Hysab Kytab - a leading FinTech that offers a suite of financial management solutions- has signed a strategic partnership with Winikon – an IT services company specialized in the banking…

As per the amendments made to the Budget announced on June 10th, the recurring tax rate for Banks appears to be 43% instead of the 47% being determined earlier. In our Budget…

National Bank of Pakistan (NBP), the largest public sector commercial bank, has taken measures to reduce power and energy consumption across its network in the country. The initiative will support…

State Bank of Pakistan (SBP) has launched a series of videos in national and regional languages about agriculture financing products and procedures to create awareness among the farming communities across…

The Paymob, the leading omni-channel financial services platform in the MENAP region, signed an agreement with National Institutional Facilitation Technologies (NIFT) to facilitate digital payments in Pakistan and to secure payment…

BenchMatrix has successfully facilitated Standard Chartered Bank Pakistan (SCBPL) in the installation and implementation of its RiskNucleus® GRC, with the goal to digitize the Bank's compliance risk management processes. The…

Pakistan's leading fintech JazzCash, in collaboration with Bank of Khyber (BoK), is strengthening the country's digital payments ecosystem. JazzCash users living in Khyber Pakhtunkhwa (KPK) will now be able to…

Khushhali Microfinance Bank Limited is one of the leading financial institutions in Pakistan, with a vision to accelerate socio-economic development, by promoting financial inclusion of the vast unbanked segment in…

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…