As the demand for fast, secure and simple digital payments across borders continues to grow, UBL and NayaPay have collaborated to enable users in Pakistan to receive international remittances from over…
The monetary policy committee of SBP will convene on Monday (October 10, 2022). We expect SBP to keep the policy rate unchanged at 15% in the upcoming monetary policy. To…
The Pakistan Cricket Board and Bank Alfalah have entered a four-year partnership to revive school cricket across the country. As per the partnership agreement, the PCB and Bank Alfalah will jointly…
Paymob, the leading Omni channel payments gateway and financial technology enabler in the MENAP region, has signed a memorandum of understanding (MoU) with medIQ Smart Healthcare, Pakistan's first integrated virtual…
SBP has amended foreign exchange regulations to promote documentation and transparency in the foreign exchange transactions between exchange companies. In terms of revised rules, it has been made mandatory for…
The total liquid foreign reserves held by the country stood at US$ 13,761.9 million as of 23-Sep-2022. The break-up of the foreign reserves position is as under:- Foreign reserves held…
Mastercard has set a GUINNESS WORLD RECORDS™ title for the 'Highest Altitude Game of Football (Soccer) on a Parabolic Flight' alongside football legend Luis Figo and a diverse team of football heroes from across…
Faysal Bank Limited (FBL) collaborates with Pakistan Freelancers Association to facilitate the freelancer community through providing Shariah Compliant digital financial solutions and capacity building of freelancers. The partnership initiated since…
To further enhance transparency and promote documentation in the foreign exchange transactions, the State Bank of Pakistan has advised the Exchange Companies that all foreign currency sale transactions of USD…
President Korangi Association of Trade and Industry (KATI) Salman Aslam welcomed the decrease in the current account deficit to 700 million dollars last month. He said that the current account…
Pakistan's largest digital bank, Mobilink Microfinance Bank Limited has announced the conversion of all of its Bank Contract Employees to Full-Time Employees (FTEs). Under the policy change, contractual employees will…
Pak-Qatar Asset Management Company Limited (PQAMCL) recently announced that SECP has accorded approval for the launch of its Shariah Compliant Collective Investment Schemes (Mutual Funds). PQAMCL is going for IPO…
The total liquid foreign reserves held by the country stood at US$ 14,069.9 million as of 16-Sep-2022. The break-up of the foreign reserves position is as under:- Foreign reserves held…
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…
