The State Bank of Pakistan (SBP) has issued its annual flagship publication, the Financial Stability Review (FSR) for CY22. The Review is being published in terms of requirements prescribed in…

Returning conviction With the IMF staff-level agreement in place, the much-needed breathing space for Pakistan's economy reinforces our liking for the banking sector. The absence of banks from debt restructuring…

Chairman of National Business Group Pakistan, President Pakistan Businessmen and Intellectuals Forum, and All Karachi Industrial Alliance, and former provincial minister Mian Zahid Hussain said on Wednesday that the previous…

Pakistan Telecommunication Company Limited (PTCL) and National Bank of Pakistan Limited (NBP) have agreed to provide primary Data Center colocation services at PTCL's Tier-III Data Center facility. Zarrar Hasham Khan,…

BankIslami, Pakistan's leading Islamic bank, is delighted to announce that it has been upgraded to an AA- rating. This prestigious rating reaffirms the bank's commitment to excellence, sound financial management,…

VIS Credit Rating Company Limited has reaffirmed the entity ratings of Meezan Bank Limited ('MEBL' or 'the Bank') at 'AAA/A-1+' (Triple A/ A-One Plus). The medium to long-term rating of…

Pakistan's leading Islamic financial institution, BankIslami, has received the prestigious Best Bio-Technology Award for its innovative OneTouch Banking solution at the Pakistan Digital Awards 2023. The award ceremony, held on…

The Pakistan Credit Rating Agency (PACRA) has maintained the long-term and short-term entity ratings of Pakistan Microfinance Investment Company (PMIC) at 'AA' (Double A) and 'A1+' (A One Plus), respectively.…

Jubilee Life Insurance, Pakistan's largest private sector insurance company, has again aced at the esteemed Pakistan Digital Awards 2023. The insurance company was honoured with the Best Social Media Campaign…

In the statement after its meeting on 12th June, the Monetary Policy Committee (MPC) viewed the then monetary policy stance as appropriate to achieve the price stability objective "barring any…

Mastercard has partnered with SimpliFi, the leading regional Cards as a Service (CaaS) platform, to enhance digital payment adoption in the Middle East and North Africa (MENA). CaaS is an…

Discount World (DW) – An organization that caters more than 13 million + customer base of all the leading banks, insurance industry, pharmaceuticals, financial institutes and corporate entities of Pakistan,…

Pak-Qatar Group, Pakistan's premier and pioneer Islamic financial services group, has recently signed an MoU with Institute of Cost and Management Accountants of Pakistan (ICMAP). The MoU has been signed…

The total liquid foreign reserves held by the country stood at US$ 9,378.2 million as of 9-Jun-2023. The break-up of the foreign reserves position is as under: Foreign reserves held…

Jubilee Life Insurance, Pakistan's largest private sector insurance company, proudly supported the send-off event for the Special Olympics Pakistan contingent participating in the prestigious Special Olympics World Games, Berlin, 2023.…

As part of its ongoing mission to advance financial inclusion across the board, Mobilink Bank has signed a Memorandum of Understanding (MoU) with Vision-Building Future (VBF) to address existing disparities…

EFU General, a leading insurance company, has launched its WhatsApp Chatbot service to provide customers with a quick and easy communication channel. With the increasing use of WhatsApp as a…

Karandaaz, a prominent organization at the forefront of promoting financial inclusion and driving digital transformation in Pakistan, is pleased to announce its strategic partnership with Vizpro, a leading player in…

Former President of the Islamabad Chamber of Commerce and Industry (ICCI) Dr. Shahid Rasheed Butt said on Wednesday said that the current alarming situation of the economy is the result…

The monetary policy committee is set to commence its next meeting on June 12th, 2023 and we expect the SBP to hold the policy rate at 21% in this meeting.…

Meezan Bank, Pakistan's leading Islamic bank has recently established a partnership with Fauree Tech Pvt Limited, a Fintech company specializing in supply chain solutions. The partnership shall serve to establish…

TPL Life Muavin, Pakistan's first virtual earning and learning platform, continues to grow and reach a new milestone of surpassing 60,000 potential life insurance agents registering onto the portal. This…

Governor State Bank of Pakistan Mr. Jameel Ahmad has said that Pakistan's banking industry was investing in technological upgrades to facilitate its customers and improving their overall banking experience. He…