Bank Alfalah, one of the leading commercial banks in Pakistan, strengthens its longstanding partnership with ACE Money Transfer, a leading fintech platform to enable overseas Pakistanis to remit money back…
Pakistan can transform its external debts, by opting for Islamic financial modes of IMF and World Bank, and domestic debts, through mechanisms like Mudarabah, Musharakah, and Murabaha, provided that the…
The total liquid foreign reserves held by the country stood at US$ 13,171.1 million as of 25 August 2023. The break-up of the foreign reserves position is as under: Foreign…
Mobilink Bank has entered a series of strategic partnerships to foster holistic well-being for its valued customers and dedicated employees. These partnerships underscore the Bank's commitment to advancing financial inclusivity…
Standard Chartered Bank Pakistan announced the strengthening of its Digital Banking Solution at a press conference today. This full-fledged client-centric solution will enable the Bank's clients to enjoy the benefits…
JS Bank has announced the successful acquisition of an additional 67.33% stake in BankIslami Pakistan Limited, a move that solidified its position as one of Pakistan's fastest-growing financial institutions. The…
Visa, the world's leader in digital payments has launched the Visa Ready To Launch (VRTL) program, giving fintech and non-banking entities a seamless experience in issuing payment products. NymCard is…
BankIslami, one of Pakistan's leading Islamic banks with an AA- rating, is thrilled to announce the signing a significant Memorandum of Understanding (MoU) with the prestigious Karachi School of Business…
Jubilee Life Insurance, Pakistan's largest private sector insurance company, has signed an MOU with Telenor Pakistan, one of the country's largest telecommunications service providers, to bring unprecedented ease and accessibility…
Highlights: Profit before tax of PKR 38.1 billion, up 73 per cent year on year Highest ever revenue of PKR 46.6 billion, growth of 70 per cent year on year…
Meezan Bank, Pakistan's leading Islamic bank, has been recognised at the first 'The Digital Technology Awards - AccounTech Innovation Congress' held by The Institute of Chartered Accountants of Pakistan (ICAP).…
The prospect of Pakistan's development stands interlinked with the adoption of Islamic banking principles, asserted Faraz-ur-Rehman, President of the Korangi Association of Trade and Industry (KATI). Addressing the Sirat Islamic…
JS Bank, one of the fastest-growing banks in Pakistan, unveiled its financial performance for the first half of 2023. The report underscores a trajectory of growth across multiple financial indicators.…
BAHL has posted 2QCY23 NPAT of PKR7.6bn (EPS: PKR6.83), up a sharp 63% YoY but lower by 29% QoQ. The result is better than our estimated 2Q EPS of PKR5.25,…
The first half of 2023 has marked its significance for BankIslami, as it attained a notable milestone by securing a 'AA-' long term entity rating assigned from PACRA. This rating…
Mashreq, one of the leading financial institutions in the MENA region, is proud to announce its successful incorporation in Pakistan. This marks a significant milestone in Mashreq's strategic expansion and underlines its…
The United Insurance Company (UIC) continues to enjoy a stable outlook despite the country's overall decline in economic conditions, which is an achievement. Pakistan Credit Rating Agency (PACRA) has maintained,…
The total liquid foreign reserves held by the country stood at US$ 13,379.0 million as of 11-Aug-2023. The break-up of the foreign reserves position is as under: Foreign reserves held…
Summit Bank Limited on Tuesday convened its Extraordinary General Meeting (EOGM), where the shareholders granted their consent for the name of the Bank to be changed from 'Summit Bank Limited'…
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…
