Mobilink Bank, Pakistan's leading digital microfinance bank, won three accolades at the FinanceAsia Awards 2026: Best Digital Bank, Best Bank for Financial Inclusion, and Best Bank for Use of Technology.…
DIB Pakistan has signed a PKR 6 billion Musharakah financing facility with Pakistan Mortgage Refinance Company Limited (PMRC) to expand access to affordable Islamic housing finance and support sustainable homeownership…
Standard Chartered Pakistan has appointed Adil Salahuddin as Chief Executive Officer & Head of Coverage, pending regulatory approvals. Rola Abu Manneh, CEO for UAE, Middle East, and Pakistan, stated that…
BankIslami has teamed up with EFU Life Assurance and EFU General Insurance to offer affordable microtakaful protection through its mobile banking app. Customers can enroll, pay, and claim coverage for…
ABHI Microfinance Bank has entered into a strategic partnership with Saif Group to introduce its Earned Wage Access (EWA) solution for the Group's workforce. The collaboration marks another step towards…
Faysal Bank (FBL) has initiated a rural financial inclusion drive in Papnakha Village, Gujranwala, as part of ongoing efforts aligned with the State Bank of Pakistan’s National Financial Inclusion Strategy…
The total liquid foreign reserves held by the country stood at US$ 23,988.7 million as of 3-Jul-2026. The breakdown of the foreign reserves position is as follows: Foreign reserves held…
For the second consecutive year, BankIslami has been awarded Pakistan’s Best Islamic Digital Bank by Euromoney, reflecting its commitment to innovation and technology in Shariah-compliant banking. This recognition follows the…
Karandaaz Pakistan and DigiKhata Financial Services (DKFS) have signed a strategic partnership to launch an Embedded Finance Facility (EFF). This is a first-of-its-kind initiative that turns everyday merchant payments into…
Bank Alfalah, a leading commercial Bank, has successfully raised PKR 20 billion through the issuance of a AAA-rated Tier 2 Term Finance Certificate (TFC), marking the largest TFC issuance in…
The Pakistan Banks Association (PBA) recently wrapped up the second Pakistan Banking Summit 2026 (PBS'26), reaffirming the banking sector's united dedication to advancing Pakistan's upcoming economic development through enhanced collaboration,…
The State Bank of Pakistan (SBP) reported that workers’ remittances stood at US$ 3.5 billion in June 2026, reflecting a modest 2 percent year-on-year increase, while marking an 18.3 percent…
ABHI Microfinance Bank has partnered with Islamabad Feeds to introduce Advance Salary facilities for its employees, reaffirming its commitment to delivering innovative digital financial solutions that improve employees' financial well-being…
Mian Zahid Hussain, President of the Pakistan Businessmen and Intellectuals Forum (PBIF) & All Karachi Industrial Alliance (AKIA), Chairman of the National Business Group Pakistan (NBG), Chairman of the FPCCI…
Chairman of the Exchange Companies Association of Pakistan (ECAP), Malik Muhammad Bostan, has said that the ongoing crackdown on Hawala/Hundi and illegal currency trading has significantly strengthened the Pakistani rupee,…
DIB is pleased to announce the successful completion of USD 101 million in financing for D.G. Khan Cement Company Limited (DGKC) to facilitate the acquisition of Rafhan Maize Products Company…
The Pakistan Credit Rating Agency Limited (PACRA) has upgraded easypaisa digital bank’s long-term credit rating from A+ to AA-, highlighting its position as Pakistan’s leading digital bank following its transformation…
Lucky Investments Limited ("Lucky Investments") announced the recent launch of the Lucky Islamic Dividend Yield Fund (LIDYF), an open-end Shariah-compliant equity fund designed to provide investors with competitive Halal returns…
Bank Alfalah Limited and British International Investment (BII), the UK’s development finance institution and impact investor, have signed a USD 50 million senior term loan facility to support and scale…
Pak-Qatar Family Takaful Limited has been awarded a global accolade at the 14th International Takaful Summit 2026, held in London, England, in recognition of surpassing Pakistan's Takaful growth ceiling through…
Karandaaz Pakistan has partnered with D-Tech & Consultancy Private Ltd. (DTC) to develop a customer-friendly solution named ‘My Intelligent Assistant’ (MIA) for enriching its ‘AI in Digital Payments Program’. ‘MIA’…
Visa (NYSE: V) announced the launch of the Visa Threat Intelligence Platform (VTIP), a new solution that helps financial institutions detect and respond to cyber threats that can lead to…
LogiServe, the fintech arm of SLGTrax (PSX: SLGL), Pakistan's first integrated 4PL platform, has entered into a Lending Facility Agreement with Mobilink Microfinance Bank (MMBL) to enhance access to digital…
Visa recently announced new AI, stablecoin, and token capabilities to enhance commerce across the CEMEA region. Tareq Muhmood, Regional President, emphasized that commerce is evolving to be more intelligent and…
ABHI Microfinance Bank has entered into a strategic partnership with Airlink Communication and its subsidiary, Select, to accelerate access to digital devices through innovative Buy Now, Pay Later (BNPL) financing…
