Trends - Digital payments - Business Recorder

Digital payments

Digital channels drive 87pc of retail payments

State Bank of Pakistan highlights significant strides in Pakistan’s journey toward a cashless and digitally inclusive economy

Updated 21 Dec, 2024 02:47pm

Mobile apps: SBP issues new guidelines for transaction security

KARACHI: In a significant step to improve the security of digital payments, the State Bank of Pakistan (SBP) has...

Updated 11 Dec, 2024 09:19am

Business & Finance

Digital payments experience a remarkable growth: SBP report

KARACHI: Digital payments have experienced a remarkable growth, capturing an impressive 84 percent market share...

Published 12 Oct, 2024 06:17am

Business & Finance

FBL partner with Mastercard and 1LINK to launch Shariah-compliant Co-Badged Debit Card

KARACHI: In a landmark move set to reshape the digital payments landscape in Pakistan, Faysal Bank Limited (FBL) has...

Published 01 Oct, 2024 06:49am

Business & Finance

‘Corporate Treasury in the Age of Digitalisation’: Citibank Pakistan holds insightful conference

KARACHI: Citibank Pakistan held an insightful conference titled “Corporate Treasury in the Age of...

Published 26 Sep, 2024 06:48am

Business & Finance

Visa aims for 10-fold rise in Pakistani use of digital payments

KARACHI: Visa plans to increase the number of businesses accepting digital payments in Pakistan tenfold over the...

Updated 11 Sep, 2024 10:43pm

Business & Finance

PITB signs agreement with JazzCash to enhance digital payment scope

LAHORE: The Punjab Information Technology Board (PITB) has signed an agreement with JazzCash to enhance digital...

Published 03 Aug, 2024 06:46am

Business & Finance

PITB signs accord with Bookme

LAHORE: The Punjab Information Technology Board (PITB) and Bookme, an online ticket-booking platform, have signed an...

Published 01 Aug, 2024 06:06am

Reduced rate SST facility on restaurant not withdrawn: SRB

KARACHI: Sindh Revenue Board (SRB) has informed that the facility of reduced rate of Sindh Sales Tax (SST) on...

Updated 24 Jul, 2024 09:20am

Business & Finance

Meezan Bank and Haball sign referral arrangement agreement

KARACHI: Meezan Bank Limited (“Meezan”), Pakistan’s leading Islamic bank, announced that it has entered into a...

Published 22 Jul, 2024 05:39am

Business & Finance

Q3: 83pc of retail payments are digital transactions, says SBP

KARACHI: Pakistan’s payment system has been witnessing continuous and significant progress in the adoption of...

Updated 20 Jul, 2024 09:23am

Pakistan

Major IT outage disrupts banks, air lines, digital payments

ISLAMABAD: A faulty update from cyber security provider, CrowdStrike, caused a significant global IT outage,...

Published 20 Jul, 2024 05:34am

Business & Finance

Digital payments: Paysys Labs partners with Raqami

KARACHI: Raqami Islamic Digital Bank Pakistan, and Paysys Labs Pvt Ltd, a leading payment technology provider, have...

Published 13 Jul, 2024 06:13am

Pakistan

One Network and MasterCard partner for 10pc cash back on M-TAG top-ups

RAWALPINDI: One Network, a leading services provider of electronic toll collection on Pakistan’s Motorways, and...

Published 10 Jul, 2024 03:14am

Business & Finance

Digital payments at cattle markets: SBP enhances transaction limits

KARACHI: To facilitate digital payments at the cattle markets for the sale of sacrificial animals for the upcoming...

Published 31 May, 2024 06:58am

Business & Finance

More tax generation: CAP seeks adoption of digital payments in retail sector

LAHORE: The Chainstore Association of Pakistan (CAP) has called on authorities to prioritize the adoption of digital...

Published 03 May, 2024 06:29am

Editorials

Overcoming the digital divide

EDITORIAL: Recent years have seen much hype surrounding Pakistan’s purported digital revolution, with the emergence...

Published 27 Apr, 2024 05:03am

Markets

European stocks retreat on earnings gloom

PARIS: European stocks dropped on Thursday, hit by bleak earnings from consumer giant Nestle and Dutch digital...

Published 26 Apr, 2024 04:15am

Business & Finance

India’s Paytm banking unit to cut about 20% of staff as business halt looms

MUMBAI: Indian digital payments firm Paytm plans to cut close to 20% of staff at its banking unit amid uncertainty...

Published 14 Mar, 2024 05:03pm

Markets

KE & Visa forge partnership to power digital innovation

KARACHI: Pakistan’s digital payments ecosystem is gradually moving towards a cashless journey where the utility...

Published 06 Mar, 2024 04:18am

Technology

Management buyout: Saad Niazi takes charge as acting CEO of Keenu

Keenu, a leading player in digital payment services and an Electronic Money Institution (EMI), has announced...

Updated 16 Feb, 2024 09:32pm

Business & Finance

Digital payments: Faysal Bank and Total Parco sign agreement

ISLAMABAD: Faysal Bank Limited and Total Parco, signed an agreement for the provision of cashless transactions ...

Published 02 Feb, 2024 05:20am

Business & Finance

Digital stack to help enhance growth rate: Shamshad

ISLAMABAD: Caretaker Finance Minister Dr Shamshad Akhtar Thursday said digital stack would help the country to...

Published 19 Jan, 2024 05:37am

Business & Finance

‘She’s Next’ programme: Visa, HBL announce names of 5 winners

KARACHI: Visa (NYSE: V), a world leader in digital payments, together with HBL, Pakistan’s leading bank on...

