The Board of Directors of Bank Alfalah Limited (BAFL), in its meeting held on August 10, 2023, approved the Bank's financial results for the half year ended June 30, 2023.…

According to the State Bank of Pakistan, workers' remittances recorded an inflow of US$2 billion during July 23. During July 23, remittances decreased by 7.3 percent on m/m basis and by 19.3 percent on y/y basis. Remittances inflows during July 23 were mainly…

Karandaaz Pakistan, in collaboration with the National Institute of Banking and Finance (NIBAF) and Gilgit Baltistan Rural Support Programme (GBRSP), successfully conducted a comprehensive series of financial literacy training sessions…

JS Bank, one of the fastest-growing banks in Pakistan, wins the Asian Banking and Finance (ABF) Corporate & Investment Banking Awards 2023 for Green Deal of the Year. This recognition…

The Board of Directors of MCB Bank Limited (MCB) in its meeting under the Chairmanship of Mian Mohammad Mansha, on August 02, 2023, reviewed performance of the Bank and approved…

Bank Alfalah, a leading commercial bank in Pakistan, reported the highlights of the first half of 2023 during Phase-2 of its comprehensive rehabilitation and rebuilding initiative, which started with immediate…

Zindigi, powered by JS Bank, in collaboration with Mastercard, is set to revolutionize the mass transit system in Karachi. This transformative partnership aims to enhance public transport accessibility, convenience, and…

Visa (NYSE:V), the world's digital payments leader has officially inaugurated its new office in Pakistan. Visa's expanded on-ground presence in Pakistan is a testament to its commitment to supporting the…

Meezan Bank, Pakistan's leading Islamic bank, has introduced Meezan WhatsApp Banking, a hassle-free service that empowers both individual customers and businesses to conveniently access a wide range of Account Management…

MCB Bank, a leading financial institution, is delighted to announce its strategic partnership with Visa, the global payments technology company. This collaboration will accelerate the development and adoption of digital…

Pakistan Freelancers' Association (PAFLA) and Mobilink Microfinance Bank Limited (MMBL) signed a strategic partnership to bolster financial literacy, inclusivity, and entrepreneurship nationwide. Under the collaboration, PAFLA and Mobilink Microfinance Bank…

In a progressive move towards youth empowerment and fostering economic growth, BankIslami, Pakistan's leading Islamic Bank with an AA- rating, announced its strategic partnership with the esteemed Institute of Business…

In a game-changing collaboration, ABHI, a leading embedded finance platform, has partnered with BlueEx, Pakistan's only listed e-commerce logistics company, to offer e-commerce Revenue, Cash on Delivery Financing and inventory…

The total liquid foreign reserves held by the country stood at US$ 14,065.3 million as of 14 Jul 2023. The break-up of the foreign reserves position is as follows: Foreign…

Mobilink Bank signed two separate Memorandum of Understandings (MOUs) with the International Institute of Entrepreneurship (TIIES) and Pakistan Freelancers' Association (PAFLA) respectively. These collaborative partnerships aim to bolster financial literacy,…

SBP's next Monetary Policy Committee (MPC) meeting will be held on the 31st of July 2023. To gauge the view on monetary policy outlook, Topline Research polled key market participants…

UBL announced earnings today for 2QCY23 at PKR 12.7bn (EPS: PKR 10.4), depicting an uptick of 379% YoY while down by 11% QoQ. The rise in earnings on YoY basis…

In a recent visit to the Korangi Association of Trade and Industry (KATI), Muhammad Aurangzeb, chairman of Pakistan Business Council, president and CEO of Habib Bank Limited and Pakistan Banks…

Mobilink Bank achieved notable growth in loan disbursement and Gross Loan Portfolio (GLP) across two key segments, Women as well as Micro, Small, and Medium Enterprises (MSMEs), as evident in…

Pakistan posted a current account surplus of USD 334mn for June '23 compared to a deficit of USD 2.3bn during June '22. This marks the fourth consecutive monthly CA surplus.…

Summit Bank Limited is pleased to announce that the State Bank of Pakistan has granted its consent to change Summit Bank's name to Bank Makramah Limited (abbreviated as BML). This…

The banking sector outperformed KSE100 by 2.03% (total return 1.15%) during 1HCY23. In terms of profitability, during 2QCY23, the banking sector is expected to post jump in YoY earnings driven…

Jubilee Life Insurance, Pakistan's largest private sector insurance company, and Daewoo Express, the country's premier transportation service provider, are pleased to announce a one-of-a-kind strategic partnership offering insurance coverage to…

The total liquid foreign reserves held by the country stood at US$ 9,838.5 million as of 07-Jul-2023. The break-up of the foreign reserves position is as under: Foreign reserves held…

As anticipated, the Executive Board of the International Monetary Fund (IMF) have approved a 9-month Stand By Agreement (SBA) for Pakistan amounting to US$3bn (SDR 2,250mn). The approval allows for…