Trends - fintech - Business Recorder

fintech

Payoneer posts solid Q1 results

KARACHI: Payoneer, a global fintech leader empowering small and medium-sized businesses (SMBs) to expand globally,...

Published 16 May, 2025 03:06am

Business & Finance

UAE startup Metric, founded by Pakistanis, announces 7-figure seed round

Launches 'world’s first Chief Financial AI' called Max

Published 17 Apr, 2025 01:04pm

Business & Finance

Dubai named among top 5 fintech destinations globally

City also ranks among top 12 Global Financial Centres

Updated 24 Mar, 2025 04:42pm

Opinion

Pakistan’s leapfrogging moment

In the early 2000s, Kenya was not seen as a global technology hub. Yet, within two decades, it became the beating...

Published 21 Mar, 2025 06:57am

Opinion

The evolution of banking in the age of Gen AI

The banking industry has undergone a remarkable transformation over the centuries, evolving from rudimentary...

Published 27 Feb, 2025 06:44am

Business & Finance

JazzCash joins hands with FAST to introduce ‘Fintech Ecosystems’

ISLAMABAD: JazzCash has partnered with FAST National University of Computer and Emerging Sciences to introduce an...

Published 04 Feb, 2025 06:29am

Perspectives

The great fintech convergence: How will 2025 transform financial services

Imagine paying for your coffee with a glance at your phone, receiving a mortgage approval in minutes, or trading...

Published 03 Feb, 2025 05:54pm

Pakistan

Sajjad joins 1LINK board as independent director

Karachi: Muhammad Hamayun Sajjad has been appointed as an independent director on the Board of 1LINK (Pvt) Ltd....

Published 15 Jan, 2025 02:59am

Technology

IT co seeks to expand footprint in US

KARACHI: A Pakistani IT company, Devsinc, has reiterated its commitment to expand its footprint in the United States...

Published 13 Jan, 2025 03:06am

BR Research

Pakistan’s startups: Grit amid the grind

The startup ecosystem of Pakistan has seen significant highs and lows over the last 5 years. Rising amid VC funding...

Published 19 Dec, 2024 08:45am

Business & Finance

JazzCash redesigns app user interface

ISLAMABAD: JazzCash, Pakistan’s largest fintech platform has unveiled a new brand identity and redesigned the app...

Published 17 Dec, 2024 07:55am

Opinion

From challenges to opportunities: The journey of persistence, resilience, and growth

The Small and Medium Enterprise (SME) sector in Pakistan plays a pivotal role in the national economy, contributing...

Published 22 Nov, 2024 03:03am

Business & Finance

Women Entrepreneurship Day: JazzCash aims to empower 300K women-led businesses, freelancers by 2027

KARACHI: Pakistan’s leading fintech, JazzCash, aims to empower over 300,000 women-led businesses and women...

Published 20 Nov, 2024 07:28am

Technology

Singapore show a big success: IT firms, fintechs looking to grab global opportunities

KARACHI: Pakistan’s IT companies and fintech operators are looking to grab business opportunities in fintech ...

Published 10 Nov, 2024 02:51am

Business & Finance

Hakeem wins emerging fintech products excellence award at Singapore FinTech Festival 2024

SINGAPORE: Walee Financial Services announced that its groundbreaking fintech product, Hakeem, has won the...

Published 08 Nov, 2024 06:17pm

Markets

NayaPay named to 2024 CB Insights’ list of 100 most innovative fintech startups

NayaPay, a fintech platform and the first Electronic Money Institution in Pakistan, has been named to the 2024 CB...

Published 24 Oct, 2024 11:49pm

Business & Finance

UAE, Pak fintech operators sign partnership

KARACHI: The UAE-based fintech, Codebase Technologies, announced its strategic partnership with Pakistani fintech,...

Published 17 Oct, 2024 08:05am

Business & Finance

Qist Bazaar disburses Rs3.4bn loans in 3 years

KARACHI: Qist Bazaar, Pakistan's first and only Sharia-compliant BNPL (Buy Now Pay Later) fintech start-up, has...

