The total liquid foreign reserves held by the country stood at US$ 14,626.4 million as of 10-May-2024. The break-up of the foreign reserves position is as under: Foreign reserves held…

NymCard, a leading embedded finance solutions provider in MENAP, has signed a strategic partnership with Dellsons Associates (Pvt) Ltd, a renowned banking consultancy firm, to promote innovation in the fintech…

Garaj, Pakistan's fastest-growing local cloud service provider, has partnered with Mashreq Pakistan, a part of Mashreq, the leading financial institution in the MENA region, to provide data centre hosting services…

Risk Associates, Pakistan's leading PCI Qualified Security Assessor (QSA), has recently announced Meezan Bank's certification with the PCI 3DS (Payment Card Industry Three Domain Secure) standard. This milestone positions Meezan…

easypaisa, has signed an agreement with IGI Life and IGI General, laying the foundation for digital distribution of various insurance-based products, ensuring provision of ease and convenience to millions of…

Pakistan's macroeconomic conditions improved during H1-FY24, according to the State of Pakistan's Economy Report for H1-FY24 released today by the State Bank of Pakistan (SBP). The Report contains the analysis…

Pak-Qatar General Takaful Limited (PQGTL or the Company), a leading provider of Shariah-compliant general Takaful solutions in Pakistan, has announced its financial results for the year ended December 31, 2023.…

United Bank Limited (UBL), a leading bank in Pakistan, has acquired a 14,092 sq. yard commercial plot in Naya Nazimabad, Karachi, to build its regional office. Naya Nazimabad is located…

Meezan Bank, Pakistan's first and largest Islamic Bank, and Roche Pakistan, a global leader in biotechnology, have united in a significant initiative. This collaboration aims to alleviate the financial burden…

Workers' remittances recorded an inflow of US$ 2.8 billion during April 2024.   In terms of growth, during April 2024, remittances increased by 27.9 per cent on y/y basis.  Cumulatively, with…

Pak-Qatar Family Takaful Limited (PQFTL or the Company), a leading provider of Shariah-compliant family Takaful solutions in Pakistan, has announced its financial results for the year ended December 31, 2023.…

Mashreq Pakistan, a part of Mashreq which is the leading financial institution in the MENA region and Paysys Labs Pvt Ltd, a leading payment technology provider, today announced a strategic…

Dubai Islamic Bank Pakistan Limited (DIBPL) has signed an Issuing Bank Agreement (IBA) with the International Finance Corporation (IFC) to support international trade in Pakistan. Under the agreement, IFC will guarantee payment…

EFU General Insurance Ltd., the leading non-life insurer in Pakistan, was recently awarded the 16th Corporate Social Responsibility Award 2024 at an event organized by the National Forum of Environment…

Embarking on a transformative journey, Zindigi, powered by JS Bank, in collaboration with the Sindh Mass Transit Authority (SMTA), People Bus Service, and Mastercard, has reshaped Karachi's public transportation landscape.…

Telenor Microfinance Bank (TMB) announced exceptional financial performance for the first quarter of 2024 (Q1'24). The Bank reported an impressive profit before tax of PKR 1.03 billion during Q1'24 compared…

The total liquid foreign reserves held by the country stood at US$ 13,316.0 million as of 26-Apr-2024. The break-up of the foreign reserves position is as under: Foreign reserves held…

IMF Executive Board completed the second review under the Stand-by Arrangement (SBA) in its meeting on 29Apr2024 and approved disbursement of SDR 828 million for Pakistan. Accordingly, SBP has received…

Highlights: Record profit before tax of PKR 24.7 billion, up 53 per cent year on year Strong revenue of PKR 29.3 billion, growth of 44 per cent Robust growth in…

Ghazanfar Azzam has decided to step down as the President and CEO of Mobilink Bank after 12 years of service. Under his leadership, Mobilink Bank has experienced remarkable growth and…

Maintaining its growth momentum, BankIslami delivered an impressive return for its shareholders, with a remarkable 99% surge in its profit before tax for the first quarter of 2024. The Bank's…