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.…
Pakistan’s leading digital microfinance bank, Mobilink Bank, has leapt forward in solidifying its position as a frontrunner in sustainable banking practices. The Bank announced the successful completion of an external…
Bank Alfalah is proud to announce that its credit rating has been elevated to 'AAA' by the Pakistan Credit Rating Agency (PACRA). This accolade is a testament to the bank's…
JS Bank, a premier financial institution renowned for its dedication to excellence and innovation, has received "AA" rating from the Pakistan Credit Rating Agency (PACRA). This prestigious rating reflects JS…
Raqami Islamic Digital Bank, one of the most prominent upcoming Islamic digital banks in Pakistan, has selected BenchMatrix’s proprietary solution, RiskNucleus® as its Anti-Money Laundering (AML) transaction monitoring solution. This…
BankIslami Pakistan Limited, the first Islamic commercial bank to receive an Islamic banking license in Pakistan has demonstrated remarkable growth over the past few years. The bank has successfully maintained…
The State Bank of Pakistan will remain closed for public dealing on July 1, 2024 (Monday), which shall be observed as Bank Holiday. All banks / DFIs / MFBs shall,…
The State Bank of Pakistan (SBP) joined the global community in celebrating Micro, Small, and Medium Enterprises (MSME) Day by highlighting the pivotal role these enterprises play in driving economic…
The total liquid foreign reserves held by the country stood at US$ 14,207.3 million as of 21 June 2024. The break-up of the foreign reserves position is as under: Foreign…
Mashreq Pakistan, a part of Mashreq, the leading financial institution in the MENA region, has announced a significant milestone in its foray into Pakistan. Mashreq Pakistan has been granted In-Principal…
In a significant move towards revolutionizing the landscape of financial transactions in Pakistan, Mastercard, a global technology company in the payments industry, has partnered with ABHI, an embedded finance platform,…
Pakistan posted a current account deficit of USD 270mn in May’24 compared to a surplus of USD 155mn in May’23 and USD 499mn surplus in Apr’24. This decline was mainly…
The total liquid foreign reserves held by the country stood at US$ 14,414.6 million as of 14-June-2024. The break-up of the foreign reserves position is as under: Foreign reserves held…
Zindigi, the digital banking initiative of JS Bank, has launched its game changing Zindigi 2.0 upgrade. This major App design revamp is set to take a significant position in the…
The total liquid foreign reserves held by the country stood at US$ 14,383.8 million as of 07-June-2024. The break-up of the foreign reserves position is as under: Foreign reserves held…
Visa (NYSE:V), a world leader in digital payments, recently hosted Pakistan's premier "Fraud Prevention and Risk Management Summit." This landmark event in Karachi was part of Visa's ongoing mission to…
easypaisa has elevated its service offerings by integrating the Raast P2M (Person to Merchant) payments system on its platform. The State Bank of Pakistan's (SBP) Raast P2M payment mechanism is…
“BankIslami Launches Exclusive Priority Banking Lounge for Freelancers and IT Exporters as Free Workspace to Enhance Collaboration & Networking.” BankIslami, a leading financial institution, is proud to announce the opening…
Faysal Bank Limited's (FBL) WhatsApp Banking Application has been honoured with the 'Best Digital API' Award at the Pakistan Digital Awards 2024. FBL's WhatsApp Banking offers industry-leading User Interface (UI)…
The Korangi Association of Trade and Industry (KATI) has expressed disappointment over the State Bank of Pakistan's recent decision to cut the interest rate by only 150 basis points, bringing…
State Bank of Pakistan has issued instructions to banks to develop and implement digital solutions for supply chain finance within six months to leverage the technology for increasing the SMEs'…