The total liquid foreign reserves held by the country stood at US$ 9,937.5 million as of 12 May 2023. The break-up of the foreign reserves position is as under: Foreign…

Standard Chartered Bank Pakistan Ltd. and Mastercard have signed an exclusive strategic partnership to accelerate payment innovation in Pakistan. This partnership is expected to expand the Bank's existing offerings and…

MCB Bank Limited (MCB), one of Pakistan's leading banks, has launched a technology upgrade of its existing ATM network, with over 1,000 state-of-the-art ATMs to be installed across 500 cities…

The State Bank of Pakistan (SBP), on May 17, 2023, has cancelled the authorisation/license of M/s. Noble Exchange International (Pvt.) Limited on account of contraventions of the relevant laws and…

EFU General Insurance sponsored and participated in the 11th International Women Leader Summit 2023. At EFU, we believe it is essential to participate in events like the Women Leaders' Summit.…

EFU General Insurance has been conferred with the '12th Annual Fire Safety Award 2022'. EFU General Insurance ensures to apply of HSE goals with the aim of continuous progress for…

Glimpses of EFU General's 90th Anniversary Celebrations and Corporate Dinner 2023. Our journey: From humble beginnings to a thriving businesses, we proudly celebrate 90 years of innovation, growth, and success.…

EFU General Insurance Limited has been recognised for its outstanding corporate social responsibility (CSR) achievements. The company was awarded the CSR Award 2023 by the National Forum for Environment and…

Telenor Microfinance Bank (TMB), operator of Pakistan's leading digital financial services platform, easypaisa, has reported its financial results for Q1 2023, showcasing a strong performance despite challenging economic conditions. TMB's…

National Institute of Banking and Finance (NIBAF), a subsidiary of State Bank of Pakistan, in collaboration with Ministry of Foreign Affairs organized a 5-day training program on 'Digital Payments Landscape…

HBL Microfinance Bank (HBL MfB) has announced its partnership with Special Communications Organisation (SCO) to establish and operate the first-ever Software Technology Park (STP) in Skardu, Gilgit-Baltistan. HBL Microfinance Bank…

ABHI, a growing embedded finance platform in the MENAP region, announces it has made history by issuing Islamic bonds worth PKR 2 billion (US$7.1 million). The bond issue is a…

The total liquid foreign reserves held by the country stood at US$ 9,990.4 million as of 05 May 2023. The break-up of the foreign reserves position is as under: Foreign…

Workers' remittances recorded an inflow of US$2.2 billion during April 2023. Regarding growth, during April 2023, workers' remittances decreased by 12.9 percent on m/m basis. Cumulatively, with an inflow of US$ 22.7 billion,…

Al Meezan Investment Management Limited, Pakistan's largest fund manager with Assets under Management of over PKR 295 Billion, including discretionary portfolios, has partnered with easypaisa, Pakistan's leading digital financial services…

Mobilink Bank (MMBL) reported its financial results for Q1 2023, demonstrating strong business resilience in the face of challenging economic conditions. The Bank's unaudited financial statements indicate a remarkable 48%…

Paymob, the leading financial services enabler in the Middle East, North Africa and Pakistan (MENA-P) and Pakistan's largest interbank network, 1LINK, have announced a partnership agreement to power instant online…

Bank Alfalah has signed a Memorandum of Understanding (MOU) with TPL Life and TPL Insurance to provide customized insurance solutions for its Employee Banking Customers. This partnership aims to offer…

FABL announced earnings today for 1QCY23 at PKR 3.3bn (EPS: PKR 2.18), depicting an uptick of 50% YoY, while a decline of 9% QoQ (4QCY22 EPS: PKR 2.38). The rise…

BankIslami Pakistan Limited ('the Bank' or 'BankIslami') announced its financial results for the quarter ended March 31, 2023 registering a notable increase of 262% in profit before tax i.e. Rs.…

Habib Bank Limited (HBL) posted its 1QCY23 earnings earlier today, where the bank announced NPAT of PkR13.3bn (EPS: PkR9.0)-in line with our estimates. The earnings showed growth of 23%QoQ and…

The total liquid foreign reserves held by the country stood at US$ 10,024.3 million as of 20-Apr-2023. The break-up of the foreign reserves position is as under: Foreign reserves held…

The Board of Directors of MCB Bank Limited (MCB), in its meeting held under the Chairmanship of Mian Mohammad Mansha on April 27, 2023, reviewed the performance of the Bank…

Highlights: Profit before tax of PKR 16.1 billion, up 37 per cent year on year Total revenue of PKR 20.4 billion, growth of 43 per cent Healthy increase in net…