The federal government aims to assist overseas Pakistanis, particularly youth in Gulf countries, by introducing a technological solution for easier remittance transfers to families through a domestic payment scheme. Rana…
Khushhali Microfinance Bank has signed the Women Entrepreneurs Finance Code (WE Finance Code) initiated by the State Bank of Pakistan and the Asian Development Bank, aligning with a vision of…
The total liquid foreign reserves held by the country stood at US$ 20,028.7 million as of 04-Jul-2025. The break-up of the foreign reserves position is as under: Foreign reserves held…
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 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, 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…
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…
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 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…
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…
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…
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…
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 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, 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…
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 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…
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, 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…
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…
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,…
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 (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…
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…
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…