The monetary policy committee of SBP will convene on Friday (November 25, 2022). We expect SBP to keep the policy rate unchanged at 15% in the upcoming monetary policy. To…
The State Bank of Pakistan (SBP) has suspended, with immediate effect, the authorization of two Exchange Companies, namely, Orient Exchange Company-B (Pvt.) Limited and Best Way Exchange Company-B (Pvt.) Limited…
Telenor Microfinance Bank is the first Bank in Pakistan that has successfully rolled out a digital first business model which allows it's 11 million monthly active users to utilize its…
The total liquid foreign reserves held by the country stood at US$ 13,796.2 million as of 11-Nov-2022. The break-up of the foreign reserves position is as under:- Foreign reserves held…
The announcement from the Ministry of Finance last week that it will advise the State Bank of Pakistan and National Bank to withdraw their appeal against the Federal Shariat Court's…
On the world's biggest shopping day, 11.11, AlfaMall, Bank Alfalah's e-commerce marketplace for customers and merchants, has pledged a seamless user experience with its 'Buy Now, Pay Later feature. This will enable…
Chairman of National Business Group Pakistan, President Pakistan Businessmen and Intellectuals Forum, All Karachi Industrial Alliance, and former provincial minister Mian Zahid Hussain on Friday lauded the decision of the…
Workers' remittances recorded an inflow of US$2.2 billion during October 2022, says a statement issued by State Bank of Pakistan today. During October 2022, remittances decreased by 9.1 percent on…
The total liquid foreign reserves held by the country stood at US$ 13,721.0 million as of 04-Nov-2022. The break-up of the foreign reserves position is as under:- Foreign reserves held…
The State Bank of Pakistan organized a Sustainable Banking Conference, in collaboration with IFC, a member of the World Bank Group, today in a local hotel in Karachi. The objective…
A high-level meeting was held between the Governor, State Bank of Pakistan (SBP) and the Director General, Federal Investigation Agency (FIA) on November 8, 2022. The meeting took stock of…
Creators are driving a revolution in digital commerce and culture – producing content that entertains, engages, and educates online communities in powerful new ways. To serve this growing category of…
Faysal Bank Limited as part of its digital transformation journey has introduced a new innovative feature of Donation Payments via its WhatsApp banking channel. Faysal Islami WhatsApp Banking enables its…
Pakistan's largest digital bank, Mobilink Microfinance Bank Limited (MMBL), has recently launched the 2nd edition of its 9 Point Agenda for Financial Inclusion, a policy document aimed at fostering digital financial…
The National Bank of Pakistan has won the Best Bank Award in Asia-Pacific for 2022 as Global Finance announced its 29th Annual Best Bank Awards. Global Finance regularly selects the…
Insurance is a mechanism that can facilitate social mobility by allowing individuals and families to overcome shocks that can affect their wealth and future income-generating capacities. The possibility of accessing…
Jubilee Life Insurance, the largest private sector insurer in Pakistan, has extended its list of special acknowledgements with the Asia Money Award 2022. AsiaMoney is a prestigious platform that adjudges…
The Board of Directors of Faysal Bank Limited (FBL), in their meeting held on October 27, 2022, approved the financial statements of the Bank for the nine months ended September…
Meezan Bank- Pakistan's leading Islamic bank has donated Rs. 35 million to Indus Hospital & Health Network for installation of a solar panels system. The initiative is part of the…
The total liquid foreign reserves held by the country stood at US$ 13,162.2 million as of 21-Oct-2022. The break-up of the foreign reserves position is as under:- Foreign reserves held…
BankIslami Pakistan Limited ('the Bank' or 'BankIslami') announced its financial results for the quarter ended September 30, 2022. For nine months, BankIslami closed operating profits before provision at Rs. 7.79 Bn,…
Profit before tax of PKR 36.4 billion, up 98 per cent year on year Overall revenue growth of 70 per cent Healthy increase in total assets of 11 per cent…
State Bank of Pakistan has suspended, with immediate effect, the authorization of an Exchange Company –B, namely M/s Mega Currency Exchange Company –B (Pvt) Limited, till further orders due to…
Paymob, the leading omni-channel payments facilitator in MENAP, and JazzCash, Pakistan's leading Fintech and part of VEON Group, announce their partnership to expand digital payments acceptance in Pakistan. JazzCash mobile…
The Board of Directors of MCB Bank Limited (MCB) in its meeting under the Chairmanship of Mian Mohammad Mansha, on October 26, 2022, reviewed the performance of the Bank and…
