Meezan Bank, Pakistan's leading Islamic bank, and Daraz, Pakistan's largest e-commerce platform, have signed a Memorandum of Understanding (MoU) to support and encourage using electric bikes in Pakistan. Through this…
Telenor Microfinance Bank, operator of Pakistan's leading digital financial services platform, easypaisa, has received In-Principle Approval (IPA) for Digital Retail Bank (DRB) license from the State Bank of Pakistan (SBP)…
Effective from September 22, 2023, a new 'Diamond' category has been added in the Sohni Dharti Remittance Program (SDRP). The new category is in addition to existing three categories namely,…
HugoBank is humbled to announce its receipt of the In-Principle Approval (IPA) for its Digital Retail Banking (DRB) license from the State Bank of Pakistan (SBP) under its Licensing and…
Zindigi, a key player in digital financial services, has joined forces with EFU Life Assurance, a leading life insurance provider in Pakistan. This partnership is aimed at offering insurance solutions…
Pakistan's currency has once again made headlines, but this time it's due to administrative measures that have resulted in the PKR gaining value in both the official interbank market and…
The Khushhali Microfinance Bank Limited and HBL Konnect have signed an agreement, enabling payments for Khushhali Bank customers through HBL Konnect branchless banking and agents network across Pakistan. The agreement…
Mastercard's strategic partnership with Delivery Hero, the world's leading local delivery platform, continues to fuel the growth of e-commerce in the Middle East and North Africa (MENA) region. Since announcing…
MEBL intends to establish an Exchange Company MEBL, in a notice today, has announced its intent to establish an Exchange Company, a strategic move influenced by recent structural reforms implemented…
Standard Chartered Bank has entered into a distribution agreement with Kashf Foundation. Through this arrangement, Standard Chartered will be offering Kashf Gender Bonds to the Bank's non-individual business banking clients.…
The total liquid foreign reserves held by the country stood at US$ 13,079.1 million as of 08-Sep-2023. The break-up of the foreign reserves position is as under: Foreign reserves held…
At its meeting today, the Monetary Policy Committee (MPC) decided to maintain the policy rate at 22 percent. This decision takes into account the latest inflation outturn reflecting the continuing…
State Life Insurance Corporation of Pakistan (SLIC) and JS Bank Limited have signed a Memorandum of Understanding (MoU) to provide seamless financial and insurance services to their customers and employees.…
OMI Hospital, a renowned healthcare institution based in Karachi, and Jubilee Life Insurance, Pakistan's largest private-sector insurance company, are pleased to announce their strategic partnership. Under this partnership, OMI Hospital…
According to Visa's latest Stay Secure study, overconfidence is leaving Pakistan's consumers open to becoming fraud victims. Despite more than half of respondents (56%, similar to the global average) claiming…
The monetary policy committee is set to commence its next meeting on Sept 14, 2023, and we expect the SBP to increase the policy rate by 150bps to 23.5% in…
EFU General takes great pride in announcing its recent achievement as the recipient of the esteemed 20th Annual Environment Excellence Award 2023 by the National Forum of Environment and Health…
Bank Alfalah, one of the leading commercial banks in Pakistan, strengthens its longstanding partnership with ACE Money Transfer, a leading fintech platform to enable overseas Pakistanis to remit money back…
Pakistan can transform its external debts, by opting for Islamic financial modes of IMF and World Bank, and domestic debts, through mechanisms like Mudarabah, Musharakah, and Murabaha, provided that the…
The total liquid foreign reserves held by the country stood at US$ 13,171.1 million as of 25 August 2023. The break-up of the foreign reserves position is as under: Foreign…
Mobilink Bank has entered a series of strategic partnerships to foster holistic well-being for its valued customers and dedicated employees. These partnerships underscore the Bank's commitment to advancing financial inclusivity…
Standard Chartered Bank Pakistan announced the strengthening of its Digital Banking Solution at a press conference today. This full-fledged client-centric solution will enable the Bank's clients to enjoy the benefits…
JS Bank has announced the successful acquisition of an additional 67.33% stake in BankIslami Pakistan Limited, a move that solidified its position as one of Pakistan's fastest-growing financial institutions. The…
Visa, the world's leader in digital payments has launched the Visa Ready To Launch (VRTL) program, giving fintech and non-banking entities a seamless experience in issuing payment products. NymCard is…
BankIslami, one of Pakistan's leading Islamic banks with an AA- rating, is thrilled to announce the signing a significant Memorandum of Understanding (MoU) with the prestigious Karachi School of Business…