The total liquid foreign reserves held by the country stood at US$ 12,107.1 million as of 01-Dec-2023. The break-up of the foreign reserves position is as under: Foreign reserves held…

JS Bank, one of the fastest-growing banks in Pakistan, has signed a memorandum of understanding (MOU) with the Security Organizing System (SOS) Pakistan. JS Bank will leverage its financial expertise…

Mobilink Bank has reaffirmed its commitment to fostering gender-responsive climate finance at the Conference of the Parties (COP28) held in UAE. Representing the bank, Chief Operating Officer Haaris Mahmood Chaudhary addressed…

State Bank of Pakistan has instructed its Regulated Entities (REs) to enable RAAST Person-to-Merchant (P2M) payment service for their customers. The Raast P2M system will enable merchants to accept payments…

Former President of the Islamabad Chamber of Commerce and Industry (ICCI), Dr Shahid Rasheed Butt, on Tuesday, said banks are making profits indiscriminately but have become indifferent to the protection…

JS Bank, one of the fastest-growing banks in Pakistan, announced the opening of its new branch in Hala, Matiari, Sindh. This strategic expansion is a significant step towards the Bank's…

Neem, a leading embedded finance platform in Pakistan, has entered a multifaceted partnership with Mastercard, a global technology company in the payments industry. The strategic multi-year collaboration will enable financial…

SBP's next Monetary Policy Committee (MPC) meeting will be held on Dec 12, 2023. In order to gauge the view on monetary policy outlook, Topline Research polled key market participants…

The Deposit Protection Corporation (DPC), a subsidiary of the State Bank of Pakistan, has released its third Annual Report for the year 2022-23 with objective to enhance awareness among bank…

The total liquid foreign reserves held by the country stood at US$ 12,392.8 million as of 24-Nov-2023. The break-up of the foreign reserves position is as under: Foreign reserves held…

Strategic partnership between Visa and Zindigi-Powered by JS Bank aims to promote financial inclusion and digital transformation, and will facilitate digital payments across merchant network in Pakistan.Zindigi powered by JS…

BankIslami Pakistan Limited is proud to announce the inauguration of the Tarjuman call. This groundbreaking initiative, spearheaded by the HR and Phone Banking department, aims to provide unparalleled support and…

The Saudi Fund for Development (SFD), on behalf of the Kingdom of Saudi Arabia, has extended the term for the deposit of USD 3 billion, maturing on 05 December 2023,…

Technological solutions and customer awareness are two crucial aspects of combating the rising incidents of financial crimes across the country, said Federal Banking Ombudsman Sirajuddin Aziz. Speaking as a guest…

Jubilee Life Insurance, Pakistan's largest private sector insurance company, proudly celebrated its 5th consecutive year of collaboration with SEED Ventures on the Enterprise Challenge Pakistan (ECP), the country's premier business…

Mobilink Bank won the prestigious Best Bank for Inclusion title at the Pakistan Banking Awards (PBA) 2023, held at Pearl Continental Hotel, Karachi, on Friday, November 24. The accolade highlights…

The total liquid foreign reserves held by the country stood at US$ 12,302.3 million as of 17-Nov-2023. The break-up of the foreign reserves position is as under: Foreign reserves held…

BankIslami Pakistan Limited proudly announces the signing of a Memorandum of Understanding (MOU) with The Pakistan Freelancers' Association (PAFLA), marking a significant milestone in facilitating the burgeoning freelance community in…

Eastnets, a global provider of compliance and payment solutions for the financial services sector, will host a conference on "Financial Crime in the Digital Age" on November 25 at the…

In a pioneering move, Chikoo, a leading digital business platform, and Bank Alfalah, one of the top commercial banks in Pakistan, announced their strategic partnership at the largest technology conference, +92Disrupt,…

Governor State Bank of Pakistan (SBP), Mr. Jameel Ahmad, launched SBP's strategic plan, SBP Vision 2028, for the period 2023-2028 in a ceremony held today at SBP Karachi, which was…

FINCA Microfinance Bank is taking initial steps to explore a potential merger or acquisition with TPL Corp, Abhi Limited, with a non-binding letter of intent, subject to the approval of…

Islamic Finance, guided by Shariah principles, is a values-driven approach to investment that promotes justice and prohibits unethical, speculative, and usurious practices. It plays a pivotal role in supporting the…

The total liquid foreign reserves held by the country stood at US$ 12,535.5 million as of 10-Nov-2023. The break-up of the foreign reserves position is as under: Foreign reserves held…

In a recent development, the Federal Cabinet has approved the imposition of 40% tax on banks' foreign exchange earnings of the years 2021 and 2022. This decision was made in…