Pakistan (Muhammad Yasir) 

Zindigi continues to redefine financial convenience with its latest Advance Salary+ feature. Through this loan offering Zindigi will offer 3,6,9 & 12-month loans which enhance financing options for salaried individuals at the most competitive rates. Building on its AI-driven technologies, Zindigi now offers a hassle-free solution designed to meet the immediate financial needs without any documentation.

This innovation not only enhances accessibility but also sets a new standard in user-centric financial solutions. Unlike traditional loan offerings, the Advance Salary+ Loan stands out by eliminating the need for documentation, simplifying the borrowing process significantly. Aimed to provide maximum convenience to users, Advance Salary+ offers flexible tenure options up to 12 months, allowing borrowers to tailor their repayment plans according to their financial situation. Loan amounts are personalized and based on multiples of the borrower’s salary, ensuring each applicant receives the appropriate level of support.

“This product marks a significant stride in our mission to democratize financial access,” said Talal Ur Rehman, Head of Digital Lending & Wealth Management at Zindigi. “It’s about making financial support accessible to those who previously faced challenges in securing timely credit. Offered to Zindigi’s enterprise customers, this solution opens door to other enterprises across Pakistan ranging from large to micro sized to add on to this service to their employee offering”

Zindigi is dedicated to maintaining innovation and excellence within the financial landscape, persistently working to improve the financial well-being of its customers. With the highest ticket size nano lending offered to it’s consumers, a one month salary loan, Zindigi is committed to provide impactful financial services tailored to meet the needs of various  segements.

 For more information about Zindigi’s commercial loan offering and other financial solutions, visit Zindigi website or download the Zindigi app today.

Karachi (Muhammad Yasir)

Meezan Bank, Pakistan’s leading Islamic bank, has recently announced that it has entered into a referral arrangement with Haball Pvt Ltd, a premier digital payments platform. Mr. Muhammad Abdullah Ahmed, Group Head – Transaction and International Banking Group at Meezan Bank, and Mr. Omer Bin Ahsan, CEO of Haball (Pvt) Limited, signed the agreement.

Through this referral arrangement, Meezan’s clients can now leverage Haball’s multi-bank cash management services to fully digitize their order management lifecycle. Additionally, with the convenience of receiving dealer collections directly into their Meezan accounts, regardless of the initiating bank, buyers will benefit from seamless and hassle-free funds disbursement. This initiative will not only enhance Meezan Bank’s existing cash management system but also expand the reach of its products, Meezan eBiz+ and Meezan Payroll Partner, to a broader customer base.

Mr. Abdullah Ahmed, while speaking at the occasion said, “We are excited to partner with Haball and believe this partnership will benefit both of our customers. We look forward to working with Haball to help businesses in Pakistan streamline their payments process and improve their cash flow.”

Mr. Omer Bin Ahsan, said, “This collaboration with Meezan is a testament to our commitment to innovation in the digital payments space. We are confident that this partnership will bring immense value to our clients by offering them seamless and efficient financial services.”

This agreement marks a significant step forward in the strategic partnership between Meezan and Haball, aimed at leveraging digital innovation to offer their customers seamless and efficient financial services. The collaboration is expected to drive growth, enhance service delivery, and expand the reach of both organizations in the digital payments landscape.

Lahore (Muhammad Yasir)

