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Ideofuzion and Edversity Partner to Develop Pakistan’s Web3 Ecosystem and Talent

VA & Blockchain webdesk -
Ideofuzion and Edversity sign a memorandum of understanding to advance Pakistan’s Web3 ecosystem, focusing on education, skill development, and opportunities for students and professionals in the decentralized economy.

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Finclusion

Karandaaz, Askari Bank, and Digital Miles Partner to Create Cashless Housing Societies

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Karandaaz Pakistan, in collaboration with Askari Bank and Digital...
Regulatory

FBR Launches Advanced Stock Register System for Enhanced Tax Compliance

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FBR has introduced a cutting-edge Stock Register system as...
Regulatory

SBP Approves New EMIs and PSOs to Boost Digital Payments

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SBP has taken significant steps to further enhance the...
Payments

FY24 Review Highlights Surge in Digital Payments Across Pakistan

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Payment Systems Annual Review for FY24 highlights substantial growth...
Regulatory

FBR Mandates Digital Payment Integration for All Registered Retailers

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The Federal Board of Revenue (FBR) has issued a...
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BFSI

IFC and HABIBMETRO Launch $40 Million Risk-Sharing Facility to Boost SME and Agri Financing in Pakistan

BFSI webdesk -
IFC partners with Habib Metropolitan Bank to introduce a $40 million risk-sharing facility aimed at expanding SME and agricultural financing in Pakistan, addressing the country’s $3.2 million SME credit gap.

HBL Microfinance Bank Enhances Fraud Prevention with 1LINK’s Device Fingerprinting and Anti-Fraud Solutions

BFSI webdesk -
HBL Microfinance Bank partners with 1LINK to implement advanced Device Fingerprinting and Enterprise Anti-Fraud technologies powered by TrustDecision, boosting real-time fraud detection and digital banking security.

Punjab Makes Raast QR Payments Mandatory for Restaurants, Hotels, and Beauty Parlours

BFSI webdesk -
Punjab Revenue Authority has mandated Raast QR code–based digital payments for restaurants, hotels, and beauty parlours, requiring SBP-linked QR accounts within 14 days to enhance transparency and documentation.

PIA and Meezan Bank Partner to Enhance Digital Payments and Customer Convenience

bfsi webdesk -
Pakistan International Airlines has entered into a strategic partnership with Meezan Bank to improve digital payment convenience for travelers, enabling seamless debit card payments and strengthening the country’s digital banking ecosystem.

DX

1LINK and InfoTel Upgrade Pakistan’s Card Personalization with New Matica Machine

DX webdesk -
1LINK and InfoTel Pakistan strengthen the country’s card personalization ecosystem with a new Matica personalization machine, enhancing capabilities for PayPak, co-badged, and UPI card programs while boosting efficiency, security, and scalability.

NIST Restarts Fingerprint Biometrics Matching Tests with Tech5, Innovatrics Submissions

DX webdesk -
NIST has relaunched its fingerprint biometrics evaluation after 13 years, with Tech5 and Innovatrics emerging as the first participants, showcasing advancements in one-to-many identification algorithms.

Committee Formed to Accelerate Islamabad’s Digital Transformation

DX webdesk -
Minister of State for IT and Telecom, Shaza Fatima Khawaja, has established a dedicated committee to accelerate the digitization...

PSL Streaming Transparency: Walee’s Data-Driven Approach

DX webdesk -
In a revelation two years ago, journalists uncovered betting websites resorting to surrogate advertising during the 7th and 8th...

Payments

SECP to Host International Capital Market Conference & Expo 2025 in Karachi

BFSI webdesk -
The SECP has announced the inaugural International Capital Market Conference & Expo (ICMC) 2025, set for November 11–12 in Karachi, in collaboration with PSX, NCCPL, CDC, and PMEX under the theme “Regional Integration and Innovation in Capital Markets.”

Swich and Pak-Qatar Group Announce Strategic Partnership to Accelerate Digital Transformation

Payments webdesk -
Swich has entered into a strategic partnership with Pak-Qatar Group to enhance collaboration in digital innovation and financial technology, marking a new milestone in Pakistan’s fintech ecosystem.

Abbasi and Company Partners with Bank AL Habib to Enable QR-Based Digital Payments for PSX Brokers

Payments webdesk -
Abbasi and Company Pvt. Ltd. has joined Bank AL Habib’s Digital Payment Initiative under the State Bank of Pakistan’s guidance, becoming one of the first PSX brokerage houses to adopt QR-based digital payments, advancing the country’s vision of a cashless and digital economy.

PaySa and Covalent Form Strategic Partnership to Advance Digital Payments in Pakistan

Payments webdesk -
PaySa, Pakistan’s newest Electronic Money Institution, has partnered with Covalent to deploy its award-winning Taabiir platform, aiming to accelerate digital payments and enhance merchant services across the country.
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Regulatory

First Digital Takaful Company Receives SECP Approval, Launches Pakistan’s First Fully Digital Shariah-Compliant Insurance

Regulatory webdesk -
SECP grants registration to First Digital Takaful Company, enabling Pakistan’s first fully digital, Shariah-compliant general Takaful operator to offer end-to-end digital insurance solutions.

