Pakistan’s current account posts USD 1.9bn surplus in 10MFY25
The current account surplus was USD 12mn in April '25, down from USD 315mn in April ’24 and USD 1.2bn in March ’25. The cumulative surplus in 10MFY25 reached USD…
State Life and JS Bank partner to expand access to insurance
State Life Insurance Corporation of Pakistan (SLIC), the nation’s largest and most trusted life and health insurer, has entered into a strategic partnership with JS Bank, one of the fastest…
JS Bank launches Pakistan’s first maternity insurance through JS Her
In a move to support women’s health and financial well-being, JS Bank, through its women-focused banking platform JS Her, has launched Pakistan’s first dedicated maternity insurance, offering care and coverage…
BankIslami acquires Pakistan’s tallest bank office
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,…
SBP saw significant growth in workers’ remittances in April 2025
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$…
Daraz Pakistan partners with UnionPay International to drive digital payments growth
Daraz Pakistan, the country’s leading e-commerce platform, has announced a strategic partnership with UnionPay International, a global leader in digital payments, to accelerate the adoption of seamless and secure online…
SBP reserves increased by US$ 118 million
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…
HCSTSI has termed the MP announced by the SBP, as a cautious yet positive step
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…
Rafiq Suleman, appreciated the SBP’s decision to cut the interest rate by one percent
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 launches its hiring and remote working app, Worklee
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…
SBP delivers larger-than-expected rate cut to 11% as headline inflation bottoms out
*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…
KCCI unhappy with 1 percent cut in interest rates amid record-low inflation
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…
Trade & Industry categorically demanded a reduction of 500 bps; President FPCCI
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…
Interest rate cut a welcome step, but insufficient for industrial revival: PVMA Chairman
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…
100bps cut insufficient, needs single-digit rate: Ahmed Azeem Alvi
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…
DIBPL appoints Muhammad Ali Gulfaraz as CEO
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…
MPC reduced the policy rate by 100 bps to 11 percent, effective from May 6 2025.
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 and Vizpro partner to digitize retail payments
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…
SBP reserves increased by US$ 9 million
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 facilitates PKR 107M in donations during Ramadan 2025
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…
Visa announces new era of commerce featuring AI
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…
Mobilink Bank and Daraz Pakistan partner to empower MSMEs
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
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 reports PKR 2.74 billion PBT for Q1 2025
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…
MPS Preview: Measured 50 bps cut expected
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…