The Board of Mobilink Bank has announced Haaris Mahmood Chaudhary's appointment as its new CEO. This marks a significant milestone in the Bank’s mission to drive financial inclusion, digital banking,…
Jubilee Life Insurance, Pakistan’s largest private sector insurance company, hosted its second graduation ceremony for the 2024 batch of 'Tech Graduates' at Beach Luxury Hotel Karachi. The event celebrated the…
Muhammad Hamayun Sajjad has recently been appointed an Independent Director on the Board of 1LINK (Pvt.) Ltd. Muhammad is the Chief Executive Officer at Mashreq Pakistan, part of Mashreq, a…
Bank Alfalah, a leading commercial bank in Pakistan, has extended support to The Citizens Foundation (TCF) as part of its Flood Relief Program with the backing of an additional PKR…
Governor of the State Bank of Pakistan, Mr Jameel Ahmad, reaffirmed the central bank’s dedication to increasing financial inclusion through strengthened collaborations with global and domestic stakeholders. Mr. Ahmad shared…
Workers’ remittances recorded an inflow of US$ 3.1 billion during December 2024. In terms of growth, remittances increased by 29.3 % on y/y and 5.6 % on m/m basis. Cumulatively,…
The total liquid foreign reserves held by the country stood at US$ 16,377.8 million as of 03-Jan-2025. The break-up of the foreign reserves position is as follows: Foreign reserves held…
Faysal Bank Limited (FBL), one of Pakistan's leading Islamic banks, has been honoured by the Global Diversity, Equity & Inclusion Benchmark (GDEIB) Awards 2025. The bank secured a remarkable 14…
The National Bank of Pakistan has partnered with Lahore College for Women University (LCWU) to implement a fee collection system on an aggregation model powered by 1-Link. This collaboration introduces…
The total liquid foreign reserves held by the country stood at US$ 16,408.7 million as of 27-Dec-2024. The break-up of the foreign reserves position is as under: Foreign reserves held…
Mashreq Pakistan, part of a leading financial institution in the MENA region, Mashreq, becomes the first to receive a restricted license from the State Bank of Pakistan (SBP) to commence…
AlHuda Centre of Islamic Banking and Economics (CIBE) has projected a promising outlook for the Islamic finance industry in 2025, with assets anticipated to surpass the $5 trillion milestone. This…
JazzCash, Pakistan's leading fintech platform, has launched Buy Now, Pay Later (BNPL), a convenient alternative to traditional credit cards. The service is now available in retail stores for the electronics shopping platform Telemart and…
JS Bank, recognized as one of Pakistan’s fastest-growing financial institutions, has announced the launch of its Priority Banking services, a tailored offering designed to meet the diverse needs of its…
Bank Makramah Limited (BML) shareholders overwhelmingly approved the Scheme of Arrangement for the bank's restructuring in their Extraordinary General Meeting held on December 26, 2024. The scheme, filed before the…
After pledging to plant 100,000 trees to combat the impact of climate change, Bank Alfalah, one of the largest commercial banks in Pakistan, has partnered with WWF-Pakistan for another initiative,…
Meezan Bank, Pakistan’s leading Islamic bank, and Arif Habib Limited, a leader in investment banking, have recently partnered to enhance the investor experience in Pakistan. The collaboration is marked by…
The State Bank of Pakistan (SBP) has released its Quarterly Payment Systems Review for Q1 FY25, highlighting significant strides in Pakistan’s journey toward a cashless and digitally inclusive economy. Covering…
P&G Pakistan, Imtiaz Group, Pakistan’s largest retailer, and Akhuwat Islamic Microfinance, a leading not-for-profit organization, have signed a Memorandum of Understanding (MoU) today to empower women micropreneurs through interest-free loans.…
This initiative marks a revolutionary development resulting from the significant meetings held by Senator Rubina Khalid, Chairperson of the Benazir Income Support Programme (BISP), and Amer Ali Ahmad, Secretary of…
State Bank of Pakistan has launched the new eCIB System (V2), an advanced version of its Electronic Credit Information Bureau (eCIB). The new system will become operational w.e.f. January 1,…
The Chairman of National Business Group Pakistan, the President of the Pakistan Businessmen and Intellectuals Forum, the President of All Karachi Industrial Alliance, the Chairman of the FPCCI Advisory Board,…
Standard Chartered Bank (Pakistan) Limited (“Standard Chartered”) has partnered with Haball, the leading provider of digital supply chain payments solutions and Hutchison Ports KICT to automate and digitalise its payment…
Ufone 4G, a leading Pakistani telecommunications service provider, and Jubilee Insurance, a renowned insurance company, are proud to announce their partnership to launch the JGI Insurance Products for Ufone 4G…
Faysal Bank Limited (FBL), one of Pakistan's leading Islamic banks, has been honoured by the State Bank of Pakistan (SBP) under its Pakistan Remittance Initiative (PRI) as the Fastest-Growing Bank…