Digital Payments Archives

Tag: Digital Payments

aik by BankIslami Launches QR Cashless Drive in Karachi

Focus PakistanNovember 3, 2025

In line with the Go Cashless Economy Drive led by Prime Minister Shehbaz Sharif and the State Bank of Pakistan, aik by BankIslami is launching a focused activation campaign at Creek Walk Food Street in Karachi from November 7 to 16, 2025. The initiative underscores aik’s mission to promote Shariah-compliant banking and accelerate the adoption […]

Meezan Bank Expands Digital Partnership with Visa

Focus PakistanOctober 31, 2025

Karachi, October 31: Meezan Bank, Pakistan’s leading Islamic bank, has announced the renewal and expansion of its strategic partnership with Visa, a global leader in digital payments, aimed at further enhancing its debit card portfolio and redefining the banking experience for its customers across the country. The collaboration was formalized with the signing of a […]

State Bank of Pakistan report FY25, SBP Governor Annual Report 2024-25, Pakistan inflation drop, economic stability, monetary policy reforms, fiscal consolidation, financial inclusion Pakistan

SBP Report Highlights Sharp Fall in Inflation, Economic Stability in FY25

Focus PakistanOctober 17, 2025

Pakistan’s macroeconomic conditions strengthened in FY25 as prudent monetary policy and fiscal consolidation sharply reduced inflation and restored stability, according to the State Bank of Pakistan’s Governor’s Annual Report (GAR) 2024-25, released on Friday. The central bank, however, warned that global trade shifts, geopolitical tensions, and domestic floods pose risks to the outlook, underscoring the […]

barq Pakistan Gets SBP Approval to Launch EMI Wallet

Focus PakistanOctober 16, 2025

barq Pakistan announced Thursday it has obtained In-Principle Approval (IPA) from the State Bank of Pakistan to establish an Electronic Money Institution (EMI) Wallet. It said this will “pave the way for its entry into one of the most promising digital financial markets in the region”. The approval, which was recieved on October 10, “marks […]

Pakistan’s Banking Sector Poised for Growth Amid Digital Expansion

Focus PakistanOctober 14, 2025

Pakistan’s banking sector is expected to benefit from ongoing economic formalization, surging digital retail payments, and rising remittance inflows, which are collectively driving deposit growth and supporting asset expansion, according to a recent economic update. Digital transactions continued their upward trajectory in the third quarter of fiscal year 2025 (3QFY25), with the number of retail […]

Goldbox Sparks a Bold Shift in Pakistan’s E-Commerce Economy

NayabSeptember 20, 2025

Pakistan’s digital retail sector is entering a critical growth phase, with market value projected to touch $7.5 billion by 2026. Despite rising smartphone usage and expanding digital payments, a persistent lack of trust continues to limit the sector’s full potential. Surveys show that more than half of online shoppers fear counterfeit products, delayed refunds, and […]

Digital illustration showing Pakistan linking with the Arab Buna Payments Platform for cross-border remittances, featuring currency and fintech graphics.

Pakistan to Join Arab Buna Payments Platform, Boosting Cross-Border Remittances

Focus PakistanSeptember 19, 2025

ISLAMABAD, Sept 19, 2025 — In a landmark step toward financial integration with the Arab world, Pakistan has decided to connect its digital payment system with Buna, the Arab Regional Payment System owned and managed by the Arab Monetary Fund (AMF). The linkage, announced during a National Assembly Standing Committee on Finance session, will enable […]

Arif Habib Limited joins CDC’s RAAST Aggregator platform for instant investor fund transfers in Pakistan

Arif Habib Limited Joins CDC’s RAAST Aggregator for Instant Investor Fund Transfers

Focus PakistanSeptember 2, 2025

Karachi, September 2, 2025 — The Central Depository Company of Pakistan (CDC) has officially onboarded Arif Habib Limited to its RAAST Aggregator Platform, delivering faster, safer, and more convenient fund transfers for investors. This milestone integration—powered by Catalyst IT Solutions—reinforces CDC’s efforts to digitize and modernize Pakistan’s capital market. A signing ceremony at CDC House […]

Business

FBR Orders All Sales Taxpayers to Link Businesses with Digital System

Focus PakistanAugust 11, 2025

Islamabad: The Federal Board of Revenue (FBR) has made it mandatory for all sales tax registered individuals and businesses to integrate with its centralized computerized system as part of a nationwide drive to enhance tax monitoring and transparency. According to official documents received by Geo News, all business points will be required to install CCTV […]

Islamabad to Become Pakistan’s First Fully Cashless City: CDA’s Digital Transformation Drive

NayabAugust 1, 2025

Islamabad is on the cusp of a revolutionary transformation as the Capital Development Authority (CDA) unveils an ambitious plan to position the city as Pakistan’s first fully cashless capital. The Islamabad cashless city initiative will integrate QR code and mobile app-based payment systems across a broad spectrum of public services, marking a major milestone in […]

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