BankIslami, Pakistan's leading Islamic financial institution, has become the first Islamic Bank to have successfully structured and disbursed Pakistan's first Shariah-compliant Electronic Warehouse Receipt (EWHR) financing issued under the repository…
Banking Ombudsman Pakistan Muhammad Kamran Shehzad said that more than 40 thousand customer complaints were received this year in which relief of 600 million was provided and it is hoped…
Mastercard and MCB Bank have entered a strategic partnership to boost financial inclusion in Pakistan and empower small businesses with Simplify Commerce, an all-in-one e-commerce technology solution. The agreement was…
In a move that will reshape the way consumers get access to digital financial services, Easypaisa, Pakistan's leading digital payments app has launched an industry first Credit Score Visibility feature…
In June, remittances rose to $2.76 billion, increasing by 18.4 percent on m/m basis and 1.7 percent on y/y basis. In June, remittances were mainly sourced from Saudi Arabia ($666…
The total liquid foreign reserves held by the country stood at US$ 15,610.5 million as of 07-Jul-2022. The break-up of the foreign reserves position is as under:- Foreign reserves held…
Standard Chartered Bank conducted a roadshow for Non-Resident Pakistanis based in the UAE. This event was brought forth with the support of the State Bank of Pakistan (SBP). The Standard Chartered…
Khushhali Microfinance Bank Limited (KMBL) is a winner of Pakistan's 'Best Microfinance Bank Award', with a vision for sustainable development, through professional excellence. In 2018, it pioneered the 'Khushhali Home…
In the monetary policy meeting held today (7th Jul'22), the State Bank of Pakistan (SBP) has increased the benchmark policy rate by 125bps to 15% (highest since March 1999). Moreover,…
National Investment Trust Limited (NITL), has declared its annual results for its funds under management for the year ended 30th June 2022. NITL has distributed total dividend of over Rs.…
Mastercard has announced a strategic partnership with Bank Alfalah, which will see the bank's online payment gateway infrastructure accept a wider array of cards, including the ability to make China…
The monetary policy committee of SBP will convene on Thursday (July 07, 2022) to announce the first scheduled monetary policy of FY23. We expect SBP to increase the policy rate…
Easypaisa, Pakistan's leading digital payments app, has partnered with the Bank of Khyber to ensure seamless distribution of funds to beneficiaries in KPK under the Insaf Food Programme. Through the…
As part of providing tailored solutions and unique value added features for our customers, Silkbank has launched All-in-One Current Account offering complimentary insurance coverages in collaboration with TPL Insurance as an insurance solution provider. To mark the…
BankIslami, Pakistan's leading Islamic financial institution, served as the title sponsor for Bahria Society of Professional Communication (BSPC) Talks, a platform where captivating stories and ideas are exchanged that have…
Pak-Qatar General Takaful signed MoU with Auto One - The largest Automotive marketplace for car buyers and sellers in Pakistan. They deal with numerous certified second-hand and used, cars from…
Chairman Businessmen Group in the KCCI, Zubair Motiwala, and KCCI President, Muhammad Idrees have extended gratitude to Prime Minister Shahbaz Sharif for taking interest in the implementation of the Federal…
Mobilink Microfinance Bank (MMBL), Pakistan's Largest Digital Bank has signed a Term Life Insurance Memorandum of Understanding (MoU) with the country's leading insurance service provider, Adamjee Life Assurance. This strategic…
Meezan Bank, Pakistan's leading Islamic bank, has installed its 1,000th Automated Teller Machine (ATM). This landmark cash dispensing terminal has been installed at Chashma in District Mianwali. Since its inception,…
The total liquid foreign reserves held by the country stood at US$ 16,195.6 million as of 24-Jun-2022. The break-up of the foreign reserves position is as under:- Foreign reserves held…
Hysab Kytab - a leading FinTech that offers a suite of financial management solutions- has signed a strategic partnership with Winikon – an IT services company specialized in the banking…
As per the amendments made to the Budget announced on June 10th, the recurring tax rate for Banks appears to be 43% instead of the 47% being determined earlier. In our Budget…
National Bank of Pakistan (NBP), the largest public sector commercial bank, has taken measures to reduce power and energy consumption across its network in the country. The initiative will support…
State Bank of Pakistan (SBP) has launched a series of videos in national and regional languages about agriculture financing products and procedures to create awareness among the farming communities across…
The Paymob, the leading omni-channel financial services platform in the MENAP region, signed an agreement with National Institutional Facilitation Technologies (NIFT) to facilitate digital payments in Pakistan and to secure payment…
