Salim Valimuhammad, Chairman of the Pakistan Chemicals & Dyes Merchants Association (PCDMA), has rejected the State Bank of Pakistan's 1% reduction in the interest rate, calling it insufficient. He raised…
President of the Korangi Association of Trade and Industry (KATI) Junaid Naqi expressed disappointment over the State Bank of Pakistan’s decision to set the policy rate at .... % in…
Despite Prime Minister Shahbaz Sharif's assurances, the failure to implement a significant reduction in the interest rate is a matter of concern, says Ahmed Azeem Alvi. He added that high-interest…
President Karachi Chamber of Commerce & Industry (KCCI) Muhammad Jawed Bilwani, while expressing strong disappointment over the State Bank of Pakistan's (SBP) decision to implement a nominal reduction of just…
Meezan Bank, Pakistan’s leading Islamic bank, has launched its Foreign Currency (FCY) Debit Card for Pakistani exporters and freelancers who hold an Exporters’ Special Foreign Currency Account (ESFCA) with the…
Adamjee Insurance Company Limited (AICL), Pakistan’s leading insurance provider, proudly announces its strategic partnership with Fauji Fertilizer Company Limited (FFC) to launch the groundbreaking Zarai Tahafuz Programme, a comprehensive crop…
Sheikh Umer Rehan, Chairman of the Pakistan Vanaspati Manufacturers Association (PVMA), has urged the State Bank of Pakistan to lower the interest rate to single digits in the upcoming meeting…
Ahmed Azeem Alvi, President of the SITE Association of Industry Karachi, has called for reducing the policy rate to a single digit in light of the decrease in inflation. He…
Salim Valimuhammad, Chairman of the Pakistan Chemicals & Dyes Merchants Association (PCDMA), has urged the State Bank of Pakistan Governor to reduce the policy rate to a single digit, citing…
We believe a 100bps rate cut is imminent in the next scheduled monetary policy meeting on 27th Jan’25 (the first MPC meeting of CY25). This could lower the policy rate…
Visa (NYSE: V), a world leader in digital payments, today announced a partnership with Meezan Bank, the country’s leading Islamic bank, to unveil a unique proposition designed to empower the…
Mastercard has once again collaborated with foodpanda, a Delivery Hero-owned online food and grocery delivery platform, to boost digital payment in Pakistan and support the nation’s transition toward a cashless…
JS Bank, one of Pakistan’s fastest-growing banks, has partnered with State Life Insurance Corporation (SLIC), the country’s largest life and health insurer, to digitalize premium payment processes. This collaboration, which…
Pakistan has reported a Current Account Surplus of US$582mn in Dec 2024 compared to a surplus of US$684mn recorded in Nov 2024. This takes 1HFY25 surplus to US$1.21bn vs. a…
The Board of Mobilink Bank has announced Haaris Mahmood Chaudhary's appointment as its new CEO. This marks a significant milestone in the Bank’s mission to drive financial inclusion, digital banking,…
Jubilee Life Insurance, Pakistan’s largest private sector insurance company, hosted its second graduation ceremony for the 2024 batch of 'Tech Graduates' at Beach Luxury Hotel Karachi. The event celebrated the…
Muhammad Hamayun Sajjad has recently been appointed an Independent Director on the Board of 1LINK (Pvt.) Ltd. Muhammad is the Chief Executive Officer at Mashreq Pakistan, part of Mashreq, a…
Bank Alfalah, a leading commercial bank in Pakistan, has extended support to The Citizens Foundation (TCF) as part of its Flood Relief Program with the backing of an additional PKR…
Governor of the State Bank of Pakistan, Mr Jameel Ahmad, reaffirmed the central bank’s dedication to increasing financial inclusion through strengthened collaborations with global and domestic stakeholders. Mr. Ahmad shared…
Workers’ remittances recorded an inflow of US$ 3.1 billion during December 2024. In terms of growth, remittances increased by 29.3 % on y/y and 5.6 % on m/m basis. Cumulatively,…
The total liquid foreign reserves held by the country stood at US$ 16,377.8 million as of 03-Jan-2025. The break-up of the foreign reserves position is as follows: Foreign reserves held…
Faysal Bank Limited (FBL), one of Pakistan's leading Islamic banks, has been honoured by the Global Diversity, Equity & Inclusion Benchmark (GDEIB) Awards 2025. The bank secured a remarkable 14…
The National Bank of Pakistan has partnered with Lahore College for Women University (LCWU) to implement a fee collection system on an aggregation model powered by 1-Link. This collaboration introduces…
The total liquid foreign reserves held by the country stood at US$ 16,408.7 million as of 27-Dec-2024. The break-up of the foreign reserves position is as under: Foreign reserves held…
Mashreq Pakistan, part of a leading financial institution in the MENA region, Mashreq, becomes the first to receive a restricted license from the State Bank of Pakistan (SBP) to commence…
