FPCCI demands an extension of 30 days in return filing.
Mr. Atif Ikram Sheikh, President of FPCCI, has highlighted the technical difficulties and delays in filing income tax returns and recommended an extension of 30 days as a special case…
IMF’s Executive Board approves EFF of USD 7bn
IMF has approved a 37-month Extended Fund Facility for Pakistan amounting to SDR 5.32bn (~USD 7bn), the second highest amount ever agreed upon under any IMF program regarding SDRs. Following this…
Faysal Bank partners with Mastercard and 1LINK to launch Shariah Compliant Co-Badged Debit Card
In a landmark move set to reshape the digital payments landscape in Pakistan, Faysal Bank Limited (FBL) has entered into a strategic partnership with Mastercard, a global leader in payment…
Faysal Bank partners with IFC to Establish Trade Finance Guarantee Facility
Faysal Bank Limited (FBL) is pleased to announce a new strategic partnership with the International Finance Corporation (IFC), a member of the World Bank Group, under IFC’s Global Trade Finance…
Bank Alfalah receives prestigious global recognition at the GIFA 2024
Bank Alfalah, a leading commercial bank in Pakistan, has earned international acclaim by winning two awards at the 2024 Global Islamic Finance Awards (GIFA), highlighting its position as a leader…
Qist Bazaar raises US$3.2m ‘Series A’ Funding
Qist Bazaar, Pakistan’s Buy Now Pay Later (BNPL) fintech startup, has secured US$3.2 million in its Series A funding round. The round was led by Indus Valley Capital, with participation…
Mashreq Bank Pakistan concludes the ‘Climb2Change’ initiative by removing 1.727 tons of waste.
Mashreq Bank Pakistan has announced a salient feature of their success story, “Climb2Change”, to a select media personality in a luncheon media briefing in a local hotel today. Fernando Morillo,…
Jubilee Life Insurance Accelerates Net Zero Transition with Spectreco
In a pioneering move towards sustainability, Jubilee Life Insurance, Pakistan’s largest private sector insurance company, has partnered with Spectreco to spearhead its transition to Net Zero. This step sets a…
Inflation expected at 7.9% YoY during September 2024
September 2024 inflation is expected at 7.9% YoY vs. August 2024 inflation of 9.6%. M/M inflation is expected to be around 0.3%, at the same pace as last year. We expect…
Standard Chartered announces the launch of SCWomenInTech Cohort 6
Standard Chartered Pakistan launched the 6th Cohort of the Standard Chartered Women in Tech programme (WiT) in partnership with INNOVentures Global (Pvt.) Limited. This programme was first launched in Pakistan…
Economic stagnation will not end amid high interest rates: Mian Zahid Hussain.
The Chairman of the FPCCI Advisory Board and National Business Group Pakistan, the President of the Pakistan Businessmen and Intellectuals Forum and All Karachi Industrial Alliance, and former provincial minister…
Mobilink Bank bags ‘Best Digital Banking Services’ Award at CFA
Pakistan’s leading digital microfinance bank, Mobilink Bank, has secured the prestigious title of ‘Best Digital Banking Services’ (Microfinance Category) at the 21st Annual Excellence Awards hosted by CFA Society Pakistan.…
JS Global Capital shines at the 21st Annual Excellence Awards by CFA Society Pakistan
JS Global Capital Limited (JSGCL), Pakistan’s premier investment firm, has further elevated the industry benchmark with a historic and unprecedented win in all 5 awards under the Brokerage category at…
PQAMC announces dividend of PKR 1.6137 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, Pakistan’s Pioneer and Premier Islamic financial services group. PQAMC…
SAI Chief calls for clear roadmap and single-digit unterest rates
Muhammad Kamran Arbi, President of the Site Association of Industry (SAI), has criticized the State Bank of Pakistan's (SBP) recent 2% cut in the interest rate, arguing that a more…
United Business Group demands immediate 3% further cut in interest rate by State Bank.
The President of United Business Group (UBG) Zubair Tufail, Chairman of Sindh Region Khalid Tawab, and Secretary General Hanif Gohar, along with central leaders Syed Mazhar Ali Nasir, Momin Ali…
Faysal Bank and Mastercard renew partnership for Faysal Islami Noor Card
Faysal Bank Limited (FBL), one of Pakistan's leading Islamic banks, is pleased to announce the renewal of its strategic partnership with Mastercard. The renewal and expansion of this strategic partnership…
2% cut in interest rate not in line with a declining trend in inflation: KCCI
Acting President Karachi Chamber of Commerce & Industry (KCCI) Altaf A. Ghaffar, while commenting on State Bank’s decision to reduce the interest rate by 2 percent to 17.5 percent, stated…
Pakistan cannot survive without radical reforms
Shahid Rasheed Butt, a former president of the Islamabad Chamber of Commerce and Industry (ICCI), said on Thursday that the government needs to move quickly to address structural issues that…
Mashreq Pakistan’s new shariah board to transform Islamic Banking in the Country
Mashreq Pakistan, a part of Mashreq, the leading financial institution in the MENA region, has announced the formation of the Shariah Board for its operations in Pakistan. Dr. Ahcene Lahsasna…
Trade & industry disappointed with inadequate rate cut: FPCCI
Mr. Atif Ikram Sheikh, President of FPCCI, has informed that Pakistan's business, industry, and trade community is disappointed with the monetary policy as it continues to be based on a…
JS Bank wins the prestigious “2024 USD Clearing Quality Recognition Award” from J.P.Morgan.
JS Bank, one of the fastest-growing banks in Pakistan, has been honored with the 2024 USD Clearing Quality Recognition Award for Outstanding Achievement, presented by J.P. Morgan. The award highlights…
Bank Alfalah partners with UPI to launch Co-Badge PayPak Debit Cards
Bank Alfalah Limited, one of the largest commercial banks in Pakistan, is pleased to announce a strategic partnership with UnionPay International to issue PayPak co-badge debit cards in Pakistan. This…
Reduced business costs and markup to promote industry: Mian Zahid Hussain
The Chairman of the FPCCI Advisory Board and National Business Group Pakistan, the President of the Pakistan Businessmen and Intellectuals Forum and All Karachi Industrial Alliance, and former provincial minister…
Pak-Qatar Family Takaful and Meezan Bank aign agreement to launch Instant Withdrawals Facility
Pak-Qatar Family Takaful Limited (PQFTL), Pakistan’s Pioneer and leading Family Takaful Company and Meezan Bank, Pakistan’s leading Islamic bank, have announced a strategic partnership to revolutionise Pakistan's financial landscape. This…