UAE’s LuLuFin partners with Pakistani-origin ABHI-Middle East for financial inclusion, remittances

UAE’s LuLuFin partners with Pakistani-origin ABHI-Middle East for financial inclusion, remittances
The photo shows representatives from Pakistani fintech ABHI, with leading global financial services conglomerate, LuLu Financial Holdings in UAE on May 15, 2025. (Photo courtesy: ABHI)
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Updated 18 May 2025
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UAE’s LuLuFin partners with Pakistani-origin ABHI-Middle East for financial inclusion, remittances

UAE’s LuLuFin partners with Pakistani-origin ABHI-Middle East for financial inclusion, remittances
  • Last year, ABHI secured $15 million in debt financing to expand UAE operations
  • In 2023, it was selected as one of the Future 100 companies of the UAE

KARACHI: Pakistani-origin ABHI-Middle East, which expanded its operations to the UAE and Saudi Arabia last year, has partnered with leading global financial services conglomerate, LuLu Financial Holdings, to enhance financial inclusion and remittance solutions, Abhi-Middle East said in a statement on Thursday. 

Founded in 2021, ABHI-Middle East raised $17 million in a Series A funding round led by Speedinvest. Last year, it secured a whopping $15 million in debt financing through a credit facility by Shorooq partners and Amplify Growth Partnership companies to expand its operations in the United Arab Emirates. It also operates in Saudi Arabia and Bangladesh.

The fintech company provides employees an opportunity to withdraw their earned salary any day through its Earned Wage Access facility and other products. In 2023, it was selected as one of the Future 100 companies of the UAE.

“As part of the partnership, workers in the UAE will be able to access their earned wages instantly and remit funds to their families back home through LuLu Exchange — without having to wait for payday,” the ABHI-Middle East statement said on the partnership with LuLuFin.

“Through the initiative, workers in the UAE will benefit from Earned Wage Access and Send Now, Pay Later services, giving them greater financial flexibility and control over their income.”

By offering instant access to earned wages and enabling timely remittances, the partnership addresses a key financial need among expatriate workers, empowering them to support their families with greater ease and security, ABHI said. 

The fintech firm will provide the operational framework for LuLuFin, enabling customers to access their earned wages before their scheduled payday and allowing employees to send money internationally instantly with the flexibility to defer payment. 

The service will be rolled out across all major corridors, with the launch for Pakistani customers scheduled for May.

“This partnership with ABHI represents a bold step toward redefining financial connectivity for global diasporas. By leveraging cutting-edge technology, we aim to create a seamless bridge for expatriates to support their families, setting the stage for a future where financial inclusivity knows no borders,” Thampi Sudarsanan, Chief Executive Officer, LuLu Exchange UAE, said.

Omair Ansari, the Co-Founder & CEO of ABHI-Middle East, said the partnership with LuLu Financial Holdings marked a “significant step in enabling expatriates to access their hard-earned wages seamlessly and support their families back home without financial strain.”

“By integrating ABHI’s technology with Lulu’s extensive market expertise, we are dedicated to promoting financial inclusion and providing underserved communities with greater flexibility and convenience in managing their finances,” Ansari added. 

In January, Abhi-Middle East announced it had acquired FINCA microfinance bank to improve financial inclusion for millions of Pakistanis across the country.

FINCA Pakistan, part of a global FINCA network, operates in 108 cities across Pakistan, providing state-of-the-art deposit and payment solutions, including micro-credit facilities aimed at improving livelihoods.

In February, ABHI-Middle East launched the ABHI Microfinance Bank in collaboration with TPL Corp.


Bilal bin Saqib to lead Pakistan’s blockchain, cryptocurrency transformation as PM’s aide

Bilal bin Saqib to lead Pakistan’s blockchain, cryptocurrency transformation as PM’s aide
Updated 23 sec ago
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Bilal bin Saqib to lead Pakistan’s blockchain, cryptocurrency transformation as PM’s aide

Bilal bin Saqib to lead Pakistan’s blockchain, cryptocurrency transformation as PM’s aide
  • The move positions Pakistan among a handful of nations with a dedicated blockchain and cryptocurrency leadership
  • It comes a day after Pakistan said it was allocating 2,000MWs to bitcoin mining and Artificial Intelligence data centers

ISLAMABAD: Prime Minister Shehbaz Sharif has appointed Bilal Bin Saqib as his special assistant on blockchain and cryptocurrency, Sharif’s office announced on Monday, as Islamabad eyes a shift to digital economy.

