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Bank Alfalah & PayFast collaborate to disrupt online payments

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Bank Alfalah and PayFast have joined hands to enable MasterCard Payment Gateway Services (MPG) on PayFast’s payment gateway with the objective of transforming the financial services sector in Pakistan. The partnership will make PayFast the only payment gateway solution in Pakistan to offer multiple financial instrument acceptance i.e. bank accounts, mobile wallets and scheme cards such as UnionPay and now Visa and MasterCard.

With the COVID 19 pandemic, the need for digital payments has increased exponentially. This partnership between PayFast and Bank Alfalah will thus offer acceptance of domestic and international Visa & MasterCards to PayFast’s E-Commerce merchant’s ecosystem. The ambition is to make online payments seamless and frictionless for online shoppers.

Speaking about this partnership, Bank Alfalah representative Mr. Syed Muhammad Asif, Head of Unsecured Business, said “We at Bank Alfalah are pleased to collaborate with PayFast to branch out online payments further. This will help in creating a smooth and safe experience for digital transactions for users across the country, which will be a step forward in making cashless transactions more popular.”

Bank Alfalah is one of the largest private banks in Pakistan with a network of over 700 branches in more than 200 cities across Pakistan with an international presence in Bangladesh, Afghanistan, Bahrain and a representative office in the UAE. The Bank is owned and operated by the Abu Dhabi Group. The International Finance Corporation (IFC) of the World Bank partnered with the Bank in 2014 and holds a 15 percent stake in Bank Alfalah. The Bank provides financial solutions to consumers, corporations, institutions, and governments through a broad spectrum of products and services, including corporate and investment banking, consumer banking and credit, securities brokerage, commercial, SME, AgriFinance, Islamic Banking, and Asset Financing.

Mr. Adnan Ali, CEO, APPS, said, “Bank Alfalah shares the same vision with us for creating a cashless society and MPG integration with our Checkout will play a catalyst role in E-commerce payment acceptance. This partnership further diversifies payment methods of PayFast as we can also accept Visa and MasterCard Debit & Credit Cards for our online merchant partners. This will allow us to continue our quest in fighting cash and resolving the bottlenecks faced by merchants while embracing the digital era.”

The mission of PayFast is to create a digital payment platform and offer acceptance of multiple payment instruments, instant onboarding, Robust APIs and 24/7 ready support & request to pay/invoicing-based payments through a payment link. PayFast has also partnered with UnionPay International to innovate mobile payment in Pakistan by upgrading Bank’s Mobile Apps for QR & Contactless Payments.

 

 

Business

TECNO announces up to 14pc discount on CAMON 50 series

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LAHORE: TECNO has announced a limited-time Brand Day campaign on Daraz, offering discounts of up to 14 per cent on selected smartphones, including its flagship-inspired CAMON 50 Series.

The campaign is available exclusively through TECNO’s official store on Daraz and aims to provide customers with authentic smartphones at reduced prices while offering secure online shopping, official warranty coverage and nationwide delivery. The CAMON 50 Series is the centrepiece of the promotion, targeting consumers looking for premium smartphone features at a more affordable price.

Read more: Today’s currency exchange rates in Pakistan – July 15, 2026

Notable features of TECNO CAMON 50 Pro

Among the featured devices, the TECNO CAMON 50 Pro comes with a curved AMOLED display, a slim design and a 50-megapixel Sony camera sensor. The smartphone also includes artificial intelligence-powered photography tools, Super Zoom and intelligent image enhancement features designed to improve portraits, landscape photography and low-light images.

TECNO said the CAMON 50 Series combines AI-powered imaging with practical tools for content creation, allowing users to produce enhanced photos and videos with minimal effort. The company added that purchases made through its official
Daraz store include genuine products backed by official warranty and after-sales services.

Read more: Aitchison-Level Schools coming to Punjab under new plan

How you can take advantage of Brand Day campaign

The Brand Day campaign offers discounts of up to 14pc for a limited time, encouraging customers planning to upgrade their smartphones to take advantage of the promotion before it ends. The offer covers the CAMON 50 Series as well as other selected TECNO smartphones available through the company’s official Daraz storefront.

