Tag Archives: financial inclusion initiatives

Bank Makramah Limited (BML) Receives Approval to Change Name, Focuses on Becoming a Leading Islamic Bank

Bank Makramah Limited (BML) Receives Approval to Change Name, Focuses on Becoming a Leading Islamic Bank

Bank Makramah Limited (BML) recently obtained approval from the State Bank of Pakistan to change its name from Summit Bank Limited. This strategic decision comes after the acquisition of a controlling stake in Summit Bank by Nasser Abdulla Hussain Lootah, a prominent Emirati investor. However, the name change will be subject to further regulatory and… Read More »

South African Firm Invests $1M in Pakistani Startup to Revolutionize Financial Landscape

South African Firm Invests $1M in Pakistani Startup to Revolutionize Financial Landscape

In a groundbreaking move that promises to revolutionize Pakistan’s financial landscape, the renowned South African firm, DNI Group, has made a significant investment of $1 million into Neem, an emerging startup in the country. This strategic partnership aims to foster innovation, catalyze growth, and promote embedded finance in Pakistan. Enhancing Neem’s Banking-as-a-Service Technology and Platform… Read More »