Dec 7, 2020
Following an extensive search and competitive selection process, the stakeholders of InfraZamin Pakistan, namely Karandaaz Pakistan, and the Private Infrastructure Development Group (PIDG) companies InfraCo Asia Investments and GuarantCo, have appointed Ms Maheen Rahman as the company’s Chief Executive Officer.
Nov 30, 2020
Karandaaz Pakistan with the support of Bill & Melinda Gates Foundation (BMGF) and UK’s Foreign, Commonwealth and Development Office (FCDO) is running a Digital Experiments Program to support the digital financial service (DFS) players.
Islamabad | Nov 9, 2020
Pakistan: InfraZamin Pakistan is an innovative, for-profit credit enhancement facility funded with equity capital from InfraCo Asia Investments and Karandaaz Pakistan, provided by the United Kingdom’s Foreign, Commonwealth and Development Office (FCDO).
Islamabad | Oct 8, 2020
Karandaaz Pakistan has launched the second round of its annual challenge titled, Karandaaz Financial Inclusion of Women Challenge on 8th October, 2020 in Islamabad. Karandaaz Pakistan has invited applications in two categories to support businesses that not only create financial products but also from the businesses that enable women consumers to adopt Financial Services. The proposed solutions may be in any area within the two defined categories.
Sep 30, 2020
United Kingdom through Karandaaz’s Risk Participation Facility with Meezan Bank, Pakistan’s first and largest Islamic bank is financing the development and production of a High Flow Nasal Oxygen (HFNO) device, which can also be used as a Continuous Positive Airway Pressure (CPAP) device, by Alsons Group, Pakistan’s premier precision engineering company.
Sep 9, 2020
Karandaaz with the funding from the United Kingdom’s Foreign, Commonwealth and Development Office (FCDO) has signed an equity investment deal with Secure Logistics (Pvt) Ltd (SLG). Karandaaz’s equity investment with added co-investment from an international investor, Saudi Bugshan Group in SLG, totals to PKR 1.2 billion.