The sector fared slightly worse than average, as its funding declined almost 80pc to $20m in FY23 and the number of deals dipped.
Updated01 Apr, 202409:46am
The GDP of the information and communication sector fell year-on-year in three of the four quarters of FY23, as per the State Bank.
Published26 Feb, 202408:43am
Online transactions through banks, microfinance banks, and EMIs clocked in at 561m for Q1-FY24 as against 141.3m done over the counter.
Updated11 Jan, 202404:02pm
Meezan leads in mobile and internet banking with over a quarter of the industry’s total transactions in the first half of 2023.
Published20 Nov, 202307:50am
According to the World Bank’s Findex, only 3.6pc of Pakistanis report borrowing from a financial institution or mobile money
Published11 Sep, 202307:02am
Numbers indicate that for females, for every Rs100 spent through a payment card, Rs12.7 is paid via point of sales and Rs4.4...
Published04 Sep, 202308:31am
Earlier in March, the State Bank reported that over $8.93m was remitted out of Pakistan in the last two years through video chat apps.
Published28 Aug, 202308:32am
Predatory practices by instant lending apps raise alarming questions about users' exploitation and the need for tighter regulations in Pakistan.
Updated16 Aug, 202302:54pm
