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 unbanked.”

Since 2012, 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.

ISLAMABAD: Pakistan was appointed vice chair of the United Nations Security Council’s Counter-Terrorism Committee on Wednesday, a move its officials described as international recognition of the country’s efforts to combat militancy and engage constructively within the UN system.

The committee, established in the aftermath of the September 11 attacks through Resolution 1373, monitors how UN member states implement counterterrorism measures.

Pakistan was also named chair of the Security Council committee overseeing sanctions against the Taliban, and co-chair of two informal working groups, one on improving the Council’s transparency and procedures and another on sanctions-related issues.

“These appointments represent an acknowledgment of Pakistan’s active engagement with the United Nations system, including its constructive role as an elected member of the Security Council,” the mission said in a statement. “They are also an international recognition of Pakistan’s counterterrorism efforts.”

These developments come nearly a month after New Delhi targeted Pakistani cities following a militant attack in Indian-administered Kashmir that killed 26 tourists. Indian officials blamed Pakistan for the assault, though the administration in Islamabad denied involvement and called for an “impartial” international probe.

The situation, however, escalated into a four-day military conflict before a US-brokered ceasefire was announced on May 10 by President Donald Trump.

Pakistan has also said in the past it has been targeted by armed militant factions operating from neighboring Afghanistan and “sponsored by India.” Both Kabul and New Delhi deny the charge, though Pakistan’s presence on the Taliban sanctions committee could carry significance in this context.

The Pakistani mission at the UN said it would work with other member states to help strengthen multilateral efforts against militant violence.

Pakistan, which began its two-year term as an elected member of the Security Council in January, has advocated for greater inclusivity and equity in global governance institutions, including reform of the UN’s working methods.