Today, a significant milestone was achieved in Lahore by signing Memorandums of Understanding (MOUs) between Zindigi- Powered by JS Bank and the Waste Management Companies across Punjab. Punjab Minister for…
ABL announced earnings today for 2QCY24 at PKR 12.5bn (EPS: PKR 10.9), depicting an uptick of 25% YoY | 7% QoQ. For 1HCY24, total earnings amounted to PKR 24.1bn, marking…
Bank Makramah Limited (BML) has entered into an agreement with Avanza Solutions to strengthen its digital transformation initiatives. This demonstrates its dedication to implementing cutting-edge technologies to enhance customer interactions…
Pakistan’s leading digital microfinance bank, Mobilink Bank, has launched an easy-to-use in-app inheritance calculator accessible through its Dost app. The cutting-edge financial tool is designed to empower individuals, especially women,…
easypaisa has launched an enhanced credit score visibility feature designed to elevate financial awareness and empower users to manage their financial health. This cutting-edge feature provides unprecedented access to users’…
Pakistan’s current account deficit was USD162mn during July ’24, declining by 78%YoY/48%MoM. The service deficit declined by 39%YoY/61%MoM to USD159mn, along with an improvement in the balance of primary income.…
Khushhali Microfinance Bank Limited (KMBL) marked a significant milestone on Monday, celebrating its 24th anniversary with a cake-cutting ceremony at the KMBL Corporate Office. The event was a vibrant tribute…
MEBL senior management held an analyst briefing today to discuss the financial performance of 2QCY24 and the future outlook Brief Takeaways • To recall, MEBL announced earnings (PAT) for 2QCY24 at…
Pakistan’s leading digital microfinance bank, Mobilink Bank, has partnered with Systems Limited to leverage the power of Temenos Core, modernizing its core banking platform and boosting business and operational capabilities.…
The 77th Independence Day was celebrated at SBP with renewed zeal and enthusiasm. The formal proceedings began with the hoisting of the National Flag as the Navy band played the…
In a significant step towards social empowerment, the first tranche of disbursements for the Benazir Income Support Program (BISP) is underway by JazzCash in collaboration with Mobilink Microfinance Bank. So…
Workers’ remittances recorded an inflow of US$3.0 billion during July 2024. Regarding growth, during July 2024, remittances increased by 47.6 per cent on a y/y basis. Remittance inflows during July…
JS Bank, one of the fastest-growing banks in Pakistan, has been awarded the Leading Digital Bank accolade at the CxO Elevate 2024 Awards. In addition, JS Global, a subsidiary of…
Pak-Qatar Asset Management Company Limited (PQAMC) is a leading dedicated Islamic Asset Management Company in Pakistan and part of Pak-Qatar Group, which is Pakistan’s Pioneer and Premier Islamic financial services…
The total liquid foreign reserves held by the country stood at US$ 14,471.9 million as of 2 August 2024. The break-up of the foreign reserves position is as follows: Foreign…
EFU General is honoured to announce that we have received the prestigious 21st Annual Environment Excellence Award 2024 from the National Forum of Environment and Health (NFEH). This award highlights…
Visa, a world leader in digital payments, has launched a new global campaign, “Prodigies,” which showcases the inspiring stories of individuals who have overcome challenges and pursued their passions with…
Meezan Bank (MEBL) announced its 2Q2024 result today. The bank recorded its highest-ever quarterly earnings of Rs26.7bn (EPS of Rs14.88), up 55% year over year and 5% quarter over quarter. The…
Khushhali Microfinance Bank Limited (KMBL), Pakistan’s first specialized microfinance bank, has recently partnered with oladoc to promote healthcare services for their customers. oladoc, a leading digital healthcare platform in Pakistan,…
Meezan Bank, Pakistan’s Premier Islamic bank, has become the first bank in Pakistan to host a Mastercard-led cyber security workshop, representing a significant advancement in cybersecurity preparedness for the country’s…
The Board of Directors of MCB Bank Limited (MCB), in its meeting under the Chairmanship of Mian Mohammad Mansha on August 07, 2024, reviewed the performance of the Bank and…
Bank Alfalah, one of the leading commercial banks, has been a trusted partner of the Benazir Income Support Programme (BISP) for over 12 years and has been dedicated to the digital…
In the competitive landscape of the banking industry, customer experience plays a pivotal role in shaping the success and reputation of financial institutions. Allied Bank, a prominent player in the…
Faysal Bank has announced the launch of its ‘Faysal Islami Amal Women Digital Account’. This account has been developed in line with the State Bank’s financial inclusion agenda. With a…
Leading economists and industry stakeholders advocate significantly reducing Pakistan's interest rates to boost economic growth, stimulate investment, and relieve financial pressures on businesses and consumers. In a statement, Ismail Suttar,…