Trends - Digital payments - Business Recorder

Digital payments

VEON, Jazz CEOs meet Aurangzeb

ISLAMABAD: On the sidelines of the World Economic Forum (WEF) annual meeting 2025 in Davos, VEON Group CEO Kaan...

Updated 23 Jan, 2025 09:35am

Business & Finance

Russia using bitcoin in foreign trade

MOSCOW: Russian companies have begun using bitcoin and other digital currencies in international payments following...

Published 26 Dec, 2024 06:11am

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Reduced rate SST facility on restaurant not withdrawn: SRB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

Business & Finance

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

KARACHI: Bank Alfalah, one of the leading commercial and digital banks, inaugurated Pakistan’s first Digital...

Published 31 Dec, 2023 03:04am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jan 23	278.71
USD PKR Interbank Buying / Jan 23	278.56
USD to Japanese Yen / Jan 23	156.57
USD to Swiss Franc / Jan 23	0.91
Pound Sterling to USD / Jan 23	1.23
Euro to USD / Jan 23	1.04

Stock	Volume
S&P 500 / Jan 22	6,086.37
Nasdaq / Jan 22	20,009.34
FTSE 100 / Jan 22	8,545.13
Dow Jones / Jan 22	44,156.73
Germany DAX 30 / Jan 22	21,254.27
France CAC40 / Jan 22	7,837.40
India Sensex / Jan 23	76,579.87
Tokyo Nikkei / Jan 23	40,000.30

Item	Value
Karachi Cotton PKR/37.32 KG / Jan 22	18,485
Gold 10 Grams PKR / Jan 22	246,440
Petrol/Litre / Jan 23	256.13
Crude Oil USD/Barrel / Jan 23	75.19
Gold Spot USD/Ounce / Jan 23	2,754.03
Diesel/Litre / Jan 23	260.95

Gainers
Losers
Leaders

Stock	Price
Pak Gen.Ins. / Jan 23 The Pakistan General Insurance Co. Ltd.(PKGI)	8.85 ▲ 0.96 (12.17%)
Leather Up Ltd. / Jan 23 Leather Up Limited(LEUL)	30.33 ▲ 2.76 (10.01%)
Sindh Abadgar / Jan 23 Sindh Abadgar's Sugar Mills Limited(SASML)	45 ▲ 4.00 (9.76%)
Parmount Sp. / Jan 23 Paramount Spinning Mills Limited(PASM)	4.80 ▲ 0.41 (9.34%)
Arpak Int. / Jan 23 Arpak International Investments Ltd.(ARPAK)	76.50 ▲ 6.31 (8.99%)
Shadman Cotton / Jan 23 Shadman Cotton Mills Limited(SHCM)	37.84 ▲ 3.10 (8.92%)
Saritow Spinning / Jan 23 Saritow Spinning Mills Limited(SSML)	9.90 ▲ 0.78 (8.55%)
Suhail Jute / Jan 23 Suhail Jute Mills Limited(SUHJ)	111.80 ▲ 8.80 (8.54%)
Idrees Tex. / Jan 23 Idrees Textile Mills Limited(IDRT)	14.75 ▲ 1.13 (8.30%)

Stock	Price
TPL Life Insur. / Jan 23 TPL Life Insurance Limited(TPLL)	46.06 ▼ -4.94 (-9.69%)
Ashfaq Textile / Jan 23 Ashfaq Textile Mills Limited(ASHT)	14 ▼ -1.50 (-9.68%)
ZIL Limited / Jan 23 ZIL Limited(ZIL)	228 ▼ -23.95 (-9.51%)
Jubilee Spinning / Jan 23 Jubilee Spinning & Weaving Mills Ltd.(JUBS)	10 ▼ -1.04 (-9.42%)
Gulistan Sp. / Jan 23 Gulistan Spinning Mills Limited(GUSM)	11 ▼ -1.13 (-9.32%)
Sapphire Textile / Jan 23 Sapphire Textile Mills Limited(SAPT)	1,116.06 ▼ -108.70 (-8.88%)
Supernet Tech. / Jan 23 Supernet Technologies Limited(STL)	870.10 ▼ -77.29 (-8.16%)
Punjab Oil / Jan 23 Punjab Oil Mills Limited(POML)	146.01 ▼ -11.64 (-7.38%)
Mehmood Tex / Jan 23 Mehmood Textile Mills Limited(MEHT)	620 ▼ -49.00 (-7.32%)

Stock	Volume
WorldCall Telecom / Jan 23 Worldcall Telecom Limited(WTL)	100,218,430 ▲ 0.01
Cnergyico PK / Jan 23 Cnergyico PK Limited(CNERGY)	96,976,679 ▲ 0.16
Fauji Cement / Jan 23 Fauji Cement Company Limited(FCCL)	83,552,040 ▲ 1.74
Bank Makramah / Jan 23 Bank Makramah Limited(BML)	30,547,553 ▲ 0.05
Lotte Chemical / Jan 23 Lotte Chemical Pakistan Limited(LOTCHEM)	22,169,150 ▲ 0.81
Citi Pharma Ltd / Jan 23 Citi Pharma Ltd.(CPHL)	20,405,719 ▲ 3.54
Fauji Foods Ltd / Jan 23 Fauji Foods Limited(FFL)	18,649,899 ▲ 0.06
D.G.K.Cement / Jan 23 D.G. Khan Cement Company Limited(DGKC)	16,695,919 ▲ 1.71
Power Cement / Jan 23 Power Cement Limited(POWER)	16,191,532 ▲ 0.25

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