Punjab Central Business District Development Authority (PCBDDA) also known as Central Business District Punjab (CBD Punjab), a leader in transformative urban development projects, participated in the United Nations Environment Programme (UNEP) technical study and workshop on District Cooling Systems held in Dubai. This prestigious event was hosted by Empower, a renowned leader in district cooling services, in collaboration with Tabreed, a key player based in Abu Dhabi. The workshop gathered global experts and industry leaders to explore innovative solutions and best practices in district cooling systems, which are essential for sustainable urban development. CBD Punjab was represented by Director Project Management, Asif Iqbal, and Deputy Director Deputy Director Renewable Energy & Smart City Solutions, Yasir Khattak. Their presence underscored CBD Punjab’s commitment to integrating advanced cooling technologies and sustainable infrastructure within its ongoing and future projects. As advocates for sustainable development, Asif Iqbal and Yasir Khattak actively engaged in in-depth discussions and collaborative sessions with industry leaders, including the CEO of Empower and other distinguished participants from various countries. These interactions highlighted CBD Punjab’s dedication to adopting global best practices and contributing to environmentally friendly urban environments. The UNEP workshop provided an invaluable platform for knowledge exchange, focusing on the significance of district cooling systems in creating energy-efficient urban landscapes. These systems, which leverage centralized cooling plants to distribute chilled water through an underground network of insulated pipes, significantly reduce energy consumption and greenhouse gas emissions. During the event, Director Project Management, CBD Punjab, Asif Iqbal, expressed his thoughts on the importance of district cooling systems. He stated, “We are honored to be part of this significant initiative by UNEP. District cooling systems are essential for creating energy-efficient and environmentally friendly urban environments. Our participation reflects CBD Punjab’s dedication to adopting global best practices and contributing to sustainable development. He highlighted that CBD Punjab is committed to incorporating these cutting-edge technologies to enhance the quality of life for its communities while minimizing the environmental footprint of its projects. Deputy Director Renewable Energy & Smart City Solutions CBD Punjab, Yasir Khattak also shared his insights on the workshop. He noted, “The workshop provided invaluable insights into cutting-edge district cooling technologies. Collaborating with international experts enhances our ability to implement smart and sustainable solutions in Punjab, benefitting both the environment and our communities. By leveraging expertise from global leaders, CBD Punjab aims to implement innovative solutions that align with international standards and practices, ensuring that its projects are not only sustainable but also resilient and adaptable to future challenges. CBD Punjab’s involvement in this workshop exemplifies its proactive approach towards sustainable urban development. By participating in global forums and engaging with international experts, CBD Punjab is poised to lead the way in implementing advanced cooling technologies and sustainable infrastructure in its projects.

Lahore (Muhammad Yasir)

The tractor manufacturing and parts industry faces a significant crisis, threatening the stability and future of a sector that plays a crucial role in the national economy. With a substantial export value of $20 million, a robust vendor base of 200, and an employment figure reaching 200,000 the industry has achieved an impressive 95% localization.

The imposition of a 10% sales tax on tractors, effective from the budget announcement in June 2024, has exacerbated the situation. Previously, tractors were exempt from sales tax until June 2024, ensuring smooth operations and financial stability for manufacturers like Millat Tractors Limited (MTL). The new tax policy has pushed MTL back into the refund regime, reminiscent of the challenges faced post-2012 when SRO 363 established a refund mechanism that processed refunds efficiently within three months.

In 2022, the introduction of SRO 563 (1)/2022 complicated matters further by imposing conditions on the buyer of tractors. The refund benefit was limited to farmers owning land with valid documentation, excluding many who could not meet these stringent requirements. Since then, despite fulfilling the stipulated conditions, the industry has not received due refunds, causing severe financial strain.

A delegation from the Pakistan Association of Automotive Parts & Accessories Manufacturers (PAAPAM), led by Chairmen, Mr. Abdul Rehman Aizaz, Senior Vice President Mr. Mumshad Ali, along with Mr. Irfan Qureshi, Mr. Rehan Riaz, Mr. Shahab Saleem, Mr. Jawaid Hafeez, and Mr. Anas Haroon visited the Millat Tractors Sheikhupura Plant to address these pressing issues.

Mr. Abdul Rehman Aizaz and Mr. Mumshad Ali highlighted the urgency of the situation, stating, “Since the budget announcement, the mechanism for processing sales tax refunds has not been notified by the Federal Board of Revenue (FBR) despite numerous letters and appeals. Consequently, MTL operations have been halted since July 1st with no orders or invoices issued, causing significant financial losses as compared to the last Year sales of 30,000 units.

The delegation urges the Ministry of Finance (MOF) to intervene and ensure that the FBR establishes an efficient refund process, similar to the one under SRO 363(i)/2022. The failure to address these issues promptly could have detrimental effects on Pakistan’s agriculture sector, which heavily relies on the timely availability of tractors and related machinery.

