Trends - fintech - Business Recorder

fintech

Sajjad joins 1LINK board as independent director

Karachi: Muhammad Hamayun Sajjad has been appointed as an independent director on the Board of 1LINK (Pvt) Ltd....

Published 15 Jan, 2025 02:59am

Technology

IT co seeks to expand footprint in US

KARACHI: A Pakistani IT company, Devsinc, has reiterated its commitment to expand its footprint in the United States...

Published 13 Jan, 2025 03:06am

BR Research

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

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jan 21	278.88
USD PKR Interbank Buying / Jan 21	278.78
USD to Japanese Yen / Jan 21	155.54
USD to Swiss Franc / Jan 21	0.91
Pound Sterling to USD / Jan 21	1.23
Euro to USD / Jan 21	1.04

Stock	Volume
S&P 500 / Jan 17	5,996.66
Nasdaq / Jan 17	19,630.20
Dow Jones / Jan 17	43,487.83
FTSE 100 / Jan 20	8,520.54
Germany DAX 30 / Jan 20	20,990.31
France CAC40 / Jan 20	7,733.50
India Sensex / Jan 21	76,270.33
Tokyo Nikkei / Jan 21	39,027.98

Item	Value
Karachi Cotton PKR/37.32 KG / Jan 20	18,785
Gold 10 Grams PKR / Jan 20	242,541
Petrol/Litre / Jan 21	256.13
Crude Oil USD/Barrel / Jan 21	77.24
Gold Spot USD/Ounce / Jan 21	2,724.49
Diesel/Litre / Jan 21	260.95

Gainers
Losers
Leaders

Stock	Price
Burj Clean Energy Modaraba / Jan 21 Burj Clean Energy Modaraba(GEM)(GEMBCEM)	9.60 ▲ 1.00 (11.63%)
Globe Residency / Jan 21 Globe Residency REIT(GRR)	17.36 ▲ 1.58 (10.01%)
Leather Up Ltd. / Jan 21 Leather Up Limited(LEUL)	25.06 ▲ 2.28 (10.01%)
Olympia Mills / Jan 21 Olympia Mills Limited(OML)	35.65 ▲ 3.24 (10.00%)
Pak Engineering / Jan 21 Pakistan Engineering Company Limited(PECO)	671.22 ▲ 61.02 (10.00%)
D.M. Textile / Jan 21 D.M. Textile Mills Limited(DMTX)	77.59 ▲ 7.05 (9.99%)
Shadman Cotton / Jan 21 Shadman Cotton Mills Limited(SHCM)	31.82 ▲ 2.89 (9.99%)
Shahtaj Sugar / Jan 21 Shahtaj Sugar Mills Limited(SHJS)	108.84 ▲ 9.84 (9.94%)
F.Credit & Inv / Jan 21 First Credit and Investment Bank Limited(FCIBL)	8.20 ▲ 0.74 (9.92%)

Stock	Price
Sanghar Sugar / Jan 21 Sanghar Sugar Mills Limited(SANSM)	22.51 ▼ -2.48 (-9.92%)
Kohat Textile / Jan 21 Kohat Textile Mills Limited(KOHTM)	32.32 ▼ -2.58 (-7.39%)
Punjab Oil / Jan 21 Punjab Oil Mills Limited(POML)	147 ▼ -11.02 (-6.97%)
Parmount Sp. / Jan 21 Paramount Spinning Mills Limited(PASM)	4.30 ▼ -0.31 (-6.72%)
Suhail Jute / Jan 21 Suhail Jute Mills Limited(SUHJ)	106 ▼ -7.47 (-6.58%)
S.G.Power / Jan 21 S.G. Power Limited(SGPL)	9.20 ▼ -0.61 (-6.22%)
GOC (Pak) / Jan 21 GOC (Pak) Limited.(GOC)	64.99 ▼ -4.10 (-5.93%)
Prosperity Weav / Jan 21 Prosperity Weaving Mills Limited(PRWM)	35 ▼ -2.00 (-5.41%)
Saritow Spinning / Jan 21 Saritow Spinning Mills Limited(SSML)	9.40 ▼ -0.53 (-5.34%)

Stock	Volume
Lotte Chemical / Jan 21 Lotte Chemical Pakistan Limited(LOTCHEM)	59,473,543 ▼ -0.12
Bank Makramah / Jan 21 Bank Makramah Limited(BML)	57,800,421 ▲ 0.31
WorldCall Telecom / Jan 21 Worldcall Telecom Limited(WTL)	56,891,848 ▼ -0.03
Fauji Cement / Jan 21 Fauji Cement Company Limited(FCCL)	38,333,298 ▲ 1.91
Cnergyico PK / Jan 21 Cnergyico PK Limited(CNERGY)	30,178,523 ▲ 0.26
Hascol Petrol / Jan 21 Hascol Petroleum Limited(HASCOL)	24,273,766 ▼ -0.14
Dewan Motors / Jan 21 Dewan Farooque Motors Limited(DFML)	22,896,108 ▼ -1.14
Hub Power Co. / Jan 21 The Hub Power Company Limited(HUBC)	21,405,956 ▼ -2.59
Citi Pharma Ltd / Jan 21 Citi Pharma Ltd.(CPHL)	19,827,701 ▲ 2.70

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