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…

The Institute of Business Management's (IoBM) two-day International Conference on Islamic Banking and Finance (ICBIF) 2023 began today. Focusing on the theme of "Sustainable Development and Islamic Finance: Examining the…

Bank Alfalah and J.P. Morgan Payments have come together to form a strategic engagement to empower individuals to experience real-time transactions like never before under J.P. Morgan's Xpedite Remit Service,…

Pakistan's leading digital microfinance bank, Mobilink Bank, outperformed at Veon's Ignite Awards held in Istanbul by winning in three of the most highly contested categories, including 'Double-Digit Growth', 'Financial Services',…

Survey finds 95% of commuters in Pakistan expect transit to offer contactless payment options. Findings reveal a growing acceptance of contactless payments among the public. 57% of survey audience would…

The total liquid foreign reserves held by the country stood at US$ 12,614.2 million as of 03-Nov-2023. The break-up of the foreign reserves position is as under: Foreign reserves held…

In a significant development for Islamic finance, Meezan Bank, Pakistan's leading Islamic bank has joined hands with SAFCO Microfinance Company Private Limited (SMCL) to establish its inaugural Islamic microfinance branch,…

Workers' remittances recorded an inflow of US$2.5 billion during Oct 23. In terms of growth, during Oct 2023, remittances increased by 11.5 percent on m/m and 9.6 percent on y/y…

JS Investment Limited (JSIL) has announced the launch of JS Islamic Premium Fund (JSIPF), a shariah-compliant investment solution for its investors. This new offering is a straightforward, medium-risk investment solution…

Visa, a world leader in digital payments, and Reward, a global pioneer in bank loyalty, are joining forces to introduce Visa's Card Linked Offers solution in Pakistan. Through the partnership,…

Garaj, Pakistan's fastest-growing local cloud service provider, has partnered with Mobilink Microfinance Bank Ltd. (MMBL), VEON's financial services arm, to transform the Bank's branch networking infrastructure through the integration of…

Mobilink Bank exhibited significant growth in the first three quarters of 2023, as evidenced by the Q3 financial statements. This milestone highlights the Bank's dedication to supporting Micro, Small, and…

The total liquid foreign reserves held by the country stood at US$ 12,576.6 million as of 27-Oct-2023. The break-up of the foreign reserves position is as under: Foreign reserves held…

Pakistan's women entrepreneurs are invited to apply for grants worth USD 50,000, a tailored training program and access to networking and mentoring opportunities. Applications are open until 2 December 2023.…

Chairman of National Business Group Pakistan, President Pakistan Businessmen and Intellectuals Forum, All Karachi Industrial Alliance, and former provincial minister Mian Zahid Hussain said on Wednesday that there was scope…

Central Depository Company (CDC) has collaborated with the State Bank of Pakistan (SBP) for allowing investors to purchase mutual funds units using SBP's RAAST Payment Gateway. CDC has developed a…

Mastercard has announced a strategic partnership with Euronet – an industry leader in processing secure electronic financial transactions – to bring Card-as-a-Service (CaaS) and Bank-as-a-Fintech (BaaF) solutions to Pakistan. The…