Jubilee Life Insurance, Pakistan's largest private sector insurance company, has signed an MOU with Telenor Pakistan, one of the country's largest telecommunications service providers, to bring unprecedented ease and accessibility…
Highlights: Profit before tax of PKR 38.1 billion, up 73 per cent year on year Highest ever revenue of PKR 46.6 billion, growth of 70 per cent year on year…
Meezan Bank, Pakistan's leading Islamic bank, has been recognised at the first 'The Digital Technology Awards - AccounTech Innovation Congress' held by The Institute of Chartered Accountants of Pakistan (ICAP).…
The prospect of Pakistan's development stands interlinked with the adoption of Islamic banking principles, asserted Faraz-ur-Rehman, President of the Korangi Association of Trade and Industry (KATI). Addressing the Sirat Islamic…
JS Bank, one of the fastest-growing banks in Pakistan, unveiled its financial performance for the first half of 2023. The report underscores a trajectory of growth across multiple financial indicators.…
BAHL has posted 2QCY23 NPAT of PKR7.6bn (EPS: PKR6.83), up a sharp 63% YoY but lower by 29% QoQ. The result is better than our estimated 2Q EPS of PKR5.25,…
The first half of 2023 has marked its significance for BankIslami, as it attained a notable milestone by securing a 'AA-' long term entity rating assigned from PACRA. This rating…
Mashreq, one of the leading financial institutions in the MENA region, is proud to announce its successful incorporation in Pakistan. This marks a significant milestone in Mashreq's strategic expansion and underlines its…
The United Insurance Company (UIC) continues to enjoy a stable outlook despite the country's overall decline in economic conditions, which is an achievement. Pakistan Credit Rating Agency (PACRA) has maintained,…
The total liquid foreign reserves held by the country stood at US$ 13,379.0 million as of 11-Aug-2023. The break-up of the foreign reserves position is as under: Foreign reserves held…
Summit Bank Limited on Tuesday convened its Extraordinary General Meeting (EOGM), where the shareholders granted their consent for the name of the Bank to be changed from 'Summit Bank Limited'…
The Board of Directors of Bank Alfalah Limited (BAFL), in its meeting held on August 10, 2023, approved the Bank's financial results for the half year ended June 30, 2023.…
According to the State Bank of Pakistan, workers' remittances recorded an inflow of US$2 billion during July 23. During July 23, remittances decreased by 7.3 percent on m/m basis and by 19.3 percent on y/y basis. Remittances inflows during July 23 were mainly…
Karandaaz Pakistan, in collaboration with the National Institute of Banking and Finance (NIBAF) and Gilgit Baltistan Rural Support Programme (GBRSP), successfully conducted a comprehensive series of financial literacy training sessions…
JS Bank, one of the fastest-growing banks in Pakistan, wins the Asian Banking and Finance (ABF) Corporate & Investment Banking Awards 2023 for Green Deal of the Year. This recognition…
The Board of Directors of MCB Bank Limited (MCB) in its meeting under the Chairmanship of Mian Mohammad Mansha, on August 02, 2023, reviewed performance of the Bank and approved…
Bank Alfalah, a leading commercial bank in Pakistan, reported the highlights of the first half of 2023 during Phase-2 of its comprehensive rehabilitation and rebuilding initiative, which started with immediate…
Zindigi, powered by JS Bank, in collaboration with Mastercard, is set to revolutionize the mass transit system in Karachi. This transformative partnership aims to enhance public transport accessibility, convenience, and…
Visa (NYSE:V), the world's digital payments leader has officially inaugurated its new office in Pakistan. Visa's expanded on-ground presence in Pakistan is a testament to its commitment to supporting the…
Meezan Bank, Pakistan's leading Islamic bank, has introduced Meezan WhatsApp Banking, a hassle-free service that empowers both individual customers and businesses to conveniently access a wide range of Account Management…
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…