BankIslami Launches Pakistan’s First Shariah-Compliant Raast QR Payment Gateway
Pakistan’s first digital Islamic banking platform, ‘aik’ by BankIslami, has launched aikPay— Pakistan’s first Shariah-compliant Raast-enabled QR Payment Gateway. Built on the State Bank of Pakistan’s Raast infrastructure, aikPay enables real-time online payments through dynamic QR codes, allowing customers to pay instantly from their bank accounts and enabling merchants to receive payments securely through a smooth checkout experience.
Mehfooz
CAT dismisses banks’ appeals, upholds CCP’s Rs.205M penalties in ESA Cartel Case
The CCP had imposed a penalty of PKR 30 million on the PBA and PKR 25 million each on Habib Bank Limited, Allied Bank Limited, MCB Bank Limited, United Bank Limited, Saudi Pak Bank Limited, Atlas Bank Limited, and National Bank Limited.
UBL & AUTON8 Successfully Complete Core Banking Data Migration for 105 Ex‑Silk Bank Branches
United Bank Limited (UBL) has successfully completed a large-scale core banking data migration with AUTON8 in six months, transitioning data from Ex-Silkbank’s Temenos T24 core banking system to UBL’s Symbols platform.
RDA inflows rise to $11.707 Billion in Dec 2025
The inflow of remittances under Roshan Digital Account (RDA) has risen to US $11.707 billion by the end of December 2025, as compared to US $11.494 billion by November (2025) end.
PMYP & Dellsons Unveil Free Digital Remittance Wallet for Overseas Pakistanis
The Prime Minister’s Youth Programme signed a Letter of Intent (LOI) with Dellsons Associates Private Limited at the Prime Minister’s Office to collaborate on developing a Digital Wallet linked with the Digital Youth Hub, aimed at enabling instant and zero cost remittances for overseas Pakistanis, particularly blue collar workers in the United Arab Emirates, as…
SBP injects Rs 358.5 billion in the market
The State Bank of Pakistan (SBP), on Thursday, injected Rs 358.5 billion through Reverse Repo Purchase and Shariah Compliant Mudarabah based Open Market Operations (OMO) to maintain liquidity in the market.
Pakistan Customs enforces official bank exchange rates on shipping charges
Pakistan Customs has achieved a major industry-wide breakthrough by ensuring the application of official bank exchange rates on shipping charges, effectively ending the long-standing practice of arbitrary and excessive billing by international shipping lines and providing relief to traders and exporters.
Temporary Airspace Closure in Iran Forces Airlines to Reroute
Iran closed its airspace temporarily to most flights late on Wednesday, forcing airlines to cancel, reroute or delay some flights, amid concerns about possible military action between the United States and Iran.
US Suspends Immigrant Visas for 75 Nations Including Pakistan
U.S. President Donald Trump’s administration is suspending processing for immigrant visas for applicants from Pakistan and 74 countries, a State Department spokesperson said on Wednesday, as part of Washington’s intensifying immigration crackdown.
Airbus Holds No.1 Planemaker Title, Faces Engine Supply Strains
Airbus reported a 4% increase in aircraft deliveries last year, reaching a total of 793 planes. The European aerospace giant said the performance keeps it firmly on track to remain the world’s largest planemaker, even as it continues to grapple with industrial challenges and mounting concerns over engine supply constraints.