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Local mobile wallets bring real-time stock trading | The Express Tribune
JazzCash, KTrade collaboration to let 15 million users trade directly on PSX through app expanding financial inclusion
KARACHI:
JazzCash has entered a strategic partnership with KTrade Securities to offer millions of Pakistanis access to stock trading directly through the JazzCash app, marking a major step toward expanding retail participation in the country’s capital markets.
Currently, only 0.15% of Pakistan’s 240 million population invests in equities. The JazzCash-KTrade partnership aims to bridge this gap by enabling unbanked and first-time investors to access the Pakistan Stock Exchange (PSX) through their mobile wallets, a move seen as critical for financial inclusion and capital market deepening.
“Most Pakistanis stay away from PSX due to limited financial literacy, cumbersome account-opening processes, and mistrust/unaware using local systems,” Ali Najib Deputy Head of Trading at Arif Habib Ltd. “In contrast, platforms like Binance attract them through user-friendly interfaces, global exposure, and social media influence, offering perceived simplicity and higher return potential.”
Several mobile platforms such as AHL NxG Tick, KTrade, AKD Trade, JS Global Online, and MRA Securities already allow retail investors to trade on the PSX.
However, the JazzCash-KTrade integration is the first major collaboration between a fintech wallet and a brokerage, significantly expanding accessibility.
With this collaboration, over 15 million monthly active JazzCash users, up from 13 million in March 2025, can now open a Sahulat brokerage account, deposit funds, and trade stocks listed on PSX without leaving the JazzCash platform. In an announcement on social media, Jazz said the partnership with one of Pakistan’s leading brokerage houses would “enable real-time stock trading through the JazzCash app,” making investing “simpler, seamless, and more accessible.”
The partnership was formalised at the Mobile World Congress (MWC), where Murtaza Ali, President of JazzCash, and Ali Farid Khwaja, Chairman of KTrade, signed the agreement in the presence of Aamir Ibrahim, CEO of Jazz and Chairman of Mobilink Microfinance Bank.
Through this integration, KTrade will operate as a mini app within JazzCash, allowing users to trade with funding of up to Rs1 million, as permitted by PSX regulations. Users will gain access to real-time market data, portfolio management tools, and the ability to invest in fractional shares, enabling smaller investors to buy into high-value stocks.
The platform will also include educational resources, such as tutorials, research reports, and podcasts, to promote investment literacy. Security measures include multi-factor authentication and mapping of all transactions to verified bank accounts, with oversight by the Securities and Exchange Commission of Pakistan, PSX, and National Clearing Company of Pakistan Limited.
Murtaza Ali said the collaboration was a major milestone in expanding stock trading opportunities for millions of Pakistanis, adding that it would “broaden financial literacy and foster a more inclusive investment ecosystem.”
KTrade’s chairman Ali Farid Khwaja called the integration “a game-changer,” saying it would make stock market participation “as simple as sending a mobile payment.”
Two ads promoting British beef and milk have been banned after television presenter and environmental campaigner Chris Packham complained that they misled consumers about the products’ carbon footprints.
Both ads for the Agriculture and Horticulture Development Board’s (AHDB) Let’s Eat Balanced campaign used the carbon footprint of British beef and milk to promote the products, firstly stating: “British beef not only tastes great, but has a carbon footprint that’s half the global average*.”
The asterisk linked to text that stated: “Full lifecycle emissions of CO2 eq (carbon dioxide equivalent) per kg of beef.”
The ad for milk stated: “British milk not only tastes good, but is also produced to world-class standards, and has a carbon footprint a third lower than the global average.”
Packham complained to the Advertising Standards Authority (ASA) that the ads, and specifically the carbon footprint claims, were misleading as they did not reflect the full environmental impact of British meat and dairy.
The AHDB said the ads’ mention of carbon emissions would be understood in relation to the environmental impact of beef and milk that occurred between the “cradle-to-retail” stages.
But the ASA said the average consumer “being reasonably well-informed, observant and circumspect” would understand the claims to apply beyond the retail stage and include actions such as cooking and wastage.
The ASA said: “While we acknowledged the potential difficulties in producing post-retail emissions data, the claims in the ads suggested those emissions were included and we therefore expected the evidence provided to also include them.
“We therefore concluded that the evidence presented was insufficient to support the full life-cycle claims in the ads, which was how the average consumer was likely to interpret them.
“We reminded AHDB that environmental claims should be based on the full life cycle unless the ad stated otherwise.”
AHDB’s director of communications and market development, Will Jackson, said: “Let’s Eat Balanced is doing what it was designed to do, providing clear, factual, evidence-led information about British food, nutrition and farming standards.
“Since the investigation began, we have conducted independent consumer research which found that the majority of respondents interpreted these adverts as relating to the production phase only, from farm to retail.
“This research provides important insight into consumer understanding and supports our belief that consumers were not misled by the information we shared in these two specific adverts.”
BENGALURU: India’s Gen Z workforce is embracing what experts describe as “portfolio careers” – balancing multiple professional identities and income streams simultaneously. New research from LinkedIn shows that 75% of Gen Z entrepreneurs in India now manage multiple income streams, significantly higher than the 62% among Gen X entrepreneurs. The findings point to a growing preference among younger professionals for flexibility, autonomy and diversified sources of income. “We’re also seeing the rise of the ‘portfolio era’, with more professionals creating multiple income streams and redefining what a career can look like. This shift is making entrepreneurship more accessible than ever before,” said LinkedIn India country manager Kumaresh Pattabiraman.Rather than depending on a single full-time role, many professionals are simultaneously building businesses, freelancing, consulting, creating online content and monetising specialised skills through digital platforms. The trend comes amid a broader rise in entrepreneurial activity in India. LinkedIn recorded a 104% year-on-year increase in members adding “Founder” to their profiles – the highest growth among all global markets.AI is also emerging as a major enabler of this shift. The report found that 85% of Gen Z entrepreneurs consider AI and digital tools important to their business operations.
Sam Altman said Elon Musk tried many times for total control of OpenAI, which he’s now suing.
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