Banking Sector

Bank of AJK’s remittances crossed the highest level of Rs. 4.6 billion figure Under the patronage of the Government especially the Chairman of the Board of Directors, the supervision of the Bank President, business goals achieved

On: February 4, 2023

Tagged: Bank of AJK, Expatriate Kashmirs, highest level, Remittances, Rs. 4.6 billion

Strong confidence of expatriate Kashmiris, effective strategy, Bank of Azad Jammu and Kashmir’s remittances crossed the highest level of Rs. 4.6 billion figure Under the patronage of the Government especially the Chairman of the Board of Directors, the supervision of the Bank President, business goals achieved MUZAFARABAD ( WebRead More →

MMBL Joins Hands with Avanza Solutions to Launch DOST Corporate Portal Through this partnership, the DOST Corporate Portal is built upon the foundations of Avanza’s ‘Ambit Enterprise Banking Platform'

On: February 3, 2023

In: Banking Sector

Tagged: Avanza Solutions, Banking and financial needs, DOST Corporate Portal, Mobilink Microfinance Bank

MMBL Joins Hands with Avanza Solutions to Launch DOST Corporate Portal ISLAMABAD ( Web News ) Mobilink Microfinance Bank Limited (MMBL) has collaborated with Avanza Solutions to develop and deploy a state-of-the-art enterprise banking solution, DOST Corporate Portal. This platform is part of MMBL’s strategic pursuit to optimize operations andRead More →

Bank Alfalah kept its growth trajectory in 2022 The Bank posted profit after tax growth of 28.1% compared to last year, standing at Rs. 18.206 billion.

On: February 3, 2023

In: Banking Sector

Tagged: Bank Alfalah, Bank’s gross Rs. 765693 b, financial results, Growth of 28.1%

LAHORE ( Web News ) The Board of Directors of Bank Alfalah Limited (BAFL), in its meeting held on February 2, 2023, approved the Bank’s financial results for year ended December 31, 2022. The Bank posted profit after tax growth of 28.1% compared to last year, standing at Rs. 18.206Read More →

BOP, Akhuwat and NRSP sign agreements for financing through PMYB&AL Scheme Through this arrangement, BOP became the first bank to provide financing under PMYB&ALS for onward lending to small business owners and agriculture sector.

On: January 31, 2023

In: Banking Sector

Tagged: Akhuwat Islamic Microfinance, NRSP, PMYB&ALS, The Bank of Punjab

LAHORE ( Web News ) The Bank of Punjab signed agreements with Akhuwat Islamic Microfinance and National Rural Support Program (NRSP) to extend interest-free financing under the Prime Minister Youth Business & Agriculture Loan Scheme (PMYB&ALS). Through this arrangement, BOP became the first bank to provide financing under PMYB&ALS forRead More →

Visa and WIZZIT Sign an MoU to Launch Tap to Phone in Pakistan and Levant Partnership between Visa and WIZZIT aims to promote financial inclusion and digital transformation, and will facilitate digital payments

On: January 28, 2023

In: Banking Sector

Tagged: digital payments, strategic partnership., Tap-on-Phone, Visa, wizzit, WIZZIT mobile app

Visa and WIZZIT Sign an MoU to Launch Tap to Phone in Pakistan and Levant Strategic partnership between Visa and WIZZIT aims to promote financial inclusion and digital transformation, and will facilitate digital payments across merchant network in Pakistan KARACHI ( Web News ) Visa (V): Visa, the worldRead More →

Higest ever branches open by the bank of Punjab in 2022 The Bank of Punjab celebrated opening of its 780th branch in Lahore on 25th January 2023, making a total of 116 branches opened during 2022 only.

On: January 27, 2023

In: Banking Sector

Tagged: 116 branches, 780th branch, Islamic Banking, Mr. Zafar Masud, The Bank of Punjab

HIGHEST EVER BRANCHES OPENED BY THE BANK OF PUNJAB IN 2022 LAHORE ( Web News ) The Bank of Punjab celebrated opening of its 780th branch in Lahore on 25th January 2023, making a total of 116 branches opened during 2022 only. Mr. Zafar Masud (President & CEO – BOP)Read More →

Mastercard and ZoodPay join forces to launch first virtual installment card across EEMEA ZoodPay will serve as Mastercard’s lending partner for consumers and SMEs across multiple geographies

On: January 24, 2023

In: Banking Sector

Tagged: Buy Now Pay Later, EEMEA, Mastercard, SMEs, Virtual installment, ZoodPay

Mastercard and ZoodPay join forces to launch first virtual installment card across EEMEA ZoodPay will serve as Mastercard’s lending partner for consumers and SMEs across multiple geographies KARACHI ( Web News ) ZoodPay, a leading digital lending platform for e-commerce in the Middle East and Central Asia, has entered intoRead More →

President Alvi takes notice of increasing incidents of online bank fraud & scams Directs the Banking Mohtasib of Pakistan to take serious & strong notice of this worrisome

On: January 22, 2023

In: Banking Sector

Tagged: Banking Mohtasib, Fraud & scams, Increasing incidents, Online Banking, President Dr Arif Alvi

President Alvi takes notice of increasing incidents of online bank fraud & scams Directs the Banking Mohtasib of Pakistan to take serious & strong notice of this worrisome ISLAMABAD ( Web news ) President Dr. Arif Alvi has taken serious notice of the rising trend of online banking frauds whereRead More →

The federal government must devise a conversion policy for Riba-Free financial system. Seminar This was underscored during a session titled “Implementing the FSC Judgement on Riba: Addressing the How”, jointly organized at the IBA City Campus.