The move positions Pakistan among a handful of nations, including the United States, the United Arab Emirates and El Salvador, which have dedicated blockchain and cryptocurrency leadership.

It signals Islamabad’s intent to transform the country into a global leader in digital innovation through encouragement of crypto mining and other similar measures.

“The prime minister... has been pleased to appoint Mr. Bilal bin Saquib as Special Assistant to the Prime Minister on Blockchain and Crypto with the status of Minister of State, with immediate effect,” Sharif office said in a notification on Monday.

The appointment of Saquib, who also serves as the chief executive officer of the Pakistan Crypto Council (PCC) and chief adviser to Finance Minister Muhammad Aurangzeb, comes a day after Pakistan allocated 2,000 megawatts (MW) of electricity to power bitcoin mining and Artificial Intelligence (AI) data centers in the first phase of a national initiative.

The initiative is spearheaded by the PCC as part of a broader strategy to monetize surplus electricity, create high-tech jobs, attract billions of dollars in foreign direct investment.

Pakistan’s combination of surplus power, geographic advantage, advanced subsea cable connectivity, renewable energy potential, and a large, digitally engaged population creates a compelling case for becoming a regional epicenter of Web3, AI, and digital innovation.

“This strategic allocation marks a pivotal moment in Pakistan’s digital transformation journey, unlocking economic potential by turning excess energy into innovation, investment, and international revenue,” Finance Minister Muhammad Aurangzeb said on Sunday.

Saquib emphasized the transformative nature of the initiative and said Pakistan could become a global crypto and AI powerhouse with proper regulation, transparency, and international collaboration.

“This energy-backed digital transformation not only unlocks high-value investment but enables the government to generate foreign exchange in USD through bitcoin mining,” he said on Sunday.

Pakistan introduced in April its first-ever policy framework to regulate virtual assets and service providers, aligning with compliance and financial integrity guidelines of the global Financial Action Task Force (FATF). The move followed the establishment of the PCC in March to create a legal framework for cryptocurrency trading in a bid to lure international investment.

Establishing local AI data centers will not only address growing concerns around data sovereignty but will also enhance cybersecurity, improve digital service delivery, and empower national capabilities in AI and cloud infrastructure. These centers are expected to create thousands of direct and indirect jobs, catalyzing the development of a skilled workforce in engineering, IT, and data sciences.


Death toll from school bus bombing in Pakistan’s Balochistan rises to 10

Death toll from school bus bombing in Pakistan’s Balochistan rises to 10
Updated 35 min 47 sec ago
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Death toll from school bus bombing in Pakistan’s Balochistan rises to 10

Death toll from school bus bombing in Pakistan’s Balochistan rises to 10
  • Balochistan has been the site of a decades-long insurgency, though it has intensified more recently
  • Islamabad blamed the May 21 bombing on Indian ‘terror proxies,’ an allegation denied by New Delhi

ISLAMABAD: The death toll from last week’s bomb attack on a school bus in Pakistan’s Balochistan province has risen to 10 as two more schoolchildren have died during treatment, Pakistani state media reported on Monday.

Balochistan has been the site of an insurgency for decades, though it has intensified more recently, with groups like the Baloch Liberation Army (BLA) carrying out high-profile attacks on civilians and security forces.

Wednesday’s bombing killed five Pakistanis, including three school-goers, when their bus was en route to an army-run school in Balochistan’s Khuzdar district. Three more students died later during treatment.

“Two more students, Sheema Ibrahim and Muskan, have also succumbed to their injuries taking the [children’s] toll to eight,” the Radio Pakistan broadcaster reported on Monday.

Pakistani civilian and military officials have blamed the May 21 bombing on India. On Friday, Pakistan’s Interior Secretary Khurram Muhammad Agha described the Khuzdar bombing as an attack on “our values, our education and on the very fabric of our society.”

