Daraz Pakistan, under its Daraz Cares arm, has announced a dedicated support initiative for sellers impacted by the recent fire at Gul Plaza in Karachi, aimed at helping affected businesses regain stability and continue serving customers across Pakistan. Through this initiative, Daraz Pakistan will launch a dedicated segment and page on its platform (app and…
As a joint initiative of the Pakistan Banks Association (PBA) and the State Bank of Pakistan (SBP), Pakistan’s banking sector concluded its first-ever Industry-wide Cyber Drill, a week-long exercise held from 12 to 19 January 2026 in Karachi and Lahore, with a closing ceremony in Karachi. Governor SBP, Mr Jameel Ahmad, who graced the occasion…
On the sidelines of the World Economic Forum (WEF) Annual Meeting 2026 in Davos, Syngenta Group CEO Jeff Rowe had a one-on-one meeting with the Finance Minister of Pakistan, Senator Muhammad Aurangzeb, to discuss Pakistan’s agricultural priorities and opportunities for strengthened collaboration. The high-level engagement underscored Pakistan’s strategic importance as a key partner and potential…
Pakistan’s first digital Islamic banking platform, aik by BankIslami, has launched aikPay — Pakistan’s first Shariah-compliant Raast-enabled QR Payment Gateway. Built on the State Bank of Pakistan’s Raast infrastructure, aikPay enables real-time online payments through dynamic QR codes, allowing customers to pay instantly from their bank accounts and enabling merchants to receive payments securely through…
As Pakistan advances steadily toward a comprehensive transition to a fully Shariah-compliant finance guided by national reforms, regulatory initiatives, and a growing public demand, the conversation around Islamic economics has evolved beyond theoretical debates into questions of implementation, innovation, and scalability within a rapidly digitizing economy. Considering this, AlBaraka Forum for Islamic Economy is organizing…
For decades, the concept of “National Security” in Pakistan was dominated by maps, borders, and hardware. It was about tanks, jets, and the Line of Control. But in 2024, the definition of security has undergone a seismic shift. The most dangerous threat to the state today is not an invading army, but a defaulting treasury….
Pakistan Telecommunication Company Limited (PTCL), the parent company of U Microfinance Bank Limited (U Bank), has approved a capital injection of PKR 15 billion* (approximately USD 53 million) into the Bank, one of the largest equity injection transactions in the industry. The capital injection is intended to support U Bank’s sustained growth trajectory and the…
The Pakistan Banks Association (PBA) today highlighted the banking sector’s robust contribution to Pakistan’s ongoing economic revival, citing a record surge in private sector credit during the current financial year. Commercial banks have extended approximately Rs 1.5 trillion in financing to the private sector in FY26, a surge in liquidity that is driving 8.33% growth…
MOL Pakistan has successfully launched the Youth Impact and Community Empowerment Program in Kohat, marking another milestone in the company’s commitment to inclusive and sustainable community development. The program will run over a period of three months and will engage 45 participants from local communities. The initiative follows a Memorandum of Understanding (MoU) signed earlier…
Daraz Pakistan is all set to launch its 12.12 Grand Year End Sale, giving customers across the country a final chance to unlock big savings before the close of the year. The campaign will run from 8 PM on 11 December until 18 December, with an action-packed opening that includes Brand Rush Hour, One Rupee…
Daraz Pakistan’s 11.11 campaign, the country’s biggest online sale of the year, closed with record-breaking results driven by brand performance on DarazMall. As millions of customers shopped across the platform, DarazMall, the authenticity guaranteed channel for leading brands, emerged as the standout growth engine, with its brands recording 50X growth during the campaign and setting…
Alibaba.com, a leading global business-to-business (B2B) e-commerce platform, today announced the collaboration with UPS Authorised Service Contractor in Pakistan to provide cost-effective and reliable logistics services for Pakistani exporters. This initiative aim to helping local Small and Medium Enterprises (SMEs) connect seamlessly to over 200 countries and regions, optimizing delivery speed, pricing transparency, and customer…
Mashreq, one of the leading financial institutions in the MENA region, has officially introduced Mashreq NEO in Pakistan, a fully digital and Shariah-compliant banking experience built around how Pakistanis live, save, and transact. Following the bank’s official launch under the patronage and in the presence of the Honorable Prime Minister of Pakistan, Muhammad Shehbaz Sharif,…
Zindigi powered by JS Bank and Orient Electronics Pvt. Ltd have signed a landmark Memorandum of Understanding (MoU) to introduce Digital Supply Chain Financing (DSCF) for suppliers and distributors across Orient’s value chain. Through this initiative, Zindigi empowers SMEs with structured, cost-efficient financing that is easy to access and strengthens risk management. With Zindigi’s digital…
Daraz Pakistan 11.11 is gearing up to take center stage in the country’s shopping calendar, with the Biggest Sale of the Year set to run from November 10 (8 p.m. onwards) until November 21. Branded as the “Big Boss of 11.11”, this year’s edition promises up to 90% off, more than 1 billion rupees in…