Summer in Pakistan is a mix of hotter days, balmy nights, and a collective yearning for both adventure and respite from the heat. As families reunite, friends gather, and wanderlust awakens, the quest for the perfect summer destination begins.  Whether you’re a Karachiite seeking solace by the sea, a Lahori indulging in culinary delights, or an Islamabadi yearning for serene green spaces, with the tap of a button, Careem whisks you away to the heart of Pakistan’s most sought-after summer havens.

Airports: Gateways to Adventure

Say goodbye to parking woes and traffic jams as Careem takes care of your airport commutes. Whether you’re flying into Karachi, Lahore, or Islamabad or going to pick friends and family from abroad, Careem ensures a hassle-free ride to and from the airport. Jinnah International Airport in Karachi, Allama Iqbal International Airport in Lahore, and Islamabad International Airport are major hubs connecting these cities to the world and you can rely on Careem to provide seamless airport transfers, making your travel experience smooth and stress-free. Customers in Karachi can also schedule their airport rides in advance by opting for the ‘White Car’ available on the app. 

Karachi

Karachi, known as the City of Lights, is a bustling metropolis where the main entertainment revolves around its vibrant food scene and extensive shopping options. Whether you’re craving the freshest seafood or looking for some retail therapy, Karachi has it all! Over the past two summers, these are the places where Careem customers have taken the most rides!

1. Clifton Beach – Seaview

Experience the cool sea breeze and breathtaking sunsets at Clifton Beach, one of Karachi’s most popular destinations. Families and friends flock here to enjoy camel rides, beach sports, and delectable street food.

2. Do Darya

A culinary hotspot, Do Darya offers an array of seaside restaurants, the most popular hotspots being Kolachi – known for its karhayi’s and kabab’s with restaurants giving a mix of everything with stunning views of the Arabian Sea. From traditional Pakistani dishes to international cuisine, it’s a food lover’s paradise!

3. Dolmen Mall Clifton & LuckyOne Mall: Shop till you drop

Nothing beats the thrill of retail therapy, and Karachi offers several top-notch spots for shopaholics. Some of our most traveled hotspots include Dolmen Mall Clifton and LuckyOne Mall  where you can shop ’til you drop. After you’ve shopped to your heart’s content, refuel at the vibrant food courts. Plus, with plenty of play areas for kids, it’s a perfect day out for the whole family.

4. Burns Road: A Foodie’s Delight

Burns Road is synonymous with Karachi’s food culture. This historic street offers a plethora of traditional eateries serving everything from spicy nihari to sweet jalebis to Waheed’s famous kabab-fry, and everything in between making it a must-visit for food enthusiasts.

5. Northwalk

Northwalk at North Nazimabad is perhaps Karachi’s newest mall which has been the center of attraction. This urban oasis blends seamlessly with its surroundings, offering a refreshing escape. Don’t miss the rooftop dining experience, where you can enjoy delicious food from Karachi’s top outlets under a mesmerizing, star-studded sky. Looks like Karachiites love shopping and dining, and it’s apparent that they hate traffic hence the frequent Careem rides! 

6. Zamzama shopping street:

Once Karachi’s ultimate shopping destination, it’s now a treasure trove of shoe stores, coffee shops, restaurants and rising designers. Interestingly, the car accessories market, just behind the main road at Zamzama is a place customers frequently visit!

7. Omni Karting: Thrill of the Race

Rev up your engines and channel your inner Max Verstappen or Lewis Hamilton (or hey, whatever team you support) at Omni Karting! This isn’t just go-karting; it’s like racing on an F1 track. Whether you’re a newbie or a seasoned racer, the tracks offer a thrilling experience for everyone. Feel the adrenaline rush as you zoom around the corners, overtake your friends, and race to the finish line. Get ready for a fun, high-speed adventure that will leave you feeling like a true racing champion!

Lahore

It’s true what they say – jinnaya Lahore nai vekheya, o jamaiya nai! Lahore, the cultural heart of Pakistan, is renowned for its rich history, delicious food, and vibrant shopping scene. Whether you’re savouring a plate of spicy nihari or exploring bustling bazaars, Lahore never disappoints.

