Pakistan’s GDP growth rate is projected to be 2.5–3% for FY25.
Key takeaways from the SBP Governor’s speech at PSX today are as follows; The current level of financial inclusion stands at 64%.The target is to increase financial inclusion to 75%…
Pakistan workers send US$ 4.1 billion in remittances in March 2025
In March 2025, workers’ remittances inflow, at US$4.1 billion, crossed the US$4 billion mark for the first time. Regarding growth, remittances increased by 37.3 percent and 29.8 percent on a…
SBP reserves increased by US$ 23 million
The total liquid foreign reserves held by the country stood at US$ 15,752.7 million as of 04-Apr-2025. The breakup of the foreign reserves position is as follows: Foreign reserves held…
Lucky Investments breaks records with Pakistan’s largest ever IPO by raising over Rs 50 billion
Lucky Investments Limited has made history by executing the largest mutual fund launch in Pakistan. The newly established Asset Management Company raised an unprecedented PKR 50 billion during the Initial…
Bank Alfalah teams up with Swift to enhance security and efficiency
Bank Alfalah, one of Pakistan’s leading commercial banks, has announced a strategic collaboration with Swift to introduce Payment Pre-validation, a cutting-edge solution designed to enhance cross-border payments' speed, accuracy, and…
MEBL pose strong upside potential – experts
We initiate our Meezan Bank Ltd. (MEBL) coverage with a Dec’25 Target Price (TP) of PKR 335, signifying a potential capital gain of 30.45%. The bank also offers a healthy…
Haball raises a US$52 million pre-Series A funding round
Haball (“the Company”), Pakistan’s leading supply chain financing and payments fintech, raises a US$52 million pre-Series A funding round comprising equity investment and a strategic financing allocation. The equity component…
Zahida Habib establishes H.M. Habib Endowment Fund
In a powerful tribute to a legacy of vision and service, Ms. Zahida Habib has established the H.M. Habib Endowment Fund at the Descon Technical Institute (DTI) in memory of…
SBP said it reserves increased by US$ 70 million
The total liquid foreign reserves held by the country stood at US$ 15,579.7 million as of 28-Mar-2025. The break-up of the foreign reserves position is as under: Foreign reserves held…
SBP releases Second Quarterly Payment Systems Review for FY 25
The State Bank of Pakistan (SBP) has released its Quarterly Payment Systems Review for Q2 FY25, providing a summary of payment systems and presenting notable changes in the country’s digital…
BankIslami launches instant cheque encashment service in Pakistan
In a significant move for Pakistan’s banking sector, BankIslami, one of the leading Islamic financial institutions in Pakistan, has launched the country’s first-ever cheque encashment service through Cash & Cheque…
Meezan Bank and ICAP partner to establish Centre for Islamic Finance
Meezan Bank, Pakistan’s leading Islamic bank and The Institute of Chartered Accountants of Pakistan (ICAP) have recently signed a Letter of Intent (LOI) to collaborate on establishing a Centre for…
Successful IMF evaluation and environmental loan welcomed: Mian Zahid Hussain
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,…
PQAMC announces dividend of PKR 0.4141 per unit for its Pak-Qatar Monthly Income Plan
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…
SBP reserves decreased by US$ 540 million
The total liquid foreign reserves held by the country stood at US$ 15,551.0 million as of 21-Mar-2025. The break-up of the foreign reserves position is as under: Foreign reserves held…
Bank Alfalah revolutionizes E-Commerce with AlfaMall on WhatsApp
Bank Alfalah, one of Pakistan's leading commercial banks, has launched AlfaMall on WhatsApp. This groundbreaking e-commerce shopping platform enables customers to browse, select, and purchase products directly within the messaging…
Faysal Bank reaffirms commitment to compassionate care at Indus Hospital
Faysal Bank Limited (FBL), one of the leading Islamic banks in Pakistan, furthered its commitment to community well-being with a notable visit to Indus Hospital & Health Network (IHHN). During…
JS Bank and Al Ansari Exchange launch millionaire campaign for overseas
JS Bank, one of the fastest-growing banks in Pakistan, has strengthened its partnership with Al Ansari Exchange, a leading exchange company in the UAE, to enhance cross-border remittance services. As…
easypaisa Introduces Digital Insurance Marketplace, Offering Free Subscription
easypaisa digital bank has launched its very own digital insurance marketplace, making insurance more accessible, affordable, and convenient for millions of Pakistanis. The platform offers a comprehensive range of coverage…
Mashreq announces the appointment of Syed Jaffar Abbas Shirazi as Head of NEOBiz
Mashreq Pakistan, part of leading financial institution in the MENA region, Mashreq, is pleased to announce the appointment of Syed Jaffar Abbas Shirazi Head of NEOBiz at Mashreq Pakistan. With…
Mobilink Bank wins prestigious GLOMO Award for “The Invisible Heirs’ Campaign”
Pakistan's leading digital microfinance institution, Mobilink Bank, has solidified its standing as a trailblazer in women's financial inclusion and economic empowerment by winning the 'CMO Marketing Campaign Award at the…
MCB Bank partners with Fauree Tech to Transform Digital Supply Chain Financing for SMEs
MCB Bank Limited has announced a strategic partnership with Fauree Tech Pvt. Ltd., a fintech company specializing in digital supply chain finance solutions. This collaboration will expand MCB Bank’s portfolio…
HBL Zarai Services Limited and ZTBL join hands to empower farmers
HBL Zarai Services Limited (HZSL) and Zarai Taraqiati Bank Limited (ZTBL) have signed a Memorandum of Understanding (MoU) to enhance financial inclusion and modern agricultural services for farmers across Pakistan.…
Zindigi launches QR SoundBox
Zindigi, powered by JS Bank, takes another significant step toward smarter payments with the launch of the QR SoundBox, offering real-time audio alerts to simplify and secure transactions for merchants.…
SBP reserves increased by US$ 49 million
The total liquid foreign reserves held by the country stood at US$ 16,015.8 million as of 14-Mar-2025. The break-up of the foreign reserves position is as follows: Foreign reserves held…
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