Pakistan's leading digital microfinance bank, Mobilink Bank, outperformed at Veon's Ignite Awards held in Istanbul by winning in three of the most highly contested categories, including 'Double-Digit Growth', 'Financial Services',…
Survey finds 95% of commuters in Pakistan expect transit to offer contactless payment options. Findings reveal a growing acceptance of contactless payments among the public. 57% of survey audience would…
The total liquid foreign reserves held by the country stood at US$ 12,614.2 million as of 03-Nov-2023. The break-up of the foreign reserves position is as under: Foreign reserves held…
In a significant development for Islamic finance, Meezan Bank, Pakistan's leading Islamic bank has joined hands with SAFCO Microfinance Company Private Limited (SMCL) to establish its inaugural Islamic microfinance branch,…
Workers' remittances recorded an inflow of US$2.5 billion during Oct 23. In terms of growth, during Oct 2023, remittances increased by 11.5 percent on m/m and 9.6 percent on y/y…
JS Investment Limited (JSIL) has announced the launch of JS Islamic Premium Fund (JSIPF), a shariah-compliant investment solution for its investors. This new offering is a straightforward, medium-risk investment solution…
JazzCash, in partnership with EFU Life Assurance Ltd., has marked a significant milestone by introducing free life and health insurance for nano-loan customers. This initiative redefines responsible lending practices and…
Visa, a world leader in digital payments, and Reward, a global pioneer in bank loyalty, are joining forces to introduce Visa's Card Linked Offers solution in Pakistan. Through the partnership,…
Garaj, Pakistan's fastest-growing local cloud service provider, has partnered with Mobilink Microfinance Bank Ltd. (MMBL), VEON's financial services arm, to transform the Bank's branch networking infrastructure through the integration of…
Mobilink Bank exhibited significant growth in the first three quarters of 2023, as evidenced by the Q3 financial statements. This milestone highlights the Bank's dedication to supporting Micro, Small, and…
The total liquid foreign reserves held by the country stood at US$ 12,576.6 million as of 27-Oct-2023. The break-up of the foreign reserves position is as under: Foreign reserves held…
Pakistan's women entrepreneurs are invited to apply for grants worth USD 50,000, a tailored training program and access to networking and mentoring opportunities. Applications are open until 2 December 2023.…
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 Wednesday that there was scope…
Central Depository Company (CDC) has collaborated with the State Bank of Pakistan (SBP) for allowing investors to purchase mutual funds units using SBP's RAAST Payment Gateway. CDC has developed a…
Fatima Fertilizer, Pakistan's leading fertilizer manufacturing company, and Mastercard, a global technology company in the payments industry, have signed an agreement aimed at modernizing Pakistan's agricultural ecosystem by ensuring financial…
Mastercard has announced a strategic partnership with Euronet – an industry leader in processing secure electronic financial transactions – to bring Card-as-a-Service (CaaS) and Bank-as-a-Fintech (BaaF) solutions to Pakistan. The…
Pakistan listed banks profitability increased to record Rs163bn up 95% YoY in 3Q2023. This was primarily driven by significant jump in Net Interest Income (NII) amid high interest rates, and…
At its meeting today, the Monetary Policy Committee (MPC) decided to maintain the policy rate at 22 percent. The Committee noted that headline inflation rose in September 2023 as expected.…
Addressing a ceremony on "Promoting the use of RMB in Cross-Border Settlement" today, organized by ICBC Bank in the Jinnah Conventional Center Islamabad, Governor SBP Mr. Jameel Ahmad highlighted the…
Faysal Bank Limited (FBL), a leading Islamic bank in Pakistan, has recorded an operating profit of PKR 28 billion, an increase of almost 100% compared to last year. Net profit…
Highlights: Profit before tax of PKR 63.0 billion, up 73 per cent year on year Highest ever revenue of PKR 76.9 billion, growth of 70 per cent year on year…
In honor of World Breast Cancer Day, easypaisa, EFU Life Assurance Ltd., and Roche joined forces to unveil an innovative "Cancer Cover Plan." This pioneering initiative reflects the partners' unwavering…
The total liquid foreign reserves held by the country stood at US$ 12,655.6 million as of 20-Oct-2023. The break-up of the foreign reserves position is as under: Foreign reserves held…
The Board of Directors of Bank Alfalah Limited (BAFL), in its meeting held on October 26, 2023, approved the Bank's financial results for the period ending September 30, 2023. Bank…
BAHL has reported stellar 3QCY23 NPAT of PKR11.4bn (EPS: PKR10.24), more than double YoY and 50% QoQ. The result is much better than our estimated 3Q EPS of PKR7.90/sh, with…