1. Lahore Fort and Badshahi Mosque

Dive into Lahore’s rich history with a visit to the Lahore Fort and Badshahi Mosque. These iconic landmarks showcase magnificent Mughal architecture and are must-see attractions for history enthusiasts. Be sure to grab a bite at Cooco’s Den or Haveli with the view of Badshahi Mosque next time you are around the area.

2. Liberty Market

Liberty Market is still considered to be a shopper’s paradise designed to echo Lahore’s oldest bazaars. It’s packed with shops offering clothing, jewelry, cosmetics, and accessories—perfect for women. But that’s not all! Liberty Market is also a foodie haven, with street food, restaurants, and kiosks galore. However, it can get a bit crowded with the traffic so it makes sense why people prefer taking a Careem ride.

3. Packages & Emporium Mall

Packages Mall is Lahore’s largest mall with over 300,000 ft² of retail space, a hypermarket, multi-screen cinema, and a food court. Emporium Mall is just a little smaller covering 250,000 m² however both malls offer various international and local brands, delicious food options like McDonald’s, Hardee’s, Rice Bowl, and Chacha Jee, plus play areas for kids. Perfect for shopping, dining, and family fun!

4. Shah Alam Market & Moon Market

Dive into the heart of Lahore at Shah Alam Market, commonly known as Shalmi. This historic and bustling bazaar is a must-visit for locals and tourists alike. Offering everything from textiles and clothing to electronics and household items, Shalmi is a one-stop shop that caters to all your needs, wrapped in a vibrant cultural experience.

Located in Iqbal Town, Moon Market is a lively commercial hub that has something for everyone. With a diverse range of shops, eateries, and entertainment options, it’s a favorite spot for both locals and visitors. Whether you’re shopping or simply soaking in the bustling atmosphere, Moon Market is the place to be!

5. Lahore University of Management Sciences (LUMS)

As Lahore’s top university, LUMS attracts a vibrant community of students and faculty. Known for its academic excellence and modern campus, it’s no wonder that Careem is a top choice for the LUMS goers, offering a safe and convenient ride to and from campus. Whether heading to classes or events, people trust Careem to get them there stress free.

6. Anarkali Market

Anarkali Market is one of Lahore’s oldest treasures, offering delicious traditional foods, while the new Bazaar showcases stunning handicrafts and embroidery. Explore vibrant streets like Bano Bazaar and Dhani Ram Road for unique finds. Nearby, the Lahore Museum’s majestic red-brick building features a vast collection of historical and artistic treasures, including Gandhara sculptures and rare manuscripts. Just a short stroll away is the Lahore Zoo, where you can enjoy a day with diverse wildlife and lush greenery. Together, these spots offer a rich blend of culture, history, and fun!

Islamabad

Islamabad, the capital city of Pakistan is known for its lush greenery and serene views. It’s the perfect place for those who love nature and tranquility, offering a peaceful escape from the hustle and bustle of urban life towards the beautiful northern side of Pakistan. Here are the top places where Careemers have commuted the most towards.

1. Daman-e-Koh

For beautiful panoramic views of Islamabad, a visit to Daman-e-Koh is a must. Located in the Margalla Hills National Park, this viewpoint offers stunning vistas of the city and is ideal for photography enthusiasts.

2. F-10 Markaz

F-10 Markaz is perhaps the most liveliest sector inside the Islamabad city, offering literally everything you need. From quality schools and restaurants to shopping centers and family parks, F-10 Markaz is your go-to spot for convenience and community. It’s a bustling area perfect for shopping, dining, and enjoying local amenities! You will surely find some pretty cool and exotic cars there whenever you go!

3. Centaurus & GIGA Mall

Centaurus Mall is one of Islamabad’s premier shopping destinations. The mall features a diverse range of stores, a food court, and a cinema, providing entertainment for all ages. With over 200 national and international brands, plus the Giga Mall Cinepax for movie buffs, it’s a top spot for family fun and entertainment. Since 2016, this largest mall in Islamabad has become a must-visit attraction, blending retail and leisure into one exciting experience.