Published 26 Sep, 2024 06:48am

Business & Finance

Innovative wins P@SHA ICT Awards 2024

KARACHI: Innovative Pvt Ltd (IPL), Pakistan’s leading provider of Self-Service Banking and Currency Technology...

Published 25 Sep, 2024 06:48am

Business & Finance

Pak cos participate in 24 Fintech 2024 exhibition

ISLAMABAD: The 24 Fintech 2024 exhibition held from 3-5 September 2024 in Riyadh, celebrated the best in Fintech and...

Published 06 Sep, 2024 07:04am

Business & Finance

JazzCash President accepted into Forbes Finance Council

ISLAMABAD: Murtaza Ali, President of JazzCash, Pakistan’s largest fintech platform, has been accepted into the...

Published 15 Aug, 2024 08:02am

Markets

CCP approves 100% acquisition of fintech SadaPay by Turkish firm

The Competition Commission of Pakistan (CCP) has granted approval for the acquisition of 100% shareholding of...

Published 13 Aug, 2024 08:52pm

Opinion

IMF programme & challenges

Pakistan’s economic journey took a momentous turn after it bid farewell to the International Monetary Fund (IMF) ...

Published 02 Aug, 2024 05:55am

Business & Finance

Commerce Plex, Faysal Bank partner to revolutionise remittances

KARACHI: Commerce Plex, a wholly owned and fully licensed subsidiary of Simpaisa Holdings, is collaborating with...

Published 25 Jul, 2024 06:24am

Business & Finance

3rd ABL Fintech Hackathon concludes

LAHORE: Allied Bank, in collaboration with Teamup Ventures, hosted the third mega event of its series of Fintech...

Published 20 Jul, 2024 05:34am

Pakistan

AML transaction monitoring solution: Raqami selects BenchMatrix’s RiskNucleus

KARACHI: Raqami Islamic Digital Bank has selected BenchMatrix’s proprietary solution, RiskNucleus as its ...

Published 02 Jul, 2024 05:07am

Business & Finance

Elevate secures financing of $5m

KARACHI: Elevate, a fintech, based in London and Dubai, has secured financing of $5 million to expand further into...

Published 07 Jun, 2024 06:24am

Business & Finance

JazzCash unveils Payment-via-Link

ISLAMABAD: JazzCash, Pakistan's largest fintech organisation, has unveiled Payment-via-Link, a feature set to...

Published 22 May, 2024 05:54am

Business & Finance

‘Fintech platforms making remittances more affordable, reliable’

ISLAMABAD: Murtaza Ali, Head of JazzCash, spoke at the Dubai Fintech Summit, highlighting that fintech platforms are...

Published 18 May, 2024 05:45am

Business & Finance

JazzCash announces strategic partnership with du Pay

ISLAMABAD: JazzCash announced its strategic partnership with du Pay, the recently launched fintech arm for du, from...

Published 14 May, 2024 05:18am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 16	281.70
USD PKR Interbank Buying / May 16	281.50
USD to Japanese Yen / May 16	145.21
USD to Swiss Franc / May 16	0.83
Pound Sterling to USD / May 16	1.33
Euro to USD / May 16	1.12
UK LIBOR % / May 14	4.96

Stock	Volume
S&P 500 / May 15	5,916.93
Nasdaq / May 15	19,112.32
Dow Jones / May 15	42,322.75
India Sensex / May 16	82,241.91
Tokyo Nikkei / May 16	37,762.61
Hang Seng / May 16	23,345.94
FTSE 100 / May 16	8,686.51
Germany DAX 30 / May 16	23,854.97
France CAC40 / May 16	7,901.67

Item	Value
Karachi Cotton PKR/37.32 KG / May 15	16,985
Gold 10 Grams PKR / May 15	287,379
Crude Oil USD/Barrel / May 16	61.55
Gold Spot USD/Ounce / May 16	3,224.61
Cotton US¢/pound / May 16	65.53
Petrol/Litre / May 17	252.63
Diesel/Litre / May 17	254.64

