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.
Mr. Wajahat Husain, President & CEO, United Bank Ltd along with
Mr. Abrar Mir, Group Executive, Banking Products, UBL, Mr. Aameer Karachiwalla, COO-UBL and Ms. Maliha Anwer Khan, Head Wealth Management & NRP, UBL have launched bank’s new
innovative product – NRP Banking for non-residenace Pakistani in Karachi yesterday.
There is an ample scope of Islamic banking and finance in western African region and Senegal can play a vital role in elevating it through the countries. It was spoken by Muhammad Zubair Mughal, Chief Executive Officer AlHuda Centre of Islamic Banking and Economics (CIBE) while attending an international seminar on Takaful that was held at Dakar Senegal.