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SECP approves HugoBank pilot operations and a Rs. 1.5 billion equity injection to strengthen its digital banking capital base.
Posted inFinTech & TradFi

SECP Approves HugoBank Pilot Operations, Rs. 1.5 Billion Capital Injection

The Securities and Exchange Commission of Pakistan (SECP) has allowed HugoBank Limited to commence pilot operations in Pakistan while approving a fresh Rs. 1.5 billion equity injection. The new capital…
Posted by Zara Fatima August 5, 2026
NITB's PAK App facilitates Rs. 3.27 billion in government collections through digital payments in July 2026.
Posted inFinTech & TradFi

PAK App Facilitates Rs. 3.27 Billion in Government Collections in July

The National Information Technology Board's (NITB) PAK (Pakistan Asaan Khidmat) App facilitated more than Rs. 3.27 billion in government collections during July 2026, highlighting the growing adoption of digital payment…
Posted by Zara Fatima August 4, 2026
1LINK proposes mandatory PayPak cards for government salary accounts, subsidies, and public sector payments in Pakistan.
Posted inFinTech & TradFi

1LINK Proposes Mandatory PayPak Cards for Government Payments

1LINK has proposed making PayPak cards mandatory for government employees' salary accounts, subsidy programmes, and other public sector payments as part of an effort to reduce Pakistan's reliance on international…
Posted by Zara Fatima August 3, 2026
ABHI Microfinance Bank announces plans for a Pakistan Stock Exchange IPO to raise Rs. 2–3 billion for expansion
Posted inFinTech & TradFi

ABHI Microfinance Bank Plans PSX IPO to Raise Up to Rs. 3 Billion

ABHI Microfinance Bank Ltd. has announced plans to launch an Initial Public Offering (IPO) on the Pakistan Stock Exchange (PSX), targeting Rs. 2–3 billion to fund its next phase of…
Posted by Zara Fatima August 2, 2026
Participants at the UBL shareholders approve up to Rs. 22 billion equity investment in Khushhali Microfinance Bank.
Posted inFinTech & TradFi

UBL and NIC Karachi Launch National Innovation Hackathon 2026

The National Incubation Center (NIC) Karachi, an Ignite-funded initiative under the Ministry of Information Technology & Telecommunication (MoITT), has partnered with United Bank Limited (UBL) to launch the UBL National…
Posted by Zara Fatima August 2, 2026
Banks in Pakistan begin deducting a 10% withholding tax from YouTube, Facebook, and Google AdSense earnings.
Posted inFinTech & TradFi

Pakistan Begins Deducting 10% Withholding Tax on YouTube and AdSense Earnings

Banks across Pakistan have started deducting a 10% withholding tax at source from payments received by influencers, content creators, freelancers, and digital publishers through international platforms such as YouTube, Facebook,…
Posted by Zara Fatima July 30, 2026
The Finance Division launches the Government Payments and Receipts Transformation Unit (GPRTU) to expand Raast digital payments across Pakistan.
Posted inFinTech & TradFi

Pakistan Launches Government Payments and Receipts Transformation Unit to Expand Raast Digital Payments

The federal government has established the Government Payments and Receipts Transformation Unit (GPRTU) within the Finance Division to accelerate the nationwide adoption of Raast, Pakistan's instant digital payment system. The…
Posted by Zara Fatima July 29, 2026
The Ministry of IT announces seven National AI Hubs under Pakistan's National AI Advancement Initiative.
Posted inFinTech & TradFi

Pakistan to Establish 7 National AI Hubs Under Digital Transformation Initiative

Pakistan has taken a major step toward advancing its artificial intelligence capabilities after the Ministry of Information Technology and Telecommunication (MoITT) approved plans to establish seven National Artificial Intelligence (AI)…
Posted by Zara Fatima July 28, 2026
SBP Governor Jameel Ahmad announces Pakistan's external debt servicing will fall to $21.5 billion in FY27
Posted inFinTech & TradFi

Pakistan’s FY27 External Debt Servicing to Fall to $21.5 Billion

Pakistan's external debt bill is about to get noticeably lighter. Speaking after the State Bank of Pakistan's (SBP) latest monetary policy announcement, Governor Jameel Ahmad said the country's external debt…
Posted by Zara Fatima July 27, 2026
FPCCI Acting President Saquib Fayyaz Magoon reacts to the State Bank of Pakistan's latest monetary policy decision.
Posted inFinTech & TradFi

FPCCI Criticizes SBP’s Policy Rate Decision, Urges Interest Rate Cut

The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has voiced disappointment over the State Bank of Pakistan's (SBP) latest monetary policy decision, saying the business community had expected…
Posted by Zara Fatima July 27, 2026

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