Trends - fintechs - Business Recorder

fintechs

Digital channels drive 87pc of retail payments

State Bank of Pakistan highlights significant strides in Pakistan’s journey toward a cashless and digitally inclusive economy

Updated 21 Dec, 2024 02:47pm

Technology

Experts call for addressing challenges to spur IT growth in Pakistan

Experts at State Bank of Pakistan (SBP) have said the authorities in order to catalyze economic growth through...

Published 08 Jul, 2023 08:40pm

Business & Finance

EU proposes payments sector shake-up to boost fintechs

LONDON: The European Union on Wednesday proposed making the payments sector more competitive, giving legal backing ...

Published 03 Jul, 2023 06:04am

BR Research

SBP move leaves fintechs baffled

SBP has recently made some changes in the fee and cost structure of payments associated with cards (debit and...

Published 28 Mar, 2023 08:56am

Business & Finance

Digitisation of country’s financial landscape highlighted

KARACHI: In the 15th episode of State Bank of Pakistan’s Podcast series, Sohail Javaad, the executive director of...

Published 23 Nov, 2022 06:58am

Business & Finance

Digital lenders disbursed Rs33bn loans during last fiscal, says analyst

ISLAMABAD: The new digital lending fintechs (non-banking finance companies) have disbursed cumulative loans worth...

Published 10 Nov, 2022 06:49am

Business & Finance

11th ‘Bank of the Future Forum 2022’ held

KARACHI: NdcTech, a leading IT & consulting firm providing transformational services for the banking sector...

Published 15 Oct, 2022 05:38am

Technology

Electronic Money Institutions: here is a list of all SBP-authorised EMIs in Pakistan

As Pakistan adopts digital payments, the financial sector has been abuzz with new players looking to enter the ...

Updated 10 Apr, 2022 01:35am

Technology

Lahore-based Taro raises $3.5mn in pre-seed funding

Will look to provide easy access to credit to all Pakistanis, allowing increased access to e-commerce outlets

Published 19 Jan, 2022 03:15pm

Business & Finance

CreditBook raises $1.5M Seed investment to scale users and product offerings

Pakistani Fintech CreditBook that helps micro-entrepreneurs digitise and track their transactions raised $1.5 million in seed funding.
CreditBook plans on using this new investment to scale its users and product offering as well as hire the best talent nationally and internationally.

Published 04 May, 2021 07:48pm

Pakistan

Karandaaz Pakistan accepts applications from banks, PSO and others

ISLAMABAD: Karan-daaz Pakistan is currently accepting applications from commercial banks, branchless banks, ...

Published 30 Apr, 2021 05:06am

Business & Finance

Pakistan-based fintech SadaPay raises $7.2M in seed

SadaPay closes the largest seed round of $7.2 million ever raised by a startup in Pakistan.

Updated 31 Mar, 2021 01:27pm

Business & Finance

P@SHA terms SBP measures for exporters a move in the right direction

Days ago, SBP notified revisions in chapter 20 of the Foreign Exchange Manual to modernize foreign exchange regulations for facilitating startups, fintech, and exports in Pakistan.

Published 20 Feb, 2021 01:56pm

Pakistan

Pakistani startup Safepay bags funding from Stripe

Ziyad Parekh and Raza Naqvi founded the startup in 2019, which became the first fintech company to have graduated from the Y Combinator in the 2020 batch.
“We feel well-positioned with the right partners backing us to help build on the increasing volume of digital payments as well as work with other Pakistani fintechs to further our vision," says Parekh.

Updated 11 Feb, 2021 03:54pm

Startups, fintechs and exports: SBP notifies revisions in chapter 20 of FE Manual

KARACHI: The State Bank of Pakistan (SBP) has notified revisions in chapter 20 of the Foreign Exchange Manual to...

Published 11 Feb, 2021 04:34am

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Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jul 17	285.03
USD PKR Interbank Buying / Jul 17	284.83
USD to Japanese Yen / Jul 18	148.81
USD to Swiss Franc / Jul 18	0.80
Pound Sterling to USD / Jul 18	1.34
Euro to USD / Jul 18	1.16
UK LIBOR % / Jul 18	4.96

Stock	Volume
S&P 500 / Jul 18	6,296.79
India Sensex / Jul 18	81,757.73
Tokyo Nikkei / Jul 18	39,819.11
Nasdaq / Jul 18	20,895.66
Hang Seng / Jul 18	24,825.66
FTSE 100 / Jul 18	8,992.12
Dow Jones / Jul 18	44,342.19
Germany DAX 30 / Jul 18	24,289.51
France CAC40 / Jul 18	7,822.67

