MPC decided to keep the policy rate unchanged at 12 percent.
At its meeting today, the Monetary Policy Committee (MPC) decided to keep the policy rate unchanged at 12 percent. The Committee noted that inflation in February 2025 turned out lower…
EFU General Insurance honoured with (NFEH) 14th Annual Fire & Safety Award 2024
EFU General Insurance was honored by the National Forum of Environment & Health (NFEH) with the 14th Annual Fire & Safety Award 2024. Syed Ahmed Hassan, Senior Executive Vice President…
HCSTSI commended the GoP’s initiatives to promote cryptocurrency
Muhammad Saleem Memon, President of the Hyderabad Chamber of Small Traders & Small Industry (HCSTSI), commended the Government of Pakistan's initiatives to promote cryptocurrency and blockchain technology, viewing it as…
BankIslami has launched its first fully women-managed branch in Karachi
BankIslami has launched its first fully women-managed branch in Karachi to promote gender inclusivity in the workplace. The branch, operated entirely by female employees, is an initiative to empower women…
easypaisa supports GoP in disbursing financial assistance to 1 m+ beneficiaries
In line with our mission to empower underserved communities and expand financial access, easypaisa digital bank is actively supporting the Government of Pakistan this Ramadan, delivering vital financial assistance to…
Faysal Bank, Akhuwat Foundation & TCF Partner for Interest-Free Solar Financing
Faysal Bank Limited (FBL), one of Pakistan’s largest Islamic banks, has strengthened its commitment to sustainability and women’s empowerment by partnering with Akhuwat Islamic Microfinance (AIM) and The Citizens Foundation…
NKATI appealed to SBP to reduce the interest rate by up to 5%
Faisal Moez Khan, President of the North Karachi Association of Trade and Industry (NKATI), has appealed to the Governor of the State Bank of Pakistan to reduce the interest rate…
SBP reserves increased by US$ 27 million
The total liquid foreign reserves held by the country stood at US$ 15,873.8 million as of 28-Feb-2025. The break-up of the foreign reserves position is as under: Foreign reserves held…
NBP wins 10 ‘Best Practice’ Awards at the Global Diversity, Equity and Inclusion Benchmarks (GDEIB) Awards & Conference 2025
National Bank of Pakistan (NBP) has once again demonstrated its leadership in fostering an inclusive and equitable workplace by securing 10 ‘Best Practice’ Awards at the Global Diversity, Equity and…
Mastercard and Mashreq to launch a digital bank in Pakistan
Mastercard has signed a multi-year strategic agreement with Mashreq to support its launch as a digital bank in Pakistan. Announced at a signing ceremony held at Mashreq HQ in Dubai,…
Payoneer and Meezan Bank join forces to revolutionize international payment
Payoneer (NASDAQ: PAYO) the financial technology company empowering the world’s small and medium-sized businesses (SMBs) to transact, do business, and grow globally, has partnered with Meezan Bank, Pakistan’s leading Islamic…
Khushhali Microfinance Bank partners with Qazi Shariah Consultancy to strengthen commitment to Islamic Banking
Khushhali Microfinance Bank Limited (KMBL) has taken a significant step toward expanding its Islamic banking offerings by collaborating with Qazi Shariah Consultancy. This strategic partnership is aligned with the State…
EFU General wins ‘Brand Icon of Pakistan 2024’ Award
EFU General has been honored with the 'Brand Icon of Pakistan 2024' award by the Brands Foundation. This prestigious recognition reflects our unwavering commitment to excellence, trust, and outstanding service…
EFU General Insurance sponsors HMB 5th Invitational Golf Tournament
EFU General Insurance Limited sponsored the Habib Metropolitan Bank (HMB) 5th Invitational Golf Tournament on November 30, 2024, at DHA Country & Golf Club, Karachi. The event brought together corporate…
JS Bank records consolidated PBT of PKR 30.7 bn in 2024
JS Bank Limited continued to strengthen itself through sustainable growth and innovative financial solutions, solidifying its position as one of the fastest-growing banks in the country. As a result, JS…
Mobilink Bank recognized among ‘Top 10 Inclusive Companies’ at GDEIB Awards 2025
Pakistan's leading digital microfinance bank, Mobilink Bank, has been named one of the 'Top 10 Inclusive Companies of the Year' at the prestigious Global Diversity, Equity, and Inclusion Benchmarks (GDEIB) Awards…
NBP posted strong results for 4QCY24, dividend resumed with the highest-ever payout
NBP announced earnings (PAT) today for 4QCY24 at PKR 22.4bn (EPS: PKR 10.6), depicting an uptick of 63% YoY | 7.6x QoQ (4QCY23 EPS: PKR 6.5). This brought full-year CY24…
Banks, office and business hours during the month of Ramadan-ul-Mubarak, 1446 AH
During the ensuing month of Ramadan-ul-Mubarak 1446 A.H., the following office hours will be observed in the State Bank of Pakistan, which all banks, development finance institutions and microfinance banks…
Faysal Bank signed MOU with OlaDoc to provide free digital healthcare services
Faysal Bank Limited (FBL), one of Pakistan’s leading Islamic banks, has signed a strategic Memorandum of Understanding (MOU) with OlaDoc, a leading digital healthcare platform. This collaboration is designed to…
ABHI and TPL Corp celebrate the launch of ABHI Microfinance Bank
In a historic milestone, ABHI and TPL Corp Limited came together to celebrate the grand launch of ABHI Microfinance Bank at Mohatta Palace. This strategic collaboration, approved by the State…
Indus Motor Company reports strong growth in 1HFY25 amid economic recovery
Indus Motor Company Limited ("the Company") has announced its financial results for the half-year FY 24-25 ended December 31, 2024, showcasing strong growth amidst signs of economic recovery in Pakistan.…
Payoneer reports revenue, surpasses $80b in volume
Payoneer (NASDAQ: PAYO), a global fintech leader empowering small and medium-sized businesses (SMBs) to expand globally, has reported record-breaking financial results for Q4 and full-year 2024. The company achieved 20%…
BankIslami delivers record 24% surge in profit
BankIslami has posted a record-breaking 24.4% rise in pre-tax profit to Rs. 25.5 billion for the year ending December 31, 2024, reinforcing its stature in Pakistan’s Islamic banking sector. Despite…
SBP reserves increased by US$ 21 million
The total liquid foreign reserves held by the country stood at US$ 15,925.7 million as of 21-Feb-2025. The break-up of the foreign reserves position is as under: Foreign reserves held…
Tooran Asif appointed as President & CEO of U Microfinance Bank Limited
PTCL Group, Pakistan's largest ICT services provider, is pleased to announce the appointment of seasoned banker, Tooran Asif as the new President & Chief Executive Officer (CEO) of U Microfinance…