Pakistan's largest digital bank, Mobilink Microfinance Bank Limited (MMBL) has signed a strategic partnership with Quwat, the fintech arm of Industrus – a tech service provider catering to the needs…
Bank Alfalah, one of the largest commercial banks in the country, got accoladed by the prestigious Institute of Bankers Pakistan (IBP) at the Pakistan Banking Awards for its services and…
With a keen focus on offering innovative Islamic retail banking products and services, Faysal Bank Limited (FBL) has been at the forefront of setting new benchmarks in the Islamic retail…
Workers' remittances recorded an inflow of US$2.1 billion during Nov 22. During Nov 2022, remittances decreased by 4.8 percent on m/m and by 14.3 percent on y/y basis. With cumulative…
MCB Bank Limited, one of Pakistan's leading Banks, has entered into an agreement with Bookme.pk, the leading provider of e-ticketing services in Pakistan. This partnership aims to facilitate a hassle-free…
BankIslami, Pakistan's leading Islamic bank, has received an Inclusion Award for its significant contribution towards Financial Inclusion in the BINAE Inclusion Awards 2022 held on the occasion of International Day…
Intending to leapfrog the digital ecosystem in Pakistan, Bank Alfalah has signed a Memorandum of Understanding (MoU) with Ignite, a public sector company with the Ministry of Information Technology and…
BankIslami, Pakistan's leading Islamic financial institution with 350+ branches in more than 123 cities became the lead sponsor for VisionHer event "Women, Wellbeing, Work" which was learning, mentoring and networking…
Pak-Qatar Family Takaful Limited and U Microfinance Bank (U Bank), Pakistan's fastest-growing microfinance bank, have strategically signed a landmark BancaTakaful agreement. Under this collaboration, family Takaful products will be offered…
The Federal Government vide Gazette Notification F.No.2(1)IF-III/2010 dated December 23, 2021, had extended the last date for exchangeability of old design large size banknotes of Rs 10, 50, 100 &…
The Federal Government vide Gazette Notification F.No.2(1)IF-III/2010 dated December 23, 2021, had extended the last date for exchangeability of old design large size banknotes of Rs 10, 50, 100 &…
A Letter of Intent (LOI) has been signed between the National Bank of Pakistan (NBP) and Sindh Irrigated Agriculture Productivity Enhancement Project (SIAPEP), Govt. of Sindh at Karachi for collaboration…
Faysal Bank Limited (FBL) and Bank of Khyber have partnered to launch a suite of digital financial services featuring virtual & debit card services along with added digital payment solutions.…
ASA Microfinance Bank (Pakistan) Ltd, a wholly-owned subsidiary of ASA International Group plc, one of the world's largest global microfinance institutions providing micro-loans to emerging entrepreneurs across Asia and Africa,…
Telenor Microfinance Bank (TMB), operator of Pakistan's leading digital payments platform Easypaisa, has received US$ 15 million (PKR 3.4 billion) equity injection from its shareholders Telenor Group and Ant Group.…
In the monetary policy meeting held today (25th Nov'22), the State Bank of Pakistan (SBP) has hiked the benchmark policy rate by 100bps to 16%. To recall, the last hike of…
At today's meeting, the Monetary Policy Committee (MPC) decided to raise the policy rate by 100 basis points to 16 percent. This decision reflects the MPC's view that inflationary pressures…
Meezan Bank, Pakistan's leading Islamic bank has been recognised among the top two winners as 'Employer of the Year' by Employers Federation of Pakistan (EFP) – Pakistan's largest forum for employers. The…
The total liquid foreign reserves held by the country stood at US$ 13,645.0 million as of 18-Nov-2022. The break-up of the foreign reserves position is as under:- Foreign reserves held…
Meezan Bank, Pakistan's leading Islamic bank and Pakistan Mortgage Refinance Company (PMRC), a Mortgage Liquidity Facility set up by the State Bank of Pakistan, have recently inked a Master Musharakah…
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…
