Banking Sector

State Life Insurance partners with JazzCash to Digitize Payment Collection This strategic partnership will enable the State Life to provide digitized collection of Premium & Policy Loan to its customers

On: September 29, 2022

Tagged: collection of Premium, collection services, JazzCash, State Life Insurance

ISLAMABAD ( Web News ) State Life Insurance, Pakistan’s Largest Life & Health Insurer has partnered with JazzCash, Pakistan’s leading Fintech, to provide premium collection services to State Life customers directly via mobile wallets. Agreement signed by between Mr. Shoaib Javed Hussain Chairman State Life & Mr. Murtaza Ali, ChiefRead More →

Bank of Azad Jammu and Kashmir’s total assets reached an all-time high of Rs 27.4 billion. Multifold increase in total asset value is a reflection of the growth of the bank and the full confidence of the customers, says President/CEO Khawar Saeed

On: September 29, 2022

In: Banking Sector

Tagged: BANK AJK, highest level, Rs 27.4 billion, total asset

MUZAFFARABAD ( Web News ) Bank of Azad Jammu and Kashmir’s total asset value has reached the highest level of Rs 27.4 billion which is a record in the last 15 years history of the financial institution. During the first half of 2022, the assets increased by 4 billion rupees.Read More →

BOP to be partners with NIC and LUMS to setup a Digital Experience and Innovation Center The Innovation Center aims to turn challenges into opportunities facing digital ecosystems in various sectors including payments, lending, Agri, Insurance & Education.

On: September 26, 2022

In: Banking Sector

Tagged: “digiBOP”, bank of punjab, Digital Innovation, lums, National Incubation Center

LAHORE ( Web News ) The President of The Bank of Punjab (BOP) and the Vice Chancellor of LUMS entered into an arrangement to create a roadmap for digital innovation and customer experience. The Innovation Center aims to turn challenges into opportunities facing digital ecosystems in various sectors including payments,Read More →

President Alvi lauds private bank for avoiding undue litigation in disputed transactions cases He further urged the private banks of the country to provide timely relief to victims of bank frauds

On: September 24, 2022

In: Banking Sector

Tagged: disputed transactions, Habib Bank Ltd, President Dr Arif Alvi, Private Bank

President Alvi lauds private bank for avoiding undue litigation in disputed transactions cases Urges the private banks of country to provide timely relief to victims of bank frauds ISLAMABAD ( Web News ) While disposing of five separate representations of a private bank against the decisions of the Banking MohtasibRead More →

MMBL to offer e-health Insurance & Digital Financial Solutions to Careem Captains Through this partnership, we aim to provide health & financial security to the Captains, who ensure secure & comfortable rides for the masses every day."

On: September 21, 2022

In: Banking Sector

Tagged: Careem Pakistan, Collaboration, diligent workforce, financial solutions, MMBL

MMBL to offer e-health Insurance & Digital Financial Solutions to Careem Captains ISLAMABAD ( Web News ) Pakistan’s largest digital bank, Mobilink Microfinance Bank Limited (MMBL) has collaborated with Careem, a pioneer in the Middle East region’s ride-hailing economy, to provide its Captains health insurance services over digital channels atRead More →

BOP inaugurates new corporate & treasury office at Sky Tower, Karachi The new premises have been designed to better serve the customers of Karachi and the South market

On: September 21, 2022

In: Banking Sector

Tagged: bank of punjab, customers of Karachi, digitally-equipped, Front Offices

BOP inaugurates new corporate & treasury office at Sky Tower, Karachi KARACHI ( Web News ) The Bank of Punjab opened doors of its new, digitally-equipped Corporate & Treasury Front Offices today at Sky Tower, Dolmen Mall, Karachi. The new premises have been designed to better serve the customers ofRead More →

President Alvi declares retrospective downward revision in profit rate by CDNS as maladministration Directs CDNS to pay profit on SSCs as per the profit rate prevailing at time of purchasing certificates

On: September 18, 2022

In: Banking Sector

Tagged: CDNS, maladministration, President Dr Arif Alvi, profit rate

ISLAMABAD ( Web News ) While accepting a representation of an aggrieved citizen against a decision of the Wafaqi Mohtasib, President Dr. Arif Alvi has directed the Central Directorate of National Savings (CDNS) to pay profit on the Special Saving Certificates (SSCs) as per the profit rate prevailing at theRead More →

Bank of Punjab has inducted its first batch of differently-abled persons The bank marked 2021 as the year of “Our People” and 2022 as the year of “Empathy”.

On: September 11, 2022

In: Banking Sector

Tagged: “Our People”, bank of punjab, differently-abled, year of “Empathy”.

LAHORE ( Web News ) Diversity and inclusion are the essential pillars of BOP’s vision and strategy. The bank marked 2021 as the year of “Our People” and 2022 as the year of “Empathy”. Remaining true to its commitment as an equal opportunity financial institution, the Bank of Punjab hasRead More →

Standard Chartered announces Winners of #SCWomenInTech Cohort 4 Seven winners have received upto PKR 1,500,000, in seed-grant funding for their businesses to grow through technology.

