Faysal Bank has announced the launch of its ‘Faysal Islami Amal Women Digital Account’. This account has been developed in line with the State Bank’s financial inclusion agenda. With a…
Leading economists and industry stakeholders advocate significantly reducing Pakistan's interest rates to boost economic growth, stimulate investment, and relieve financial pressures on businesses and consumers. In a statement, Ismail Suttar,…
Pakistani telecom company Ufone 4G has launched an industry-first Franchise Health Insurance Program in partnership with Adamjee Insurance to provide top-performing franchise owners and their families with comprehensive health insurance…
The leaders of United Business Group (UBG), Zubair Tufail, Khalid Tawab, Hanif Gohar, and Syed Mazhar Ali Nasir, have welcomed the government's decision to launch a Rs 1.1 trillion scheme…
Dedicated to promoting positive environmental change, Mobilink Bank has recently launched E-Bike loans. This initiative, aimed at empowering individuals with accessible and eco-friendly transportation options, was formalized through a Memorandum…
Governor of the State Bank of Pakistan (SBP), Mr. Jameel Ahmad, emphasized the importance of developing skills and setting high standards for the country's financial sector. He addressed the audience…
Leading economists and industry stakeholders call for an aggressive reduction in Pakistan's interest rates to stimulate economic growth, encourage investment, and alleviate financial pressures on businesses and consumers. Ismail Suttar,…
Jubilee Life Insurance, Pakistan's largest private sector insurance company, hosted the Jubilee Life Insurance University Challenge (JLIUC) at Karachi's British Deputy High Commission. This transformative initiative, established in collaboration with…
Pak-Qatar Asset Management Company Limited (PQAMC), a leading Islamic asset management company and part of Pak-Qatar Group, Pakistan’s premier and pioneer Islamic financial services group, has been awarded the Employer…
Pakistan’s leading digital microfinance bank, Mobilink Bank, strengthens its commitment to women’s economic empowerment by launching Pakistan’s first-ever industry-specific incubation program designed exclusively for women entrepreneurs. This initiative falls under…
Iftikhar Khan, the advisor to the president of the FPCCI, asked the State Bank of Pakistan to immediately lower interest rates because headline inflation in July 2024 dropped to 11.09…
The Bank of Japan (BoJ) has decided to increase interest rates to around 0.25% against the 0-0.1% range. Moreover, the central bank also intends to scale back its Quantitative Easing…
The total liquid foreign reserves held by the country stood at US$ 14,391.7 million as of 26 July 2024. The break-up of the foreign reserves position is as follows: Foreign…
The Board of Directors of Bank Alfalah Limited (BAFL), in its meeting held on August 01, 2024, approved the Bank’s financial results for the half year ended June 30, 2024.…
United Bank (UBL) posted 2Q2024 consolidated earnings of Rs12.1/share, up 17% YoY while down 7% QoQ. The result came in line with our expectations. This takes 1H2024 earnings to Rs25.15/share,…
Johar Qandhari, President of the Korangi Association of Trade and Industry (KATI), has expressed disappointment over the State Bank of Pakistan's decision to reduce the interest rate by 100 basis…
On Tuesday, the chairman of the FPCCI Advisory Board and National Business Group Pakistan, the President of the Pakistan Businessmen and Intellectuals Forum and All Karachi Industrial Alliance, and former…
The State Bank of Pakistan (SBP) reduced the policy rate in the second consecutive meeting by 100bps to 19.5% (cumulative easing of 250bps since June 2024). The SBP is broadly…
easypaisa, Pakistan's leading digital financial services platform, has announced a strategic partnership with Faysal Bank Limited (FBL), one of the premier commercial banks in Pakistan, to simplify the process of…
Mohammad Kamran Arbi, President of the Site Association of Industry Karachi, has described the recent reduction in interest rates as insufficient. He has urged the State Bank of Pakistan to…
At its meeting today, the Monetary Policy Committee (MPC) decided to cut the policy rate by 100 basis points to 19.5 percent, effective from July 30, 2024. The Committee observed…
Mashreq is pleased to announce its financial performance for the first half of 2024, highlighting the bank's strong commitment to achieve its strategic goals focused on putting clients first, achieving…
Pak-Qatar General Takaful Limited (PQGTL), a leading provider of Shariah-compliant General Takaful solutions in Pakistan and Yousuf Dewan Group have entered into a strategic Memorandum of Understanding to introduce a…
Meezan Bank, Pakistan’s leading Islamic bank, has recently announced that it has entered into a referral arrangement with Haball Pvt Ltd, a premier digital payments platform. Mr Muhammad Abdullah Ahmed,…
The total liquid foreign reserves held by the country stood at US$ 14,335.4 million as of 19-July-2024. The break-up of the foreign reserves position is as under: Foreign reserves held…
