Seven of the best-performing clients of Khushhali Microfinance Bank (KMBL) were shortlisted to win prestigious accolades at the "14th "Citi-PPAF Micro Entrepreneurship Awards – 2022". Five of these seven shortlisted…
The government has introduced major changes in Federal Budget FY23 for the banking sector, which will significantly impact the industry's bottom line. These changes include 1) an increase in the…
Financial inclusion is driving better access to health and education across Middle East and Africa, according to a new white paper from Mastercard. The study, Financial Inclusion+ - Connecting People to…
The total liquid foreign reserves held by the country stood at US$ 15,176.5 million as of 03-Jun-2022. The break-up of the foreign reserves position is as under:- Foreign reserves held…
As part of an ongoing quest to redefine healthcare in Pakistan using technology, Find My Doctor, in collaboration with TPL Insurance has launched state-of-the-art Insurance and Takaful Products for the…
The Government of Pakistan and the State Bank of Pakistan assure all account holders maintaining Foreign Currency Accounts (FCA), Roshan Digital Accounts (RDA) and Safety Deposit Lockers in banks in…
ITMinds Limited (ITMinds), a wholly owned subsidiary of Central Depository Company of Pakistan Limited (CDCPL), has entered into outsourcing arrangement with Pak Qatar Asset Management Company Limited (PQAMCL) & Pak Qatar…
Chief Executive Officer, Pakistan Banks Association, Tawfiq Hussain, said the banking sector is playing a vital role in the country's economic development and is supporting major initiatives of the government,…
Jubilee Life Insurance, the leading life insurance company in the private sector, has been awarded two major accolades at the Pakistan Digital Awards Ceremony 2022. For its exceptional outreach, the…
Efficient, timely and reliable data dissemination is a core undertaking of central banks across the world. Open data availability supports informed decision-making by households, firms, governments, academics, and other stakeholders,…
The total liquid foreign reserves held by the country stood at US$ 15,771.4 million as of 27-May-2022. The break-up of the foreign reserves position is as under:- Foreign reserves held…
Mr Hashim Raza, Chief Executive Officer (CEO) of the Small and Medium Enterprises Development Authority (SMEDA), in a meeting with Ms Sima Kamil, Deputy Governor State Bank of Pakistan (SBP)…
BankIslami, Pakistan's leading Islamic financial institution, proudly sponsored the prestigious, annual World Islamic Finance Forum 2022 (WIFF) as their exclusive gold banking partners. The two-day conference, held in Karachi on…
Mobilink Microfinance Bank Ltd. (MMBL) - Pakistan's largest digital Bank, set up a financial literacy camp at the University of Balochistan on Tuesday, May 31, 2022. The camp was organized…
National Bank of Pakistan (NBP) conducted Islamic Banking Awareness Sessions in Mohmand Agency, Swat and Charsada. Mufti Nadir Khan, Team Leader Shariah Compliance Department, NBP Aitemaad Islamic Banking addressed the…
Pakistan's largest digital bank, Mobilink Microfinance Bank Limited (MMBL) has partnered with DIGIT, a leading technology brand of Swift Biz Solutions Pvt. Ltd. in Pakistan, to bolster Pakistan's digital and…
Easypaisa, Pakistan's leading digital payments platform, has introduced yet another innovative feature enabling users to earn daily profits through a single click. Easypaisa users can now use the in-app savings…
The total liquid foreign reserves held by the country stood at US$ 16,149.8 million as of 20-May-2022. The break-up of the foreign reserves position is as under:- Foreign reserves held…
Syngenta Pakistan Limited, a globally leading agriculture company specializing in crop protection, biologicals, seeds and other crop enhancement products, has recently signed an MOU with the largest financial institution in…
Standard Chartered Bank Private Ltd. (SCBPL) has launched the Futuremakers Inclusive Employability project, which focuses on economic empowerment of youth with disabilities. This project is part of 'Futuremakers by Standard Chartered'…
The Acting Governor of State Bank of Pakistan (SBP), Dr Murtaza Syed, recently visited Meezan Bank's Head Office in Karachi, the Deputy Governor, Ms Sima Kamil, and the Bank's senior…
Korangi Association of Trade and Industry (KATI) President Salman Aslam, while expressing concern over the hike in interest rates by SBP, said that raising interest rates to 13.75% would lead…
The State Bank of Pakistan is scheduled to announce its monetary policy on May 23, 2022. The experts expect SBP to increase the policy rate by 1.0% to 13.25% from…
Foreign Direct Investment (FDI) dropped by 2.36 per cent in the first ten months (July-April) of the current fiscal year 2021-22 as multinational companies and foreign investors of various sectors…
The total liquid foreign reserves held by the country stood at US$ 16,161.0 million as of 13-May-2022. The break-up of the foreign reserves position is as under:- Foreign reserves held…
