The Site Association of Industry (SAI) President, Muhammad Kamran Arbi, expressed disappointment at the State Bank of Pakistan's (SBP) cutting interest by just 1.5%. He called the move "insufficient to…
Monetary Policy Committee (MPC) of State Bank of Pakistan (SBP) has announced reduction in Policy rate by 150bps to 20.5% after maintaining status quo for approx. one year since Jun…
Mr. Atif Ikram Sheikh, President FPCCI, has emphasized the urgency of a larger and more substantive cut in the key policy rate of the State Bank of Pakistan. The business,…
At its meeting today, the Monetary Policy Committee (MPC) decided to reduce the policy rate by 150 bps to 20.5 percent, effective from June 11, 2024. The MPC noted that…
Visa (NYSE: V), a world leader in digital payments, today announced the launch of Subscription Manager, a new, all-in-one service for financial institutions to provide Visa cardholders with a simple,…
Pak-Qatar Family Takaful Limited (PQFTL), a leading provider of Shariah-compliant Family Takaful solutions, is pleased to announce Mr Waqas Ahmad's appointment as its new Chief Executive Officer (CEO). Mr Waqas…
Newly licensed by SECP, Pakistan’s first Digital Insurer, Salaam Family Takaful Limited (SFTL) and Central Depository Company of Pakistan Limited (CDC) have entered an arrangement for SFTL’s participation in the…
Bank Alfalah, one of the leading commercial and digital banks, proudly announces the launch of Pakistan's First Digital Agriculture Financing product, an initiative aimed at empowering small-scale farmers and entrepreneurs…
HBL Microfinance Bank (HBL MfB) inaugurated its new regional headquarters in Gilgit Baltistan on June 09. The ceremony was attended by Prince Rahim Aga Khan, Chair of the Executive Committee…
Chairman of National Business Group Pakistan, President Pakistan Businessmen and Intellectuals Forum, All Karachi Industrial Alliance, and former provincial minister Mian Zahid Hussain said on Friday that inflation in the…
National Bank of Pakistan (NBP) President Rehmat Ali Hasnie participated in the Pakistan China Business Conference in Shenzhen, China. Mr. Hasnie was among the delegation accompanying Prime Minister Shehbaz Sharif,…
Workers' remittances recorded an inflow of US$3.2 billion during May 24. In terms of growth, during May 24, remittances increased by 15.3 percent on m/m basis and by 54.2 percent…
Elevate, a fintech, based in London and Dubai, has secured financing of $5 million to expand further into South Asia. They've raised a total of $10 million in equity and…
Syngenta Pakistan has entered into an MoU with C-Shine Pakistan, marking the launch of the first-ever Syngenta Professional Solutions (SPS) Franchise in Pakistan. This strategic collaboration is set to revolutionize…
HBL and EXIM (Export-Import Bank of Pakistan) signed a Memorandum of Understanding (MoU) to collaborate in the structuring and implementing EXIM’s Trade Credit Insurance facilities to support Pakistan’s export growth.…
· We anticipate the central bank to initiate the first round of monetary easing with a token rate cut of 100-150bps in the upcoming committee meeting. · Both Ghana and Sri Lanka,…
JazzCash and the State Bank of Pakistan (SBP) have joined forces to revolutionize financial transactions at cattle markets ahead of Eid-ul-Azha. This partnership enables the use of interoperable RAAST QR…
Karandaaz Pakistan, an impact investment platform dedicated to driving sustainable economic growth and strengthening financial and social protection systems for inclusion, announced its partnership with PostEx, a leader in e-commerce…
Building on their dedication to youth empowerment, BankIslami, Pakistan's leading Islamic bank, proudly announces the successful completion of the BankIslami Umeed Digital Certifications Program on May 31, 2024. This program,…
The total liquid foreign reserves held by the country stood at US$ 14,315.4 million as of May 24 2024. The break-up of the foreign reserves position is as follows: Foreign…
Ithmaar Holding, the parent company of Faysal Bank Pakistan, held its EOGM today to get the approval of its shareholders for the proposed sale and transfer of certain assets, approximately…
Today at the annual Visa Payments Forum for Central and Eastern Europe, Middle East and Africa, Visa unveiled a suite of new products and services that will revolutionize the card…
Meezan Bank, Pakistan's leading Islamic bank, has officially commenced operations with Meezan Exchange Company Limited (MECL), its wholly-owned subsidiary in Karachi. MECL will offer remittance and forex services to all…
The Digital Banking Initiative of JS Bank, Zindigi, has partnered with 5th Pillar Family Takaful, a prominent provider of Takaful products and services, to make Hajj and Umrah pilgrimages more…
The graduation ceremony for the flagship Islamic Finance Talent development program – Meezan Justuju, was held today at the Institute of Business Administration (IBA) in Karachi. Chairman IBA CEIF (Centre…