Trends - fintech - Business Recorder

fintech

Pakistan’s startups: Grit amid the grind

The startup ecosystem of Pakistan has seen significant highs and lows over the last 5 years. Rising amid VC funding...

Published 19 Dec, 2024 08:45am

Business & Finance

JazzCash redesigns app user interface

ISLAMABAD: JazzCash, Pakistan’s largest fintech platform has unveiled a new brand identity and redesigned the app...

Published 17 Dec, 2024 07:55am

Opinion

From challenges to opportunities: The journey of persistence, resilience, and growth

The Small and Medium Enterprise (SME) sector in Pakistan plays a pivotal role in the national economy, contributing...

Published 22 Nov, 2024 03:03am

Business & Finance

Women Entrepreneurship Day: JazzCash aims to empower 300K women-led businesses, freelancers by 2027

KARACHI: Pakistan’s leading fintech, JazzCash, aims to empower over 300,000 women-led businesses and women...

Published 20 Nov, 2024 07:28am

Technology

Singapore show a big success: IT firms, fintechs looking to grab global opportunities

KARACHI: Pakistan’s IT companies and fintech operators are looking to grab business opportunities in fintech ...

Published 10 Nov, 2024 02:51am

Business & Finance

Hakeem wins emerging fintech products excellence award at Singapore FinTech Festival 2024

SINGAPORE: Walee Financial Services announced that its groundbreaking fintech product, Hakeem, has won the...

Published 08 Nov, 2024 06:17pm

Markets

NayaPay named to 2024 CB Insights’ list of 100 most innovative fintech startups

NayaPay, a fintech platform and the first Electronic Money Institution in Pakistan, has been named to the 2024 CB...

Published 24 Oct, 2024 11:49pm

Business & Finance

UAE, Pak fintech operators sign partnership

KARACHI: The UAE-based fintech, Codebase Technologies, announced its strategic partnership with Pakistani fintech,...

Published 17 Oct, 2024 08:05am

Business & Finance

Qist Bazaar disburses Rs3.4bn loans in 3 years

KARACHI: Qist Bazaar, Pakistan's first and only Sharia-compliant BNPL (Buy Now Pay Later) fintech start-up, has...

Published 26 Sep, 2024 06:48am

Business & Finance

Innovative wins P@SHA ICT Awards 2024

KARACHI: Innovative Pvt Ltd (IPL), Pakistan’s leading provider of Self-Service Banking and Currency Technology...

Published 25 Sep, 2024 06:48am

Business & Finance

Pak cos participate in 24 Fintech 2024 exhibition

ISLAMABAD: The 24 Fintech 2024 exhibition held from 3-5 September 2024 in Riyadh, celebrated the best in Fintech and...

Published 06 Sep, 2024 07:04am

Business & Finance

JazzCash President accepted into Forbes Finance Council

ISLAMABAD: Murtaza Ali, President of JazzCash, Pakistan’s largest fintech platform, has been accepted into the...

Published 15 Aug, 2024 08:02am

Markets

CCP approves 100% acquisition of fintech SadaPay by Turkish firm

The Competition Commission of Pakistan (CCP) has granted approval for the acquisition of 100% shareholding of...

Published 13 Aug, 2024 08:52pm

Opinion

IMF programme & challenges

Pakistan’s economic journey took a momentous turn after it bid farewell to the International Monetary Fund (IMF) ...

Published 02 Aug, 2024 05:55am

Business & Finance

Commerce Plex, Faysal Bank partner to revolutionise remittances

KARACHI: Commerce Plex, a wholly owned and fully licensed subsidiary of Simpaisa Holdings, is collaborating with...

Published 25 Jul, 2024 06:24am

Business & Finance

3rd ABL Fintech Hackathon concludes

LAHORE: Allied Bank, in collaboration with Teamup Ventures, hosted the third mega event of its series of Fintech...

Published 20 Jul, 2024 05:34am

Pakistan

AML transaction monitoring solution: Raqami selects BenchMatrix’s RiskNucleus

KARACHI: Raqami Islamic Digital Bank has selected BenchMatrix’s proprietary solution, RiskNucleus as its ...

