Islamabad: Pakistan will request an estimated $ 348 billion of investments between 2023 and 2030 to meet the challenges of climate change, the World Bank said. The urgent call for a comprehensive climate financing strategy comes as the country is wrestling with the increasing environmental risks and disasters. In the fifth rank ranked fifth of … Read more
Islamabad: With fixed support from the Telenor Telecom Company and the leading platform in China for digital payments and services, Alipay (Ant Finance), as shareholders, Easypaisa, a prominent mobile wallet company in Pakistan, was all appointed to Fintech Revolution and Digital Transformation in Pakistan. . On January 28, 2025, Easypaisa became the first digital retail … Read more
Most of the stock markets in the Gulf opened a decrease on Wednesday due to the profits of dull companies, although the Saudi index rose on strong gains by Al -Raji Bank. Dubai’s main stock index decreased by 1 %, as it decreased by 8.6 % in senior UAE lenders NBD (ENBD), in its course … Read more
The Vice President of the World Bank of South Asia, Martin Razer, warned that the $ 20 billion that has been pledged under the Rural Partnership framework (CPF) will not be sufficient to achieve the Pakistani ambitious development goals for 10 years, which confirms the need to mobilize additional resources. In a statement after his … Read more
IslamabadFour years ago, two people dared to dream of Pakistan, as financial arrival was not a privilege but a right. This vision led to ABHI, Fintech, born in 2021 to convert the financial wellness of millions. ABHI was founded in response to the urgent need for financial access, at first, ABHI handled the gap by … Read more
World Bank President Ajay Banga urged policymakers to avoid hasty reactions to policy announcements from the administration of US President Donald Trump. Speaking to Reuters during the Mission 300 Africa Energy Summit in Dar es Salaam, Banga said policymakers should wait to see what policies are implemented and engage with the administration to present their … Read more
PeshawarBOK Bank (Bok) revealed ambitious plans to expand its operations and enhance its presence in the market in 2025. As part of its strategic vision, the bank will open 52 new branches throughout Khyber Pthavtongua (KP) and turns completely into Islamic banking services, which reflects its commitment to providing financial services Modern, moral and comprehensive. … Read more
TPL Corp Limited, in cooperation with ABHI (Private) Limited, has completed the acquisition of a majority stake in Finca Microfinance Bank Limited, the company announced to deposit shares on Friday. This deal represents the conclusion of a process that was revealed for the first time in November 2024. According to a statement issued by TPL … Read more
Karachi: The State Bank of Pakistan announces monetary policy on Monday, January 27, 2025. A statement issued by the State Central Bank said that a meeting of the Monetary Policy Committee (MPC) will be held at the State Bank of Pakistan on Monday, January 27, 2025 to decide on monetary policy. He added that Central … Read more
IslamabadForeign exchange reserves held by the State Bank of Pakistan (SBP) fell by $276 million on a weekly basis, reaching $11.45 billion as of January 17, data released on Thursday showed. The total liquid foreign reserves held by the country amounted to $16.19 billion. Net foreign reserves at commercial banks amounted to $4.74 billion. The … Read more