BankIslami, one of Pakistan’s fastest-growing Islamic financial institutions, has acquired the 32-storey Altitude Tower in Karachi to serve as its new national headquarters. This acquisition reflects the Bank’s expanding footprint,…
Workers’ remittances recorded an inflow of US$ 3.2 billion during April 2025. In terms of growth, remittances increased by 13.1 percent on y/y basis. Cumulatively, with an inflow of US$…
Daraz Pakistan, the country’s leading e-commerce platform, has announced a strategic partnership with UnionPay International, a global leader in digital payments, to accelerate the adoption of seamless and secure online…
The total liquid foreign reserves held by the country stood at US$ 15,482.6 million as of 02-May-2025. The break-up of the foreign reserves position is as under: Foreign reserves held…
President Hyderabad Chamber of Small Traders & Small Industry (HCSTSI), Muhammad Saleem Memon, has termed the Monetary Policy announced by the State Bank of Pakistan on May 5, 2025, as…
Former Chairman of the Rice Exporters Association of Pakistan (REAP) and Convener of the FPCCI Standing Committee on Energy, Rafiq Suleman, appreciated the State Bank of Pakistan’s decision to cut…
Bank Alfalah launched the country's first human resources hiring and remote working app, Worklee. The application is designed to create diversified, inclusive and accessible employment opportunities for all segments of…
*This analysis was produced by S&P Global Market Intelligence, not S&P Global Ratings, which is a separately managed division of S&P Global. Please attribute any commentary/data you cite from this…
President Karachi Chamber of Commerce & Industry (KCCI) Muhammad Jawed Bilwani has termed the State Bank of Pakistan’s decision to reduce the policy rate by 1 percent, bringing it down…
Atif Ikram Sheikh, President FPCCI, has informed that the business, industry, and trade community of Pakistan is disappointed with the monetary policy as it continues to be based on a…
Chairman of the Pakistan Vanaspati Manufacturers Association (PVMA), Sheikh Umer Rehan, has welcomed the State Bank of Pakistan’s decision to reduce the policy rate by 100 basis points, bringing it…
Ahmed Azeem Alvi, President of SITE Association of Industry, has expressed disappointment over the State Bank of Pakistan's (SBP) mere 100 basis points reduction in the policy rate, demanding the…
Dubai Islamic Bank Pakistan Limited (DIBPL), a wholly-owned subsidiary of Dubai Islamic Bank UAE (DIB), is pleased to announce the appointment of Mr. Muhammad Ali Gulfaraz as its new Chief…
At its meeting today, the Monetary Policy Committee (MPC) decided to cut the policy rate by 100 bps to 11 percent, effective from May 6, 2025. The Committee noted that…
Karandaaz, an impact investment platform dedicated to driving sustainable economic growth and strengthening financial and social protection systems for inclusion, has partnered with Vizpro, a technology-driven “Middle Mile” fintech platform…
The total liquid foreign reserves held by the country stood at US$ 15,251.8 million as of 25-Apr-2025. The break-up of the foreign reserves position is as under: Foreign reserves held…
easypaisa digital bank was at the forefront of creating meaningful impact during Ramadan, processing over PKR 107 million in donations through its dedicated campaign, marking an 18% year-on-year increase from…
The future of commerce is on display at the Visa Global Product Drop with powerful AI-enabled advancements allowing consumers to find and buy with AI plus the introduction of new…
Pakistan’s leading digital microfinance bank, Mobilink Bank, has announced a strategic partnership with Daraz Pakistan, the country's largest e-commerce platform, to accelerate financial inclusion, access to finance and digital enablement…
Standard Chartered and The British Asian Trust have announced to renew their partnership and are thrilled to launch ‘Thriving Futures’, a three-year enterprise development programme that will focus on providing…
JS Bank, one of the fastest-growing banks in Pakistan, has announced its financial results for the first quarter ended March 31, 2025. The Bank reported an unconsolidated Profit Before Tax…
The Monetary Policy Committee (MPC) is scheduled to convene its next meeting on May 5, 2025, and we anticipate the State Bank of Pakistan (SBP) to reduce the policy rate…
Urgent dedicated primary legislation, swift adoption of AAOIFI (Accounting and Auditing Organization for Islamic Financial Institutions) standards tailored to local financial context, and the establishment of a stronger Shariah governance framework are critical…
Lucky Investments Limited (Lucky Investments) has been awarded an initial Asset Manager Rating of “AM2” with a Positive Outlook by The Pakistan Credit Rating Agency Limited (PACRA). This significant milestone…
Standard Chartered Bank Pakistan Limited (SCBPL) delivered a resilient financial performance with a profit before tax of PKR 17.0bn compared to PKR 24.7bn in Q1’24. The Bank posted revenue of…