Published 02 Jul, 2024 05:07am

Business & Finance

Elevate secures financing of $5m

KARACHI: Elevate, a fintech, based in London and Dubai, has secured financing of $5 million to expand further into...

Published 07 Jun, 2024 06:24am

Business & Finance

JazzCash unveils Payment-via-Link

ISLAMABAD: JazzCash, Pakistan's largest fintech organisation, has unveiled Payment-via-Link, a feature set to...

Published 22 May, 2024 05:54am

Business & Finance

‘Fintech platforms making remittances more affordable, reliable’

ISLAMABAD: Murtaza Ali, Head of JazzCash, spoke at the Dubai Fintech Summit, highlighting that fintech platforms are...

Published 18 May, 2024 05:45am

Business & Finance

JazzCash announces strategic partnership with du Pay

ISLAMABAD: JazzCash announced its strategic partnership with du Pay, the recently launched fintech arm for du, from...

Published 14 May, 2024 05:18am

Technology

Investment from UK ‘AI, HealthTech, FinTech sectors have great potential’

ISLAMABAD: The Artificial Intelligence (AI), HealthTech, and FinTech sectors have great potential in shaping...

Published 16 Apr, 2024 03:38am

Business & Finance

Number of credit card users drops due to high interest rates, emergence of alternate products

KARACHI: The number of credit card users is on decline in the country due to the higher interest rate and emergence...

Published 03 Apr, 2024 05:29am

Business & Finance

Jazz invests Rs37bn in 2023, witnesses impressive growth in revenue

ISLAMABAD: Jazz invested Rs 37 billion in 2023, aimed at supporting Pakistan’s growing data demand and...

Published 22 Mar, 2024 04:57am

Business & Finance

ABL and Teamup Ventures collaborate for third fintech hackathon

LAHORE: Allied Bank, in collaboration with Teamup Ventures, announces the third episode of its series of Fintech...

Published 22 Mar, 2024 04:57am

Opinion

Securing Pakistan’s banking and fintech revolution

‘Fraud Risk’, specifically also in Pakistani banking industry becomes a key component of Risk in last decade due...

Updated 21 Mar, 2024 06:35am

Opinion

FinTech revolutionises Pakistan’s financial landscape

The global ascent of FinTech is heralding a transformative era in financial landscapes worldwide. Pioneering...

Published 27 Jan, 2024 06:20am

Business & Finance

Pak fintech ABHI establishes global HQ in Abu Dhabi

ISLAMABAD: Pakistani fintech ABHI is advancing to its next growth stage by establishing its global HQ in Abu Dhabi...

Published 25 Jan, 2024 04:23am

Business & Finance

India’s Paytm confirms it will axe jobs to cut costs

BENGALURU: One 97 Communications, parent of fintech firm Paytm, on Monday confirmed a “slight reduction” in its...

Updated 25 Dec, 2023 09:27pm

‘Regulatory Sandbox’: SBP issues guidelines

KARACHI: The State Bank of Pakistan (SBP) has issued draft guidelines on Regulatory Sandbox for public consultation....

Updated 09 Dec, 2023 10:04am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 20	278.48
USD PKR Interbank Buying / Dec 20	278.28
USD to Japanese Yen / Dec 20	156.31
USD to Swiss Franc / Dec 20	0.89
Pound Sterling to USD / Dec 20	1.26
Euro to USD / Dec 20	1.04

Stock	Volume
S&P 500 / Dec 20	5,930.85
India Sensex / Dec 20	78,041.59
Tokyo Nikkei / Dec 20	38,701.90
Nasdaq / Dec 20	19,572.60
Hang Seng / Dec 20	19,720.70
FTSE 100 / Dec 20	8,084.36
Dow Jones / Dec 20	42,840.26
Germany DAX 30 / Dec 20	19,884.75

