Commerce Plex, a wholly owned and fully licensed subsidiary of Simpaisa Holdings, is collaborating with Faysal Bank Ltd to integrate fintech innovation with banking expertise seamlessly. This strategic alliance aims…
Telenor Microfinance Bank (TMB), operator of Pakistan's leading digital financial services platform easypaisa, has appointed Jahanzeb Khan as President & CEO, effective 24th July 2024. Jahanzeb is an accomplished executive…
Amsterdam and Karachi, 22 July 2024: VEON Ltd. (NASDAQ, Euronext Amsterdam: VEON), a global digital operator that provides converged connectivity and online services, announces that Jazz, its digital operator in…
As the State Bank of Pakistan's monetary policy meeting on July 29th, 2024, approaches, speculation is rife: will the SBP extend its recent easing policy or hold steady? We're expecting…
Dubai Islamic Bank Pakistan Limited (DIBPL), a subsidiary of Dubai Islamic Bank, has partnered with ZLK Islamic Financial Services, Pakistan’s first Sharia-compliant brokerage firm. The MoU signing ceremony was held…
EFU General Insurance participated in the PakWheels Car Mela 2024 at the Karachi Expo Center. The full-day event received great footfall from car enthusiasts and genuine buyers, who got exposure…
Telenor Microfinance Bank (TMB), the operator of Pakistan’s leading digital financial services platform easypaisa, has achieved a significant milestone by receiving the prestigious Payment Card Industry Data Security Standard (PCI…
EFU General has been honoured with the Shaukat Khanum Corporate Social Responsibility (CSR) Award for its outstanding contributions to the community. EFU General is committed to recognising and supporting institutions…
We initiate Faysal Bank Limited (FABL) coverage with a target of PkR 100/share, valuing the bank at a PB of 1.46x based on its projected CY24 BVPS of PKR68.2/share. We…
State Bank of Pakistan (SBP) has released its Quarterly Payment Systems Report for the third quarter (Jan-Mar) of the fiscal year 2023-24. The report presents a quarterly review of payment…
Pak-Qatar Family Takaful Limited (PQFTL) has launched a one-of-a-kind Shariah-compliant investment plan called Mahana Bachat & Takaful Flexi Plan (MBTP). MBTP offers members 100% Shariah-compliant returns with a minimum contribution…
The total liquid foreign reserves held by the country stood at US$ 14,703.5 million as of 12-July-2024. The break-up of the foreign reserves position is as under: Foreign reserves held…
The total liquid foreign reserves held by the country stood at US$ 14,644.7 million as of 05-July-2024. The break-up of the foreign reserves position is as under: Foreign reserves held…
Set to introduce a cutting-edge digital payment solution integrating RAAST to enhance customer convenience, reliability, and speed.
The Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI) with Meezan Bank hosted a significant public hearing session on the draft Shariah Standard on Sukuk. The event took place…
The State Bank of Pakistan will remain closed on July 16th and 17th, 2024 (Tuesday and Wednesday), which are public holidays on the occasion of Ashura (9th and 10th Moharram…
MCB Bank Limited, one of Pakistan’s leading banks, has entered into a strategic partnership with the Punjab Information Technology Board (PITB) and Mastercard Asia/Pacific Pte. Ltd. The ceremony, held at…
Deputy Governor of the State Bank of Pakistan (SBP), Dr. Inayat Hussain highlighted the pivotal role of continuous learning in ensuring the long-term success of professionals within the financial industry.…
Workers’ remittances recorded an inflow of US$3.2 billion during June 2024. Regarding growth, during June 2024, remittances increased by 44.4 per cent on y/y basis. Cumulatively, with an inflow of…
Bank Alfalah, one of the largest commercial banks in Pakistan, has announced the evolution of its Tap and Pay service, which is for Near-Field-Communication (NFC)-enabled cards at point-of-sale (POS) terminals…
State Bank of Pakistan (SBP) has issued its annual flagship publication, the Financial Stability Review (FSR) for CY2023, which is prepared and published in terms of requirements prescribed in sub-section…
UBL has successfully concluded the transaction to sell its shareholding in United National Bank Limited UK (UNBL UK) after obtaining all the regulatory approvals. · UBL owns 55% shareholding in United…
The total liquid foreign reserves held by the country stood at US$ 14,573.0 million as of 28-June-2024. The break-up of the foreign reserves position is as under: Foreign reserves held…
Pakistan's banking sector has witnessed a run-up of 23% in the last 3 months and 115% in the last 12 months as market participants are reverting to historical valuation multiples…
Telenor Microfinance Bank (TMB), operator of Pakistan’s leading digital financial services platform easypaisa has been awarded the prestigious ISO/IEC 27001:2022 by Risk Associates, a leading certification body accredited by UKAS.…