The total liquid foreign reserves held by the country stood at US$ 8,726.5 million as of 17-Feb-2023. The break-up of the foreign reserves position is as under: Foreign reserves held…

Faysal Bank Limited (FBL) achieved the landmark of Rs. 1 trillion in Balance Sheet footings with a record Profit Before Tax of Rs. 22.4 billion, 67% higher than the last…

Mastercard has signed a strategic MOU with Pakistan's Punjab Central Business District Development Authority (PCBDDA) to turn the community into a cashless economic zone and drive digital transformation in the…

Mobilink Microfinance Bank Limited (MMBL) is partnering with the Swiss Capacity Building Facility (SCBF), a Switzerland-based innovative public-private platform, and the Arab Gulf Programme for Development (AGFUND), a Saudi Arabia-based…

 Highlights: Record profit before tax of PKR 50.1 billion, up 102 per cent year on year Highest ever revenue of PKR 62.6 billion, growth of 68 per cent Healthy increase…

Bank Alfalah, one of the leading commercial Bank in Pakistan, participated in recruitment career fairs at various universities where it engaged with students for its 9th Management Trainee Program called…

The Board of Directors of Meezan Bank approved the financial statements of the Bank and its consolidated financial statements for the year ending December 31, 2022. The meeting was chaired by…

The Board of Directors of Meezan Bank,  approved the financial statements of the Bank and its consolidated financial statements for the year ended December 31, 2022. The meeting was chaired…

Mastercard today announced that it is partnering with Network International, the leading enabler of digital commerce across the Middle East and Africa, to address fraud, declines and chargebacks in order…

Standard Chartered Bank Pakistan Limited (SCBPL) has launched a special bank account for Women named 'SC Sahar Women's Account'. This innovative facility will cater to the evolving needs of the…

State Life Insurance Corporation of Pakistan (SLIC) held its Annual Marketing Convention in Pearl Continental Bhurban to congratulate its vigorous workforce and determined management team and celebrate the strongest annual…

With the aim to help increase financial inclusion, especially of underserved groups in the country, Karandaaz is all set to launch a comprehensive demand-side survey – Karandaaz Financial Inclusion Survey…

The total liquid foreign reserves held by the country stood at US$ 8,741.7 million as of 27-Jan-2023. The break-up of the foreign reserves position is as under: Foreign reserves held…

The Board of Directors of Bank Alfalah Limited (BAFL), in its meeting held on February 2, 2023, approved the Bank's financial results for year ended December 31, 2022.  The Bank…

There has been a narration in print & electronic media that suggests that capping the dollar price caused a loss of $3 billion in remittances and exports. SBP would like…

Faysal Bank partnered with Mercantile Pakistan (Authorized Apple Distributor) to provide a facility of Buy Now Pay Later (BNPL) at a zero percent profit rate to its customers using its…

In line with SBP's vision to transform banks' branches into disability-friendly branches for Persons with Disability (PWD); NBP has inaugurated its first branch having state-of-the-art facilities for PWD on Shaheed…

MCB Bank Limited, one of Pakistan's leading banks, has entered into a strategic partnership with Telenor Pakistan, a leading telecommunication services provider, to facilitate its digital banking customers with greater…

Visa, the world leader in digital payments, signed an MoU with WIZZIT to bring innovative payment solutions to Pakistan. According to the MOU, Visa will invest in adding new payment…

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…