Pakistan’s Bank Alfalah is acquiring a 7.2% equity stake in QistBazaar and will also be an embedded lending partner for the e-commerce platform, with a total investment of PKR500 million (US$1.76 million), a Facebook post read.
Additionally, the two entities signed a Shariah compliant embedded financing agreement worth up to PKR350 million (US$1.23 million), Business Recorder reported.