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…
AlHuda Centre of Islamic Banking and Economics (CIBE) has projected a promising outlook for the Islamic finance industry in 2025, with assets anticipated to surpass the $5 trillion milestone. This…
JazzCash, Pakistan's leading fintech platform, has launched Buy Now, Pay Later (BNPL), a convenient alternative to traditional credit cards. The service is now available in retail stores for the electronics shopping platform Telemart and…
JS Bank, recognized as one of Pakistan’s fastest-growing financial institutions, has announced the launch of its Priority Banking services, a tailored offering designed to meet the diverse needs of its…
Bank Makramah Limited (BML) shareholders overwhelmingly approved the Scheme of Arrangement for the bank's restructuring in their Extraordinary General Meeting held on December 26, 2024. The scheme, filed before the…
After pledging to plant 100,000 trees to combat the impact of climate change, Bank Alfalah, one of the largest commercial banks in Pakistan, has partnered with WWF-Pakistan for another initiative,…
Meezan Bank, Pakistan’s leading Islamic bank, and Arif Habib Limited, a leader in investment banking, have recently partnered to enhance the investor experience in Pakistan. The collaboration is marked by…
The State Bank of Pakistan (SBP) has released its Quarterly Payment Systems Review for Q1 FY25, highlighting significant strides in Pakistan’s journey toward a cashless and digitally inclusive economy. Covering…
P&G Pakistan, Imtiaz Group, Pakistan’s largest retailer, and Akhuwat Islamic Microfinance, a leading not-for-profit organization, have signed a Memorandum of Understanding (MoU) today to empower women micropreneurs through interest-free loans.…
This initiative marks a revolutionary development resulting from the significant meetings held by Senator Rubina Khalid, Chairperson of the Benazir Income Support Programme (BISP), and Amer Ali Ahmad, Secretary of…
State Bank of Pakistan has launched the new eCIB System (V2), an advanced version of its Electronic Credit Information Bureau (eCIB). The new system will become operational w.e.f. January 1,…
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,…
Standard Chartered Bank (Pakistan) Limited (“Standard Chartered”) has partnered with Haball, the leading provider of digital supply chain payments solutions and Hutchison Ports KICT to automate and digitalise its payment…
Ufone 4G, a leading Pakistani telecommunications service provider, and Jubilee Insurance, a renowned insurance company, are proud to announce their partnership to launch the JGI Insurance Products for Ufone 4G…
Faysal Bank Limited (FBL), one of Pakistan's leading Islamic banks, has been honoured by the State Bank of Pakistan (SBP) under its Pakistan Remittance Initiative (PRI) as the Fastest-Growing Bank…
Business leader and former President of the Islamabad Chamber of Commerce and Industry (ICCI), Dr Shahid Rasheed Butt, on Tuesday, lauded the interest rate cut, which will trigger economic activities,…
Ahmed Azeem Alvi, President of the SITE Association of Industry Karachi, has called the State Bank of Pakistan's reduction in interest rates by only 200 basis points (2%) disappointing. Despite…
In today’s Monetary Policy Committee (MPC) meeting, the State Bank of Pakistan (SBP) decided to reduce the policy rate by 200bps to 13%. Key Takeaways: § For FY25, Pakistan’s total external…
Syed Mazhar Ali Nasir, former Senior Vice President of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) and Member of the Core Committee of the United Business Group…
The Pakistan Vanaspati Manufacturers Association (PVMA) has urged the State Bank of Pakistan (SBP) to bring down the policy interest rate to single digits in its upcoming Monetary Policy Committee…
The Chairman of the Pakistan Tanners Association (PTA), Mr Hamid Arshad Zahur, urged the SBP to reduce the interest rate by at least 500 Basis points at the next monetary…
Former Chairman of the Pakistan Stock Exchange (PSX), Haji Ghani Usman, has urged the government to reduce the policy rate by 500 basis points to foster economic growth. In a…
S.M. Tanveer, Patron-in-Chief of United Business Group and Businessmen Panel Pakistan (UBG-BMPP), has called on the government to support economic growth by announcing a one-time reduction of 500 basis points…
