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

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.

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

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

FBR Launches Advanced Stock Register System for Enhanced Tax Compliance

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

SBP Approves New EMIs and PSOs to Boost Digital Payments

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

FY24 Review Highlights Surge in Digital Payments Across Pakistan

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

FBR Mandates Digital Payment Integration for All Registered Retailers

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

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

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

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

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

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

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.

Pakistan Launches AI-Powered Agri Stack to Revolutionize Farming and Boost Productivity

Federal IT Minister Shaza Fatima Khawaja launches Agri Stack, a national AI-backed platform aimed at transforming Pakistan’s agriculture through digital public infrastructure.

Digitt Plus and Greenzone Partner to Digitize Agri-Inputs for Farmers in Faisalabad and D.I. Khan

Digitt Plus and Greenzone Pvt. Ltd have entered a strategic partnership to offer farmers digital access to quality agri-inputs through the Agri Mall platform, now available in Faisalabad and D.I. Khan via the Digitt Plus wallet.

Payments

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

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

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

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.

Neem Partners with Leopards Courier to Launch Leopards Wallet for Merchants Nationwide

Neem and Leopards Courier Services launch the Leopards Wallet for merchants across Pakistan, offering real-time settlements and seamless fund management through Neem’s digital payments infrastructure.
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Regulatory

Pakistan Issues Formal Procedure for E-Commerce Tax Withholding Under Eleventh Schedule of STA 1990

PRAL has formally issued the withholding procedure for e-commerce supplies under the Eleventh Schedule of the Sales Tax Act 1990, strengthening compliance, transparency, and documentation in Pakistan’s digital economy.

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

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

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

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.

Crypto

Pakistan Advances Digital Asset Regulation as Finance Minister Engages Icoin Technology

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

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

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

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

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

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

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

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

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

Islamabad International Airport Goes Fully Cashless, Introduces Mobile Payment System

Islamabad International Airport transitions to a fully cashless system, allowing passengers to pay all fees via a mobile app, improving efficiency, transparency, and passenger convenience.

New Focal Person Appointed for Crypto and Blockchain at Prime Minister’s Youth Programme to Drive Digital Innovation

Pakistan appoints Focal Person for Crypto & Blockchain under PMYP to strengthen local ecosystem, promote youth engagement, and drive capacity-building in digital finance and blockchain technology.

Beaconhouse Technology Joins 1BILL Platform as Bill Aggregator with 1LINK

1LINK onboards Beaconhouse Technology as a bill aggregator on its 1BILL platform, enabling streamlined digital payments with Faysal Bank as settlement partner.

Faysal Bank Partners with Waseela Pakistan to Provide Shariah-Compliant Digital Financing for Farmers

Faysal Bank and Waseela Pakistan sign MoU to offer fast-track Shariah-compliant financing via digital solutions under Electronic Warehouse Receipt framework, enhancing financial inclusion for farmers.

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Insurance

Pakistan Issues Formal Procedure for E-Commerce Tax Withholding Under Eleventh Schedule of STA 1990

PRAL has formally issued the withholding procedure for e-commerce supplies under the Eleventh Schedule of the Sales Tax Act 1990, strengthening compliance, transparency, and documentation in Pakistan’s digital economy.

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

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.

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

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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