The SITE Association of Industry (SAI) has voiced strong concern over the State Bank of Pakistan’s recent decision to raise the policy rate by 100 basis points to 11.5 percent.…

Saquib Fayyaz Magoon, Senior Vice President of the Federation of Pakistan Chambers of Commerce & Industry (FPCCI) and Chairman of the Businessmen Panel-Progressive (BMPP), has condemned the State Bank of…

The Monetary Policy Committee (MPC), in its meeting today, decided to increase the policy rate by 100 bps to 11.50 per cent,t with effect from April 28, 2026. The Committee…

ABHI Microfinance Bank has partnered with Dastak Logistics to launch Merchant Lending Services for small and medium-sized businesses in Pakistan. The signing ceremony featured Muhammad Umer Rauf from ABHI and…

DIB Pakistan and Pocket Money have entered a strategic partnership to enable seamless US Dollar-to-Rupee cashouts across Pakistan, bringing a new level of speed, compliance, and convenience to both cross-border…

NBP has successfully onboarded Sheikh Zayed Hospital, Lahore, for dynamic QR-based patient bill collections, marking another strong step in our ongoing digital payments drive. The arrangement was spearheaded by Mr…

Faysal Bank Limited (FBL) delivered a sound and resilient financial performance in the first quarter of 2026, reporting Profit Before Tax (PBT) of PKR 10.8 billion and net profit of…

The world is negotiating peace amid uncertainty, therefore, at a time like this, we believe policy must continue to lean toward discipline over impulse. We expect the SBP to keep…

Meezan Bank has announced that its monthly card spend has surpassed Rs22.5 billion, indicating a notable shift in consumer payment habits and highlighting the growth of Pakistan’s digital payments landscape. This…

ASA Microfinance Bank (Pakistan) Ltd. has partnered with Turaco Agency Ltd. to provide embedded insurance for microfinance customers. This initiative aims to enhance financial protection for underserved communities by integrating…

Pakistan Credit Rating Agency (PACRA) has reaffirmed its highest insurer financial strength rating for The United Insurance Company of Pakistan Limited, signalling continued confidence in the 66-year-old non-life insurer. In…

Visa Inc. (NYSE: V) has launched Intelligent Commerce Connect, a solution that facilitates AI-powered commerce for businesses, enabling agent builders, merchants, and enablers to participate seamlessly. As consumers increasingly use…

According to AHCML Research,  Pakistan’s current account (CA) recorded its third consecutive monthly surplus in Mar’26, clocking in at USD 1,070mn, reflecting a sharp 363% MoM increase from USD 231mn in…

Pakistan’s first-ever Sovereign Hybrid Sukuk marks a transformative step in the evolution of the country’s Islamic financial landscape, addressing long-standing structural challenges faced by Islamic banks, particularly the limited availability…

AHCML Research has released its report on the UBL Result Review for the first quarter of calendar year 2026 (1QCY26), noting that while capital gains have boosted profits, taxes have…

ABHI Microfinance Bank Limited has entered into a strategic agreement with EFU Life Assurance Ltd. to offer life insurance solutions to its customer base, aiming to expand access to financial…

The total liquid foreign reserves held by the country stood at US$ 21,894.9 million as of 3-Apr-2026. The breakdown of the foreign reserves position is as follows: Foreign reserves held…

Faysal Bank Limited (FBL), one of Pakistan’s leading Islamic banks, has been assigned a long-term entity rating of ‘AA+ (Double AA plus)’, upgraded from its earlier rating of ‘AA (Double…

In a recent report by SBP, workers’ remittances for March 2026 totalled an impressive US$3.8 billion, reflecting a month-on-month growth of 16.5%. However, on a year-on-year basis, there was a…