Gainers
Losers
Leaders

Stock	Price
Equity Modaraba / May 16 First Equity Modaraba(FEM)	3.45 ▲ 0.6 (21.05%)
Pak. P.V.C. / May 16 Pakistan PVC Limited(PPVC)	8.40 ▲ 1 (13.51%)
First Capital Equities / May 16 First Capital Equities Limited(FCEL)	4.50 ▲ 0.52 (13.07%)
Dewan Mushtaq / May 16 Dewan Mushtaq Textile Mills Limited(DMTM)	10.83 ▲ 1 (10.17%)
AN Textile Mills / May 16 AN Textile Mills Limited(ANTM)	13.06 ▲ 1.19 (10.03%)
Sitara Peroxide / May 16 Sitara Peroxide Limited(SPL)	13.73 ▲ 1.25 (10.02%)
Fast Cables / May 16 Fast Cables Limited(FCL)	24.16 ▲ 2.2 (10.02%)
Pak Synthetics / May 16 Pakistan Synthetics Limited(PSYL)	62.34 ▲ 5.67 (10.01%)
Bawany Air Products / May 16 Bawany Air Products Limited(BAPL)	44.17 ▲ 4.02 (10.01%)
Kohinoor Mills / May 16 Kohinoor Mills Limited(KML)	32.09 ▲ 2.92 (10.01%)

Stock	Price
Parmount Sp. / May 16 Paramount Spinning Mills Limited(PASM)	3.16 ▼ -0.54 (-14.59%)
Tariq Corp.Pref. / May 16 Tariq Corporation Limited-Preference Shares(TCORPCPS)	7.14 ▼ -0.97 (-11.96%)
TPL Life Insur. / May 16 TPL Life Insurance Limited(TPLL)	47.57 ▼ -5.27 (-9.97%)
Apna Microfin. / May 16 Apna Microfinance Bank Limited(AMBL)	9.05 ▼ -0.99 (-9.86%)
Crescent Cotton / May 16 Crescent Cotton Mills Limited(CCM)	48.20 ▼ -5.26 (-9.84%)
Ellcot Spinning / May 16 Ellcot Spinning Mills Limited(ELSM)	101.65 ▼ -10.54 (-9.39%)
East West Ins. / May 16 East West Insurance Company Limited(EWIC)	52 ▼ -5.29 (-9.23%)
Shams Textile / May 16 Shams Textile Mills Limited(STML)	24.30 ▼ -2.43 (-9.09%)
B. F. Mod. / May 16 B.F. Modaraba(BFMOD)	7.95 ▼ -0.78 (-8.93%)
Olympia Mills / May 16 Olympia Mills Limited(OML)	46.20 ▼ -4.27 (-8.46%)

Stock	Volume
At-Tahur Ltd. / May 16 At-Tahur Limited(PREMA)	44,317,984 ▲ 0.21
Cnergyico PK / May 16 Cnergyico PK Limited(CNERGY)	32,148,988 ▼ -0.18
Lotte Chemical / May 16 Lotte Chemical Pakistan Limited(LOTCHEM)	28,049,504 ▲ 1.31
Pak Refinery / May 16 Pakistan Refinery Limited(PRL)	24,229,848 ▼ -0.52
K-Electric Ltd. / May 16 K-Electric Limited(KEL)	18,507,342 ▼ -0.04
Pak Elektron / May 16 Pak Elektron Limited(PAEL)	18,144,829 ▼ -1.47
WorldCall Telecom / May 16 Worldcall Telecom Limited(WTL)	16,543,964 ▼ -0.02
Fauji Foods Ltd / May 16 Fauji Foods Limited(FFL)	15,849,609 ▲ 0.05
P.T.C.L. / May 16 Pakistan Telecommunication Company Ltd(PTC)	15,650,899 ▲ 0.64
Sui South Gas / May 16 Sui Southern Gas Company Limited(SSGC)	14,606,631 ▼ -1.2

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