Item	Value
Crude Oil USD/Barrel / Jul 18	67.34
Karachi Cotton PKR/37.32 KG / Jul 18	16,585
Gold 10 Grams PKR / Jul 18	306,584
Gold Spot USD/Ounce / Jul 18	3,349.94
Cotton US¢/pound / Jul 18	68.68
Petrol/Litre / Jul 20	272.15
Diesel/Litre / Jul 20	284.35

Gainers
Losers
Leaders

Stock	Price
Kohinoor Power / Jul 18 Kohinoor Power Company Limited(KOHP)	8.22 ▲ 1 (13.85%)
Abdullah Shah / Jul 18 Abdullah Shah Ghazi Sugar Mills Limited(AGSML)	9.41 ▲ 1 (11.89%)
Chenab Ltd / Jul 18 Chenab Limited(CHBL)	9.64 ▲ 0.99 (11.45%)
Chenab Ltd (Pref) / Jul 18 Chenab Limited (Pref)(CLCPS)	3.67 ▲ 0.36 (10.88%)
Askari Life Assur. / Jul 18 Askari Life Assurance Company Limited(ALAC)	10.47 ▲ 1 (10.56%)
Trust Mod. / Jul 18 Trust Modaraba(TRSM)	10.72 ▲ 1 (10.29%)
Sitara Peroxide / Jul 18 Sitara Peroxide Limited(SPL)	19.46 ▲ 1.77 (10.01%)
Fateh Ind. / Jul 18 Fateh Industries Limited(FIL)	167.65 ▲ 15.24 (10%)
Bunnys Limited / Jul 18 Bunnys Limited(BNL)	120.54 ▲ 10.96 (10%)
Pakistan Services / Jul 18 Pakistan Services Limited(PSEL)	1,216.22 ▲ 110.57 (10%)

Stock	Price
B. F. Modaraba / Jul 18 B.F. Modaraba(BFMOD)	11.32 ▼ -1.26 (-10.02%)
Apna Microfin. / Jul 18 Apna Microfinance Bank Limited(AMBL)	12.49 ▼ -1.39 (-10.01%)
PIA Holding Co.B / Jul 18 PIA Holding Company Limited B(PIAHCLB)	34,461.47 ▼ -3829.05 (-10%)
Premier Insurance / Jul 18 Premier Insurance Limited(PINL)	9.88 ▼ -1.06 (-9.69%)
Pak Datacom / Jul 18 Pak Datacom Limited(PAKD)	243.21 ▼ -25.46 (-9.48%)
ICC Industries / Jul 18 ICC Industries Limited(ICCI)	13.15 ▼ -1.37 (-9.44%)
Kohat Textile / Jul 18 Kohat Textile Mills Limited(KOHTM)	63.20 ▼ -6.54 (-9.38%)
Tri-Star Mutual / Jul 18 Tri-Star Mutual Fund Limited(TSMF)	10 ▼ -1 (-9.09%)
D.M. Corporation / Jul 18 D.M. Corporation Limited(DMC)	41.01 ▼ -4.08 (-9.05%)
Suhail Jute / Jul 18 Suhail Jute Mills Limited(SUHJ)	102.70 ▼ -9.58 (-8.53%)

Stock	Volume
Pak Int.Bulk / Jul 18 Pakistan International Bulk Terminal(PIBTL)	53,113,672 ▲ 0.05
First Dawood Prop. / Jul 18 First Dawood Properties Limited(FDPL)	42,000,846 ▼ -0.07
Ghani Chemworld / Jul 18 Ghani Chemworld Limited(GCWL)	31,782,721 ▲ 0.2
K-Electric Ltd. / Jul 18 K-Electric Limited(KEL)	30,837,994 ▲ 0.04
WorldCall Telecom / Jul 18 Worldcall Telecom Limited(WTL)	20,860,330 ▼ -0.03
Askari Bank / Jul 18 Askari Bank Limited(AKBL)	19,960,215 ▲ 1.22
B.O.Punjab / Jul 18 The Bank of Punjab(BOP)	18,705,405 ▼ -0.32
Chenab Ltd / Jul 18 Chenab Limited(CHBL)	12,945,948 ▲ 0.99
DH Partners / Jul 18 DH Partners Limited(DHPL)	11,461,194 ▲ 2.41
Cnergyico PK / Jul 18 Cnergyico PK Limited(CNERGY)	11,055,462 ▼ -0.11

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