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…
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…
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,…
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,…
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 (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, 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, 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…
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…
State Life Insurance Corporation of Pakistan (SLIC), the nation’s largest and most trusted life and health insurer, has entered into a strategic partnership with JS Bank, one of the fastest…
In a move to support women’s health and financial well-being, JS Bank, through its women-focused banking platform JS Her, has launched Pakistan’s first dedicated maternity insurance, offering care and coverage…
BankIslami, one of Pakistan’s fastest-growing Islamic financial institutions, has acquired the 32-storey Altitude Tower in Karachi to serve as its new national headquarters. This acquisition reflects the Bank’s expanding footprint,…
Workers’ remittances recorded an inflow of US$ 3.2 billion during April 2025. In terms of growth, remittances increased by 13.1 percent on y/y basis. Cumulatively, with an inflow of US$…
Daraz Pakistan, the country’s leading e-commerce platform, has announced a strategic partnership with UnionPay International, a global leader in digital payments, to accelerate the adoption of seamless and secure online…
The total liquid foreign reserves held by the country stood at US$ 15,482.6 million as of 02-May-2025. The break-up of the foreign reserves position is as under: Foreign reserves held…
President Hyderabad Chamber of Small Traders & Small Industry (HCSTSI), Muhammad Saleem Memon, has termed the Monetary Policy announced by the State Bank of Pakistan on May 5, 2025, as…
Former Chairman of the Rice Exporters Association of Pakistan (REAP) and Convener of the FPCCI Standing Committee on Energy, Rafiq Suleman, appreciated the State Bank of Pakistan’s decision to cut…
Bank Alfalah launched the country's first human resources hiring and remote working app, Worklee. The application is designed to create diversified, inclusive and accessible employment opportunities for all segments of…
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President Karachi Chamber of Commerce & Industry (KCCI) Muhammad Jawed Bilwani has termed the State Bank of Pakistan’s decision to reduce the policy rate by 1 percent, bringing it down…
Atif Ikram Sheikh, President FPCCI, has informed that the business, industry, and trade community of Pakistan is disappointed with the monetary policy as it continues to be based on a…
Chairman of the Pakistan Vanaspati Manufacturers Association (PVMA), Sheikh Umer Rehan, has welcomed the State Bank of Pakistan’s decision to reduce the policy rate by 100 basis points, bringing it…
Ahmed Azeem Alvi, President of SITE Association of Industry, has expressed disappointment over the State Bank of Pakistan's (SBP) mere 100 basis points reduction in the policy rate, demanding the…
Dubai Islamic Bank Pakistan Limited (DIBPL), a wholly-owned subsidiary of Dubai Islamic Bank UAE (DIB), is pleased to announce the appointment of Mr. Muhammad Ali Gulfaraz as its new Chief…
At its meeting today, the Monetary Policy Committee (MPC) decided to cut the policy rate by 100 bps to 11 percent, effective from May 6, 2025. The Committee noted that…