Karachi: Allied Bank, a leading commercial institution in Pakistan, has announced a strategic partnership with Paysys Labs to pilot the Interledger Protocol (ILP) for cross-border payments. This initiative marks a significant step in enhancing the eff…
Karachi: The State Bank of Pakistan (SBP) provided an update on its overnight repo and reverse repo facilities, revealing the activity levels for June 16, 2025. The report indicates that three institutions accessed the SBP’s overnight repo facility, u…
Karachi: SIMOSA, the flagship digital platform by Jazz, has been featured in an Ivey Publishing business case study titled “Jazz World to SIMOSA: A Blueprint for Digital Transformation from App to Ecosystem.” This study, authored by students from NUST…
Karachi: The Pakistan Credit Rating Agency Limited (PACRA) has assigned initial entity ratings to ZKB Construction (Pvt.) Limited, a special purpose vehicle (SPV) established to facilitate Shariah-compliant funding through Sukuk issuance for Zahir Kha…
Karachi: The Exchange Companies Association of Pakistan reported minimal changes in the currency exchange rates on June 16, 2025. According to the data, the US dollar traded at 283.53 for buying and 285.34 for selling, indicating a stable market.
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Karachi: Business and industry leaders in Pakistan have expressed their dissatisfaction with the State Bank of Pakistan’s decision to maintain the current policy rate, citing concerns over its disconnect with the nation’s inflation figures and economi…