On: September 10, 2022

In: Banking Sector

Tagged: #SCWomenInTech, 1400 applicants, Futuremakers, INNOVentures Global, Standard Chartered Bank

Seven women-led start-ups win up to PKR 1.5 million each in seed-grant Over 1400 applications were received, representing 14 verticals KARACHI ( Web News ) Standard Chartered Bank (SCBPL), in partnership with INNOVentures Global (Private) Limited, announced winners of #SCWomenInTech Cohort 4, 2022. SCWomenInTech is a global programme aimed atRead More →

YAP Pakistan partners with Bank Alfalah to launch B2B financial services YAP Pakistan secured the In-Principle Approval from the State Bank of Pakistan for an Electronic Money Institute (EMI) license

On: September 10, 2022

In: Banking Sector

Tagged: Bank Alfalah, Cash Management, Fintech startup, SMEs, YAP Pakistan

ISLAMABAD ( Web News ) YAP Pakistan, the first regional financial super appproviding consumers and businesses with a one-stop shop of innovative financial products, has partnered with Bank Alfalah, one of Pakistan’s largest commercial banks, to offer customized digital financial products and services for small and medium Enterprises (SMEs) inRead More →

Unfounded complaints against the Bank of Punjab and its staff As a result, more than 50,000 donations amounting to more than Rs. 1Bn have landed in the CM Flood Relief Fund

On: September 7, 2022

In: Banking Sector

Tagged: 50000 donations, bank of punjab, complaints against BOP, misunderstanding, Rs. 1Bn

LAHORE ( Web News ) Lately unsubstantiated complaints against BOP and its staff have been circulating on social media alleging contributions/donations to Chief Minister’s Flood Relief Fund) are being discouraged. The total number of such complaints received from social media, BOP’s contact Center and Complaints’ email address are merely 14Read More →

EZ Wage, 1LINK sign pact to digitize payment channels EZ Wage’s new and existing customers to avail their accrued salaries via unlimited transactions nationwide.

On: September 3, 2022

In: Banking Sector

Tagged: 1LINK, digitize payment, EZ Wage, Singapore-based, strategic partnership.

EZ Wage, 1LINK sign pact to digitize payment channels and revolutionize financial wellness for the masses 1LINK (Pvt) Limited and EZ Wage Software (Pvt) Limited have entered a strategic partnership that will facilitate all of EZ Wage’s new and existing customers to avail their accrued salaries via unlimited transactions nationwide.Read More →

State Life Insurance partners with JazzCash to Digitize Payment Collection This strategic partnership will enable the State Life to provide digitized collection of Premium & Policy Loan to its customers

Bank of Azad Jammu and Kashmir’s total assets reached an all-time high of Rs 27.4 billion. Multifold increase in total asset value is a reflection of the growth of the bank and the full confidence of the customers, says President/CEO Khawar Saeed

BOP to be partners with NIC and LUMS to setup a Digital Experience and Innovation Center The Innovation Center aims to turn challenges into opportunities facing digital ecosystems in various sectors including payments, lending, Agri, Insurance & Education.

President Alvi lauds private bank for avoiding undue litigation in disputed transactions cases He further urged the private banks of the country to provide timely relief to victims of bank frauds

MMBL to offer e-health Insurance & Digital Financial Solutions to Careem Captains Through this partnership, we aim to provide health & financial security to the Captains, who ensure secure & comfortable rides for the masses every day."

BOP inaugurates new corporate & treasury office at Sky Tower, Karachi The new premises have been designed to better serve the customers of Karachi and the South market

President Alvi declares retrospective downward revision in profit rate by CDNS as maladministration Directs CDNS to pay profit on SSCs as per the profit rate prevailing at time of purchasing certificates

Bank of Punjab has inducted its first batch of differently-abled persons The bank marked 2021 as the year of “Our People” and 2022 as the year of “Empathy”.

Standard Chartered announces Winners of #SCWomenInTech Cohort 4 Seven winners have received upto PKR 1,500,000, in seed-grant funding for their businesses to grow through technology.

YAP Pakistan partners with Bank Alfalah to launch B2B financial services YAP Pakistan secured the In-Principle Approval from the State Bank of Pakistan for an Electronic Money Institute (EMI) license

Unfounded complaints against the Bank of Punjab and its staff As a result, more than 50,000 donations amounting to more than Rs. 1Bn have landed in the CM Flood Relief Fund

EZ Wage, 1LINK sign pact to digitize payment channels EZ Wage’s new and existing customers to avail their accrued salaries via unlimited transactions nationwide.

African Diplomats keen to promote trade ties with Pakistan

Chairman HEC called on Dr. Hathal Homoud Alotaibi, President, IIUI