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fintechs

Experts call for addressing challenges to spur IT growth in Pakistan

Experts at State Bank of Pakistan (SBP) have said the authorities in order to catalyze economic growth through...

Published 08 Jul, 2023 08:40pm

Business & Finance

EU proposes payments sector shake-up to boost fintechs

LONDON: The European Union on Wednesday proposed making the payments sector more competitive, giving legal backing ...

Published 03 Jul, 2023 06:04am

BR Research

SBP move leaves fintechs baffled

SBP has recently made some changes in the fee and cost structure of payments associated with cards (debit and...

Published 28 Mar, 2023 08:56am

Business & Finance

Digitisation of country’s financial landscape highlighted

KARACHI: In the 15th episode of State Bank of Pakistan’s Podcast series, Sohail Javaad, the executive director of...

Published 23 Nov, 2022 06:58am

Business & Finance

Digital lenders disbursed Rs33bn loans during last fiscal, says analyst

ISLAMABAD: The new digital lending fintechs (non-banking finance companies) have disbursed cumulative loans worth...

Published 10 Nov, 2022 06:49am

Business & Finance

11th ‘Bank of the Future Forum 2022’ held

KARACHI: NdcTech, a leading IT & consulting firm providing transformational services for the banking sector...

Published 15 Oct, 2022 05:38am

Technology

Electronic Money Institutions: here is a list of all SBP-authorised EMIs in Pakistan

As Pakistan adopts digital payments, the financial sector has been abuzz with new players looking to enter the ...

Updated 10 Apr, 2022 01:35am

Technology

Lahore-based Taro raises $3.5mn in pre-seed funding

Will look to provide easy access to credit to all Pakistanis, allowing increased access to e-commerce outlets

Published 19 Jan, 2022 03:15pm

Business & Finance

CreditBook raises $1.5M Seed investment to scale users and product offerings

Pakistani Fintech CreditBook that helps micro-entrepreneurs digitise and track their transactions raised $1.5 million in seed funding.
CreditBook plans on using this new investment to scale its users and product offering as well as hire the best talent nationally and internationally.

Published 04 May, 2021 07:48pm

Pakistan

Karandaaz Pakistan accepts applications from banks, PSO and others

ISLAMABAD: Karan-daaz Pakistan is currently accepting applications from commercial banks, branchless banks, ...

Published 30 Apr, 2021 05:06am

Business & Finance

Pakistan-based fintech SadaPay raises $7.2M in seed

SadaPay closes the largest seed round of $7.2 million ever raised by a startup in Pakistan.

Updated 31 Mar, 2021 01:27pm

Business & Finance

P@SHA terms SBP measures for exporters a move in the right direction

Days ago, SBP notified revisions in chapter 20 of the Foreign Exchange Manual to modernize foreign exchange regulations for facilitating startups, fintech, and exports in Pakistan.

Published 20 Feb, 2021 01:56pm

Pakistan

Pakistani startup Safepay bags funding from Stripe

Ziyad Parekh and Raza Naqvi founded the startup in 2019, which became the first fintech company to have graduated from the Y Combinator in the 2020 batch.
“We feel well-positioned with the right partners backing us to help build on the increasing volume of digital payments as well as work with other Pakistani fintechs to further our vision," says Parekh.

Updated 11 Feb, 2021 03:54pm

Startups, fintechs and exports: SBP notifies revisions in chapter 20 of FE Manual

KARACHI: The State Bank of Pakistan (SBP) has notified revisions in chapter 20 of the Foreign Exchange Manual to...

