Workers' remittances recorded an inflow of US$ 2.4 billion during September 2022, according to SBP. In terms of growth, during September 2022, remittances decreased by 10.5 percent on m/m and…
Pakistan's largest digital operator and the largest internet and broadband service provider, has partnered with OPay, a fast growing mobile payment Fintech company, to offer e-pin facility on point-of-sale (POS)…
Standard Chartered Bank (SCBPL) signed a memorandum of understanding with EFU Life Assurance Limited and IGI Life Insurance Limited whereby these partner companies will deploy dedicated sales staff at Standard…
At today's meeting, the Monetary Policy Committee (MPC) decided to maintain the policy rate at 15 percent. The MPC noted the continued deceleration in economic activity as well as the…
NdcTech, a leading IT & consulting firm providing transformational services for the banking sector globally and Temenos, the world's leading banking software company are pleased to co-host the 11th edition…
The total liquid foreign reserves held by the country stood at US$ 13,588.8 million as of 30-Sep-2022. The break-up of the foreign reserves position is as under:- Foreign reserves held…
Paymob, the leading omnichannel payments gateway, and financial technology enabler in MENAP, and Pakistan Freelancers Association (PAFLA) signed a memorandum of understanding (MOU) to facilitate payments acceptance for freelancers in Pakistan.…
Faysal Bank Limited (FBL), one of the leading Islamic Banks in the country, and K-Electric have come together to ease customer's payment burden in times of economic crunch. As part…
Meezan Bank, Pakistan's leading Islamic bank has been conferred with the top honour in the Financial Sector category at the Management Association of Pakistan's (MAP) 37th Corporate Excellence Awards ceremony…
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…
