Deputy Governor, State Bank of Pakistan, Mr. Jameel Ahmad, has emphasized the need for a review of the prevailing banking business models to effectively address the challenges of rapidly changing financial and technological landscape. Mr. Ahmad was addressing eminent scholars, industry practitioners and leading professionals on the topic of “Changing Dynamics: Bank of the Future” as a key note speaker at the 29th Annual Convention of Association of Professional Bankers (APB)—Sri Lanka, held at Cinnamon Grand, Colombo on 21st November, 2017.
Bank Alfalah and Yayvo.com signed a Memorandum of Understanding, allowing Bank Alfalah customers to conveniently purchase items from one of Pakistan’s biggest e-commerce stores, further enhancing the scope of e-commerce and digital payments in the country.
Yayvo.com will integrate Bank Alfalah’s payment gateway and power Bank Alfalah’s Orbit Mall for the bank’s loyalty customers, account and card holders.
Pakistan Mortgage Refinance Company’s office was formally inaugurated in Karachi recently by Mr. Jameel Ahmad Deputy Governor, State Bank of Pakistan. Speaking on the occasion, Deputy Governor Mr. Jameel Ahmad said, “PMRC would provide long term funding at fixed rate which will increase affordability for mortgage borrowers”.
Consistently bringing innovation in Pakistan’s financial services framework, Easypaisa, in collaboration with United Insurance Company, is proud to introduce the industry’s first ‘Easypaisa Car Insurance’, offering the most affordable and accessible set of auto coverage in Pakistan.
Easypaisa Car insurance can be availed by paying a premium price of 2.5% of the car’s market value annually, whereas competitive plans typically cost more.
Pakistan’s first and largest mobile financial service, Easypaisa, has successfully launched the Easypay school fee payment solution to benefit educational institutes, students and parents through digitizing payments. With Easypay, Easypaisa enables parents and students to pay online with the convenience of choosing the payment option that best suits their need.
NIT has launched NIT-Islamic Income Fund (NIT-IIF) w.e.f 04thJuly, 2016 during the holy month of Ramadan. The Fund has been introduced to meet the growing demand for Shariah Compliant Investment products. This is the Third Shariah Compliant Fund which has been added to the family of funds offered by the company.
The Institute of Bankers Pakistan (IBP) with a legacy of serving the industry for more than six decades in terms of building human capacity has now joined hands with Business Continuity Institute (BCI) – UK, the world’s leading institute for Business Continuity Management and Organizational Resilience.
- H1 2015 profit (before tax) has grown from PKR 7.2 billion to PKR 8.5 billion
- Revenue has enhanced by 11per cent in comparison with first half of 2014
- The deposit momentum continued with a growth of above 9per cent
The half yearly profit of the bank (before tax) is PKR 8.5 billion in the first half of 2015 compared to PKR 7.2 billion in the first half last year.
Memorandum of Understanding (MOU) signing ceremonies between National Bank of Pakistan and two major national institutions of KPK province i.e. Frontier Corps and Frontier Constabulary were held in Peshawar on August 5, 2015.
Under these arrangements, NBP joined hands with these institutions to provide comprehensive banking facilities to them.