Central bank issues microfinance banking license to Pakistan subsidiary of Egyptian fintech

This undated file photo shows premises of the State Bank of Pakistan. (Shutterstock/File)
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Updated 05 June 2025
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Central bank issues microfinance banking license to Pakistan subsidiary of Egyptian fintech

  • Halan Microfinance Bank Limited is a subsidiary of MNT-Halan, one of Egypt’s largest microfinance companies
  • MNT-Halan acquired Advans Pakistan Microfinance Bank in 2024, rebranded it as Halan Microfinance Bank

KARACHI: The State Bank of Pakistan said on Thursday it had granted a nationwide microfinance banking license to Halan Microfinance Bank Limited, a subsidiary of MNT-Halan, one of Egypt’s largest microfinance companies.

MNT-Halan acquired Advans Pakistan Microfinance Bank in March 2024 and rebranded it as Halan Microfinance Bank. Halan focuses on digital banking, mobile wallets, cards, and a Buy Now, Pay Later (BNPL) platform.

“The State Bank of Pakistan has granted a Nation-wide microfinance banking license to Halan Microfinance Bank Limited with effect from June 03, 2025,” the bank said in a statement. 

“The MFB has recently been acquired by MNT-Halan, Egypt’s leading fintech company having global presence, offering business and consumer lending, digital payments and e-commerce solutions to the underserved and underbanked.”

Since the acquisition, Halan has served Pakistan’s southern Sindh province with a range of financial services for micro, small, and medium-sized enterprises. The fintech has a network of 19 branches.

Halan Microfinance Bank pledged a $10 million investment in 2025 to drive expansion across Pakistan, reinforcing its presence in the country’s financial sector.

MNT-Halan was founded in 2018 and serves over eight million customers, including over a million borrowers. It holds a significant market share of 25 percent in Egypt. The fintech initially started as a ride-hailing service but has since evolved into a digital financial services provider, offering a range of financial services through their app, including lending, payments, e-commerce, and more.


Pakistan seeks UK action over ‘incitement to violence’ against top military commander

Updated 26 December 2025
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Pakistan seeks UK action over ‘incitement to violence’ against top military commander

  • Move follows a video that purportedly showed a PTI supporter in Bradford referencing violence against the army chief
  • Pakistan’s deputy interior minister says the government has written to the UK, saying the content breaches British law

ISLAMABAD: Pakistan’s State Minister for Interior Tallal Chaudhry said on Friday the government has written a letter to the United Kingdom to express concern over social media content circulating from British territory, which he said amounts to incitement to violence against the Pakistani state.

Speaking to a local news channel, Chaudhry said the government raised the issue after a video clip on social media purportedly showed a protester of former Prime Minister Imran Khan’s Pakistan Tehreek-e-Insaf (PTI) party criticizing Chief of Army Staff Field Marshal Asim Munir and referring to violence against him.

“This is not a political matter, nor is it a question of freedom of expression,” the minister said while speaking to Geo TV. “This is clearly a violation of international law and of Britain’s own laws, including the British Terrorism Act 2006.”

He said the material went beyond political dissent and amounted to incitement to violence, adding that Pakistan had conveyed to British authorities that states are responsible for ensuring that individuals residing on their territory — whether citizens, asylum seekers or others — do not incite rebellion or violence against another sovereign country.

“What is very dangerous is that a very specific act — a car bombing — has been referenced,” he continued. “It has not been generalized.”

A social media post by a Britain-based journalist claimed that the video was recorded during a protest outside Pakistan’s consulate in Bradford, though neither the authenticity of the footage nor the identity of the individual could be independently verified.

Chaudhry said Pakistan’s complaint to the UK was lodged under international law, British law and United Nations principles governing relations between states, stressing that the issue was one of incitement rather than protected speech.

“This is not about freedom of expression. This is about incitement and terrorism, which is against Britain’s own laws,” he said, adding that Islamabad expects British authorities to take action.

Pakistani officials have also previously voiced concerns over social media activity by PTI supporters abroad that they say fuels unrest and hostility toward state institutions.

British authorities have not publicly responded to the letter or Chaudhry’s statement.

PTI has not reacted to either of them as well.