Pakistan saw growth in workers’ remittances in June 2025
Workers’ remittances are recorded at US$ 3.4 billion in June 2025. In terms of growth, remittances increased by 7.9 percent on y/y basis. During FY25, workers’ remittances rose by 26.6…
Dubai Islamic Bank and JazzCash to enhance digital financial solutions and remittances
Dubai Islamic Bank Pakistan Limited (DIBPL) has partnered with JazzCash, Pakistan’s leading fintech organisation, to facilitate and grow inbound home remittance transactions to Pakistan through innovative, easy, and seamless digital…
Faysal Bank launches Pakistan’s first inclusive communication guide
Faysal Bank, one of the country’s leading Islamic Banks, has launched Pakistan’s first Inclusive Communication Guide, developed in collaboration with the Centre of Excellence in Responsible Business (CERB), under the…
SBP’s FX reserves are now almost five times higher
Governor State Bank of Pakistan (SBP), Mr. Jameel Ahmad said that SBP is fully committed to undertake structural reforms and lay the foundation for sustainable and inclusive economic growth. He…
BML’s Board has approved the sale of Cullinan Tower in Clifton for PKR 12 billion
Bank Makramah Limited (BML) is advancing its recapitalisation efforts, highlighted by a recent PKR 5 billion deposit from His Excellency Nasser Abdulla Hussain Lootah. This follows his previous PKR 10…
VIS upgrades entity ratings of Faysal Bank Limited
VIS Credit Rating Company Limited (VIS) has upgraded entity ratings of Faysal Bank Limited (‘FABL’ or the ‘Bank’) to 'AA+/A1+' (Double A Plus/A One Plus) from ‘AA/A1+’ (Double A/A One…
Meezan Bank Limited has a strong future
Topline Pakistan Research has featured Meezan Bank Limited (MEBL) in its special report, revising its earnings estimates upwards by 20-25% for 2025 and 2026. The new estimates are Rs 47…
PEF, Karandaaz, NIBAF Pakistan, and BOP launch financial literacy initiative in Punjab Schools
The Punjab Education Foundation (PEF), Karandaaz Pakistan, the National Institute of Banking and Finance (NIBAF), and the Bank of Punjab have partnered to deliver financial literacy in over 1,000 PEF…
Visa Stay Secure Study: 98% of Pakistani consumers proactively secure online transactions.
A new study commissioned by Visa reveals a rise in consumer awareness and proactive security measures for digital payments across Pakistan. The latest edition of Visa’s Stay Secure study, which surveyed…
Sindh Bank selects PTCL to enhance the Bank’s digital connectivity infrastructure
Pakistan Telecommunication Company Limited (PTCL) and Sindh Bank have signed an agreement to deploy SD-WAN (Software-Defined Wide Area Network) at 330 branches of Sindh Bank. This technology enhances internet and…
Standard Chartered Pakistan’s achievements in diversity & inclusion
Standard Chartered Pakistan earned two prestigious awards in June 2025 for its outstanding work in diversity and inclusion. The Bank received the Women Empowerment and Gender Equality Diamond Recognition Award…
Bank Alfalah partners with IBA-CEJ for capacity building of content creators
Bank Alfalah, one of Pakistan's leading commercial banks of Pakistan, partnered with the Center for Excellence in Journalism (CEJ) at IBA Karachi, to conduct EmpowerED, a five-day training program designed…
Neem & Jubilee partner to power embedded payments across the insurance value chain
Jubilee Life Insurance, Pakistan’s largest private sector life insurance provider, has entered into a strategic partnership with Neem, the country’s leading embedded finance platform, to digitise and streamline payments across…
The tPakistan total foreign reserves stood at US$ 14,397.4 million
The total liquid foreign reserves held by the country stood at US$ 14,397.4 million as of 20-Jun-2025. The break-up of the foreign reserves position is as under: Foreign reserves held…
SBP: The digital payments in the country continued its upward trajectory during Q3-FY25
The State Bank of Pakistan (SBP) has released its Quarterly Payment Systems Review for Q3 FY25, providing a summary of the country's payment systems and presenting notable changes in the…
Meezan Bank and IBA-CEIF develop future islamic finance leaders
Meezan Bank, Pakistan’s Premier Islamic bank, has successfully concluded the second batch of ‘Meezan Justuju – A Quest for Islamic Finance Leaders!’, an educational initiative conducted in collaboration with the…
Pakistan to advance cybersecurity capacity across the country’s banking sector
National Institute of Banking and Finance-Pakistan (NIBAF Pakistan) and Risk Associates have formalised a landmark partnership today through the signing of a Memorandum of Understanding (MoU), aimed at strengthening the…
Efforts to eliminate circular debt are commendable: Mian Zahid Hussain
The Chairman of National Business Group Pakistan, the President of the Pakistan Businessmen and Intellectuals Forum, the President of All Karachi Industrial Alliance, the Chairman of the FPCCI Advisory Board,…
SBP reserves increased by US$ 46 million
The total liquid foreign reserves held by the country stood at US$ 17,004.5 million as of 13-Jun-2025. The break-up of the foreign reserves position is as under: Foreign reserves held…
Visa expands stablecoin initiatives in CEMEA
Visa (NYSE: V), a global leader in digital payments, announced significant advancements in its stablecoin initiatives, with expanded settlement capabilities in the Central and Eastern Europe, Middle East, and Africa…
KATI terms interest rate decision temporarily acceptable amid global uncertainty
The Korangi Association of Trade and Industry (KATI) has termed the State Bank of Pakistan’s decision to maintain the policy rate at 11% as temporarily acceptable given the prevailing global…
Policy rate needs to be Brought to single digit: Malik Khuda Bakhsh
Malik Khuda Bakhsh, President of Pakistan Business Forum (Karachi Region) and Convener of the FPCCI Energy Committee, has termed the State Bank of Pakistan’s decision to keep the interest rate…
KCCI is disappointed over SBP’s decision to maintain a high policy rate
President Karachi Chamber of Commerce & Industry (KCCI) Muhammad Jawed Bilwani has expressed profound disappointment over the State Bank of Pakistan’s (SBP) decision to maintain the policy rate unchanged at…
Industry disappointed at status quo in Monetary Policy: President FPCCI
Mr. Atif Ikram Sheikh, President FPCCI, has apprised that the business, industry and trade community of Pakistan is disappointed with the monetary policy as it continues to be based on…
PTCL Group & TPL Insurance partner to enable device financing for enterprises
Pakistan’s largest telecommunication and digital services provider, PTCL Group (PTCL and Ufone 4G), has partnered with TPL Insurance to launch a groundbreaking financial guarantee system aimed at promoting the adoption…