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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 →

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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 →

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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 →

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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 →

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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 →

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MUZAFFARABAD (WEB DESK) A ceremony chaired by President and Chief Executive Officer Mr. Khawar Saeed was held at a local hotel organized by the Bank of Azad Jammu and Kashmir yesterday. Certificates and cash prizes were distributed to the best performing branch managers and regional control of Muzaffarabad. The President said thatRead More →

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JazzCash, CBA join hands to promote digital financial services ISLAMABAD ( Web News ) In a recent development, JazzCash and CBA (Community business agent) have formed a partnership to provide Cash-In and Cash-Out services to JazzCash customers through CBA’s retail network. This collaboration is expected to have a significant impactRead More →

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KARACHI (WEB NEWS) Bank Alfalah, one of the largest commercial banks in Pakistan, has made a significant entry into the venture capital ecosystem as it has signed an agreement to acquire a 7.2% equity stake worth PKR 140 million in QistBazaar, a fast-growing, Securities and Exchange Commission of Pakistan (SECP)Read More →

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The Bank of Punjab announced Financial results for 1st Quarter 23 LAHORE ( Web News ) A meeting of the Board of Directors of The Bank of Punjab was held on April 28, 2023 to consider and approve the un-audited Financial Statements for the 1st quarter of year ended MarchRead More →

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LAHORE (WEB DESK) BankIslami Pakistan Limited (‘the Bank’ or ‘BankIslami’) announced its financial results for the quarter ended March 31, 2023 registering a notable increase of 262% in profit before tax i.e. Rs. 3.16 billion as compared to Rs. 0.87 billion for corresponding period of last year. Profit after taxRead More →

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SECP announces fourth cohort under its Regulatory Sandbox The applications submission window shall remain open till May 31, 2023 The upcoming fourth cohort is divided into two segments: (i) Islamic Finance; and (ii) Conventional Finance. ISLAMABAD ( Web News ) The Securities and Exchange Commission of Pakistan (SECP) will beRead More →

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KARACHI (WEB DESK) Prominent UAE national, investor, and a longstanding friend of Pakistan, H.E. Nasser Abdulla Hussain Lootah (the “Investor“), has acquired a controlling stake in Summit Bank, a move that was recently approved by the State Bank of Pakistan, Securities and Exchange Commission of Pakistan, and Competition Commission ofRead More →