“Initial findings confirm that this attack is in continuity of a broader pattern of violence sponsored by India through Fitna Al-Hindustan (FAH) operating under the tutelage and the patronage of the Indian intelligence agency R&AW,” he said, without offering any proof to link India to the attack.

New Delhi has distanced itself from the bombing, attributing such acts of violence to Pakistan’s “internal failures.”

The FAH comprises several separatist groups and independently operating cells in the insurgency-hit southwestern Pakistani province, according to Pakistani officials. These cells, after having suffered immense casualties in past few years, have now resorted to hitting “soft targets.”

The rise in deaths from Khuzdar bomb attack comes a day after Pakistan’s army said it had killed nine “Indian-sponsored” militants in three separate operations in the northwestern Khyber Pakhtunkhwa province.

Relations between Pakistan and India touched a new low last month, when gunmen killed 26 people in Indian-administered Kashmir in an attack India blamed on Pakistan. Islamabad has denied complicity and called for a credible, international investigation into it.

Pakistan and India have a bitter history and have fought three wars, two of them over Kashmir.

The nuclear-armed archfoes traded missile and drones strikes as heightened tensions spiraled into a military four-day conflict this month that ended with a United States-brokered truce on May 10.

Pakistan has mostly blamed India for supporting a separatist insurgency in Balochistan, a southwestern province that borders Iran and Afghanistan. It also accuses it of backing the Pakistani Taliban who regularly carry out attacks in the country’s northwestern and other regions. New Delhi denies the allegations.


Pakistan kicks off nationwide polio drive, aims to vaccinate 45 million children

Pakistan kicks off nationwide polio drive, aims to vaccinate 45 million children
Updated 26 May 2025
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Pakistan kicks off nationwide polio drive, aims to vaccinate 45 million children

Pakistan kicks off nationwide polio drive, aims to vaccinate 45 million children
  • Minister says community engagement essential to eliminate the polio virus from the country
  • Pakistan and Afghanistan are the only two countries in the world where polio remains endemic

ISLAMABAD: Pakistan on Monday kicked off a third nationwide anti-polio vaccination campaign of this year that aims to inoculate more than 45 million children under the age of five.

Polio is a paralyzing disease with no cure. Multiple doses of the oral polio vaccine, along with the completion of the routine immunization schedule for all children are essential to ensure strong immunity against the disease.

Pakistan has confirmed 10 cases so far this year, according to the polio program. Environmental surveillance has detected the virus in 272 sewage samples from 127 testing sites, across 68 districts, signaling continued circulation.

Inaugurating the campaign at the National Emergency Operations Center (NEOC) in Islamabad, Health Minister Mustafa Kamal said community engagement was inevitable in eliminating the virus from Pakistan, urging parents to immunize all children under the age of five years.

“Protect your children from permanent disability by vaccinating them,” Kamal said, describing frontline anti-polio workers as the “real heroes.”

“Full-fledged community engagement is essential for the eradication of polio.”

Pakistan and Afghanistan are the only two countries in the world where polio remains endemic.

Pakistan’s polio program on Sunday described the weeklong campaign as a critical intervention in the country’s “final push” to interrupt poliovirus transmission and achieve eradication by end of 2025.

Around 400,000 frontline workers, including 225,000 women vaccinators, are taking part in the current campaign and will go door-to-door to inoculate children.

Pakistan’s polio program began in 1994, but efforts to eradicate the virus have been repeatedly undermined by vaccine misinformation and resistance from some religious hard-liners who claim that immunization is a foreign plot to sterilize Muslim children or a cover for Western espionage.

Militant groups have also frequently targeted polio vaccination teams and the security personnel assigned to protect them, often resulting in deadly attacks.


PM Sharif praises PSL teams for ‘excellent sportsmanship’ as Lahore lift title trophy

PM Sharif praises PSL teams for ‘excellent sportsmanship’ as Lahore lift title trophy
Updated 26 May 2025
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PM Sharif praises PSL teams for ‘excellent sportsmanship’ as Lahore lift title trophy

PM Sharif praises PSL teams for ‘excellent sportsmanship’ as Lahore lift title trophy
  • Lahore registered a six-wicket win over Quetta, with Sikandar Raza hitting the winning runs
  • Needing 13 in the last over, Raza completed the task with two sixes and as many boundaries

ISLAMABAD: Prime Minister Shehbaz Sharif on Monday praised all Pakistan Super League (PSL) teams for demonstrating “excellent sportsmanship” in the tournament after Lahore Qalandars lifted the trophy for a third time.

