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Telenor Microfinance Bank Announces PKR 1.2 Billion Pre-tax Profit for Financial Year 2023, a Testament to its Innovative Digital-First Banking Model ISLAMABAD  (  Web News  ) Telenor Microfinance Bank (TMB), operator of Pakistan’s leading digital financial services platform easypaisa, announced its financial results for the year ended December 31, 2023,Read More →

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Mobilink Bank registers a solid start to the year by doubling its revenue in Q1 2024 ISLAMABAD  (  Web News  ) Pakistan’s leading digital microfinance institution, Mobilink Bank, has reported a staggering 97% increase in revenue during Q1 2024 compared to the same period last year, marking a powerful startRead More →

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Bank Al-Falah Approves Offer From Bank Asia To Acquire Operation, Assets And Liabilities Of The Bank. ISLAMABAD  (  Web News  ) The Board of Directors of Bank Al-Falah Limited approved the offer from Bangladesh’s Bank Asia Limited to acquire the operations, assets, and liabilities of the bank. In a noticeRead More →

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Karachi  (  Web News  ) Three in four people would be happier living in a smart and connected city, according to a new report by Mastercard, which features insights related to human aspirations and technological progress for smart cities in the Middle East. By 2050, two-thirds of the world’s populationRead More →

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Karandaaz Pakistan and the Bank of Punjab Join Forces to Digitize Agriculture Lending ISLAMABAD  (  Web  News  ) The Bank of Punjab (BOP) and Karandaaz Pakistan join forces in a strategic alliance aimed at revolutionizing Pakistan’s Agriculture Sector under Karandaaz’s inaugural Digital Financing for Agriculture (DFA) Challenge 2023. The landmarkRead More →

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The decision to pay pensions to 11,500 pensioners of the National Bank is upheld National Bank should pay Rs 60 billion in a month as pension to 11,500 retired employees: Supreme Court ISLAMABAD  (  Web News ) The Supreme Court has upheld the decision to pay pension to 11,500 pensionersRead More →

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Zindigi and State Bank of Pakistan Drive Digital Evolution with Raast P2M LAHORE  (  Web  News  ) Zindigi aligning seamlessly with the strategic vision of the State Bank of Pakistan, leads innovation by empowering merchants nationwide with Raast  P2M Merchants Payments Ecosystem. Zindigi, powered by JS bank is one ofRead More →

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CCP Authorizes Acquisition of Pakistani Microfinance Bank by Dutch Company ISLAMABAD  (  Web  News  ) The Competition Commission of Pakistan (CCP) has approved the acquisition of Advans Pakistan Microfinance Bank Limited by a Dutch-based holding company, MNT–Halan Pak B.V. This transaction marks a significant development in the microfinance banking sectorRead More →

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Successful Completion of Initial Public Offering & Listing of BankIslami Ehad Sukuk II. LAHORE   (  Web  News  ) BankIslami is pleased to announce the successful completion of the Initial Public Offering (IPO) and the listing of BankIslami Ehad Sukuk II. This perpetual instrument, with an issue size of PKR 1.0Read More →

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Mobilink Bank and BizBpartner to drive financial inclusion, empowering women micro-entrepreneurs  ISLAMABAD  ( Web News  ) Mobilink Bank partnered with BizB, a leading marketplace in Pakistan, welcoming the company as a ‘Brand Ambassador Organization,’ to drive financial inclusion and bolster women micro-entrepreneurs nationwide. This symbiotic partnership strives to offer easilyRead More →

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JS Bank and Zindigi Unveil HER Debit Cards on International Women’s Day LAHORE   (  Web  News  ) In a significant step towards financial inclusion for women, JS Bank and Zindigi announced the launch of the JS HER Debit Card and the HER Zindigi Debit Card on International Women’s Day, markingRead More →

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“BankIslami Unveils Extraordinary Financial Triumph with Unprecedented Results.” LAHORE   (  Web  News ) BankIslami, a leading financial institution, has announced its remarkable financial results for the year ended December 31, 2023. The bank reported a staggering after-tax profit of PKR11.04 billion, showcasing its exceptional performance. Net profit and return surged byRead More →