On: January 20, 2023

In: Banking Sector

Tagged: Centre of Islamic Economics, Constitutional duty, FSC judgement, IBA City Campus., IBA-CIEF, IPS, Religious, Riba - Free financial system

KARACHI ( Web News ) It is the religious and constitutional duty of all to lay out a roadmap for the conversion of the financial system of Pakistan to riba-free according to the injunctions of Islam and implement it accordingly. All sectors of government borrowing, external debts, the banking sector, theRead More →

HABIBMETRO Bank, organized the first HABIBMETRO Sirat Islamic banking summit Tan Sri Dr. Daud Bakar, said, “I am extremely delighted and privileged to be here in Pakistan and to represent HABIBMETRO Bank

On: January 18, 2023

In: Banking Sector

Tagged: Challenges, HABIBMETRO Sirat, Islamic banking summit, Shariah Board Members, Tan Sri Dr Daud Bakar

KARACHI ( Web News ) HABIBMETRO Sirat – The Islamic banking brand of HABIBMETRO Bank, organized the first HABIBMETRO Sirat Islamic banking summit which was attended by various stakeholders including SBP, PSX & SECP officials as well as CEO’s and Shariah Board Members of various banks, Shariah scholars, and businessmen.Read More →

Visa Appoints New Pakistan Country Manager We are delighted to have a leader of Umar’s caliber managing our Pakistan operations. Leila Serhan

On: January 17, 2023

In: Banking Sector

Tagged: Country Manager, digital payments, Umar Khan, Visa, Visa’s Senior Vice President

Appointment reaffirms Visa’s commitment to supporting clients & partners and accelerating growth in consumer payments and commerce in Pakistan. KARACHI ( Web News ) Visa, the world leader in digital payments, has announced the appointment of Umar Khan who will lead its operations in the country in his new roleRead More →

HBL and NayaPay collaborate to boost international remittances to Pakistan NayaPay enables users to open E-money accounts on their smartphones in a few simple steps and take control of their finances.

On: January 17, 2023

In: Banking Sector

Tagged: Cross-border transaction, E-Money Institution, Foreign remittances, Habib Bank Ltd, NayaPay

LAHORE ( Web News ) HBL, the largest and best bank in Pakistan, has partnered with NayaPay to facilitate real-time cross-border transaction flows into Pakistan. Customers can now receive foreign remittances through HBL’s partnering money transfer agents (MTOs) directly into their NayaPay account. NayaPay, a leading E-Money Institution in Pakistan, enablesRead More →

Bank of AJK’s remittances crossed the highest level of Rs. 4.6 billion figure Under the patronage of the Government especially the Chairman of the Board of Directors, the supervision of the Bank President, business goals achieved

MMBL Joins Hands with Avanza Solutions to Launch DOST Corporate Portal Through this partnership, the DOST Corporate Portal is built upon the foundations of Avanza’s ‘Ambit Enterprise Banking Platform'

Bank Alfalah kept its growth trajectory in 2022 The Bank posted profit after tax growth of 28.1% compared to last year, standing at Rs. 18.206 billion.

BOP, Akhuwat and NRSP sign agreements for financing through PMYB&AL Scheme Through this arrangement, BOP became the first bank to provide financing under PMYB&ALS for onward lending to small business owners and agriculture sector.

Visa and WIZZIT Sign an MoU to Launch Tap to Phone in Pakistan and Levant Partnership between Visa and WIZZIT aims to promote financial inclusion and digital transformation, and will facilitate digital payments

Higest ever branches open by the bank of Punjab in 2022 The Bank of Punjab celebrated opening of its 780th branch in Lahore on 25th January 2023, making a total of 116 branches opened during 2022 only.

Mastercard and ZoodPay join forces to launch first virtual installment card across EEMEA ZoodPay will serve as Mastercard’s lending partner for consumers and SMEs across multiple geographies

President Alvi takes notice of increasing incidents of online bank fraud & scams Directs the Banking Mohtasib of Pakistan to take serious & strong notice of this worrisome

The federal government must devise a conversion policy for Riba-Free financial system. Seminar This was underscored during a session titled “Implementing the FSC Judgement on Riba: Addressing the How”, jointly organized at the IBA City Campus.

HABIBMETRO Bank, organized the first HABIBMETRO Sirat Islamic banking summit Tan Sri Dr. Daud Bakar, said, “I am extremely delighted and privileged to be here in Pakistan and to represent HABIBMETRO Bank

Visa Appoints New Pakistan Country Manager We are delighted to have a leader of Umar’s caliber managing our Pakistan operations. Leila Serhan

HBL and NayaPay collaborate to boost international remittances to Pakistan NayaPay enables users to open E-money accounts on their smartphones in a few simple steps and take control of their finances.

CBD Punjab Express Solidarity To Kashmiris For Their Persistent Freedom Struggle.

NFTP graduation ceremony held at IIUI