Author: yasir

ABHI Microfinance Bank Ltd. has entered into a strategic partnership with Dastak Logistics (Private) Limited to introduce Merchant Lending Services aimed at supporting small and medium-sized businesses across Pakistan with easier access to working capital and business financing. The agreement was formalized at a signing ceremony where Muhammad Umer Rauf, Head Transaction & Employee Banking – ABHI Microfinance Bank, and Intizar Hussain, Chief Executive Officer – Dastak Logistics, signed on behalf of their respective organizations. The ceremony was also attended by senior representatives from both institutions. Under this partnership, eligible merchants operating within Dastak Logistics’ ecosystem will gain access to…

NBP has successfully onboarded Sheikh Zayed Hospital, Lahore for dynamic QR-based patient bill collections, marking another strong step in our ongoing digital payments drive. The arrangement was spearheaded by Mr. Farhan Durrani SVP/ Digital Banking Group, signed by Mr. Ali Sahibzada BM/ Sheikh Zayed Branch with the broader team joining from Lahore East Region; Mr. Farooq Chaudhary EVP/RE Liabilities – Lahore East and Mr. Haider Masood OGI/Coordinator Sh. Zayed Branch – NBP, for the formal agreement signing ceremony while Dr. Mona Aziz Gillani Executive Director was the signee from Sh. Zayed Hospital along with her support team. Through this deployment,…

AlphaX, a high performance on-chain cryptocurrency exchange committed to delivering a simplified, efficient and reliable trading experience, today announced the launch of zero-fee TradFi perpetual futures trading on its platform, marking a significant expansion beyond digital assets and into traditional asset markets. The new offering enables fee-free trading of key traditional financial instruments directly on-chain: All contracts are structured as USDT-margined perpetual futures, allowing users to gain exposure to price movements without holding the underlying assets. By integrating these products into its platform, AlphaX enables seamless access to globally recognized commodities while maintaining the efficiency and flexibility of crypto-native trading…

The Board of Directors of Meezan Bank, has approved the financial statements of the Bank for the quarter ended March 31, 2026. The meeting was chaired by Mr. Riyadh S.A.A. Edrees – Chairman of the Board. The Bank reported quarterly Profit After Tax of Rs 23.4 billion, registering a 6% growth over March 2025. This resulted in an annualised Return on Equity of 34%, reflecting Meezan Bank’s focus on enhancing shareholder value. The Board of Directors has approved an interim cash dividend of 75% (Rs 7.50 per share). Retail deposit growth drove a 10% increase, taking total deposits to Rs…

DIB Pakistan and Pocket Money have entered a strategic partnership to enable seamless US Dollar-to-Rupee cashouts across Pakistan, bringing a new level of speed, compliance, and convenience to both cross-border home remittances, and international transactions for freelancers. This partnership marks a significant milestone in Pakistan’s digital financial landscape, by combining DIB Pakistan’s growing presence and ethical finance with Pocket Money’s user-focused platform. The two companies aim to set a new standard for compliant, accessible cross-border payments. This initiative will bring more of Pakistan’s growing freelance and remote workforce into the formal economy. Muhammad Ali Gulfaraz, CEO, DIB Pakistan, stated “DIB…

Hemani proudly announces a historic achievement in regional trade connectivity, coinciding with a groundbreaking development in cross-border logistics. Pakistan has marked a major milestone as the first truck from Kyrgyzstan arrived at Sost Dry Port carrying transit goods, successfully bypassing Afghanistan.This first-ever movement of its kind by a Commonwealth of Independent States (CIS) country using its own transport signifies the opening of a new alternative trade corridor into Pakistan. Hemani is honored to be among the first exporters to capitalize on this strategic breakthrough, reinforcing its leadership in international trade and logistics innovation.The shipment was facilitated by a partner company…

The Chief Executive Officer of the Punjab Central Business District Development Authority (PCBDDA), also known as Central Business District Punjab (CBD Punjab), Mr. Imran Amin, chaired a high-level progress review meeting to assess future strategic initiatives and the ongoing development works. The meeting was attended by senior officials including Executive Director Technical Riaz Hussain, Director Project Management Asif Iqbal, Director Construction Asif Babar, and Director Architecture & Planning Sameer Aftab Sial. Representatives from partner organizations, including NESPAK Project Manager Jamshed Janjua and NSIT Project Manager Yasir Saifullah, along with project contractors, also participated. A key agenda item was the improvement…

Pakistan’s private sector confidence has deteriorated sharply in the first quarter of 2026, with a majority of businesses reporting worsening conditions amid rising energy costs and spillover effects from regional geopolitical tensions, according to a survey released by Gallup Pakistan. The 17th quarterly Gallup Business Confidence Survey, conducted in April 2026 based on responses from 510 businesses across the country, shows a broad-based decline across all key indicators — current performance, future expectations and perception of national direction. Only 41% of businesses described their current operations as “good” or “very good,” reflecting a 13 percentage point drop from the previous…

Meezan Bank has reported that its monthly card spend has exceeded Rs45 billion, signalling a significant shift in consumer payment behaviour and reinforcing the rapid growth of Pakistan’s digital payments ecosystem. The milestone comes amid a broader transition toward cashless transactions, with increasing adoption of cards, mobile applications and QR-based payments across the country. Banking industry data suggests that consumers are steadily moving away from cash, driven by convenience, security and expanding acceptance of digital payment channels. According to the State Bank of Pakistan, digital retail transactions in the country have reached 3.1 billion in a single quarter, with a…

Counterfeit company sold substandard products by registering a fake logo of the Turkish multinational company OPASFIA has stepped into action after the facts have come to light; counterfeit products are rapidly disappearing from the market.The Federal Investigation Agency (FIA) has launched a crackdown on a Lahore-based fake company, Blue Tech, over serious allegations of forgery, fraud, and blackmailing.  According to details, the Lahore-based counterfeit company, Blue Tech, allegedly registered the logo of Turkey’s well-known multinational brand “OPAS” and declared itself the ‘authorized’ representative of the Turkish multinational company OPAS. However, A.T. Electricals & Trading is the only real and authentic…