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…

Bank Alfalah Limited, one of the leading commercial banks in Pakistan, achieved two significant milestones with the launch of its 1000th branch and the surpassing PKR 2 trillion deposits, reflecting its enduring commitment…

Mobilink Bank stood out for its commitment to empowering Micro, Small, and Medium Enterprises (MSMEs), constituting a significant 36% of its total loan portfolio and a noteworthy MSME Growth (YoY)…

The quarterly Payment Systems Report for the quarter Q1 of FY2023-24 is released by the State Bank of Pakistan (SBP), highlighting key advancements within the country's payment ecosystem and providing…

JazzCash, a pioneering force in the fintech sector, is proud to announce its strategic collaboration with Mastercard, positioning itself as the first mobile wallet in Pakistan to bring tap-and-pay functionality…

Meezan Bank, Pakistan's leading Islamic bank, has recently signed a Memorandum of Understanding (MoU) with Pakistan Freelancers Association (PAFLA) to extend specialized banking services to the freelance community. The MoU…

SI Global Solutions, a preeminent system integration and IT powerhouse in Pakistan, garnered distinguished recognition at the recent Lenovo UK Summit held in London. Standing out amidst a multitude of…

JS Investments Limited, Pakistan's first private sector asset management company, announces the launch of its latest offering – the JS Fixed Term Munafa Fund. Designed to meet the diverse needs…

The total liquid foreign reserves held by the country stood at US$ 12,068.4 million as of 15-Dec-2023. The break-up of the foreign reserves position is as under: Foreign reserves held…

MCB held its conference call on December 20, 2023 whereby they discussed the banks' financials and its future outlook. The call was led by the CFO, Mr. Hammad Khalid. Brief…

Bank Alfalah, one of the leading commercial and digital banks, inaugurated Pakistan's first Digital Payments Sales and Service Centers- digital payments hubs strategically positioned in the vibrant and bustling Badar…

In a ground-breaking move, Daraz, Pakistan's leading e-commerce platform, has partnered with global payments technology company Visa to introduce co-branded cards for e-commerce usage. This strategic alliance is set to…

The 63rd meeting of Meezan Bank's Shariah Board held at Darul Uloom, Karachi under the Chairmanship of Justice (Retd.) Muhammad Taqi Usmani, along with other members of the Shariah Board,…

Visa Inc., a world leader in digital payments and TECH5, an innovator in biometrics and digital identity management, have signed a strategic collaboration agreement focusing on developing and enhancing digital…

U Microfinance Bank (U Bank), one of the largest microfinance banks in Pakistan, has forged a strategic partnership with Bank Alfalah Limited, one of the country's largest commercial banks, to…

After four consecutive months of Current Account Deficit (CAD), Pakistan recorded a Current Account Surplus (CAS) of US$9mn in Nov 2023. Tighter monetary and fiscal policy along with administrative steps…

Bank Alfalah, a leading commercial bank in Pakistan and the International Finance Corporation (IFC) formalised a Green Banking Advisory Agreement. This agreement underscores Bank Alfalah's dedication to fostering sustainable and…

Mr Farhan Faridi, Group Head, Retail Operations, Marketing and Administration at Jubilee Life Insurance, receives the Top 25 Companies Award by Pakistan Stock Exchange from Honorable Prime Minister of Pakistan…

The total liquid foreign reserves held by the country stood at US$ 12,206.4 million as of 08-Dec-2023. The break-up of the foreign reserves position is as under: Foreign reserves held…

Pak-Qatar Family Takaful and Instaful Solutions have entered into a strategic partnership to introduce Inclusive BancaTakaful, a first-of-its-kind initiative in the country. BancaTakaful, an innovative distribution model, involves offering Takaful…

Faraz-ur-Rehman, President of the Korangi Association of Trade and Industry (KATI), voiced disappointment over the State Bank's decision to maintain the interest rate at 22%. Despite expectations of a reduction…

Meezan Bank, a pioneer in Islamic banking, acted as lead Joint Financial Advisor in the groundbreaking listed Ijarah Sukuk Issuance for the Government of Pakistan (GoP). This is the first…

Pakistan's leading digital microfinance bank, Mobilink Bank, has joined forces with a prominent fintech player, Unikrew Solutions, to drive women's financial inclusion in the country through a project funded by…