Banking sector deposit growth slowed down to 14.2% YoY primarily on account of the 2.1% sequential decline recorded in Apr-22. Total deposits clocked in at PKR 20.1Trn while advances surged…
Standard Chartered Bank Pakistan Ltd. (SCBPL) in collaboration with Sindh Radiant Organization (SRO) plants 40,000 trees at the Clifton Urban Forest. The tree plantation was conducted with the support of…
BankIslami, Pakistan's leading Islamic financial institution with 340 branches in 123+ cities, sponsored Future Fest 2022 - one of the most comprehensive tech conferences in the country, held in Islamabad…
After three successful years in Pakistan, Standard Chartered Bank partnered with INNOVentures Global (Pvt.) Limited announced the launch the Cohort 4 of SCWomeninTech SCWomeninTech (WiT) supports female-led entrepreneurial teams with…
According to State Bank of Pakistan, with US $3.1 billion inflows during April 2022, workers' remittances crossed $3 billion for the first time ever. In terms of growth, during April…
The total liquid foreign reserves held by the country stood at US$ 16,375.7 million as of 06-May-2022. The break-up of the foreign reserves position is as under:- Foreign reserves held…
Zindigi - Pakistan's first customizable digital banking experience powered by JS is proud to bring Future Fest, Pakistan's largest tech conference and expo 2022, to be held in Islamabad from…
Mobilink Microfinance Bank Ltd. (MMBL), the largest digital bank in Pakistan, is celebrating 10 years of successful banking operations. With a focus on promoting financial inclusion across the country, MMBL…
The partnership between Bank Alfalah, one of the largest commercial banks in Pakistan and ACE Money Transfer, a leading online remittance provider, is all set to reach new heights with…
The National Bank of Pakistan, in line with its vision to become the nation's leading bank enabling sustainable growth and inclusive development joined hands with the Institute of Chartered Accountants…
Pakistan Kuwait Investment Company (Private) Limited (PKIC) a leading development financial institution in Pakistan has entered into a strategic alliance agreement with Enertech Holding Company KSC (Enertech) a subsidiary of…
Bank Alfalah Limited (BAFL), the country's leading financial institution and Jubilee Life Insurance Company Limited (JLICL), Pakistan biggest private sector insurer have come together, and signed an MOU for round…
The total liquid foreign reserves held by the country stood at US$ 16,553.2 million as of 30-April-2022. The break-up of the foreign reserves position is as under:- Foreign reserves held…
The much-awaited verdict of the Federal Shariat Court (FSC) on interest-free economy, despite being overly delayed, sets the course in the right direction by cogently answering all reservations put forward…
BankIslami Pakistan Limited ('the Bank' or 'Bankislami') announced its financial results for the quarter ended March 31, 2022. Underpinned by growth in customer base, increase in income levels and improvements…
On Friday, Chairman of National Business Group Pakistan, President Pakistan Businessmen and Intellectuals Forum, and All Karachi Industrial Alliance and Former Provincial Minister Mian Zahid Hussain said the possibility of a further…
Western Union, a global leader in cross-border, cross-currency money movement and payments, has announced the launch of its services with Bank Alfalah, one of the largest private banks in Pakistan.…
SBP has clarified that all banks and their branches shall remain open on Saturday, April 30, 2022 in line with central bank instructions embodied in BPRD Circular Letter No. 11…
The Board of Directors of MCB Bank Limited (MCB) in its meeting under the Chairmanship of Mian Mohammad Mansha, on April 27, 2022, reviewed the performance of the Bank and…
Meezan Bank Limited (MEBL) announced consolidated earnings of Rs9,244mn for 1Q2022 translating into an EPS of Rs5.64 up 51% YoY and 9% QoQ. Alongside the result, a dividend of Rs1.75/share…
The Board of Directors of Bank Alfalah Limited (BAFL), in its meeting held on April 26, 2022, revealed BAFL's financial results for the quarter ended March 31, 2022. The Bank's…
Khushhali Microfinance Bank Limited (KMBL) in collaboration with the Institute of Rural Management (IRM) has successfully completed the skill development program for women from Rawalpindi's marginalized communities. The aim of…
VIS Credit Rating Company and PACRA has harmonized the Insurer Financial Strength rating of Pak-Qatar Family Takaful Limited (PQFTL) at 'A++' with Stable Outlook. The rating assigned signifies high capacity…
JS Bank, a leading Commercial Bank of Pakistan has modernized its Core Banking platform with renowned IT company NdcTech as the implementation partner. This deployment is a central part of…
Pakistan's First Asset Management Company NITL has signed up with Hysab Kytab to provide end users/customers access to its family of funds within the consumer application. This collaboration will empower…