4. Fatima Jinnah Park (F-9 Park)

One of the largest parks in Pakistan, Fatima Jinnah Park is perfect for outdoor activities. With expansive green spaces, it’s ideal for jogging, picnicking, or simply relaxing. Throughout the year, there are a lot of events happening at the F-9 park, including conferences and concerts.

5. Pakistan Monument and Museum (Shakarparian)

The Pakistan Monument and Museum is all about learning about the country’s history and heritage. The monument’s unique architecture and the museum’s exhibits provide an enriching experience for visitors of all ages.

6. Chandni Chowk (Saddar)

We all know how much Islamabadi’s crave good food! Known for its lively atmosphere and mouth-watering food options, Chandni Chowk in Saddar is the perfect spot to savor delicious street food and experience the bustling charm of the city.

7. Bahria Town

Last but not the least, a must visit is the vibrant Bahria Town Islamabad! With dedicated parks, playgrounds, and the Bahria Enclave Zoo for up-close wildlife encounters, it’s perfect for family fun. Enjoy sports facilities like cricket and tennis courts, a golf course, the Arena cinema, gaming zones, cafes and a range of dining options from Subway and KFC to Chicago Grill Steak House. Bahria Town has something exciting for everyone and hence is one of the most frequently visited spots!

That rounds up the most frequently visited summer hotspots across the major cities of Pakistan.

MAKE CAREEM YOUR COMPANION:  

Careem is committed to providing a safe and secure travel experience for all passengers, especially women. Every Careem ride comes with verified Captains, who are trained to prioritize passenger safety. In addition, Careem’s in-app safety features such as ride tracking and sharing with friends and family, emergency SOS button, in-ride call support and driver details provide extra peace of mind.

For people wanting a car for longer durations, Careem also offers a full day (Premium 5)  and half day (Premium 10) ride that can be scheduled in advance. Scheduling your rides with Careem is a breeze, too.

Choose your ride type, schedule it for later, and enjoy the convenience of tracking your ride and chatting with your Captain through the app, while safe payment – via Careem Pay, credit/debit card or plain old cash – is just as easy. This comes in very handy if you want to explore the city or book it for friends and family who are traveling to make the most of their time.

Make the most of what Pakistan has to offer and enjoy a stress-free summer exploring with just the push of a button.

Happy Summer! 

Karachi (Muhammad Yasir)

Extremely heartening and vibrant participation from solar industry marked the commencement of the highly anticipated Seventh ISEM Pakistan Solar Exhibition and Conference at the Expo Centre Karachi. The event, inaugurated on Friday, promises to be a significant gathering for professionals, stakeholders, and enthusiasts within the solar energy sector in Pakistan and across the globe.

The three-day exhibition, running until Sunday, has drawn the participation of various leading solar companies showcasing their innovative products and solutions.

With a focus on sustainable energy practices, the event aims to promote awareness, foster industry collaborations, and drive the adoption of solar energy technologies across Pakistan.

Speaking as the chief guest, Syed Nasir Hussain Shah, Minister energy & Planning & development department Govt of Sind highlighting its potential to catalyze growth and development in the renewable energy sector.

Syed Nasir Hussain Shah emphasized the government’s commitment to creating an enabling environment for sustainable energy initiatives, encouraging private sector investment, and promoting technological advancements in solar energy production and distribution.

The Pakistan Solar Exhibition and Conference serve as a platform for industry leaders, policymakers, investors, and researchers to exchange ideas, discuss emerging trends, and explore avenues for collaboration.

More than 100 National & International companies participate,

Attendees can expect insightful panel discussions, keynote presentations, and networking opportunities designed to spur innovation and drive the sector forward.

Visitors to the exhibition can explore a wide range of solar products and solutions, including solar panels, inverters, energy storage systems, and solar-powered appliances. Exhibiting companies are showcasing their latest advancements in solar technology, highlighting the efficiency, reliability, and cost-effectiveness of solar energy solutions for residential, commercial, and industrial applications.

