ISLAMABAD — Fasset, an American-founded digital banking and investment platform, has announced plans to enter the Pakistani market through a strategic partnership with Habib Rafiq Limited (HRL), aiming to expand digital investment opportunities and financial inclusion in the country.
The collaboration was unveiled at an event in Islamabad attended by senior government officials, business leaders and representatives from the digital economy. Federal Minister for IT and Telecommunication Shaza Fatima Khawaja attended as chief guest, alongside HRL Group Vice Chairman Jahanzaib Zahid and Fasset Chief Executive Officer and Co-Founder Mohammad Raafi Hossain.
According to the companies, the partnership seeks to create structured pathways for global investors to access Pakistani assets while providing digital financial services to local users.
Focus on asset tokenisation and digital payments
Officials said the initiative will explore asset tokenisation to enable digital investment in Pakistan’s real estate and domestic asset market. The platform also plans to offer payment solutions for freelancers and gig workers, supporting Pakistan’s large freelance workforce.
The companies said blockchain-enabled systems would be used to improve transparency and facilitate foreign direct investment into local projects.
Speaking at the event, Minister Shaza Fatima Khawaja highlighted the importance of strengthening digital financial infrastructure to support Pakistan’s growing technology sector and freelance economy.
Fasset CEO Mohammad Raafi Hossain said Pakistan represents a high-potential market and that the partnership aims to connect global capital with local investment opportunities.
Jahanzaib Zahid of HRL said combining HRL’s infrastructure expertise with Fasset’s digital capabilities could help broaden access to investment for overseas Pakistanis and international investors.
About the companies
Fasset, founded by Mohammad Raafi Hossain and Daniel Ahmed, operates as a digital banking and investment platform in several markets and has raised funding to expand its services in emerging economies.
Habib Rafiq Limited, established in 1962, is a Pakistan-based engineering and infrastructure development company involved in large-scale public and private sector projects. The company has also participated in major real estate developments across the country.
The partnership reflects growing interest in integrating digital finance solutions with traditional infrastructure sectors to expand investment access and financial inclusion in Pakistan.
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