The total liquid foreign reserves held by the country stood at US$ 14,065.3 million as of 14 Jul 2023. The break-up of the foreign reserves position is as follows: Foreign…
Mobilink Bank signed two separate Memorandum of Understandings (MOUs) with the International Institute of Entrepreneurship (TIIES) and Pakistan Freelancers' Association (PAFLA) respectively. These collaborative partnerships aim to bolster financial literacy,…
SBP's next Monetary Policy Committee (MPC) meeting will be held on the 31st of July 2023. To gauge the view on monetary policy outlook, Topline Research polled key market participants…
UBL announced earnings today for 2QCY23 at PKR 12.7bn (EPS: PKR 10.4), depicting an uptick of 379% YoY while down by 11% QoQ. The rise in earnings on YoY basis…
In a recent visit to the Korangi Association of Trade and Industry (KATI), Muhammad Aurangzeb, chairman of Pakistan Business Council, president and CEO of Habib Bank Limited and Pakistan Banks…
Mobilink Bank achieved notable growth in loan disbursement and Gross Loan Portfolio (GLP) across two key segments, Women as well as Micro, Small, and Medium Enterprises (MSMEs), as evident in…
Pakistan posted a current account surplus of USD 334mn for June '23 compared to a deficit of USD 2.3bn during June '22. This marks the fourth consecutive monthly CA surplus.…
Summit Bank Limited is pleased to announce that the State Bank of Pakistan has granted its consent to change Summit Bank's name to Bank Makramah Limited (abbreviated as BML). This…
The banking sector outperformed KSE100 by 2.03% (total return 1.15%) during 1HCY23. In terms of profitability, during 2QCY23, the banking sector is expected to post jump in YoY earnings driven…
Jubilee Life Insurance, Pakistan's largest private sector insurance company, and Daewoo Express, the country's premier transportation service provider, are pleased to announce a one-of-a-kind strategic partnership offering insurance coverage to…
The total liquid foreign reserves held by the country stood at US$ 9,838.5 million as of 07-Jul-2023. The break-up of the foreign reserves position is as under: Foreign reserves held…
As anticipated, the Executive Board of the International Monetary Fund (IMF) have approved a 9-month Stand By Agreement (SBA) for Pakistan amounting to US$3bn (SDR 2,250mn). The approval allows for…
Mastercard has partnered with JazzCash, Pakistan's largest digital wallet provider, serving over 43 million accounts, to revolutionise digital payments by introducing affordable acceptance solutions nationwide. The partners are launching QR…
Zarrar Hasham Khan, Group Chief Business Solutions Officer, PTCL & Ufone 4G and Syed Ata Hussain Jaffri, EVP Head of IT, Sindh Bank, signed the agreement at a ceremony recently…
Returning conviction With the IMF staff-level agreement in place, the much-needed breathing space for Pakistan's economy reinforces our liking for the banking sector. The absence of banks from debt restructuring…
Chairman of National Business Group Pakistan, President Pakistan Businessmen and Intellectuals Forum, and All Karachi Industrial Alliance, and former provincial minister Mian Zahid Hussain said on Wednesday that the previous…
Pakistan Telecommunication Company Limited (PTCL) and National Bank of Pakistan Limited (NBP) have agreed to provide primary Data Center colocation services at PTCL's Tier-III Data Center facility. Zarrar Hasham Khan,…
BankIslami, Pakistan's leading Islamic bank, is delighted to announce that it has been upgraded to an AA- rating. This prestigious rating reaffirms the bank's commitment to excellence, sound financial management,…
VIS Credit Rating Company Limited has reaffirmed the entity ratings of Meezan Bank Limited ('MEBL' or 'the Bank') at 'AAA/A-1+' (Triple A/ A-One Plus). The medium to long-term rating of…
Pakistan's leading Islamic financial institution, BankIslami, has received the prestigious Best Bio-Technology Award for its innovative OneTouch Banking solution at the Pakistan Digital Awards 2023. The award ceremony, held on…
The Pakistan Credit Rating Agency (PACRA) has maintained the long-term and short-term entity ratings of Pakistan Microfinance Investment Company (PMIC) at 'AA' (Double A) and 'A1+' (A One Plus), respectively.…
Jubilee Life Insurance, Pakistan's largest private sector insurance company, has again aced at the esteemed Pakistan Digital Awards 2023. The insurance company was honoured with the Best Social Media Campaign…
In the statement after its meeting on 12th June, the Monetary Policy Committee (MPC) viewed the then monetary policy stance as appropriate to achieve the price stability objective "barring any…
Mastercard has partnered with SimpliFi, the leading regional Cards as a Service (CaaS) platform, to enhance digital payment adoption in the Middle East and North Africa (MENA). CaaS is an…