Lahore Qalandars registered a six-wicket win over Quetta Gladiators on Sunday, with Sikandar Raza, who landed in Lahore just ten minutes before the toss, hitting the winning runs.

Needing 13 in the last over to complete a 202-run chase set by Quetta, the 39-year old Zimbabwean completed the task during his seven-ball 22 not out with two sixes and as many boundaries.

In a statement issued from his office, Sharif praised Quetta Gladiators and Lahore Qalandars for their excellent performance in the final match of the tenth edition of PSL.

“Lahore Qalandars successfully achieved the target after a thrilling match,” he was quoted as saying. “All the teams involved in PSL 10 showed excellent sportsmanship.”

Lahore Qalandars won their previous titles in 2022 and 2023.

The prime minister congratulated Pakistan Cricket Board Chairman Mohsin Naqvi and the PCB administration on the successful conduct of the Twnety20 tournament.

“The prime minister paid tribute to all the players, especially the foreign players, whose participation made this successful event possible,” Sharif’s office said.

The tournament was put into jeopardy following a cross-border conflict between Pakistan and India this month. Both neighbors clashed for four days before agreeing to a United States-brokered ceasefire agreement on May 10.

Pakistan rescheduled PSL after a ten-day break, while the Indian Premier League — the world’s richest cricket tournament — was also interrupted.


Pakistan’s ‘Loss and Found Cell’ resolves over 2,500 missing item complaints by Hajj pilgrims — official

Pakistan’s ‘Loss and Found Cell’ resolves over 2,500 missing item complaints by Hajj pilgrims — official
Updated 26 May 2025
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Pakistan’s ‘Loss and Found Cell’ resolves over 2,500 missing item complaints by Hajj pilgrims — official

Pakistan’s ‘Loss and Found Cell’ resolves over 2,500 missing item complaints by Hajj pilgrims — official
  • Pakistani pilgrims have been urged to take precautionary measures such as writing their passport numbers, names on belongings
  • This year’s Hajj is expected to take place between June 4 and June 9, with nearly 112,620 Pakistanis set to perform the pilgrimage

ISLAMABAD: A ‘Lost and Found Cell,’ established by the Pakistani Hajj mission, has resolved more than 2,500 missing item complaints lodged by Pakistani pilgrims this year, Pakistani state media reported, citing an official in Makkah.

This year’s Hajj is expected to take place between June 4 and June 9, with nearly 112,620 Pakistanis set to perform the annual pilgrimage. Of these, approximately 89,000 Pakistanis are traveling under the government scheme and 23,620 through private tour operators.

The South Asian country has set up a Medical Mission and a Lost and Found Cell to facilitate Pakistani pilgrims in case of health or any other emergencies during their stay in the Kingdom, the Radio Pakistan broadcaster reported.

Adnan Wazir, the Lost and Found Cell in-charge, told the state broadcaster that his team has been working round the clock, in two shifts to leave no stone unturned in facilitating the ‘guests of Almighty Allah.’

“The Lost and Found Cell in Makkah has successfully resolved 2,539 complaints out of 2,611 regarding missing items belonging to intending pilgrims,” he was quoted as saying.

“All-out efforts are underway to address 72 remaining complaints so that the valuable belongings can be returned to their rightful owners at the earliest.”

Wazir said they have a robust mechanism in place to trace and recover lost items, urging the pilgrims to lodge complaints about missing belongings to officials on duty or directly at the phone number: 00966-125505326.

He strongly advised Pakistani devotees to take precautionary measures such as clearly writing their passport numbers and names on their belongings.

The official said a Wheelchair Desk is also functional at the cell to assist deserving pilgrims upon a refundable security deposit of 200 Saudi Riyals.

Pakistan launched its Hajj flight operation on Apr. 29 which will continue till May 31. The annual pilgrimage is followed by Eid Al-Adha, one of the two major Islamic festivals that involves the traditional animal sacrifice.