SBP welcomes the Federal Shariat Court's Judgement of April 28, 2022 on Riba case, as has already been done by the Honorable Finance Minister. In particular, we appreciate the substantive…

Mobilink Microfinance Bank Limited (MMBL), Pakistan's largest digital bank, has been recognized for its services in offering innovative digital financial solutions at the 13th Annual Retail Banker International (RBI), Asia…

NdcTech, Pakistan's leading IT and consulting company was invited to showcase its offerings as a Silver Sponsor at the Temenos Community Forum 2022, one of the most prestigious banking technology…

Mastercard has reaffirmed its commitment to the GCC and wider region through the appointment of Mastercard veteran J.K. Khalil to lead its operations across the MENA East Cluster in his…

Pak-Qatar Family Takaful Limited (PQFTL) came into an MOU with Sehat Kahani, to promote Takaful products through the digital medium. Sehat Kahani and PQFTL aim to make Takaful products, affordable, and accessible for the…

Meezan Bank, Pakistan's leading Islamic bank, attained Payment Card Industry Data Security Standard certification (PCI DSS v3.2.1) by Payment Card Industry Security Council (PCI SSC) through PCI QSA Firm -…

The total liquid foreign reserves held by the country stood at US$ 14,210.4 million as of 17-Jun-2022. The break-up of the foreign reserves position is as under:- Foreign reserves held…

The State Bank of Pakistan, through BPRD Circular No. 02 of 2022, has informed the Presidents/ Chief Executives of All Banks/ DFIs/ MFBs to take the measures to conserve energy…

The State Bank of Pakistan (SBP) has issued its annual flagship publication, the Financial Stability Review (FSR) for CY21. The Review presents the performance and risk assessment of various segments…

The Islamic Banking Window of NBP Aitemaad at Main Branch, Rawalpindi, was inaugurated by Mr Gul Bahar Khan, EVP / General Manager – Islamabad Cluster and Mr Saquib Haider Loan,…

Pakistan Telecommunication Authority (PTA) and National Bank of Pakistan have signed a Memorandum of Understanding (MoU) for provision of consumer financing facilities to PTA employees. The MoU is aimed as…

After a turbulent two years, new research from the Mastercard Economics Institute reveals that global leisure and business flight bookings have surpassed pre-pandemic levels while spending on cruise lines, buses…

Pak-Qatar Family Takaful Limited (PQFTL) came into an MOU with WAADA, to promote Takaful products through the digital medium. WAADA and PQFTL aim to make Takaful products, affordable, and accessible…

Today on International Day of Family Remittances, as adopted by the United Nations General Assembly,5 Bank Alfalah recognizes the contributions of the migrant workforce of the sixth-largest remittance-receiving country in…

NBP has won the case entitled Harold Brown Sr., et al vs NBP filed in the United States District Court, Southern District Court, Second Circuit, New York. NBP had filed a motion…

State Bank of Pakistan has renewed the status of both credit rating agencies operating in Pakistan namely "VIS Credit Rating Company Limited (VIS)" and "The Pakistan Credit Rating Agency Limited…

Carrefour, owned and operated by Majid Al Futtaim in Pakistan, has introduced 'Mastercard Mondays'. Through this offer, in-store customers who spend above 5000 rupees through their Mastercard will get a…

Seven of the best-performing clients of Khushhali Microfinance Bank (KMBL) were shortlisted to win prestigious accolades at the "14th "Citi-PPAF Micro Entrepreneurship Awards – 2022". Five of these seven shortlisted…

The government has introduced major changes in Federal Budget FY23 for the banking sector, which will significantly impact the industry's bottom line. These changes include 1) an increase in the…

Financial inclusion is driving better access to health and education across Middle East and Africa, according to a new white paper from Mastercard. The study, Financial Inclusion+ - Connecting People to…

The total liquid foreign reserves held by the country stood at US$ 15,176.5 million as of 03-Jun-2022. The break-up of the foreign reserves position is as under:- Foreign reserves held…

As part of an ongoing quest to redefine healthcare in Pakistan using technology, Find My Doctor, in collaboration with TPL Insurance has launched state-of-the-art Insurance and Takaful Products for the…

The Government of Pakistan and the State Bank of Pakistan assure all account holders maintaining Foreign Currency Accounts (FCA), Roshan Digital Accounts (RDA) and Safety Deposit Lockers in banks in…

ITMinds Limited (ITMinds), a wholly owned subsidiary of Central Depository Company of Pakistan Limited (CDCPL), has entered into outsourcing arrangement with Pak Qatar Asset Management Company Limited (PQAMCL) & Pak Qatar…

Chief Executive Officer, Pakistan Banks Association, Tawfiq Hussain, said the banking sector is playing a vital role in the country's economic development and is supporting major initiatives of the government,…