This refers to the news item on social media regarding the 2-hour cooling period for digital fund transfers. In this regard, it is clarified that all digital fund transfers are…
VIS Credit Rating Company has reaffirmed the AA plus Insurer Financial Strength rating for United Insurance Company of Pakistan Limited (UIC) and upgraded its outlook to stable, citing resilience in…
Zindigi, powered by JS Bank, introduces its “Paylink” feature, reaffirming its commitment to empowering freelancers with a secure and efficient cross-border payment solution. Despite Pakistan being home to over 1.5…
Faysal Bank Limited (FBL), one of Pakistan’s leading Islamic banks, has entered into a strategic partnership with Tapsys Private Limited (Tapsys), a leading technology solutions provider, to deliver cutting-edge digital…
National Bank of Pakistan (NBP) proudly celebrates another prestigious recognition by receiving the UnionPay International Award for Strategic Contribution – Marketing Promotion. The award was presented by Mr. Nadeem Haroon,…
Jubilee Life Insurance Company Limited (JLI), Pakistan’s largest private sector insurer, and United Bank Limited (UBL), one of the country’s largest financial institutions, have entered into a strategic partnership to…
Lucky Investments Limited (“Lucky Investments”) has crossed PKR 100 Billion (USD 350 Million) in Assets Under Management (AUMs) in under six months of the launch of its first fund in…
The Annual Microfinance Conference (AMC) is an annual feature, and its 9th edition is scheduled to be held on Oct 7-9, 2025, in Karachi. The Annual Microfinance Conference 9 (AMC-9),…
Bank Alfalah, one of Pakistan’s leading commercial banks, through its Islamic banking division, has been recognised with two prestigious accolades at the 2025 Global Islamic Finance Awards (GIFA): Best Bank…
Jahanzeb Khan, President & CEO of easypaisa digital bank, emphasized that disruptive digital innovation, keeping local market insights and ground realities in mind, has the potential to drive full-scale financial…
BankIslami, Pakistan’s leading Islamic bank, has announced a special collaboration with MG Motors Pakistan, offering customers the most competitive Shariah-compliant auto financing package in the industry. With an unprecedented rental rate…
Mashreq, one of the leading financial institutions in the MENA region, has officially announced the commercial launch of its full-service digital retail bank in Pakistan, Mashreq Bank Pakistan, in the…
Faisal Moiz Khan, President of the North Karachi Association of Trade and Industry (NKATI), has expressed disappointment over the State Bank of Pakistan’s decision to keep the policy interest rate…
Syed Aman Shah, Provincial Convener of Awaam Pakistan Party Balochistan, has expressed serious concerns over the State Bank of Pakistan’s decision to maintain the interest rate at its current level,…
BankIslami has been recognized with the Best Islamic Banking Brand award at the Global Islamic Finance Awards (GIFA) 2025 in Kuala Lumpur, Malaysia. GIFA is a globally recognized platform that…
Mian Zahid Hussain, President of the Pakistan Businessmen and Intellectuals Forum & All Karachi Industrial Alliance, Chairman National Business Group Pakistan, Chairman Policy Advisory Board FPCCI, and Former Provincial Minister…
The Korangi Association of Trade and Industry (KATI) President, Junaid Naqi, has expressed deep disappointment over the State Bank of Pakistan’s decision to maintain the monetary policy rate at 11…
Dubai Islamic Bank Pakistan (DIB), one of the leading Islamic banks in the country, has been honored with the Shaukat Khanum Social Responsibility Award 2024 by Shaukat Khanum Memorial Trust…
SITE Association of Industry (SAI) has strongly criticized the State Bank of Pakistan (SBP) for maintaining the policy rate at 11%, warning that the decision could derail the government’s efforts…
The total liquid foreign reserves held by the country stood at US$19,680.9 million as of 05-Sep-2025. The break-up of the foreign reserves position is as follows. Foreign reserves held by…
The State Bank of Pakistan (SBP) has issued today the Mid-Year Performance Review (The Review) of the Banking Sector for 2025. The Review covers the performance and soundness of the…
The SBP is expected to maintain the policy rate at 11.0% in the Sep’25 meeting, in our view. While current headline inflation and external stability provide room for easing, the…
Faysal Bank Limited (FBL), has been recognized with the prestigious “Momentum Award – Issuing Bank” at the 11th Annual Trade and Supply Chain Finance Program (TSCFP) Awards 2025, hosted by…
K-Electric (KE) successfully concluded the Initial Public Offering (IPO) of Pakistan’s first retail listed short-term Sukuk, attracting 2.2x times more bids than its target of PKR 2 billion. The funds…
The State Bank of Pakistan recently reported a significant milestone in the country’s foreign reserves, which reached US$ 19,659.5 million as of August 29, 2025. This development comes as a…
