Korangi Association of Trade and Industry (KATI) President Salman Aslam, while expressing concern over the hike in interest rates by SBP, said that raising interest rates to 13.75% would lead…

The State Bank of Pakistan is scheduled to announce its monetary policy on May 23, 2022. The experts expect SBP to increase the policy rate by 1.0% to 13.25% from…

Foreign Direct Investment (FDI) dropped by 2.36 per cent in the first ten months (July-April) of the current fiscal year 2021-22 as multinational companies and foreign investors of various sectors…

The total liquid foreign reserves held by the country stood at US$ 16,161.0 million as of 13-May-2022. The break-up of the foreign reserves position is as under:- Foreign reserves held…

Partnership will enable OPay customers to pay on global online platforms backed by Mastercard's secure Mastercard virtual payment solution linked to the OPay wallet OPay consumers will enjoy a superior…

Pak-Qatar Takaful Group, which comprises of Pak-Qatar Family Takaful Limited and Pak-Qatar General Takaful Limited, reviewed and approved the financial statements of both the Companies for the year ended December…

State Bank of Pakistan (SBP) has noticed that an increasing number of offshore foreign exchange trading websites, mobile applications and platforms such as OctaFX, Easy Forex, etc. are offering their…

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…