The Federal Government vide Gazette Notification F.No.2(1)IF-III/2010 dated December 23, 2021, had extended the last date for exchangeability of old design large size banknotes of Rs 10, 50, 100 &…
A Letter of Intent (LOI) has been signed between the National Bank of Pakistan (NBP) and Sindh Irrigated Agriculture Productivity Enhancement Project (SIAPEP), Govt. of Sindh at Karachi for collaboration…
Faysal Bank Limited (FBL) and Bank of Khyber have partnered to launch a suite of digital financial services featuring virtual & debit card services along with added digital payment solutions.…
ASA Microfinance Bank (Pakistan) Ltd, a wholly-owned subsidiary of ASA International Group plc, one of the world's largest global microfinance institutions providing micro-loans to emerging entrepreneurs across Asia and Africa,…
Telenor Microfinance Bank (TMB), operator of Pakistan's leading digital payments platform Easypaisa, has received US$ 15 million (PKR 3.4 billion) equity injection from its shareholders Telenor Group and Ant Group.…
In the monetary policy meeting held today (25th Nov'22), the State Bank of Pakistan (SBP) has hiked the benchmark policy rate by 100bps to 16%. To recall, the last hike of…
At today's meeting, the Monetary Policy Committee (MPC) decided to raise the policy rate by 100 basis points to 16 percent. This decision reflects the MPC's view that inflationary pressures…
Meezan Bank, Pakistan's leading Islamic bank has been recognised among the top two winners as 'Employer of the Year' by Employers Federation of Pakistan (EFP) – Pakistan's largest forum for employers. The…
The total liquid foreign reserves held by the country stood at US$ 13,645.0 million as of 18-Nov-2022. The break-up of the foreign reserves position is as under:- Foreign reserves held…
Meezan Bank, Pakistan's leading Islamic bank and Pakistan Mortgage Refinance Company (PMRC), a Mortgage Liquidity Facility set up by the State Bank of Pakistan, have recently inked a Master Musharakah…
The monetary policy committee of SBP will convene on Friday (November 25, 2022). We expect SBP to keep the policy rate unchanged at 15% in the upcoming monetary policy. To…
The State Bank of Pakistan (SBP) has suspended, with immediate effect, the authorization of two Exchange Companies, namely, Orient Exchange Company-B (Pvt.) Limited and Best Way Exchange Company-B (Pvt.) Limited…
Telenor Microfinance Bank is the first Bank in Pakistan that has successfully rolled out a digital first business model which allows it's 11 million monthly active users to utilize its…
The total liquid foreign reserves held by the country stood at US$ 13,796.2 million as of 11-Nov-2022. The break-up of the foreign reserves position is as under:- Foreign reserves held…
The announcement from the Ministry of Finance last week that it will advise the State Bank of Pakistan and National Bank to withdraw their appeal against the Federal Shariat Court's…
On the world's biggest shopping day, 11.11, AlfaMall, Bank Alfalah's e-commerce marketplace for customers and merchants, has pledged a seamless user experience with its 'Buy Now, Pay Later feature. This will enable…
Chairman of National Business Group Pakistan, President Pakistan Businessmen and Intellectuals Forum, All Karachi Industrial Alliance, and former provincial minister Mian Zahid Hussain on Friday lauded the decision of the…
Workers' remittances recorded an inflow of US$2.2 billion during October 2022, says a statement issued by State Bank of Pakistan today. During October 2022, remittances decreased by 9.1 percent on…
The total liquid foreign reserves held by the country stood at US$ 13,721.0 million as of 04-Nov-2022. The break-up of the foreign reserves position is as under:- Foreign reserves held…
The State Bank of Pakistan organized a Sustainable Banking Conference, in collaboration with IFC, a member of the World Bank Group, today in a local hotel in Karachi. The objective…
A high-level meeting was held between the Governor, State Bank of Pakistan (SBP) and the Director General, Federal Investigation Agency (FIA) on November 8, 2022. The meeting took stock of…
Creators are driving a revolution in digital commerce and culture – producing content that entertains, engages, and educates online communities in powerful new ways. To serve this growing category of…
Faysal Bank Limited as part of its digital transformation journey has introduced a new innovative feature of Donation Payments via its WhatsApp banking channel. Faysal Islami WhatsApp Banking enables its…
Pakistan's largest digital bank, Mobilink Microfinance Bank Limited (MMBL), has recently launched the 2nd edition of its 9 Point Agenda for Financial Inclusion, a policy document aimed at fostering digital financial…
The National Bank of Pakistan has won the Best Bank Award in Asia-Pacific for 2022 as Global Finance announced its 29th Annual Best Bank Awards. Global Finance regularly selects the…
