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…
Mastercard has partnered with JazzCash, Pakistan's largest digital wallet provider, serving over 43 million accounts, to revolutionise digital payments by introducing affordable acceptance solutions nationwide. The partners are launching QR…
Zarrar Hasham Khan, Group Chief Business Solutions Officer, PTCL & Ufone 4G and Syed Ata Hussain Jaffri, EVP Head of IT, Sindh Bank, signed the agreement at a ceremony recently…
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…