The event’s location at the Expo Centre Karachi provides a central hub for industry stakeholders to converge, engage in meaningful dialogue, and forge partnerships that can contribute to Pakistan’s sustainable energy goals. With growing global interest in renewable energy sources, the Pakistan Solar Exhibition and Conference underscore the country’s commitment to leveraging solar power as a key driver of economic and environmental sustainability.

Beijing, China (Nut Desk)

ABHI, an embedded finance platform
was honored to be invited to participate in the 2024 Global Digital
Economy Conference in Beijing, China as part of the Ministry of IT and
Telecom Pakistan delegation along with other Pakistan’s leading
startups.

The four-day conference, themed “Embarking on a New Era of Digital
Intelligence: Sharing a New Future of Digital Economy,” gathered
industry leaders, top academics, think tanks, and policymakers from
around the world. The event featured six forums, segmented into three
signature activities, focusing on digital industrialization,
industrial digitization, digital governance, and data valorization.
The key highlights from the conference included the Digital Economy
Experience Week, Digital Night, and Achievement Release Conference,
which showcased comprehensive application scenarios to expand the
digital economy’s development pattern, stimulate digital consumption,
and enhance the application of digital technologies.

Ali Ladhubhai, COO & Cofounder of ABHI, shared his experience
stating, “I extend my heartfelt gratitude to the Ministry of IT and
Telecom Pakistan for inviting me, along with other leaders. It was
great to witness significant contributions by participants in the
conference, collaborative agendas, and learnings. We look forward to
continuing our mission of driving financial inclusion and digital
transformation with ABHI in the MENAP region.”

Ali Ladhubhai’s participation at the 2024 Global Digital Economy
Conference in Beijing holds significant importance for ABHI as it
reaffirms ABHI’s position as a key player in shaping the digital
economy landscape in the region, leveraging international platforms to
bring global best practices and innovative solutions back home. Moving
forward, ABHI plans to strengthen partnerships with global
stakeholders and incorporate cutting-edge digital solutions to further
empower businesses and individuals in the MENAP region.

Karachi (Muhammad Yasir)

White Paper Summits, a leading events management company, is proud to announce the upcoming 7^TH ISEM (International Solar Energy Meet) Pakistan Solar Exhibition to be held from July 25th to July 27th, 2024, at the Karachi Expo Centre.

This three-day event promises to be a pivotal gathering for professionals, stakeholders, and enthusiasts within the solar energy industry in Pakistan and globally.

Provincial Ministers of Sindh will be inaugurating the event along with Senior Government Officials and Energy Professionals.

The 7^TH ISEM Pakistan Solar Exhibition aims to spotlight Pakistan’s growing prominence in the renewable energy sector, particularly solar power. With increasing global awareness towards sustainable energy solutions, this event becomes a crucial platform for exploring opportunities, fostering collaborations, and advancing discussions on the latest innovations and trends in solar energy.

“We are excited to host the ISEM Pakistan Solar Exhibition and Conference in Karachi,” said Managing Director of White Paper Summits. “Pakistan’s solar energy sector is experiencing rapid growth, and this event provides a unique opportunity for industry leaders, policymakers, and stakeholders to come together, exchange insights, and chart the path towards a sustainable energy future.”

Attendees can expect a comprehensive showcase of solar technologies, products, services, and solutions from leading local and international exhibitors. The exhibition segment will provide a hands-on experience with the latest advancements in solar panels, inverters, energy storage systems, monitoring devices, and more.

Moreover, the conference agenda features a lineup of esteemed speakers and thought leaders sharing their expertise through keynote sessions, panel discussions, and interactive workshops. Topics will span across solar policy frameworks, investment opportunities, technological advancements, project financing, sustainability practices, and market insights tailored to Pakistan’s solar energy landscape.

Participants can also anticipate networking opportunities to connect with industry peers, forge strategic partnerships, and explore business collaborations. The event’s holistic approach aims to empower stakeholders with knowledge, resources, and networks essential for driving sustainable growth and development in Pakistan’s solar energy sector.

ISEM Pakistan Solar Exhibition is open to professionals, businesses, academia, government representatives, investors, and all stakeholders interested in contributing to Pakistan’s renewable energy journey.