Item	Value
Crude Oil USD/Barrel / Dec 20	69.46
Gold 10 Grams PKR / Dec 20	234,311
Gold Spot USD/Ounce / Dec 20	2,622.91
Cotton US¢/pound / Dec 20	68.06
Karachi Cotton PKR/37.32 KG / Dec 21	17,585
Petrol/Litre / Dec 22	252.10

Gainers
Losers
Leaders

Stock	Price
Media Times Ltd / Dec 20 Media Times Limited(MDTL)	2.37 ▲ 0.37 (18.50%)
Pace (Pak) Ltd. / Dec 20 Pace (Pakistan) Limited(PACE)	7.23 ▲ 1.00 (16.05%)
Ist.Capital Sec / Dec 20 First Capital Securities Corporation(FCSC)	2.12 ▲ 0.26 (13.98%)
Khalid Siraj / Dec 20 Khalid Siraj Textile Mills Limited(KSTM)	9.60 ▲ 0.97 (11.24%)
Aruj Industries / Dec 20 Aruj Industries Limited(ARUJ)	9.90 ▲ 0.98 (10.99%)
Escorts Bank / Dec 20 Escorts Investment Bank Limited(ESBL)	4.79 ▲ 0.47 (10.88%)
Cresent Jute / Dec 20 Crescent Jute Products Limited(CJPL)	4.20 ▲ 0.40 (10.53%)
S.G.Power / Dec 20 S.G. Power Limited(SGPL)	11.19 ▲ 1.02 (10.03%)
P.T.C.L. / Dec 20 Pakistan Telecommunication Company Ltd(PTC)	25.80 ▲ 2.35 (10.02%)

Stock	Price
LSE Financial Serv. / Dec 20 LSE Financial Services Limited(LSEFSL)	16.25 ▼ -1.81 (-10.02%)
Dar-es-Salaam / Dec 20 Dar-es-Salaam Textile Mills Limited(DSML)	41.93 ▼ -4.66 (-10.00%)
Maqbool Tex. / Dec 20 Maqbool Textile Mills Limited(MQTM)	31.05 ▼ -3.45 (-10.00%)
Reliance Cotton / Dec 20 Reliance Cotton Spinning Mills Limited(RCML)	621 ▼ -69.00 (-10.00%)
Sanghar Sugar / Dec 20 Sanghar Sugar Mills Limited(SANSM)	27.72 ▼ -3.08 (-10.00%)
Olympia Mills / Dec 20 Olympia Mills Limited(OML)	34.58 ▼ -3.84 (-9.99%)
Nagina Cot. / Dec 20 Nagina Cotton Mills Limited(NAGC)	48.92 ▼ -5.41 (-9.96%)
Oilboy Energy / Dec 20 Oilboy Energy Limited(OBOY)	11.39 ▼ -1.26 (-9.96%)
Arpak Int. / Dec 20 Arpak International Investments Ltd.(ARPAK)	65.22 ▼ -7.19 (-9.93%)

Stock	Volume
WorldCall Telecom / Dec 20 Worldcall Telecom Limited(WTL)	177,645,248 ▲ 0.10
K-Electric Ltd. / Dec 20 K-Electric Limited(KEL)	81,901,542 ▲ 0.16
Cnergyico PK / Dec 20 Cnergyico PK Limited(CNERGY)	68,345,098 ▲ 0.12
Pak Elektron / Dec 20 Pak Elektron Limited(PAEL)	57,974,101 ▲ 1.47
Pak Refinery / Dec 20 Pakistan Refinery Limited(PRL)	45,251,944 ▲ 0.40
Pace (Pak) Ltd. / Dec 20 Pace (Pakistan) Limited(PACE)	43,240,462 ▲ 1.00
Sui South Gas / Dec 20 Sui Southern Gas Company Limited(SSGC)	40,539,001 ▼ -0.74
B.O.Punjab / Dec 20 The Bank of Punjab(BOP)	35,598,669 ▲ 0.24
Symmetry Group / Dec 20 Symmetry Group Limited(SYM)	34,869,613 ▼ -0.72

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