JS Bank, one of the fastest growing banks in Pakistan, has signed an agreement with Visa, a world leader in digital payments, to further enhance and expand its innovative cards portfolio. The signing ceremony was held at JS Bank’s Head Office and was attended by Leila Serhan, Visa’s Group Country Manager for North Africa, Levant…
The Pakistan Banks Association (PBA), in collaboration with the State Bank of Pakistan (SBP), has launched a nationwide Fraud Awareness Campaign to educate the public on protecting themselves from the growing number of digital financial frauds and scams emerging in today’s digital era. With rapid digitalisation transforming the financial landscape, new types of fraud and…
As South Asia’s first and only virtual mall, DarazMall has grown into the trusted online home for over 1,500 brands and millions of customers across the region. It features a wide range of local and international names across Fashion, Beauty, Electronics, Home and Lifestyle, among others, featuring popular brands such as Unilever, Reckitt, Nestle, National…
Mashreq has announced its financial results for the nine months ended September 30, 2025, reporting an Operating Income of AED 9.4 billion, reflecting broad-based growth across all core businesses. The third-quarter Operating Income stood at AED 3.2 billion, up 4% quarter-on-quarter and 8% year-on-year, driven by resilient Net Interest Income and a robust 20% year-on-year…
In response to the devastating floods that struck Punjab’s fertile lands, Syngenta Pakistan has launched a major CSR initiative to help affected farmers rebuild their livelihoods across Multan and Sahiwal divisions. Committed to sustainability and rural prosperity, Syngenta Pakistan has pledged PKR 50 million worth of crop protection products and vegetable seeds for flood-affected farmers….
Solar power consumers across the Islamabad Electric Supply Company (IESCO) region have been left in shock after receiving electricity bills mandating the replacement of their existing green meters with Automatic Meter Reading (AMR) meters, at a staggering cost of Rs52,000 per unit. This controversial directive, affecting thousands of households that have already invested heavily in…
Addressing a significant market gap, the extended DEX service offerings will enable brands and sellers beyond Daraz platform to leverage world-class logistics solutions. DEX delivers fast, accurate, and transparent fulfillment through sustained investment in automated sorting, AI route planning, predictive analytics and real-time tracking. Anchored by Pakistan’s first Smart Distribution Center and the country’s only…
Zindigi, powered by JS Bank, has signed a Memorandum of Understanding (MoU) with the Pakistan Education Endowment Fund (PAK-EEF) to digitalize the Scholarship Fund Disbursement System marking a significant milestone in advancing financial inclusion through technology and innovation. The initiative aligns with PEEF’s core mission of offering scholarships to talented and deserving students across Pakistan…
Daraz Pakistan is kicking off its 10.10 Mega Brand Sale, a week of value and exciting variety that runs from 9 to 16 October. The campaign will be going live on the Daraz app at 8 PM, with key highlights including Rs. 10 deals in limited windows, discounts that reach up to 70% off across…
Fasset, a leading global financial superapp, has secured approval from Malaysia to provide banking services. The license completes Fasset’s ability to provide full-service digital banking to its existing global user base of 500,000 within a regulated sandbox for Islamic fintech innovations, establishing Fasset as the world’s first stablecoin-powered Islamic digital bank. Fasset seeks to become…
Zindigi, powered by JS Bank, has been honored with the “Best Banking as a Service Provider award” at the Finovate Awards UK, a global accolade celebrating its BaaS innovation and Pakistan’s growing footprint in fintech. Banking as a Service is an open banking initiative by Zindigi to facilitate non-banking companies embed financial services into their…
Descon Oxychem Ltd. (DOL), one of Pakistan’s leading chemical companies, has signed a strategic agreement with LUMS’ Department of Chemistry and Chemical Engineering to launch a fully funded R&D initiative. The collaboration will focus on developing advanced materials for DOL’s future industrial applications, marking a milestone in industry–academia partnership and local innovation. The ceremony was…
Daraz Pakistan, the country’s leading e-commerce platform, has pledged PKR 27.5 million (USD 100,000) in support of flood relief efforts being coordinated by the National Disaster Management Authority (NDMA). This contribution is a small step towards easing the hardship faced by communities devastated by the recent floods, reflecting Daraz’s belief in coming together during times…
Yango Tech has entered a strategic partnership with Naheed Supermarket to offer seamless grocery delivery through Yango’s SuperApp, strengthening last‑mile fulfillment in Karachi. The collaboration aims to merge Naheed’s extensive store network with Yango’s technology, logistics capability, and delivery fleet to enable fast, reliable grocery orders delivered right to customers’ doors. Under the agreement, customers…
Alibaba.com, a leading global B2B e-commerce platform, has entered into a Memorandum of Understanding (MoU) with Ignite – National Technology Fund, under Pakistan’s Ministry of Information Technology & Telecommunication (MoITT), to strengthen Pakistan’s digital economy and expand global opportunities for small and medium-sized enterprises (SMEs) and startups. The MoU was signed in Beijing during 2nd Pakistan-China B2B Investment Conference by…