In line with market consensus, MPC of the SBP increased policy rate by another 1% to 17% mainly driven by inflationary pressures. The SBP highlighted that the cost of short-term…
ZoodPay, a leading digital lending platform for e-commerce in the Middle East and Central Asia, has entered into a strategic partnership with Mastercard to launch the first-of-its-kind prepaid virtual installment…
· The Current Account Deficit for the month of Dec'22 clocked in at US$400mn, compared to US$252mn in the earlier month and US$1.9bn in the SPLY. The country recorded a…
· To gauge market expectations, AKD held a poll, wherein most participants, ~57% of responses, expect the MPC to increase interest rates in the country by 75-100bps. Another 15% expect the…
· Total deposits of scheduled banks dropped by 1.2%MoM to PkR22.5tr at the end of Dec'22. This marks the first time in about 20 years that deposits have concluded the…
The total liquid foreign reserves held by the country stood at US$ 10,443.6 million as of 13-Jan-2023. The break-up of the foreign reserves position is as under: Foreign reserves held…
It is the religious and constitutional duty of all to lay out a roadmap for the conversion of the financial system of Pakistan to riba-free according to the injunctions of…
Faysal Bank Limited (FBL) has always kept abreast with the latest developments in Digital Banking Technology and has aggressively implemented the same in all segments, wherever required. In continuation of…
The President and CEO of BankIslami, Pakistan's leading Islamic financial institution, Syed Amir Ali spoke as a panellist at the 4th Financial Crime Summit with the theme "Post-FATF Financial Crime…
Meezan Bank, Pakistan's leading Islamic bank has recently launched its 'Employee Satisfaction Survey (ESS)' countrywide at a launch ceremony held at the Bank's Head Office, Karachi. The event, which was…
HABIBMETRO Sirat – The Islamic banking brand of HABIBMETRO Bank, organized the first HABIBMETRO Sirat Islamic banking summit which was attended by various stakeholders including SBP, PSX & SECP officials…
Visa, the world leader in digital payments, has announced the appointment of Umar Khan, who will lead its operations in the country in his new role as Country Manager for…
HBL, the largest and best bank in Pakistan, has partnered with NayaPay to facilitate real-time cross-border transaction flows into Pakistan. Customers can now receive foreign remittances through HBL's partnering money…
This Visa Debit Card is linked directly to the customer's easypaisa account and enables the user to make payments at any of the 90,000+ card accepting POS merchants in the…
National Bank of Pakistan (NBP) has been recognized at the Global Diversity, Equity and Inclusion Benchmarks (GDEIB) Awards 2023. The Bank won a total of four awards in categories of…
Topline Research conducted a Poll from market participants to assess their view on the upcoming Monetary Policy announcement scheduled on Jan 23, 2023 and their key macro estimates. As per…
State Bank of Pakistan (SBP) has issued no objection certificates to the following five (05) applicants for establishing digital banks: (i) Easy Paisa DB (Telenor Pakistan B.V & Ali Pay…
Bank Alfalah continuing its rich legacy of being the industry leader in digitizing the retail landscape of Pakistan, Bank Alfalah has entered into an aggregator partnership with SnappRetail. This partnership…
With the commitment to redefining insurance in Pakistan through continuous innovation and product enhancement, TPL Insurance has entered the Metaverse focusing on its next generation of customers. To create awareness…
HR Metrics has recognized Mobilink Microfinance Bank Limited (MMBL), Pakistan's largest digital bank, for being a leader in Diversity, Equity, and Inclusion (DEI) in the following categories: Diversity and Inclusion…
State Bank of Pakistan (SBP) has issued an Islamic banking license to Faysal Bank Limited (FBL), making it the second-largest full-fledged Islamic bank in Pakistan. Commenting on the momentous occasion,…
BankIslami, Pakistan's leading Islamic bank, and Institute of Business Management (IoBM), one of the top academic institutes in the country entered into an agreement to establish a "Center for Islamic…
The total liquid foreign reserves held by the country stood at US$ 11,707.2 million as of 23-Dec-2022. The break-up of the foreign reserves position is as under: Foreign reserves held…
Meezan Bank, Pakistan's leading Islamic Bank, has launched the Meezan Visa Infinite Card – the top debit card among the cards portfolio offering one of the highest limits and greatest…
JazzCash, Pakistan's leading Fintech and Central Directorate of National Savings (CDNS), Pakistan's largest investment and financial institution, signed a Memorandum of understanding (MoU) for Disbursement and Collection solutions. Through this…
