Islamabad, Dec 12: Relational, a leading European business software provider, is set to expand its operations into Pakistan. The company has formed a partnership with Dellsons Associates to introduce its innovative business software solutions to Pakistan’s financial sector. Through this collaboration, Dellsons Associates will use its extensive market knowledge and network to bring Relational’s advanced fintech products and services to commercial banks and the broader financial sector in Pakistan.
John Papaevgeniou, President and CEO of Relational, expressed his enthusiasm, saying, “Pakistan is an emerging economy with a growing financial sector. Dellsons’ in-depth understanding of the Pakistani market and their commitment to innovation align perfectly with our mission to deliver cutting-edge business software solutions globally. Together, we aim to empower businesses in Pakistan with the advanced technology they need to thrive.”
The State Bank of Pakistan (SBP) reported a modest growth in foreign direct investment, with $17 million received between July and October of the current financial year, compared to $14 million in the same period last year.
Ibrahim Amin, Chairman of Dellsons Group, highlighted the importance of this partnership, stating, “This collaboration allows us to bring world-class fintech solutions to Pakistan, supporting our goal of driving the local economy with technology-driven solutions. We are excited to work with Relational to reach new milestones and achieve mutual success.”
Pakistan’s financial sector is rapidly growing, with 33 commercial banks, 12 microfinance banks, and over 40 fintech operators.
