PACRA, a renowned credit rating company has harmonized the Insurer Financial Strength rating of Pak-Qatar General Takaful Limited (PQGTL) at 'A+' with Stable Outlook. The rating assigned signifies high capacity…
Standard Chartered Bank Pakistan Limited (SCBPL) announced the appointment of Saadya Riaz as Head of Consumer, Private and Business Banking (CPBB). Saadya has been associated with Standard Chartered (SC) for…
In light of the emergency Monetary Policy (MPC) meeting held on April 7th, 2022, the next regular meeting of the MPC is now scheduled for May 23rd, 2022. In line…
TPL Insurance Limited, a subsidiary of TPL Corp Limited, is pleased to announce that the Company has entered into a Share Subscription Agreement and a Shareholders Agreement with Finnfund, a major development…
Pakistan's largest digital bank, Mobilink Microfinance Bank Limited (MMBL) has signed a Memorandum of Understanding (MoU) with the Islamabad Women Chamber of Commerce & Industry (IWCCI) to promote and strengthen…
The State Bank of Pakistan released its second quarterly report of payment systems for the fiscal year 2021-22 today covering the period October – December 2021. The report presents an…
The total liquid foreign reserves held by the country stood at US$ 17,028.1 million as of 08-April-2022. The break-up of the foreign reserves position is as under:- Foreign reserves held…
As per decision of the Federal Government the State Bank of Pakistan (SBP) will observe six days working week with the following office hours during the month of Ramadan-ul-Mubarak, which…
Faysal Bank Limited, the best emerging Islamic bank in Pakistan & TPL Life Insurance (Window Takaful Operations) (TPLL), Pakistan's 1st InsurTech, have joined hands to offer "Women Takaful Coverage" to…
Bank Alfalah, one of Pakistan's leading financial institutions has joined hands with Jubilee general insurance, the country's premier insurance solution provider to form a strategic alliance that will enable a…
Mr. Irfan Iqbal Sheikh, President FPCCI, has expressed his profound disappointment and concerns over an unexpected and massive hike in the key policy rate, i.e. 250 bps by the Monetary…
Mr. Asif Peer, CEO and Managing Director at Systems Limited, and Mr. Najeeb Agrawalla, CEO at 1LINK, joined hands to accelerate business transformation efforts through informed data-driven technology, contributing to…
President of Korangi Association of Trade and Industry (KATI) Salman Aslam has expressed concern over the sudden increase in interest rate by SBP by 2.5% and setting the policy rate…
The total liquid foreign reserves held by the country stood at US$ 17,476.9 million as of 01-April-2022. The break-up of the foreign reserves position is as under:- Foreign reserves held…
Bank Alfalah has partnered with Pakistan Freelancers Association (PAFLA) to facilitate digital payments and collections for freelancers. Under the partnership, PAFLA will acquire the ability to enable freelancers in selling…
Meezan Bank, Pakistan's leading Islamic bank has recently signed an agreement with Sui Northern Gas Pipelines Limited (SNGPL), the largest integrated gas company in North Central Pakistan, to enable digitalization…
Meta is collaborating with the National Institute of Banking and Finance (NIBAF), a subsidiary of the State Bank of Pakistan (SBP) to train and up-skill Pakistani women entrepreneurs in order…
Mashreq Bank, one of the leading financial institutions in the United Arab Emirates, has appointed Alexander Raiff as its new Group Head of Technology, Transformation and Information, starting on 1st…
Mr. Muhammad Afaq Khan has been appointed as the new President of MCB Islamic Bank Limited by the Board of Directors of the Bank. Mr. Raza Mansha, Chairman of the…
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…