BankIslami, the country's leading Islamic financial institution, sponsored one of the most popular festival dedicated to food and entertainment which came full circle with its final event in Lahore from…
The Islamic Banking Industry (IBI) has reached new peaks during CY21 as its assets surpassed the 5 trillion mark to reach Rs5,577 billion with the highest ever increase of Rs1,308…
The 73rd Annual General Meeting of National Bank was held today at Karachi and was also open for participation through online electronic means. The meeting was attended by the Chairman…
State Bank of Pakistan (SBP) has granted Careem Pay with In Principle Approval (IPA) for an Electronic Money Institution (EMI) license in Pakistan The license will enable Careem Pay to…
The IPG Group Pakistan, a leading sports marketing and international events company and a renowned name in remittance initiative events is facilitating the launch of Roshan Digital Account (RDA) drive…
· Banking sector spread for Feb'22 stood at 4.61% - the highest in 16 months as interest rate hikes in the last quarter of the previous year began to affect…
The State Bank of Pakistan has suspended with immediate effect the authorization of an Exchange Company namely M/s Noble Exchange International (Pvt) Limited till further orders for violation of SBP…
HBL & MCB BANK participate in the Pakistan day event held by the Pakistan Consulate for Riyadh, KSA on 23rd March, 2022 VIP attendance was made by His Excellency, Ameer…
Governor State Bank of Pakistan, Dr. Reza Baqir unveiled a report titled 'SDGs and sustainability report – Pakistan banking sector perspective' in Dubai on March 23, 2022. The report was…
The largest digital bank of Pakistan, Mobilink Microfinance Bank Limited (MMBL) is ushering in unparalleled enablement for Pakistani traders and merchants by allowing them to book inventory on credit, via…
Meezan Bank - Pakistan's first and largest Islamic bank has successfully instituted an Islamic alternate to Inland Bill Discounting Facility for Huawei Technologies Pakistan (Pvt.) Limited – a first-of-its-kind transaction…
In an overwhelming response to the first ever Mera Pakistan Mera Ghar (MPMG) Mela organized by State Bank in Faisalabad, banks logged in applications of Rs18 billion from applicants. In…
We raise our CY22/23f EPS estimates for MEBL by 10%/5% as we build higher margins and a larger balance sheet. This is partly offset by higher admin costs while we…
With the increase in online transactions, customer demands are changing, and to keep up with them banks must embrace human-centric and customer-first digital transformation. The patron of building a fully…
Standard Chartered - Karachi United Football League concluded at Kings Football Ground, Ayub Park Rawalpindi, by Standard Chartered Bank Pakistan Limited in collaboration with the Karachi United Youth Football Club.…
The total liquid foreign reserves held by the country stood at US$ 22,283.4 million as of 11-March-2022. The break-up of the foreign reserves position is as under:- Foreign reserves held…
CarFirst, Pakistan's largest used car trading platform, signed an MOU with HABIBMETRO, at CarFirst's regional office in Karachi to trade the fleet vehicles under HABIBMETRO's ijarah financing option. Under this…
Building on the measures taken in recent years to encourage financing to priority areas, State Bank of Pakistan (SBP) has revised Prudential Regulations for Microfinance Banks (MFBs) with the goal…
Meezan Bank, Pakistan's first and largest Islamic bank held a learning session titled 'The Glorious Role of Women in Islam' for the female staff members of the Bank on International…
Pakistan Mortgage Refinance Company (PMRC) one of the premier and fastest growing DFI in Pakistan issued its largest syndicated 5 Year TFC of PKR 5 billion, in line with the…
Meezan Bank, Pakistan's first and largest Islamic bank, has recently introduced mobile-based contactless payment service for its customers through its Mobile Banking App. Based on the Near Field Communications (NFC)…
The Bank of Punjab (BOP), one of the leading financial institutions in Pakistan has signed an agreement with Infobip Pakistan for offering WhatsApp Banking as an additional communication channel to…
The total liquid foreign reserves held by the country stood at US$ 22,773.8 million on 19-November-2021. The break-up of the foreign reserves position is as under:- Foreign reserves held by…
According to the State Bank of Pakistan (SBP), the total liquid foreign reserves held by the country was decreased and stood at US$ 20,058.6 million on 12-February-2021. The break-up of…
TPL Insurance, Pakistan's first direct insurance Company, has entered into a strategic partnership with Let's Compare. An MoU was signed between the two companies at the TPL Insurance Head Office…
