Pakistan posted a Current Account Deficit (CAD) of USD 703mn for the month of Aug'22 compared to a deficit of USD 1.5bn during Aug'21, down 54% YoY. On a YoY…

Pakistan's largest digital bank, Mobilink Microfinance Bank Limited (MMBL) has collaborated with Careem, a pioneer in the Middle East region's ride-hailing economy, to provide its Captains health insurance services over…

The total liquid foreign reserves held by the country stood at US$ 14,317.4 million as of 9-Sep-2022. The break-up of the foreign reserves position is as under:- Foreign reserves held…

The State Bank of Pakistan (SBP) has suspended, with immediate effect, the authorization of two Exchange Companies, namely, Swiss International Exchange Company-B (Pvt.) Limited and Great Union Exchange Company-B (Pvt.)…

Workers' remittances recorded an inflow of US$2.7 billion during August 2022, says State Bank of Pakistan today.  In terms of growth, remittances increased by 7.9 percent on m/m and by…

The total liquid foreign reserves held by the country stood at US$ 14,473.5 million as of 2-Sep-2022. The break-up of the foreign reserves position is as under:- Foreign reserves held…

Meezan Bank, Pakistan's leading Islamic bank has launched Point of Sale (POS) payment and online payment gateway services to further enhance its digital retail offering and fast-track the country's digital…

Extending a winning legacy that spans over a decade, Pakistan's largest digital bank, Mobilink Microfinance Bank Limited (MMBL) has been awarded the title of "Most Innovative Microfinance Bank – Pakistan…

The total liquid foreign reserves held by the country stood at US$ 13,403.5 million as of 26-Aug-2022. The break-up of the foreign reserves position is as under:- Foreign reserves held…

The Board of Directors of Faysal Bank Limited, in their meeting held on August 25, 2022, approved the financial statements of the Bank for the half year ended June 30,…

It has been noticed that a few complaints have been circulating on social media platforms regarding non-acceptance of donations from general public in "CM Flood Relief Fund" of KP and…

A series of training videos have been launched in national and regional languages, by the State Bank of Pakistan (SBP), with a vision to create awareness about agriculture-financing products and…

For half year ended June 2022, the Bank achieved 155% increase in its operating profit before provisions and reported Rs. 4.1 billion as compared to Rs. 1.6 billion in the…

State Bank of Pakistan (SBP) has assigned annual agriculture credit disbursement target of Rs1,800 billion to the financial institutions for FY23 to cater to the agriculture credit demand in the…

Adamjee Insurance Pakistan's Leading Insurance Company announced that it had signed an agreement with Sehat Kahani, a leading telemedicine platform aiming to provide health care (OPD) services as value added…

Meezan Bank and Samba Bank in collaboration with the Embassy of Pakistan in Bahrain hosted a reception at the Gulf Hotel, Manama - Bahrain by inviting prominent Non-Resident Pakistanis and…

Pakistan's largest Digital Bank, Mobilink Microfinance Bank's (MMBL) efforts to promote digital and financial inclusion across Pakistan, were recognized at the recent 5th edition of the Leaders in Islamabad Business…

As per the latest data compiled by SBP, in Jul'22 Current Account recorded a deficit of USD1.2bn as compared to USD851mn in the SPLY while on a sequential basis deficit…

MCB held its conference call today whereby they discussed the banks' financials and its future outlook. The call was led by the CFO Mr. Hammad Khalid.  Brief Takeaways · MCB…

Mastercard and LMK Resources Pakistan (Private) Limited (LMKR) have formalized a strategic partnership to oversee the implementation of the country's first open-loop transit payment solution in a bid to further accelerate Pakistan's…

HBL will provide Multinet with 7-year long-term funding of PKR 2.1 billion (US$10.1 million) for its 'Digital Infrastructure Facility' backed by a PKR 1.57 billion (US$7.6 million) credit risk guarantee…

SBP has kept the policy rate unchanged as domestic demand has started to moderate and recent trade data points toward improving external account. The pause after 800bps of hike since…

The total liquid foreign reserves held by the country stood at US$ 13,613.3 million as of 12-Aug-2022. The break-up of the foreign reserves position is as under:- Foreign reserves held…

Allied Bank Limited (ABL) announced its 1HCY22 results today where the bank reported consolidated NPAT of PkR6.8bn (EPS: PkR5.96) compared to PkR8.9bn (EPS: PkR7.75) in the same period last year.…

The Board of Directors of MCB Bank Limited (MCB) in its meeting under the Chairmanship of Mian Mohammad Mansha, on August 17, 2022, reviewed the performance of the Bank and…