Published 11 Feb, 2021 04:34am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 18	278.55
USD PKR Interbank Buying / Dec 18	278.25
USD to Japanese Yen / Dec 18	153.63
USD to Swiss Franc / Dec 18	0.89
Pound Sterling to USD / Dec 18	1.27
Euro to USD / Dec 18	1.05

Stock	Volume
S&P 500 / Dec 17	6,050.61
Nasdaq / Dec 17	20,109.06
Dow Jones / Dec 17	43,449.90
India Sensex / Dec 18	80,231.76
Tokyo Nikkei / Dec 18	39,081.71
Hang Seng / Dec 18	19,857.31
FTSE 100 / Dec 18	8,222.99
Germany DAX 30 / Dec 18	20,267.35

Item	Value
Gold 10 Grams PKR / Dec 17	241,860
Petrol/Litre / Dec 18	252.10
Crude Oil USD/Barrel / Dec 18	70.43
Karachi Cotton PKR/37.32 KG / Dec 18	17,585
Gold Spot USD/Ounce / Dec 18	2,644.54
Diesel/Litre / Dec 18	255.38

Gainers
Losers
Leaders

Stock	Price
LSE Capital / Dec 18 LSE Capital Limited(LSECL)	6.70 ▲ 1.00 (17.54%)
S.G.Power / Dec 18 S.G. Power Limited(SGPL)	9.17 ▲ 1.00 (12.24%)
Faran Sugar (R) / Dec 18 Faran Sugar Mills Limited (R)(FRSMR)	9.43 ▲ 1.00 (11.86%)
Gulshan Sp. / Dec 18 Gulshan Spinning Mills Limited(GSPM)	4.47 ▲ 0.42 (10.37%)
Aisha Steel Mill / Dec 18 Aisha Steel Mills Limited(ASL)	11.06 ▲ 1.01 (10.05%)
Oilboy Energy / Dec 18 Oilboy Energy Limited(OBOY)	11.50 ▲ 1.05 (10.05%)
Suhail Jute / Dec 18 Suhail Jute Mills Limited(SUHJ)	61.55 ▲ 5.60 (10.01%)
Attock Cement / Dec 18 Attock Cement Pakistan Limited(ACPL)	259.27 ▲ 23.57 (10.00%)
AL-Ghazi Tractors / Dec 18 Al-Ghazi Tractors Limited(AGTL)	564.23 ▲ 51.29 (10.00%)

Stock	Price
National Bank / Dec 18 National Bank of Pakistan(NBP)	66.38 ▼ -7.38 (-10.01%)
First Imrooz Mod. / Dec 18 First Imrooz Modaraba(FIMM)	180.01 ▼ -19.99 (-10.00%)
Imperial Limited / Dec 18 Imperial Limited(IML)	20.16 ▼ -2.24 (-10.00%)
J.A.Textile / Dec 18 J.A. Textile Mills Limited(JATM)	44.37 ▼ -4.93 (-10.00%)
Macter Int. Ltd / Dec 18 Macter International Limited(MACTER)	331.40 ▼ -36.82 (-10.00%)
Mari Petroleum / Dec 18 Mari Petroleum Company Limited(MARI)	728.78 ▼ -80.98 (-10.00%)
Synthetic Prod / Dec 18 Synthetic Products Enterprises Limited(SPEL)	45.89 ▼ -5.10 (-10.00%)
Biafo Ind. / Dec 18 Biafo Industries Limited(BIFO)	198.85 ▼ -22.08 (-9.99%)
Bilal Fibres / Dec 18 Bilal Fibres Limited(BILF)	12.61 ▼ -1.40 (-9.99%)

Stock	Volume
WorldCall Telecom / Dec 18 Worldcall Telecom Limited(WTL)	151,921,663 ▼ -0.15
Pak Elektron / Dec 18 Pak Elektron Limited(PAEL)	107,502,606 ▲ 0.34
Cnergyico PK / Dec 18 Cnergyico PK Limited(CNERGY)	67,234,901 ▼ -0.51
B.O.Punjab / Dec 18 The Bank of Punjab(BOP)	60,136,151 ▲ 0.13
Pak Refinery / Dec 18 Pakistan Refinery Limited(PRL)	55,973,468 ▼ -1.00
K-Electric Ltd. / Dec 18 K-Electric Limited(KEL)	46,669,770 ▼ -0.33
Sui South Gas / Dec 18 Sui Southern Gas Company Limited(SSGC)	42,923,281 ▲ 1.67
PIA Holding Co.Ltd / Dec 18 PIA Holding Company Limited(PIAHCLA)	36,897,118 ▼ -0.46
Aisha Steel Mill / Dec 18 Aisha Steel Mills Limited(ASL)	36,858,206 ▲ 1.01

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