Easypaisa brings the most affordable and accessible Car Insurance policy in Pakistan

Consistently bringing innovation in Pakistan’s financial services framework, Easypaisa, in collaboration with United Insurance Company, is proud to introduce the industry’s first ‘Easypaisa Car Insurance’, offering the most affordable and accessible set of auto coverage in Pakistan.

Easypaisa Car insurance can be availed by paying a premium price of 2.5% of the car’s market value annually, whereas competitive plans typically cost more.Read the rest

Easypaisa School Fee Payment Solution

Pakistan’s first and largest mobile financial service, Easypaisa, has successfully launched the Easypay school fee payment solution to benefit educational institutes, students and parents through digitizing payments. With Easypay, Easypaisa enables parents and students to pay online with the convenience of choosing the payment option that best suits their need.… Read the rest

NIT launches NIT-Islamic Income Fund

NIT has launched NIT-Islamic Income Fund (NIT-IIF) w.e.f 04thJuly, 2016 during the holy month of Ramadan. The Fund has been introduced to meet the growing demand for Shariah Compliant Investment products. This is the Third Shariah Compliant Fund which has been added to the family of funds offered by the company.… Read the rest

Mr. Altaf Qamruddin Gokal CFO EFU General Insurance Limited received Best Corporate and Sustainability award

Mr. Altaf Qamruddin Gokal CFO EFU General Insurance Limited received Best Corporate and Sustainability award from the past president of ICMAPat a function held recently. Picture shows Altaf Qamruddin Gokal, Jaffer Dossa, Quaid Johar, Moiz Hussain, Saima Morkas Motiwala, Munawar Salemwala, Atif Anwar, Aslam Ghole, Arshad Ali Khan, and Muhammad Waqas Bandukdaon the occasion.

Mr. Altaf Qamruddin Gokal CFO EFU General Insurance Limited received Best Corporate and Sustainability award from the past president of ICMAPat a function held recently. Picture shows Altaf Qamruddin Gokal, Jaffer Dossa, Quaid Johar, Moiz Hussain, Saima Morkas Motiwala, Munawar Salemwala, Atif Anwar, Aslam Ghole, Arshad Ali Khan, and Muhammad Waqas Bandukdaon the occasion.

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Standard Chartered Bank (Pakistan) Limited reports impressive growth in first half 2015 profits

Highlights:

  • H1 2015 profit (before tax) has grown from PKR 7.2 billion to PKR 8.5 billion
  • Revenue has enhanced by 11per cent in comparison with first half of 2014
  • The deposit momentum continued with a growth of above 9per cent

 

The half yearly profit of the bank (before tax) is PKR 8.5 billion in the first half of 2015 compared to PKR 7.2 billion in the first half last year.… Read the rest

Signing ceremonies of MOUs

Memorandum of Understanding (MOU) signing ceremonies between National Bank of Pakistan and two major national institutions of KPK province i.e. Frontier Corps and Frontier Constabulary were held in Peshawar on August 5, 2015. 

Under these arrangements, NBP joined hands with these institutions to provide comprehensive banking facilities to them.… Read the rest

UBL Launches NRP Banking for Overseas Pakistanis

Mr. Wajahat Husain, President & CEO, United Bank Ltd along with

Mr. Abrar Mir, Group Executive, Banking Products, UBL, Mr. Aameer Karachiwalla, COO-UBL and Ms. Maliha Anwer Khan, Head Wealth Management & NRP, UBL have launched bank’s new

UBL recently launched its NRP Banking offering at the Pearl Continental Hotel, Karachi. Mr. Wajahat Husain, President & CEO, UBL (second from right) attended the event. Also seen in picture are Ms. Maliha Anwer Khan, Head Wealth Management & NRP, UBL (first left) Mr, Abrar Mir, Group Executive, Banking Products, UBL (second left) and Mr. Aameer Karachiwalla, COO-UBL (first right).

UBL recently launched its NRP Banking offering at the Pearl Continental Hotel, Karachi.

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West Africa an Emerging Market of Islamic Finance: Zubair Mughal

Zubair Mughal, Chief Executive Officer, AlHuda CIBE along with participant of Specialized Workshop on “Takaful for West African Countries” at Dakar – Senegal, organized by AlHuda CIBE & AAMAS Afrique “.

 

There is an ample scope of Islamic banking and finance in western African region and Senegal can play a vital role in elevating it through the countries.… Read the rest

SBP Issues Monetary Policy Decision for Next Two Months

Macroeconomic conditions towards the end of FY15 have further improved compared to the beginning of the fiscal year. Current account deficit has narrowed down; average annual inflation is significantly below the target; there is a marginal uptick in real GDP growth; and foreign exchange reserve buildup continues.… Read the rest