“Cut interest rates to revive rconomy,” Syed Mazhar Ali Nasir
Syed Mazhar Ali Nasir, Former Senior Vice President of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) and Vice Chairman of UBG Sindh Region has appealed to the…
Meezan Bank and Mastercard strengthen strategic partnerships with enhanced offerings for customers across Pakistan
Meezan Bank, Pakistan’s leading Islamic bank and Mastercard have announced the renewal of their strategic partnership. This collaboration, formalized through a Memorandum of Understanding (MoU) signed by Syed Amir Ali…
Third in a row: 150bps cut is expected in the next policy announcement
The State Bank of Pakistan is scheduled to announce its monetary policy on September 12, 2024. We anticipate a 150bps cut, bringing the policy rate down to 18%— a level…
Pakistan has an estimated 4 million freelancers in the country
Zindigi, powered by JS Bank, has contributed significantly to the ecosystem of freelancers in Pakistan by launching its US Dollar-Based Freelancer Account, designed to empower Pakistan's burgeoning freelancer community. With…
Bank Alfalah renovates protectorate of emigrants Karachi Office
Bank Alfalah completed a comprehensive branding and renovation initiative at the Protectorate of Emigrants (PE) Karachi Office to enhance the experience of overseas workers going abroad for employment. To mark…
Dr Gohar Ejaz, urged reducing interest rates by 4% in next Monetary Policy meeting
The former caretaker federal minister and chairman of FPCCI Economic Think Tank, Dr Gohar Ejaz, urged reducing interest rates by 4 percent in the next Monetary Policy meeting. Ejaz, who…
Faysal Bank secures a Silver Dragon Award
Dragons of Pakistan: The “Dragons of Pakistan,” an extension of the international “Dragons of Asia,” is considered one of the country's most definitive and credible Marketing and Advertising Awards. It celebrates…
Mobilink Bank and CARE Pakistan join forces to empower 50,000 women.
Pakistan’s leading digital microfinance bank, Mobilink Bank, has joined forces with CARE Pakistan to unlock the potential of 50,000 women through the Strive Women program. Under this partnership, Mobilink Bank…
Telenor Microfinance Bank achieves record PBT of Rs 2.6 billion in H1 2024
The Board of Directors of Telenor Microfinance Bank (TMB), in its meeting held on August 22, 2024, approved the Bank’s financial results for the half year ended June 30, 2024.…
NBP demonstrates yet another period of remarkable performance in HI2024,
The Board of Directors of the National Bank of Pakistan, “NBP,” “the Bank,” met yesterday to approve the interim condensed financial statements for the half-year ended June 30, 2024. Demonstrating…
foodpanda announces strategic partnership with Visa to drive online payments
foodpanda, Pakistan's leading online delivery platform, is proud to announce a strategic partnership with Visa, a world leader in digital payments. The partnership is designed to accelerate the adoption of…
BankIslami’s profit before tax surged by 66.2% for HI2024
BankIslami continues its growth trajectory, delivering substantial returns to its shareholders with a remarkable 66.2% increase in profit before tax for the half-year ended 2024. The Bank's profit before tax…
Pak-Qatar Group achieves ISO/IEC 27001:2022 certification
Pak-Qatar Group is proud to announce its achievement of ISO/IEC 27001:2022 certification, demonstrating its commitment to rigorous standards in Information Security Management Systems (ISMS). This certification, issued by Risk Associates,…
She’s Next Club: Visa’s initiative to boost entrepreneurship among Pakistani Women
Following the successful launch of the first edition of the She’s Next global advocacy program in Pakistan, Visa, a world leader in digital payments, will initiate the She’s Next Club…
SLIC Summit 2024: Unveiling new digital services and showcasing industry leadership
The State Life Insurance Corporation of Pakistan (SLIC) hosted the SLIC Summit 2024, a pivotal occasion marking the official launch of its cutting-edge digital services and communication framework. The event…
Faysal Bank and CIRCLE launched the Khud Mukhtar Internship Programme.
In collaboration with CIRCLE, Faysal Bank Limited (FBL) has launched the Faysal Khud Mukhtar internship program (FKIP), a groundbreaking initiative to foster inclusivity and women's empowerment in Pakistan's workforce. Through…
SMEDA plans to make SMEs bankable for easy and increased access to finance.
The Small and Medium Enterprises Development Authority (SMEDA), under the direction of the Federal Minister of Industries Rana Tanveer Hussain and the Federal Minister of Finance Senator Muhammad Aurangzeb, has…
EFU General Partners with Faysal Bank to Launch “Mehfooz Ghar Takaful Plan”
EFU General in collaboration with Faysal Bank Limited (FBL) is proud to announce the launch of the "EFU Mehfooz Ghar Takaful Plan," a groundbreaking house takaful plan designed to provide…
EFU General partners with Easypaisa to introduce a transactional insurance combo product.
EFU General and EFU Life have partnered with Easypaisa, Pakistan’s leading digital financial services platform, to introduce transactional insurance. This unique product offering, integrated within the Easypaisa app, combines the…
Zindigi Partners with Local Government to Digitize Waste Management Companies
Today, a significant milestone was achieved in Lahore by signing Memorandums of Understanding (MOUs) between Zindigi- Powered by JS Bank and the Waste Management Companies across Punjab. Punjab Minister for…
Allied Bank Limited posts highest-ever quarterly PAT recorded in 2Q
ABL announced earnings today for 2QCY24 at PKR 12.5bn (EPS: PKR 10.9), depicting an uptick of 25% YoY | 7% QoQ. For 1HCY24, total earnings amounted to PKR 24.1bn, marking…
Bank Makramah to empower the future of banking with Novus Suite.
Bank Makramah Limited (BML) has entered into an agreement with Avanza Solutions to strengthen its digital transformation initiatives. This demonstrates its dedication to implementing cutting-edge technologies to enhance customer interactions…
Mobilink Bank revolutionizes financial independence for women
Pakistan’s leading digital microfinance bank, Mobilink Bank, has launched an easy-to-use in-app inheritance calculator accessible through its Dost app. The cutting-edge financial tool is designed to empower individuals, especially women,…
easypaisa unveils enhanced credit score to elevate financial literacy
easypaisa has launched an enhanced credit score visibility feature designed to elevate financial awareness and empower users to manage their financial health. This cutting-edge feature provides unprecedented access to users’…
Pakistan current account deficit reaches USD162mn in Jul’24
Pakistan’s current account deficit was USD162mn during July ’24, declining by 78%YoY/48%MoM. The service deficit declined by 39%YoY/61%MoM to USD159mn, along with an improvement in the balance of primary income.…