In a move that reflects the accelerating shift toward digital banking in Pakistan, ABHI Microfinance Bank Limited has signed a Memorandum of Understanding (MoU) with Jaffer Business Systems Private Limited…
· The mutual fund industry continues to witness strong structural traction, underpinned by the robust rally at the Pakistan Stock Exchange (PSX), ample market liquidity, and rising investor penetration. As of…
Mr. Atif Ikram Sheikh, President of the Federation of Pakistan Chambers of Commerce & Industry (FPCCI), has warmly welcomed the banking sector’s voluntary decision to reduce the Export Refinance Facility…
The total liquid foreign reserves held by the country stood at US$ 21,374.7 million as of 06-Feb-2026. The breakdown of the foreign reserves position is as follows: Foreign reserves held…
Pakistan’s insurance and takaful sector has marked a significant milestone as the Securities and Exchange Commission of Pakistan has granted registration to First Digital Takaful Company Limited, a wholly owned…
In a significant move to support economic revival, Pakistan's Banking Sector has voluntarily reduced the markup rate on the Export Refinance Facility (ERF) by 3.0%, bringing it down to 4.50%…
Faysal Bank Limited (FBL), Pakistan’s leading Islamic bank, and Waseela Pakistan, an operator of integrated agricultural ecosystems, have signed a Memorandum of Understanding (MoU) to facilitate fast-track, Shariah-compliant financing for…
Pak-Qatar General Takaful Limited (PQGTL), a leading Shariah-compliant general Takaful operator in Pakistan, has made history by listing on the Pakistan Stock Exchange (PSX) following its record-breaking IPO. As the…
According to SBP, January 2026 saw a robust inflow of workers’ remittances, totalling $3.5 billion, marking a 15.4 per cent increase compared to the same month last year. This rise…
Winners were announced at the finals pitch event following a three-month long program that kicked off in November 2025 Anusha Fatima - TrashIt wins the new Sustainability Award introduced for…
As part of ongoing efforts to improve its communications with external stakeholders and increase transparency in monetary policy decision-making, the State Bank of Pakistan (SBP) released its biannual Monetary Policy…
The Board of Directors of Meezan Bank, in its meeting held on February 9th, 2025 approved the financial statements of the Bank and its consolidated financial statements for the year…
ABHI Microfinance Bank Ltd. (Abhi MFB) has entered into a strategic partnership with 1LINK to roll out 1GO Raast Person-to-Merchant (P2M) services, enabling merchants nationwide to accept instant digital payments…
Meezan Bank Ltd (MEBL) announced its 4QCY25 financial results earlier today, wherein the bank posted NPAT of PkR21.8bn (EPS: PkR12.1) for the quarter, down 10%YoY/up 4%QoQ. The result is inline…
Meezan Bank, Pakistan’s leading Islamic bank and one of the largest in the country, has signed an agreement with Freedom Bank Kazakhstan to establish a PKR Vostro Account, marking an…
Prime Minister of Pakistan, Shehbaz Sharif, has recognised the National Bank of Pakistan (NBP) for its significant contributions to the national economy. During a recent ceremony in Islamabad, PM Shehbaz Sharif…
MCB Bank Limited is pleased to announce another year of resilient financial performance for the year ended December 31, 2025, reflecting the Bank’s strategic agility, balance sheet strength, and disciplined…
The State Bank of Pakistan (SBP), through the Pakistan Banks Association (PBA), has conveyed its no objection to onboarding HBL Zarai Services Limited (HBL Zarai) as an approved Agricultural Services…
In a significant step toward strengthening small business financing in Pakistan, ABHI Microfinance Bank has signed a Memorandum of Understanding (MoU) with DigiKhata, a leading digital ledger platform used by…
Following a strong follow-up by the Hyderabad Chamber of Small Traders & Small Industry regarding the serious issue of unjustified and indefinite holding of funds in business accounts, Vice President…
Meezan Bank, Pakistan’s leading Islamic bank and one of the largest banks in the country, engaged with Bank Negara Malaysia (BNM), the Central Bank of Malaysia, under a focused knowledge-sharing…
As of January 23, 2026, Pakistan's total liquid foreign reserves have reached US$ 21,293.3 million, according to the latest data released by the State Bank of Pakistan (SBP). This represents…
In a move aimed at widening access to small-ticket digital financing in Pakistan, ABHI Microfinance Bank has entered into a strategic partnership with Zanda Financial Services (Pvt.) Ltd., a technology-enabled…
The general public will be able to subscribe to the initial public offering (IPO) of Pak Qatar General Takaful Limited (PQGTL) starting January 28th, following strong institutional investor demand during…
Atif Ikram Sheikh, President FPCCIKarachi: Mr. Atif Ikram Sheikh, President of the Federation of Pakistan Chambers of Commerce & Industry (FPCCI), has expressed profound disappointment over the State Bank of…
