As per decision of the Federal Government the State Bank of Pakistan (SBP) will observe six days working week with the following office hours during the month of Ramadan-ul-Mubarak, which…

Faysal Bank Limited, the best emerging Islamic bank in Pakistan & TPL Life Insurance (Window Takaful Operations) (TPLL), Pakistan's 1st InsurTech, have joined hands to offer "Women Takaful Coverage" to…

Bank Alfalah, one of Pakistan's leading financial institutions has joined hands with Jubilee general insurance, the country's premier insurance solution provider to form a strategic alliance that will enable a…

Mr. Irfan Iqbal Sheikh, President FPCCI, has expressed his profound disappointment and concerns over an unexpected and massive hike in the key policy rate, i.e. 250 bps by the Monetary…

Mr. Asif Peer, CEO and Managing Director at Systems Limited, and Mr. Najeeb Agrawalla, CEO at 1LINK, joined hands to accelerate business transformation efforts through informed data-driven technology, contributing to…

President of Korangi Association of Trade and Industry (KATI) Salman Aslam has expressed concern over the sudden increase in interest rate by SBP by 2.5% and setting the policy rate…

The total liquid foreign reserves held by the country stood at US$ 17,476.9 million as of 01-April-2022. The break-up of the foreign reserves position is as under:- Foreign reserves held…

Bank Alfalah has partnered with Pakistan Freelancers Association (PAFLA) to facilitate digital payments and collections for freelancers. Under the partnership, PAFLA will acquire the ability to enable freelancers in selling…

Meezan Bank, Pakistan's leading Islamic bank has recently signed an agreement with Sui Northern Gas Pipelines Limited (SNGPL), the largest integrated gas company in North Central Pakistan, to enable digitalization…

Meta is collaborating with the National Institute of Banking and Finance (NIBAF), a subsidiary of the State Bank of Pakistan (SBP) to train and up-skill Pakistani women entrepreneurs in order…

Mashreq Bank, one of the leading financial institutions in the United Arab Emirates, has appointed Alexander Raiff as its new Group Head of Technology, Transformation and Information, starting on 1st…

Mr. Muhammad Afaq Khan has been appointed as the new President of MCB Islamic Bank Limited by the Board of Directors of the Bank. Mr. Raza Mansha, Chairman of the…

BankIslami, the country's leading Islamic financial institution, sponsored one of the most popular festival dedicated to food and entertainment which came full circle with its final event in Lahore from…

The Islamic Banking Industry (IBI) has reached new peaks during CY21 as its assets surpassed the 5 trillion mark to reach Rs5,577 billion with the highest ever increase of Rs1,308…

The 73rd Annual General Meeting of National Bank was held today at Karachi and was also open for participation through online electronic means. The meeting was attended by the Chairman…

State Bank of Pakistan (SBP) has granted Careem Pay with In Principle Approval (IPA) for an Electronic Money Institution (EMI) license in Pakistan The license will enable Careem Pay to…

The IPG Group Pakistan, a leading sports marketing and international events company and a renowned name in remittance initiative events is facilitating the launch of Roshan Digital Account (RDA) drive…

· Banking sector spread for Feb'22 stood at 4.61% - the highest in 16 months as interest rate hikes in the last quarter of the previous year began to affect…

The State Bank of Pakistan has suspended with immediate effect the authorization of an Exchange Company namely M/s Noble Exchange International (Pvt) Limited till further orders for violation of SBP…

HBL & MCB BANK participate in the Pakistan day event held by the Pakistan Consulate for Riyadh, KSA on 23rd March, 2022 VIP attendance was made by His Excellency, Ameer…

Governor State Bank of Pakistan, Dr. Reza Baqir unveiled a report titled 'SDGs and sustainability report – Pakistan banking sector perspective' in Dubai on March 23, 2022. The report was…

The largest digital bank of Pakistan, Mobilink Microfinance Bank Limited (MMBL) is ushering in unparalleled enablement for Pakistani traders and merchants by allowing them to book inventory on credit, via…

Meezan Bank - Pakistan's first and largest Islamic bank has successfully instituted an Islamic alternate to Inland Bill Discounting Facility for Huawei Technologies Pakistan (Pvt.) Limited – a first-of-its-kind transaction…

In an overwhelming response to the first ever Mera Pakistan Mera Ghar (MPMG) Mela organized by State Bank in Faisalabad, banks logged in applications of Rs18 billion from applicants. In…

We raise our CY22/23f EPS estimates for MEBL by 10%/5% as we build higher margins and a larger balance sheet. This is partly offset by higher admin costs while we…