Meezan Bank, Pakistan's leading Islamic bank has recently launched Meezan Justuju - a fully funded talent development program for fresh graduates in collaboration with IBA-CEIF (Institute of Business Administration –…
Jubilee Life Insurance, Pakistan's largest private sector insurance company, hosted a graduation ceremony at Beach Luxury Hotel Karachi to celebrate its first batch of 'Tech Graduates' the term specifying Tech…
Khushhali Microfinance Bank Limited (KMBL), the first-specialized microfinance bank in Pakistan, commemorated its achievement for the fiscal year 2023 (FY 2023). The newly established recovery unit of the microfinance bank…
Bank Alfalah, a leading commercial Bank in Pakistan, reported the highlights of 2023 during Phase 2 of its comprehensive rehabilitation and rebuilding initiative, which started with immediate rescue and relief in Phase 1 in…
Standard Chartered Pakistan and Haier Pakistan have recently signed a strategic agreement to digitise Haier Pakistan's value-chain and optimise their cashflows. Standard Chartered will transform Haier Pakistan's paper-based payments to…
T- Bill Auction: Yields decrease by 44-59bps In yesterday's Market Treasury Bills (T-Bill) Auction, the cut-off yields of 3M, 6M, and 12M tenors came down by 45bps, 44bps, and 59bps, respectively.…
The National Bank of Pakistan (NBP) has embarked on a new initiative with the NBP Digital App to streamline and improve the digital customer experience for account holders, including both…
Workers' remittances recorded an inflow of US$2.4 billion in Dec 23. In terms of growth, on Dec 23, remittances increased by 5.4 per cent on m/m and 13.4 per cent…
The MPC is scheduled to convene its upcoming session in Jan'24, marking the first meeting of CY24. It is anticipated that the SBP will maintain the policy rate at 22%…
The total liquid foreign reserves held by the country stood at US$ 13,220.6 million as of 29-Dec-2023. The break-up of the foreign reserves position is as under: Foreign reserves held…
Mobilink Bank, Pakistan's leading digital microfinance institution, partnered with the National Institute of Banking & Finance (NIBAF) to share its vision and practices with the entire banking industry as a…
Bank Alfalah Limited, one of the leading commercial banks in Pakistan, achieved two significant milestones with the launch of its 1000th branch and the surpassing PKR 2 trillion deposits, reflecting its enduring commitment…
Mobilink Bank stood out for its commitment to empowering Micro, Small, and Medium Enterprises (MSMEs), constituting a significant 36% of its total loan portfolio and a noteworthy MSME Growth (YoY)…
The quarterly Payment Systems Report for the quarter Q1 of FY2023-24 is released by the State Bank of Pakistan (SBP), highlighting key advancements within the country's payment ecosystem and providing…
JazzCash, a pioneering force in the fintech sector, is proud to announce its strategic collaboration with Mastercard, positioning itself as the first mobile wallet in Pakistan to bring tap-and-pay functionality…
Meezan Bank, Pakistan's leading Islamic bank, has recently signed a Memorandum of Understanding (MoU) with Pakistan Freelancers Association (PAFLA) to extend specialized banking services to the freelance community. The MoU…
SI Global Solutions, a preeminent system integration and IT powerhouse in Pakistan, garnered distinguished recognition at the recent Lenovo UK Summit held in London. Standing out amidst a multitude of…
JS Investments Limited, Pakistan's first private sector asset management company, announces the launch of its latest offering – the JS Fixed Term Munafa Fund. Designed to meet the diverse needs…
The total liquid foreign reserves held by the country stood at US$ 12,068.4 million as of 15-Dec-2023. The break-up of the foreign reserves position is as under: Foreign reserves held…
MCB held its conference call on December 20, 2023 whereby they discussed the banks' financials and its future outlook. The call was led by the CFO, Mr. Hammad Khalid. Brief…
Bank Alfalah, one of the leading commercial and digital banks, inaugurated Pakistan's first Digital Payments Sales and Service Centers- digital payments hubs strategically positioned in the vibrant and bustling Badar…
In a ground-breaking move, Daraz, Pakistan's leading e-commerce platform, has partnered with global payments technology company Visa to introduce co-branded cards for e-commerce usage. This strategic alliance is set to…
The 63rd meeting of Meezan Bank's Shariah Board held at Darul Uloom, Karachi under the Chairmanship of Justice (Retd.) Muhammad Taqi Usmani, along with other members of the Shariah Board,…
Visa Inc., a world leader in digital payments and TECH5, an innovator in biometrics and digital identity management, have signed a strategic collaboration agreement focusing on developing and enhancing digital…
U Microfinance Bank (U Bank), one of the largest microfinance banks in Pakistan, has forged a strategic partnership with Bank Alfalah Limited, one of the country's largest commercial banks, to…