Banking Sector Archives

President Alvi directs NBP to return Rs 87,000 to banking fraud victim President direct to action against employees who exploited an illiterate woman & be on guard against such fraudsters.

On: June 4, 2023

Tagged: bank fraud victim, National Bank of Pakistan, President Arif Alvi, Return Rs 87000

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 →

Governor SBP felicitated Bank Alfalah for launching First Digital Lifestyle Branch. The innovative branch is a transformative fusion of banking’s integration with the way of life.

On: June 2, 2023

In: Banking Sector

Tagged: Atif Bajwa President, Bank Alfalah, Banking industry globally, First Digital Lifestyle Branch, Governor State Bank

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 The Mian Mansha’s Bank has announced this in a letter written to the Pakistan Stock Exchange to fulfil its regulatory requirement.

On: May 30, 2023

In: Banking Sector

Tagged: Informs PSX, Mian Mansha’s Bank, Muslim Commercial Bank, Silk Bank

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 →

SBP released its third quarterly review of Payment Systems for the fiscal year 2022-23 Customers using Raast for online Person-to-Person (P2P) funds transfer have increased to 29.2 million users from 25.8 million user in the previous quarter.

On: May 30, 2023

In: Banking Sector

Tagged: 9.3 m internet banking, fintech companies, Governor Jameel Ahmad, Payment Systems, State Bank of Pakistan

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 →

Pakistan has a strategic plan in place to develop Islamic finance. Ishaq Dar He said assets of Islamic banking industry posted year on year growth of twenty nine percent in the fiscal year 2022.

On: May 30, 2023

In: Banking Sector

Tagged: Eliminate interest, FM Ishaq Dar, Islamic banking industry, Islamic Finance

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 This collaboration strives to empower MSMEs supported and trained by Hashoo Foundation, fostering their entrepreneurial journey.

On: May 22, 2023

In: Banking Sector

Tagged: Hashoo Foundation, Initiatives for MSMEs, Lives of 3 m people, Mobilink Bank, Ms. Ayesha Khan

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 →

AJ&K bank branch mangers was held under the chair Mr Khawar Saeed The customers are our valuable asset. All efforts will be made in providing them facilities. President

On: May 22, 2023

In: Banking Sector

Tagged: Bank of AJ & K, Branch mangers Meeting, Customers valuable asset, Mr. Khawar Saeed

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 →

UPaisa introduces Digital QR Code Scan feature for hassle-free transactions The feature also allows UPaisa users to create, save and share their QR codes with others

On: May 19, 2023

In: Banking Sector

Tagged: App Store, Digital QR Code, Hassle-free transactions, Play Store, Upaisa

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 →

President Alvi directs UBL to refund Rs 564,469 to three victims of bank fraud They were swindled out of their money by fraudsters through online funds transfers and fraudulent ATM transactions.

On: May 17, 2023

In: Banking Sector

Tagged: ATM transactions, President Alvi, refund, United Bank Ltd, victims of bank fraud

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 TMB's mobile accounts also witnessed rapid growth, with a 3x YoY increase in net revenue.

On: May 16, 2023

In: Banking Sector

Tagged: cashless, EBTDA of PKR 227M, Mobile accounts, Revenue growth Q1'23, Telenor Microfinance Bank

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 →

Al Meezan Investments partners with easypaisa to enable Halal Investments Digitally

On: May 9, 2023

In: Banking Sector

Tagged: Al Meezan Investments, easypaisa, Halal Investments Digitally, Telenor Microfinance Bank

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 →

MMBL achieves 48% revenue growth despite challenging economic conditions In the first quarter of 2022, Mobilink Bank granted loans with an average ticket size of PKR 203,000.

On: May 8, 2023

In: Banking Sector

Tagged: branchless banking, Challenging conditions, Financial results Q1 2023, Mobilink Bank

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 →

Banking Sector

President Alvi directs NBP to return Rs 87,000 to banking fraud victim President direct to action against employees who exploited an illiterate woman & be on guard against such fraudsters.

Governor SBP felicitated Bank Alfalah for launching First Digital Lifestyle Branch. The innovative branch is a transformative fusion of banking’s integration with the way of life.

MCB Bank Decides To Conduct Due Diligence Of Silk Bank, Informs PSX The Mian Mansha’s Bank has announced this in a letter written to the Pakistan Stock Exchange to fulfil its regulatory requirement.

SBP released its third quarterly review of Payment Systems for the fiscal year 2022-23 Customers using Raast for online Person-to-Person (P2P) funds transfer have increased to 29.2 million users from 25.8 million user in the previous quarter.

Pakistan has a strategic plan in place to develop Islamic finance. Ishaq Dar He said assets of Islamic banking industry posted year on year growth of twenty nine percent in the fiscal year 2022.

Mobilink Bank and Hashoo Foundation drive Financial Inclusion Initiatives for MSMEs This collaboration strives to empower MSMEs supported and trained by Hashoo Foundation, fostering their entrepreneurial journey.

AJ&K bank branch mangers was held under the chair Mr Khawar Saeed The customers are our valuable asset. All efforts will be made in providing them facilities. President

UPaisa introduces Digital QR Code Scan feature for hassle-free transactions The feature also allows UPaisa users to create, save and share their QR codes with others

President Alvi directs UBL to refund Rs 564,469 to three victims of bank fraud They were swindled out of their money by fraudsters through online funds transfers and fraudulent ATM transactions.

Telenor Microfinance Bank achieves profitability in March 2023 TMB's mobile accounts also witnessed rapid growth, with a 3x YoY increase in net revenue.

Al Meezan Investments partners with easypaisa to enable Halal Investments Digitally

MMBL achieves 48% revenue growth despite challenging economic conditions In the first quarter of 2022, Mobilink Bank granted loans with an average ticket size of PKR 203,000.

DET’s latest campaign invites Pakistani visitors for a summer escape

Sindh Government Introduces Teaching License Policy to Elevate the Teaching Profession