Category Details
Campaign TECNO Brand Day
Platform Daraz Pakistan
Discount Up to 14% Off
Main Series TECNO CAMON 50 Series
Featured Model TECNO CAMON 50 Pro
Display Premium Curved AMOLED
Camera 50MP Sony Imaging Sensor
AI Features AI Photography, Super Zoom, Intelligent Image Enhancement
Shopping Benefits Official Warranty, Genuine Products, Nationwide Delivery
Availability Limited-Time Offer

Key points:

  • TECNO has launched a limited-time Brand Day campaign on Daraz.
  • Customers can receive up to 14pc discounts on selected TECNO smartphones.
  • The CAMON 50 Series is the flagship highlight of the promotion.
  • The CAMON 50 Pro features a curved AMOLED display and a 50MP Sony camera sensor with AI photography.
  • The offer is available exclusively through TECNO’s official Daraz store.
  • Buyers will receive genuine devices backed by an official warranty and after-sales support.
  • The promotion is available for a limited period.

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Gold

Today’s gold rates in Pakistan – July 15, 2026

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KARACHI – On July 15, 2026, gold prices in Pakistan increased, following the upward trend in international markets.

According to the Saraffa Association, the price of 24-karat gold per tola increased to Rs 428,000 after a rise of Rs 1000, while the rate for 10 grams was Rs 366,090.

Today’s Gold and Silver Rates in Major Cities
City Gold Rate Silver Rate
Karachi PKR 428,000 PKR 3,830
Lahore PKR 428,050 PKR 3,830
Islamabad PKR 428,100 PKR 3,830
Peshawar PKR 428,150 PKR 3,830
Quetta PKR 428,200 PKR 3,830
Sialkot PKR 428,000 PKR 3,830
Hyderabad PKR 428,000 PKR 3,830
Faisalabad PKR 428,000 PKR 3,830
Multan PKR 428,000 PKR 3,830

Note: It is pertinent to mention here that Upfront News in no way claims these rates to be accurate at all times, as the prices can continuously vary.

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Forex

Today’s currency exchange rates in Pakistan – July 15, 2026

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KARACHI – Foreign currency exchange rates for US Dollar, Saudi Riyal, UK Pound Sterling, U.A.E. Dirham, Euro, and other currencies in Pakistan open market on July 15, 2026. The US Dollar’s buying rate stands at Rs 279, and the selling rate at Rs 279.05.

Several other currencies, which include the Australian Dollar (AUD), Canadian Dollar (CAD), Chinese Yuan (CNY), Danish Krone (DKK), Japanese Yen (JPY), Kuwaiti Dinar (KWD), Malaysian Ringgit (MYR), New Zealand Dollar (NZD), and Swiss Franc (CHF), showed no significant change in their rates compared to the previous update.

Currency Symbol Buying Selling Charts
🇦🇺 Australian Dollar AUD 193.33 196.25 📊
🇧🇭 Bahrain Dinar BHD 740.56 750.85 📊
🇨🇦 Canadian Dollar CAD 197.33 201.45 📊
🇨🇳 China Yuan CNY 38 38.75 📊
🇩🇰 Danish Krone DKK 42.56 43.25 📊
🇪🇺 Euro EUR 319.1 323.2 📊
🇭🇰 Hong Kong Dollar HKD 35.22 36.23 📊
🇮🇳 Indian Rupee INR 2.8 3.15 📊
🇯🇵 Japanese Yen JPY 1.71 1.81 📊
🇰🇼 Kuwaiti Dinar KWD 889.48 899.95 📊
🇲🇾 Malaysian Ringgit MYR 67.15 67.95 📊
🇳🇿 NewZealand $ NZD 159 160.75 📊
🇳🇴 Norwegians Krone NOK 27.99 28.29 📊
🇴🇲 Omani Riyal OMR 725.35 735.6 📊
🇶🇦 Qatari Riyal QAR 75.34 76.4 📊
🇸🇦 Saudi Riyal SAR 74.65 75.2 📊
🇸🇬 Singapore Dollar SGD 214.18 217.95 📊
🇸🇪 Swedish Korona SEK 28.25 28.9 📊
🇨🇭 Swiss Franc CHF 343.59 348.25 📊
🇹🇭 Thai Bhat THB 8.55 8.8 📊
🇦🇪 U.A.E Dirham AED 76.25 76.8 📊
🇬🇧 UK Pound Sterling GBP 374.63 377.15 📊
🇺🇸 US Dollar USD 279.25 279.8 📊

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