SBP has received about US$1.3 billion under the IMF’s EFF and RSF programs
The IMF Executive Board completed its third review under the Extended Fund Facility (EFF) during a meeting held on May 8, 2026. The Board approved a disbursement of SDR 760…
SBP releases Half- Year Report FY26 on The State of Pakistan’s Economy
Pakistan’s macroeconomic stability strengthened further in H1-FY26, despite headwinds from global trade-related uncertainty and domestic floods, according to the State of Pakistan’s Economy, Half Year Report FY26, released today by…
Payoneer reports strong Q1 2026 growth, supporting Pakistan’s Digital Economy
Payoneer (NASDAQ: PAYO) announced its Q1 2026 financial results, reporting $262 million in revenue, a 6% year-over-year increase. Excluding interest income, revenue grew 11%. The company achieved nearly $23 billion…
easyPaisa Bank announces its best Q1 2026 results, with a PBT of PKR 3.66 billion
easypaisa digital bank achieved a historic performance in Q1 2026, reporting a profit after tax of PKR 1.49 billion and earnings per share of Rs. 2.47. Profit before tax surged…
NBP receives approval for Raast P2M acquiring launch
The National Bank of Pakistan (NBP) has received approval for the commercial launch of Raast Person-to-Merchant (P2M) Acquiring, a significant step in its digital payments initiative and Pakistan's shift towards…
Zong, Mashreq Bank partner for digital telecom access
Zong, Pakistan's leading Technology Service Enterprise, has partnered with Mashreq Bank Pakistan to integrate telecom services into Mashreq’s digital banking ecosystem. This collaboration allows Mashreq customers to access Zong services,…
Pakistan sees an 11.4% YoY rise in remittances to $3.5 billion in April 2026
Workers’ remittances to Pakistan reached US$3.5 billion in April 2026, marking an 11.4 percent increase compared to the same month last year, according to data released by the State Bank…
easypaisa Bank delivers record Q1 2026 results with profit before tax of PKR 3.66 Bn
easypaisa digital bank delivered a record-breaking quarter, further strengthening its leadership as Pakistan’s first digital retail bank. For the quarter ended March 31, 2026, the Bank reported a profit after tax…
Faysal Bank & Avanza strengthen digital collaboration
Faysal Bank, one of the leading and most innovative Islamic banks in the country, has further reinforced its strategic partnership with Avanza Solutions in the digital banking space. Faysal Bank’s…
Pakistan’s foreign reserves edge higher
Pakistan’s total liquid foreign exchange reserves stood at US$ 21,293.5 million as of April 30, 2026, according to the latest data released by the State Bank of Pakistan (SBP). The…
NBP launches NBP SmartPay to revolutionize digital payments for businesses
National Bank of Pakistan proudly announces the launch of NBP SmartPay, a state-of-the-art digital payment platform designed to transform the way businesses manage their financial transactions. NBP SmartPay is a comprehensive…
Mashreq reports strong Q1 2026 results with robust growth in key metrics
Mashreq Bank PSC (MASQ), a prominent financial institution in the MENA region, reported a solid first-quarter performance for 2026, with Operating Income of AED 3.4 billion and Net Profit Before…
Financial system’s performance and resilience remained steady: SBP
The State Bank of Pakistan (SBP) has issued its annual flagship publication, the Financial Stability Review (FSR), for CY25. The FSR presents performance and risk assessments for various segments of…
FCEPL and SLIC secure financial safety for over 1,500 farmers and families
FrieslandCampina Engro Pakistan Limited (FCEPL) has partnered with State Life Insurance Corporation of Pakistan (SLIC) to launch a life insurance program for over 1,500 dairy farmers and their families. This…
LUMS Collaborates with Allied Bank to advance Robotics Innovation in Banking
The Lahore University of Management Sciences (LUMS), through its CHISEL Lab, has entered into a strategic research and development collaboration with Allied Bank to explore the potential of robotics and…
BankIslami and aik collaborate with Paklaunch to exhibit at UNConference ‘26
BankIslami and its digital banking platform, aik, partnered with Paklaunch for UNConference ‘26, bringing together founders, investors, and policymakers to discuss Pakistan's startup ecosystem, particularly in Fintech and digital investment…
Digital innovation and policy reforms driving Pakistan’s digital banking transformation
At the Money20/20 Asia panel discussion, Farhan Hassan, Chief Digital Officer at easypaisa digital bank, highlighted the multifaceted drivers of Pakistan's digital banking transformation. Financial inclusion rates improved from 47%…
Jubilee Life Insurance and Kashf Foundation to boost women’s financial resilience
Jubilee Life Insurance, along with Kashf Foundation and UNDP, has launched the “Khushal Mustaqbil Takaful (KMT),” a micro-savings and protection product designed to enhance financial resilience for women in underserved…
ABHI Microfinance Bank to offer employee banking solutions to REDtone Group
ABHI Microfinance Bank Ltd. has partnered with REDtone Group to enhance Employee Banking Services for its workforce. A Memorandum of Understanding (MOU) was signed by Asif Iqbal, CFO of REDtone…
Urgent to promote alternative dispute resolution for banking defaults
Mian Zahid Hussain, President of the Pakistan Businessmen and Intellectuals Forum & All Karachi Industrial Alliance, has praised the Law and Justice Commission of Pakistan for emphasizing Alternative Dispute Resolution…
Govt raises Rs114 billion through Hybrid Sukuk Auction
The Government of Pakistan on Wednesday raised Rs114.347 billion through the third auction of its Hybrid Sukuk, marking the second such issuance this month, amid strong investor demand for Shariah-compliant…
Visa reports 80% rise in Pakistan’s seasonal spending in Ramadan and Eid-ul-Fitr
Visa announced a significant 80% year-over-year increase in spending on premium consumer cards during Ramadan, peaking around Eid Al-Fitr. Total spending rose by 10% during the Eid period. **Key Insights:**…
S.M. Tanveer warns of “economic suffocation” after 100-basis-point interest rate hike
S.M. Tanveer, Patron-in-Chief of the United Business Group (UBG) and a leading business figure, has condemned the recent 100-basis-point increase in interest rates, arguing that such a drastic measure is…
KCCI terms SBP’s 1 percent interest rate hike imprudent, warns of rising business costs
President Karachi Chamber of Commerce and Industry (KCCI), Muhammad Rehan Hanif has expressed sheer disappointment and serious concern over State Bank’s decision to increase the key policy rate by 100…
KATI President states that a 1% increase in interest rates will negatively affect industrial growth
Korangi Association of Trade and Industry (KATI) President Muhammad Ikram Rajput has expressed disappointment over the State Bank of Pakistan’s Monetary Policy Committee decision to raise the policy rate from…