The total liquid foreign reserves held by the country stood at US$ 9,564.5 million as of 07-Apr-2023. The break-up of the foreign reserves position is as under: Foreign reserves held…

Pakistan's leading microfinance institution, Mobilink Microfinance Bank Ltd. (MMBL) and MateSol, a blockchain-based invoice verification platform with a global footprint, have signed a Memorandum of Understanding (MoU) to offer better…

State Bank of Pakistan released its first and second quarterly report of Payment Systems for the Fiscal Year 2022-23 today covering the period July to December 2022. The report presents…

TPL Insurance, the market leader in innovations underpinned by customer-centricity in the insurance segment, is proud to announce another first in the industry. The company has completed a pilot launch…

Workers' remittances recorded an inflow of US$2.5 billion during Mar 23. In terms of growth, during Mar 23, remittances increased by 27.4 percent on m/m and decreased by 10.7 percent on y/y basis.…

Mobilink Microfinance Bank Limited (MMBL) has partnered strategically with Rahim & Sons Enterprises, a leading integrated engineering service provider, and K&S Solar Energy, a reputable alternative energy solutions provider. Through…

Bank Alfalah, one of Pakistan's leading commercial banks, has announced a strategic partnership with Network of Organizations Working For People With Disabilities Pakistan (NOWPDP), a non-profit organization to empower persons…

In the monetary policy meeting held today (4th Apr''23), the State Bank of Pakistan (SBP) increased the benchmark policy rate by another 100bps to 21%, a record high. To recall,…

Pakistan: Mastercard and Illusions Online, a global leader in enterprise solutions for the hospitality industry, have partnered to launch a unique online platform to bring customised travel offers to Mastercard…

President of FPCCI – the country's apex body – Mr. Irfan Iqbal Sheikh, has categorically apprised the government that Pakistan's entire business, industry and trade community has refused to accept…

At today's meeting, the Monetary Policy Committee (MPC) increased the policy rate by 100 basis points to 21 percent. The MPC noted that inflation in March 2023 rose further to…

Meezan Bank, Pakistan's leading Islamic bank, has surpassed USD 1.5 billion in deposit inflows under Roshan Digital Account (RDA). The State Bank of Pakistan launched RDA in collaboration with various…

The total liquid foreign reserves held by the country stood at US$ 9,815.9 million as of 24-Mar-2023. The break-up of the foreign reserves position is as under: Foreign reserves held…

Bank Alfalah, a leading commercial Bank in Pakistan and SAWiE, a digital platform offering smart farm advisory services to smallholder farmers, signed an MoU to promote climate-smart agriculture practices within…

SBP's next Monetary Policy Committee (MPC) meeting will be held on the 4th of April, 2023. In order to gauge the view on monetary policy outlook, Topline Research polled key…

Meezan Bank, Pakistan's leading Islamic bank and PaySa, a fintech startup specializing in digital payments, have partnered to enable Point of Sale (POS) payment services to tap into the country's…

NdcTech, a premium technology services firm transforming banks and financial institutions globally has successfully modernized the core banking system of Samba Bank onto the latest release of Temenos Transact. Samba…

Bank Alfalah, one of the leading commercial banks in Pakistan, has announced Instant Credit Card (ICC). Instant Credit Cards offer a completely automated digital application journey that allows both liability…

Standard Chartered Bank (Pakistan) Limited (SCBPL) has launched Pakistan's First Sustainable Trade Export LC Programme. SCBPL is supporting Louis Dreyfus Company (LDC) export cotton sourced through the world's leading cotton…

The total liquid foreign reserves held by the country stood at US$ 10,139.2 million as of 17-Mar-2023. The break-up of the foreign reserves position is as under: Foreign reserves held…

During the ensuing holy month of Ramadan-ul-Mubarak 1444 AH, the following office hours will be observed in the State Bank of Pakistan, which will also be followed by all banks,…

Bank ABC, one of MENA's leading international banks, has signed agreements with Temenos and NdcTech to replace its core banking systems for its retail, corporate and wholesale businesses and power…

Meezan Bank, Pakistan's leading Islamic Bank and one of the largest banks in the country has been recognized as the global winner of 'Best Islamic Retail Bank' for 2022, by…

The State Bank of Pakistan will remain closed for public dealing on Friday, March 24, 2023, which shall be observed as a 'Bank Holiday' for deduction of Zakat since 1st…

As per the latest data compiled by SBP in Feb'23, the current account recorded a deficit of USD74mn as compared to USD230mn in Jan'23, signifying an improvement of 68%MoM (USD156mn),…