Retail Transactions Surge by 11%, Volume Hits 2,143 Million
The State Bank of Pakistan (SBP) has released its Quarterly Payment Systems Review for Q2 FY25,providing summary on payment systems and presenting notable changes in country’s digital payments. Pakistan’s digital payment landscape strengthens as transactions continue to increase in Q2-FY25 aswell. Retail transactions witnessed an 11% increase in volume, reaching 2,143 million, while the valueof…
Mehfooz
IMF, Pakistan reach 1st staff level agreement under EFF
Khurram Schehzad, Advisor to the Finance Minister, shared on X that, upon receiving Board approval, Pakistan will gain access to approximately $1 billion under the Extended Fund Facility (EFF). This will raise the total disbursements under the EFF to nearly $2 billion, marking a substantial financial step towards economic stabilization and progress for the country.
Editor
Jazz & Mercantile Launch iPhone Trade-In Offer in Pakistan
Jazz, Pakistan’s leading digital conglomerate, in partnership with Mercantile, Apple’s authorized distributor in Pakistan, has introduced the country’s first-ever iPhone Trade-In Program, making the iPhone 16 series more accessible and affordable.
Adil Aziz
Jazz Boosts Pakistan’s Digital and Financial Growth with Rs.53.9 Billion Investment in 2024
Jazz is at the forefront of Pakistan’s digital transformation, accelerating its shift to a digital-first ServiceCo while fueling financial inclusion and digital adoption at scale. With a record Rs. 53.9 billion investment in 2024, a 46.2% year-on-year (YoY) increase Jazz is redefining how Pakistanis connect, transact, and engage in an increasingly digital economy.
Tetra Pak extends its nutrition partnership with Islamabad United for PSL Season 10
Through this continued alliance, Tetra Pak aims to promote the importance of safe and healthy packaged milk in maintaining an active lifestyle. Islamabad United players will benefit from the high-quality nutrition provided by packaged milk, aiding in muscle recovery and overall fitness during the intense PSL season 10.
PDA Delegation Highlights Dairy Challenges in Talks with Haroon Akhtar
Special Assistant to the Prime Minister (SAPM) Haroon Akhtar Khan held a meeting with a delegation from the Pakistan Dairy Association (PDA) to discuss the challenges facing the dairy sector and explore possible solutions.
Textile exports surge by 9.3% in 8 months
Pakistan’s textile exports experienced a notable growth of 9.31% during the first eight months of the current financial year (July-February), as reported by the Pakistan Bureau of Statistics (PBS) on Monday.
SECP Empowers Life Insurance Savings with Tech-Driven Distribution Channels
The Securities and Exchange Commission of Pakistan (SECP) has issued the Directive for the Sale of Life Insurance Savings Products through Technology-Based Distribution Channels, 2025, aimed at fostering a flexible and enabling environment for the digital distribution of life insurance savings products.
DWP Sets New Benchmark in Customer Support with Innovative Service Expansion Customer-First Approach
DWP is redefining customer support standards through a comprehensive transformation of its consumer service network, staying true to its customer service department’s tagline, “Your Comfort, Our Care.”
Visa cardholders can now add their cards to Google Wallet in Pakistan
Visa (NYSE: V), a global leader in digital payments, has announced that cardholders in Pakistan can now add their Visa cards to Google Wallet.