Published 18 Jan, 2024 05:54am

Business & Finance

RIDB, Euronet Pakistan to launch first ‘Islamic Digital Bank’

KARACHI: Raqami Islamic Digital Bank (RIDB) and Euronet Pakistan Pvt Ltd have entered into an agreement to promote...

Published 16 Jan, 2024 05:44am

Business & Finance

JS Bank reflects on the year of progress and growth

KARACHI: As the year 2024 begins, JS Bank, one of the fastest-growing banks in Pakistan, reflects on its journey of...

Published 04 Jan, 2024 05:41am

Banks’ retail transactions: Q1 share of digital payments soars to 80pc

KARACHI: The share of digital payments in retail transactions of the banking system increased to 80 percent during...

Updated 31 Dec, 2023 07:19pm

Pakistan’s first: Bank Alfalah launches Digital Payments Sales, Service Centres

Business & Finance

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jan 1	278.22
USD PKR Interbank Buying / Jan 1	278.02
USD to Japanese Yen / Jan 1	154.14
USD to Swiss Franc / Jan 1	0.89
Pound Sterling to USD / Jan 1	1.27
Euro to USD / Jan 1	1.05

Stock	Volume
S&P 500 / Jan 1	6,074.08
India Sensex / Jan 1	81,748.57
Tokyo Nikkei / Jan 1	39,540.11
Nasdaq / Jan 1	20,173.89
Hang Seng / Jan 1	19,718.56
FTSE 100 / Jan 1	8,262.05
Dow Jones / Jan 1	43,717.48
Germany DAX 30 / Jan 1	20,313.81

Item	Value
Petrol/Litre / Jan 1	252.10
Crude Oil USD/Barrel / Jan 1	70.60
Karachi Cotton PKR/37.32 KG / Jan 1	17,585
Gold 10 Grams PKR / Jan 1	243,059.70
Gold Spot USD/Ounce / Jan 1	2,654.57
Diesel/Litre / Jan 1	255.38

Gainers
Losers
Leaders

Stock	Price
First Capital Equities / Dec 23 First Capital Equities Limited(FCEL)	6.15 ▲ 1.00 (19.42%)
Dewan Sugar / Dec 23 Dewan Sugar Mills Limited(DWSM)	6.60 ▲ 1.00 (17.86%)
Cnergyico PK / Dec 23 Cnergyico PK Limited(CNERGY)	6.83 ▲ 0.92 (15.57%)
Jahangir Sidd(Pref) / Dec 23 Jahangir Sidd(Pref)(JSCLPSA)	9.50 ▲ 0.95 (11.11%)
Chenab Ltd (Pref) / Dec 23 Chenab Limited (Pref)(CLCPS)	3.75 ▲ 0.36 (10.62%)
Dewan Farooque Sp. / Dec 23 Dewan Farooque Spinning Mills Limited(DFSM)	4.72 ▲ 0.45 (10.54%)
Trust Sec.& Brok. / Dec 23 Trust Securities & Brokerage Limited(TSBL)	10.55 ▲ 1.00 (10.47%)
Dawood Equities / Dec 23 Dawood Equities Limited(DEL)	10.63 ▲ 1.00 (10.38%)
HBL Invest Fund / Dec 23 HBL Investment Fund(HIFA)	4.15 ▲ 0.39 (10.37%)

Stock	Price
Sindh Abadgar / Dec 23 Sindh Abadgar's Sugar Mills Limited(SASML)	36.60 ▼ -4.07 (-10.01%)
Blue-Ex Ltd / Dec 23 Blue-Ex Limited (GEM)(GEMBLUEX)	40.87 ▼ -4.54 (-10.00%)
J.A.Textile / Dec 23 J.A. Textile Mills Limited(JATM)	37.72 ▼ -4.19 (-10.00%)
Asia Ins. / Dec 23 Asia Insurance Company Limited(ASIC)	13.96 ▼ -1.55 (-9.99%)
Dar-es-Salaam / Dec 23 Dar-es-Salaam Textile Mills Limited(DSML)	42.01 ▼ -4.58 (-9.83%)
First Tri-Star Mod. / Dec 23 First Tri-Star Modaraba(FTSM)	14.01 ▼ -1.33 (-8.67%)
Dadabhoy Cement / Dec 23 Dadabhoy Cement Industries Limited(DBCI)	6 ▼ -0.54 (-8.26%)
Oilboy Energy / Dec 23 Oilboy Energy Limited(OBOY)	10.46 ▼ -0.93 (-8.17%)
Burj Clean Energy Modaraba / Dec 23 Burj Clean Energy Modaraba(GEM)(GEMBCEM)	8.45 ▼ -0.65 (-7.14%)

Stock	Volume
WorldCall Telecom / Dec 23 Worldcall Telecom Limited(WTL)	99,942,750 ▲ 0.14
Cnergyico PK / Dec 23 Cnergyico PK Limited(CNERGY)	66,327,753 ▲ 0.92
Pace (Pak) Ltd. / Dec 23 Pace (Pakistan) Limited(PACE)	43,280,462 ▲ 0.19
K-Electric Ltd. / Dec 23 K-Electric Limited(KEL)	40,644,312 ▲ 0.37
Sui South Gas / Dec 23 Sui Southern Gas Company Limited(SSGC)	40,619,788 ▲ 0.76
Pak Elektron / Dec 23 Pak Elektron Limited(PAEL)	38,585,180 ▲ 1.96
Fauji Foods Ltd / Dec 23 Fauji Foods Limited(FFL)	35,015,764 ▲ 1.32
P.T.C.L. / Dec 23 Pakistan Telecommunication Company Ltd(PTC)	33,026,526 ▲ 2.58
B.O.Punjab / Dec 23 The Bank of Punjab(BOP)	29,495,012 ▲ 0.26

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