easypaisa has achieved a groundbreaking milestone by becoming Pakistan’s first Digital Retail Bank to receive commercial approval for regular digital banking operations from the State Bank of Pakistan (SBP) under…
ABHI and TPL have officially completed the acquisition of FINCA Microfinance Bank Limited, a landmark development for the financial services sector. The final signing ceremony occurred in the presence of…
HBL Microfinance Bank (HBL MfB) proudly announces the appointment of Maya Inayat Ismail as the Chairperson of the Board of Directors, succeeding Rayomond H. Kotwal. Maya Inayat Ismail was part of the core strategic…
Bayer Foundation and the Pula Foundation announced last week at the World Economic Forum in Davos, Switzerland, that they plan to provide insurance coverage for 10 million smallholder farmers working with…
Pakistan Telecommunication Company Limited (PTCL), the country's largest ICT services provider, has partnered with PayFast, a State Bank of Pakistan-licensed Payment Service Provider (PSP), to launch an innovative bill payment…
Mr. Atif Ikram Sheikh, President of FPCCI, has apprised that the business, industry and trade community of Pakistan is disappointed with the monetary policy as it continues to be based…
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…