FBR Introduces Withholding at Source for Sales Tax on Digitally Ordered Goods

Regulatory webdesk -
The Federal Board of Revenue implements a new system for e-commerce taxation where payment intermediaries, courier services, and online marketplaces withhold sales tax at source, supported by a detailed IRIS user manual to ensure transparency, efficiency, and compliance.

Dr Kabir Ahmed Sidhu Assumes Charge as SECP Chairman, Sets Reform-Driven Agenda for Pakistan’s Financial Sector

Regulatory webdesk -
Dr Kabir Ahmed Sidhu takes charge as SECP Chairman, pledging reforms in insurance, capital markets, non-banking finance, and digital transformation to enhance financial inclusion and economic growth.

SECP Welcomes Dr. Kabir Ahmed Sidhu as Chairman to Strengthen Capital Market Regulation

Regulatory webdesk -
The Securities and Exchange Commission of Pakistan has appointed Dr. Kabir Ahmed Sidhu as its new Chairman, bringing over two decades of experience in financial regulation, law and public policy.

Crypto

Pakistan Advances Digital Asset Regulation as Finance Minister Engages Icoin Technology

Crypto 0
Finance Minister Muhammad Aurangzeb says Pakistan is at a critical early stage of shaping its digital asset ecosystem as talks with U.S.-based Icoin Technology focus on regulation, innovation, and financial inclusion.

Bitcoin Hits $96,000 as Crypto Markets Rally on U.S. Inflation Data and CLARITY Act Progress

Crypto 0
Bitcoin surges to $96,000 and Ethereum holds above $3,300 as easing U.S. inflation and optimism over the CLARITY Act boost cryptocurrency markets, signaling improved investor sentiment.

Pakistan Moves Toward Regulated Digital Assets With Icoin Technology Engagement

Crypto 0
Pakistan is steadily progressing toward the development of a...

Pakistan and UAE Discuss Real-World Asset Tokenisation to Boost Investment and Transparency

Crypto 0
Pakistan’s Virtual Assets Regulatory Authority and a UAE delegation held talks on real-world asset tokenisation, focusing on real estate, government assets and future debt instruments under a regulated framework.

E-Commerce

DarazMall Launches Authenticity Guarantee Ahead of 11.11 to Enhance Online Brand Shopping Experience

e-Commerce 0
DarazMall, South Asia’s first virtual mall, introduces an Authenticity Guarantee and refreshed brand experience ahead of the 11.11 shopping festival, offering customers peace of mind, exclusive deals, and seamless access to over 1,500 verified brands.

Daraz Express Unveils Nationwide Last-Mile Delivery Network for Non-Platform Sellers to Accelerate E-Commerce Growth in Pakistan

e-Commerce 0
Daraz Express has launched its advanced last-mile delivery network for non-Daraz sellers, offering AI-driven fulfilment, faster deliveries, COD settlements, and nationwide logistics access to accelerate Pakistan’s e-commerce growth.

Amazon Extends Exclusive Invitation to Mean3 for High-Level Digital Commerce and AI Strategy Event at New York Headquarters

e-Commerce 0
Amazon has invited Mean3 to an exclusive strategy event at its New York HQ, recognizing the agency’s leadership in e-commerce innovation and AI-driven digital transformation, and formally naming Mean3 as an official Amazon Pay agency partner.

PSW and TDAP Empower Women Entrepreneurs in Faisalabad Through Digital Trade and Export Capacity Program

e-Commerce 0
Pakistan Single Window and TDAP, in collaboration with FWCCI, held a capacity-building program in Faisalabad under the Khadijah Women Entrepreneurship initiative, training over 60 women entrepreneurs in digital trade, e-commerce, export processes, and sustainable business practices to boost women-led exports.

MicroFin

How InsurTech and Telecom Can Microdose Insurance to Close Pakistan’s Protection Gap

BFSI 0
For most Pakistanis, the concept of insurance remains unfamiliar...

Abhi and TPL Corp Complete Acquisition of Majority Stake in FINCA Microfinance Bank

BFSI 0
TPL Corp Limited (PSX: TPL) and Abhi Private Limited...

Abhi and TPL Corp Secure Majority Ownership of FINCA Microfinance Bank

BFSI 0
TPL Corp Limited (PSX: TPL) and Abhi Private Limited...

NBFC Forum at Jinnah Institute Sparks Innovation and Collaboration in the Sector

BFSI 0
The Pakistan Fintech Network (PFN) hosted a pivotal NBFC...

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Insurance

Pakistan’s Insurance Sector Sees Growth in 2024 with Strong Gains in Life and Non-Life Premiums

Insurance webdesk -
Pakistan’s insurance sector recorded strong growth in 2024 with life and non-life premiums rising, digital insurance nearly doubling, and millions of new policies issued across the country.

Waada Secures Initial MGA License Approval in Saudi Arabia, Becomes First Pakistani Fintech to Achieve Financial Services Milestone

Insurance webdesk -
Waada, a leading Pakistani insurtech startup, has announced that...

State Life and JS Bank Join Forces to Broaden Access to Insurance Services Across Pakistan

Insurance webdesk -
State Life Insurance Corporation of Pakistan (SLIC), the country’s...

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