Strategic partnership between Visa and Zindigi-Powered by JS Bank aims to promote financial inclusion and digital transformation, and will facilitate digital payments across merchant network in Pakistan.Zindigi powered by JS…

BankIslami Pakistan Limited is proud to announce the inauguration of the Tarjuman call. This groundbreaking initiative, spearheaded by the HR and Phone Banking department, aims to provide unparalleled support and…

The Saudi Fund for Development (SFD), on behalf of the Kingdom of Saudi Arabia, has extended the term for the deposit of USD 3 billion, maturing on 05 December 2023,…

Technological solutions and customer awareness are two crucial aspects of combating the rising incidents of financial crimes across the country, said Federal Banking Ombudsman Sirajuddin Aziz. Speaking as a guest…

Jubilee Life Insurance, Pakistan's largest private sector insurance company, proudly celebrated its 5th consecutive year of collaboration with SEED Ventures on the Enterprise Challenge Pakistan (ECP), the country's premier business…

Mobilink Bank won the prestigious Best Bank for Inclusion title at the Pakistan Banking Awards (PBA) 2023, held at Pearl Continental Hotel, Karachi, on Friday, November 24. The accolade highlights…

The total liquid foreign reserves held by the country stood at US$ 12,302.3 million as of 17-Nov-2023. The break-up of the foreign reserves position is as under: Foreign reserves held…

BankIslami Pakistan Limited proudly announces the signing of a Memorandum of Understanding (MOU) with The Pakistan Freelancers' Association (PAFLA), marking a significant milestone in facilitating the burgeoning freelance community in…

Eastnets, a global provider of compliance and payment solutions for the financial services sector, will host a conference on "Financial Crime in the Digital Age" on November 25 at the…

In a pioneering move, Chikoo, a leading digital business platform, and Bank Alfalah, one of the top commercial banks in Pakistan, announced their strategic partnership at the largest technology conference, +92Disrupt,…

Governor State Bank of Pakistan (SBP), Mr. Jameel Ahmad, launched SBP's strategic plan, SBP Vision 2028, for the period 2023-2028 in a ceremony held today at SBP Karachi, which was…

FINCA Microfinance Bank is taking initial steps to explore a potential merger or acquisition with TPL Corp, Abhi Limited, with a non-binding letter of intent, subject to the approval of…

Islamic Finance, guided by Shariah principles, is a values-driven approach to investment that promotes justice and prohibits unethical, speculative, and usurious practices. It plays a pivotal role in supporting the…

The total liquid foreign reserves held by the country stood at US$ 12,535.5 million as of 10-Nov-2023. The break-up of the foreign reserves position is as under: Foreign reserves held…

In a recent development, the Federal Cabinet has approved the imposition of 40% tax on banks' foreign exchange earnings of the years 2021 and 2022. This decision was made in…

The Institute of Business Management's (IoBM) two-day International Conference on Islamic Banking and Finance (ICBIF) 2023 began today. Focusing on the theme of "Sustainable Development and Islamic Finance: Examining the…

Bank Alfalah and J.P. Morgan Payments have come together to form a strategic engagement to empower individuals to experience real-time transactions like never before under J.P. Morgan's Xpedite Remit Service,…

Pakistan's leading digital microfinance bank, Mobilink Bank, outperformed at Veon's Ignite Awards held in Istanbul by winning in three of the most highly contested categories, including 'Double-Digit Growth', 'Financial Services',…

Survey finds 95% of commuters in Pakistan expect transit to offer contactless payment options. Findings reveal a growing acceptance of contactless payments among the public. 57% of survey audience would…

The total liquid foreign reserves held by the country stood at US$ 12,614.2 million as of 03-Nov-2023. The break-up of the foreign reserves position is as under: Foreign reserves held…

In a significant development for Islamic finance, Meezan Bank, Pakistan's leading Islamic bank has joined hands with SAFCO Microfinance Company Private Limited (SMCL) to establish its inaugural Islamic microfinance branch,…

Workers' remittances recorded an inflow of US$2.5 billion during Oct 23. In terms of growth, during Oct 2023, remittances increased by 11.5 percent on m/m and 9.6 percent on y/y…

JS Investment Limited (JSIL) has announced the launch of JS Islamic Premium Fund (JSIPF), a shariah-compliant investment solution for its investors. This new offering is a straightforward, medium-risk investment solution…

Visa, a world leader in digital payments, and Reward, a global pioneer in bank loyalty, are joining forces to introduce Visa's Card Linked Offers solution in Pakistan. Through the partnership,…