MPC decided to keep the policy rate unchanged at 11 percent
At its meeting today, the Monetary Policy Committee (MPC) decided to keep the policy rate unchanged at 11 percent. The Committee noted that the increase in inflation in May to…
BankIslami won the best campaign Award at the PDA 2025
BankIslami, one of Pakistan’s fastest-growing financial institutions, has won the Jury Award for Best Campaign at the Pakistan Digital Awards (PDA). This award was presented in recognition of the Bank’s purpose-led…
Middle East unrest prompts cautious stance on policy rate: AKD Research
We expect the SBP to maintain the status quo in its upcoming Monetary Policy Committee (MPC) meeting, given the recent escalation in regional tensions and the surge in oil prices.…
Monetary Policy Survey: 56% of the participants expect the status quo: Topline Pakistan Research
State Bank of Pakistan (SBP) is scheduled to hold its Monetary Policy Committee (MPC) meeting on May 05, 2025. In a Poll conducted by Topline Securities, 56% of the market…
SBP reserves increased by US$ 167 million
The total liquid foreign reserves held by the country stood at US$ 16,875.0 million as of 06-Jun-2025. The break-up of the foreign reserves position is as follows: Foreign reserves held…
DWP Technologies enables JS Bank with strategic ACI Deployment
DWP Technologies and JS Bank officially entered into a transformative partnership through the signing of a three-year Cisco Infrastructure Services contract, marking a significant milestone in digital infrastructure development. This strategic alliance…
PQFTL hosts balloting ceremony for its Loyalty Reward Scheme
Pak-Qatar Family Takaful Limited recently held a grand balloting event under the “Loyalty Reward Scheme” to reward its loyal participants. The event held at the company’s Head Office, the event…
Faysal Bank champions women’s inclusion with the Khud Mukhtar Internship programme
Faysal Bank Limited (FBL), one of Pakistan’s leading Islamic banks, successfully kicked off the Karachi cohort of its ‘Faysal Khud Mukhtar’ Internship Programme in collaboration with Circle Women Association, showcasing…
Mobilink Bank’s inheritance campaign shortlisted at Cannes Lions 2025
Pakistan's leading digital microfinance Bank, Mobilink Bank's inheritance campaign, has been shortlisted for the prestigious Cannes Lions International Festival of Creativity 2025 in the 'Glass: The Lion for Change' category.…
Workers’ remittances surge in May 2025: SBP
In May 2025, workers' remittances experienced a significant inflow of $3.7 billion, marking a robust increase in financial contributions from overseas. According to the latest report, remittances grew by 16.0%…
MNT-Halan’s Halan Microfinance Bank receives a license from SBP to expand
Halan Microfinance Bank, a Pakistani microfinance bank owned by MNT-Halan, has received a national license from the State Bank of Pakistan, enabling it to expand throughout the country beyond Sindh…
easypaisa Digitizes Cattle-Market & Qurbani Transactions for Eid-ul-Adha
Prioritizing ease and convenience for millions this Eid-ul-Adha, easypaisa digital bank is playing a critical role in not just digitizing the traditionally cash-intensive cattle-market transactions but also enabling users to…
PQAMC announces dividend of PKR 0.2095 per unit
Pak-Qatar Asset Management Company Limited (PQAMC) is a leading dedicated Islamic Asset Management Company in Pakistan and part of Pak-Qatar Group, which is Pakistan’s Pioneer and Premier Islamic financial services…
HBL Zarai Services and Bayer Pakistan sign strategic MOU to empower smallholder farmers
HBL Zarai Services Limited (HZSL), a wholly owned subsidiary of Habib Bank Limited (HBL), has entered into a strategic partnership with Bayer Pakistan (Pvt) Limited, a subsidiary of Bayer AG,…
Standard Chartered Pakistan and Emirates form strategic partnership
Standard Chartered Pakistan and Emirates have signed a Memorandum of Understanding (MoU) to enhance client experiences, particularly for Standard Chartered Credit Card holders. This partnership offers special fares on tickets…
BankIslami has been named the Best Islamic Bank in Pakistan
BankIslami has been named the Best Islamic Bank in Pakistan at the Euromoney Islamic Finance Awards 2025, recognizing its leadership in the growing Islamic finance sector. The award underscores the…
Meezan Bank serves as joint financial & shariah advisor for green sukuk
The Government of Pakistan, with strategic support from Meezan Bank and the Pakistan Stock Exchange, has launched its first sovereign Green Sukuk—marking a significant advancement in sustainable and Shariah-compliant public…
MoF, Karandaaz Pakistan and the PBA are hosting a two-day training workshop in Islamabad
The Ministry of Finance (MoF), in collaboration with Karandaaz Pakistan and the Pakistan Banks Association (PBA), is hosting a two-day training workshop titled “From Value to Vision: Financing with Purpose…
SBP issues the Guidelines for the Regulatory Sandbox
In line with its Vision 2028, the SBP has issued the Guidelines for the Regulatory Sandbox (RSB) under Section 3 of the Payment Systems and Electronic Fund Transfers (PS&EFT) Act,…
Karandaaz and GrowTech to Empower farmers through AgriTech and Financial Inclusion
In a strategic move to reshape Pakistan’s agricultural ecosystem, Karandaaz Pakistan, an impact investment platform dedicated to driving sustainable economic growth and strengthening financial and social protection systems for inclusion,…
SBP launches nationwide “Go Cashless” Campaign for Eid-ul-Azha
The State Bank of Pakistan (SBP) has initiated a nationwide "Go Cashless" campaign to promote digital payments and reduce reliance on cash transactions within cattle markets during the upcoming Eid-ul-Azha.…
Visa highlights a significant increase in the adoption of digital payment
Visa (NYSE: V), a world leader in digital payments, highlights a significant increase in the adoption of digital payment methods by Small and Medium Enterprises (SMEs) in Pakistan in its…
Bank Alfalah launches Eatsy, Pakistan’s first bank-led Restaurant App
Bank Alfalah, one of Pakistan’s largest commercial banks in Pakistan, announces the launch of Eatsy, a first-of-its-kind, end-to-end digital dining payment solution that transforms the restaurant experience for both consumers…
LuLu Financial Holdings partners with ABHI to cross-border remittance solutions
LuLu Financial Holdings, a leading global financial services conglomerate, has partnered with Abhi Middle East Limited to enhance financial inclusion and improve access to timely remittance solutions. As part of…
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…
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