bank and PaySa, a fintech startup specializing in digital payments, have partnered to enable Point of Sale (POS) payment services to tap...
Meezan Bank & Fieldfisher Capital join hands to provide Islamic Finance Advisory to Europe & Middle East
KARACHI: Meezan Bank, Pakistan’s leading Islamic Bank, has recently signed a Memorandum of Understanding (MoU) with Fieldfisher Capital LLP (FFC) – a multi-disciplinary advisory service,...
Shell Pakistan announces financial results for 2022
KARACHI: Board of Directors of Shell Pakistan Limited (SPL) announced the company’s financial results for the year ended December 31st, 2022. The company posted a...
Profit repatriation from Pakistan declines to all-time low at $2.9mn per month
KARACHI: Profit repatriation out of Pakistan has declined from average $135 million/month during FY22 to $30 million/month during 7MFY23 (July-January 2022-23) over efforts to contain...
Pakistan’s car sales decline 40% amidst muted demand
KARACHI, PAKISTAN: Pakistan Automotive Manufacturing Association (PAMA) has released the sales and production data for the month of Feb’23, where car sales are down by...
Pakistan’s food companies post 23% profitability growth in CY22
KARACHI: Pakistan’s listed food companies’ annual revenues have expanded by 34% YoY, which analysts believe is a result of higher unit prices. To recall, CPI...