After four consecutive months of Current Account Deficit (CAD), Pakistan recorded a Current Account Surplus (CAS) of US$9mn in Nov 2023. Tighter monetary and fiscal policy along with administrative steps…
Bank Alfalah, a leading commercial bank in Pakistan and the International Finance Corporation (IFC) formalised a Green Banking Advisory Agreement. This agreement underscores Bank Alfalah's dedication to fostering sustainable and…
Mr Farhan Faridi, Group Head, Retail Operations, Marketing and Administration at Jubilee Life Insurance, receives the Top 25 Companies Award by Pakistan Stock Exchange from Honorable Prime Minister of Pakistan…
The total liquid foreign reserves held by the country stood at US$ 12,206.4 million as of 08-Dec-2023. The break-up of the foreign reserves position is as under: Foreign reserves held…
Pak-Qatar Family Takaful and Instaful Solutions have entered into a strategic partnership to introduce Inclusive BancaTakaful, a first-of-its-kind initiative in the country. BancaTakaful, an innovative distribution model, involves offering Takaful…
Faraz-ur-Rehman, President of the Korangi Association of Trade and Industry (KATI), voiced disappointment over the State Bank's decision to maintain the interest rate at 22%. Despite expectations of a reduction…
Meezan Bank, a pioneer in Islamic banking, acted as lead Joint Financial Advisor in the groundbreaking listed Ijarah Sukuk Issuance for the Government of Pakistan (GoP). This is the first…
Pakistan's leading digital microfinance bank, Mobilink Bank, has joined forces with a prominent fintech player, Unikrew Solutions, to drive women's financial inclusion in the country through a project funded by…
Reiterating its commitment to social responsibility, JS Bank, one of the fastest-growing banks in Pakistan, has partnered with the UKS Research Centre to raise awareness of Gender Equality and Women…
Zood, a leading digital lending platform for e-commerce in the Middle East and Central Asia, announced today that its waitlist for ZoodCard is now open to all Pakistan consumers. Powered by Mastercard, ZoodCard is…
At its meeting today, the Monetary Policy Committee (MPC) decided to maintain the policy rate at 22 percent. The decision does take into account the impact of the recent hike…
According to State Bank of Pakistan, workers' remittances recorded an inflow of US$2.3 billion in Nov 23. Regarding growth, during Nov 23, remittances decreased by 8.6 per cent on m/m and…
State Bank of Pakistan has issued draft Guidelines on Regulatory Sandbox for public consultation. The regulatory sandbox provides a controlled environment for innovators to test innovative products, business models, and…
Karandaaz Pakistan, a development finance firm at the forefront of promoting financial inclusion and driving digital transformation in Pakistan, held the first roundtable session to deliberate on Open Banking with…
Meezan Bank, Pakistan's leading Islamic bank, has recently formalized an agreement with Befiler to enhance the tax facilitation services available to freelancers. This collaboration aims to provide Meezan Freelancer Account…
The total liquid foreign reserves held by the country stood at US$ 12,107.1 million as of 01-Dec-2023. The break-up of the foreign reserves position is as under: Foreign reserves held…
JS Bank, one of the fastest-growing banks in Pakistan, has signed a memorandum of understanding (MOU) with the Security Organizing System (SOS) Pakistan. JS Bank will leverage its financial expertise…
Mobilink Bank has reaffirmed its commitment to fostering gender-responsive climate finance at the Conference of the Parties (COP28) held in UAE. Representing the bank, Chief Operating Officer Haaris Mahmood Chaudhary addressed…
State Bank of Pakistan has instructed its Regulated Entities (REs) to enable RAAST Person-to-Merchant (P2M) payment service for their customers. The Raast P2M system will enable merchants to accept payments…
Former President of the Islamabad Chamber of Commerce and Industry (ICCI), Dr Shahid Rasheed Butt, on Tuesday, said banks are making profits indiscriminately but have become indifferent to the protection…
JS Bank, one of the fastest-growing banks in Pakistan, announced the opening of its new branch in Hala, Matiari, Sindh. This strategic expansion is a significant step towards the Bank's…
Neem, a leading embedded finance platform in Pakistan, has entered a multifaceted partnership with Mastercard, a global technology company in the payments industry. The strategic multi-year collaboration will enable financial…
SBP's next Monetary Policy Committee (MPC) meeting will be held on Dec 12, 2023. In order to gauge the view on monetary policy outlook, Topline Research polled key market participants…
The Deposit Protection Corporation (DPC), a subsidiary of the State Bank of Pakistan, has released its third Annual Report for the year 2022-23 with objective to enhance awareness among bank…
The total liquid foreign reserves held by the country stood at US$ 12,392.8 million as of 24-Nov-2023. The break-up of the foreign reserves position is as under: Foreign reserves held…