President Alvi directs NBP to return Rs 87,000 to banking fraud victim Also directs NBP to take action against those employees who exploited an illiterate woman & be on guard against such fraudsters ISLAMABAD  ( Web News ) President Dr. Arif Alvi has directed the National Bank of Pakistan (NBP)Read More →

ISLAMABAD ( Web News ) Governor State Bank of Pakistan Mr. Jameel Ahmad has said that Pakistan’s banking industry was investing in technological upgrades to facilitate its customers and improving their overall banking experience. He was optimistic that exciting projects like Bank Alfalah’s First Digital Lifestyle Branch will unlock newRead More →

MCB Bank Decides To Conduct Due Diligence Of Silk Bank, Informs PSX About Its Decision KARACHI ( Web News ) MCB Bank has decided to conduct the due diligence of the Silk Bank with the intention to acquire the bank. The board of the MCB Bank has given its formal approval to theRead More →

KARACHI ( Web News ) The State Bank of Pakistan released its third quarterly review of Payment Systems for the fiscal year 2022-23 Monday covering the period January to March 2023. Major highlights and comprehensive analysis on payments ecosystem is presented in the review. Increasing collaboration between banks and fintechRead More →

Ishaq Dar reaffirms govt’s firm resolve to promote Islamic finance industry & eliminate interest based system in Pakistan Says Pakistan has a strategic plan in place to develop Islamic finance ISLAMABAD ( Web News ) Minister for Finance and Revenue Senator Mohammad Ishaq Dar has reaffirmed the government’s firm resolveRead More →

Mobilink Bank and Hashoo Foundation drive Financial Inclusion Initiatives for MSMEs ISLAMABAD ( Web News ) Mobilink Bank and Hashoo Foundation (HF) have signed a Memorandum of Understanding (MoU) to jointly enhance financial inclusion for Micro, Small, and Medium Enterprises (MSMEs). This collaboration strives to empower MSMEs supported and trainedRead More →

Muzaffarabad ( Web News ) A meeting of branch managers of Mirpur region was held under the chairmanship of Bank of Azad Jammu and Kashmir President Khawar Saeed. In the meeting held last day, the business and customer services of the region were reviewed. In the meeting, Regional Head MirpurRead More →

ISLAMABAD ( Web News ) In line with its commitment to providing high-quality user journeys, UPaisa has introduced an innovative QR Code Scan feature on its digital app to bring unprecedented ease and convenience to its users. The innovative upgrade simplifies financial transactions and enhances the usability of financial technologyRead More →

ISLAMABAD (WEB DESK) President Dr. Arif Alvi has directed two private banks to refund an amount of Rs 564,469 to three victims of bank fraud who were swindled out of their money by fraudsters through online funds transfers and fraudulent ATM transactions. President Dr. Arif Alvi gave these directions whileRead More →

Telenor Microfinance Bank achieves profitability in March 2023 with impressive revenue growth in Q1’23 ISLAMABAD ( Web News ) Telenor Microfinance Bank (TMB), operator of Pakistan’s leading digital financial services platform, easypaisa, has reported its financial results for Q1 2023, showcasing a strong performance despite challenging economic conditions. TMB’s unauditedRead More →

ISLAMABAD (WEB DESK) Al Meezan Investment Management Limited, Pakistan’s largest fund manager with Assets under Management of over PKR 295 Billion including discretionary portfolios has partnered with easypaisa, Pakistan’s leading digital financial services platform, that will enable easypaisa customers to invest in Al Meezan’s Shariah Compliant Money Market mutual fundRead More →

ISLAMABAD (WEB DESK) Mobilink Bank (MMBL) reported its financial results for Q1 2023, demonstrating strong business resilience in the face of challenging economic conditions. The Bank’s unaudited financial statements indicate a remarkable 48% increase in its revenue. Mobilink Bank’s strong emphasis on digital banking services enabled it to reach previouslyRead More →