Pakistan (Muhammad Yasir)

Ali Takesh has been appointed as the new Managing Director for Philip Morris Pakistan and Afghanistan, effective August 1, 2024. Ali Takesh succeeds Roman Yazbeck, who has led the company since January 2020 and will exit his role on July 31, 2024.

Ali Takesh brings extensive experience from his last role as Managing Director for Saudi Arabia and Kuwait at Philip Morris International (“PMI”), based in Dubai, UAE. With a strong background in driving commercial strategies and managing significant market transitions, Ali Takesh is well-prepared to lead Philip Morris (Pakistan) Limited (“PMPKL”) into its next phase of growth.

Ali Takesh, the incoming Managing Director, shared his comments about joining PMPKL, “I am thrilled to take on this leadership role at PMPKL. The company has a strong foundation, and I am eager to build on the successes achieved under Roman’s leadership. In the coming months and years, we will focus on strengthening our market presence, driving innovation, and deepening our relationships with partners and stakeholders. I look forward to working closely with our dedicated employees, who are our greatest asset, to achieve our ambitious goals.”

Ali Takesh’s tenure at PMI also includes other roles such as Managing Director of Egypt and Vice President of Operations for the EEMA Region, where he was instrumental in executing growth strategies and managing complex regulatory environments. His strategic insights and operational expertise will be invaluable as he navigates the challenges and opportunities ahead.

Lahore (Muhammad Yasir)

Telenor Microfinance Bank (TMB), operator of Pakistan’s leading digital financial services platform easypaisa, has appointed Jahanzeb Khan as President & CEO, effective 24th July 2024.

Jahanzeb is an accomplished executive with over 25 years of global banking experience and expertise in leading organizational transformation. He has demonstrable success in areas such as digital banking, payments, fintech, M&A and business growth across North American and Asian markets. Jahanzeb brings with him a wealth of leadership experience from global blue-chip organizations like JP Morgan Chase & Co., one of the largest global financial services institutions, where he spent twenty years.

Recently, he successfully led FINCA Microfinance Bank as the CEO. He has a proven track record in consistently delivering exceptional results by developing high-performance teams, focusing on value drivers, and executing strategy. This is Jahanzeb’s second stint with TMB. He had earlier joined TMB as Chief Product officer and later as Chief Strategy Officer.

Irfan Wahab Khan, SVP Head of Portfolio Development Telenor Asia and Chairman of the Board, said, “After a thorough and wide-ranging selection process, the Board is delighted to appoint Jahanzeb Khan to lead Telenor Microfinance Bank. Jahanzeb is no stranger to TMB having served in a variety of senior management roles at TMB and his last role as CEO Finca, he also has a solid international background, deep understanding and experience of our business, the industry, and the market in which we operate. He is a strong, dynamic, and value-driven leader with an impressive track record of delivering consistent high-quality performance. The Board warmly welcomes Jahanzeb and is confident that the bank will continue to thrive and lead the digital retail revolution in the country.”

Commenting on his new appointment, Jahanzeb Khan said, “I am thankful to the board and shareholders for providing me the opportunity to lead this prestigious organization and work towards creating a formidable Digital Bank for greater financial inclusion and ease of use in communities across Pakistan. As part of my efforts, I look forward to realizing the bank’s commitment towards digitizing financial services and empowering all of our clients and stakeholders.”

TMB and easypaisa continue to lead Pakistan’s fintech revolution by providing innovative digital financial services to millions of Pakistanis. Since launching easypaisa in 2009 as the country’s first branchless banking service, it has become the most used digital payments platform.

In 2023, TMB received a No Objection Certificate and In-Principle Approval for a Digital Retail Bank license from the State Bank of Pakistan under the Licensing and Regulatory Framework for Digital Banks.

Today, easypaisa boasts 45 million registered accounts and over 15 million monthly active users, with one in four Pakistani adults having an easypaisa account. As TMB transitions to a digital retail banking model, it is poised to redefine access to digital financial services, driving economic empowerment across all segments of Pakistani society.