As CY23 concludes, the banking sector has wrapped up the year on a positive note, benefitting from following key factors: Firstly, the impact of asset repricing has led to improved…

The National Bank of Pakistan and the National Aerospace Science and Technology Park (NASTP) have agreed, marking a substantial and noteworthy stride in their collaborative endeavours. The event took place…

AlBaraka Forum for Islamic Economy in collaboration with the Islamic Chamber of Commerce and Development (ICCD) hosted the 2nd AlBaraka Regional Conference, in partnership with AlBaraka Bank Pakistan, to shed…

Organizations Working for People with Disabilities), Pakistan. This strategic alliance marks a significant step in Jubilee Life's ongoing commitment to diversity, equity, and inclusivity (DEI) within its workforce. As an…

EFU General Insurance Ltd. brings a mobile app to deliver a premium customer experience with enhanced accessibility for purchasing and managing motor and travel insurance policies at any hour of…

SBP's next Monetary Policy Committee (MPC) meeting will be held on Jan 29, 2024. In order to gauge the view on monetary policy outlook, Topline Research conducted a poll of…

The total liquid foreign reserves held by the country stood at US$ 13,341.4 million as of 19-Jan-2024. The break-up of the foreign reserves position is as under: Foreign reserves held…

Faysal Bank Limited, a leading Islamic financial institution known for its commitment to technological innovation with Sharia compliance, announced a strategic collaboration with OPay, a global fintech giant with a…

NayaPay, a rapidly growing financial platform, has partnered with Alipay+, a cross-border digital payments and marketing platform operated by Ant International. The collaboration between NayaPay and Alipay+ is set to make…

Mastercard and UBL have renewed its strategic business partnership focused on the issuance of debit cards in Pakistan. The multi-year collaboration will see the partners tap into opportunities to boost…

The total liquid foreign reserves held by the country stood at US$ 13,145.1 million as of 12-Jan-2024. The break-up of the foreign reserves position is as under: Foreign reserves held…

Raqami Islamic Digital Bank has entered into an exclusive agreement with Codebase Technologies to procure its DigiBanc Suite as the core technology stack of the bank. Digibanc Suite is an…

Five winners were announced for She's Next, Visa's global platform dedicated to women entrepreneurs, at an awards ceremony in Karachi Hira Javaid, CEO of Foster Learning, wins People's Favorite Award Winners…

 •        In Dec'23, the Current account demonstrated a surplus of USD 397mn, a notable shift from the USD 365mn deficit recorded in Dec'22. •        On MoM basis, overall imports experienced a 6.1%…

 Meezan Bank, Pakistan's leading Islamic bank has recently launched Meezan Justuju - a fully funded talent development program for fresh graduates in collaboration with IBA-CEIF (Institute of Business Administration –…

Jubilee Life Insurance, Pakistan's largest private sector insurance company, hosted a graduation ceremony at Beach Luxury Hotel Karachi to celebrate its first batch of 'Tech Graduates' the term specifying Tech…

Khushhali Microfinance Bank Limited (KMBL), the first-specialized microfinance bank in Pakistan, commemorated its achievement for the fiscal year 2023 (FY 2023). The newly established recovery unit of the microfinance bank…

Bank Alfalah, a leading commercial Bank in Pakistan, reported the highlights of 2023 during Phase 2 of its comprehensive rehabilitation and rebuilding initiative, which started with immediate rescue and relief in Phase 1 in…

Standard Chartered Pakistan and Haier Pakistan have recently signed a strategic agreement to digitise Haier Pakistan's value-chain and optimise their cashflows. Standard Chartered will transform Haier Pakistan's paper-based payments to…

T- Bill Auction: Yields decrease by 44-59bps In yesterday's Market Treasury Bills (T-Bill) Auction, the cut-off yields of 3M, 6M, and 12M tenors came down by 45bps, 44bps, and 59bps, respectively.…

The National Bank of Pakistan (NBP) has embarked on a new initiative with the NBP Digital App to streamline and improve the digital customer experience for account holders, including both…

Workers' remittances recorded an inflow of US$2.4 billion in Dec 23. In terms of growth, on Dec 23, remittances increased by 5.4 per cent on m/m and 13.4 per cent…

The MPC is scheduled to convene its upcoming session in Jan'24, marking the first meeting of CY24. It is anticipated that the SBP will maintain the policy rate at 22%…

The total liquid foreign reserves held by the country stood at US$ 13,220.6 million as of 29-Dec-2023. The break-up of the foreign reserves position is as under: Foreign reserves held…

Mobilink Bank, Pakistan's leading digital microfinance institution, partnered with the National Institute of Banking & Finance (NIBAF) to share its vision and practices with the entire banking industry as a…