Banking Sector Archives - Page 26 of 79

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

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 →

Best performers of Bank of AJK In the last three years, the bank's operating profit was recorded at 617 %. President

On: May 8, 2023

In: Banking Sector

Tagged: Bank of AJK, Mr. Khawar Saeed, operating profit, Recorded at 617 %.

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 →

JazzCash, CBA join hands to promote digital financial services A partnership to provide Cash-In and Cash-Out services to JazzCash customers through CBA's retail network.

On: May 6, 2023

In: Banking Sector

Tagged: Cash-In and Cash-Out, Community business agent, Digital Financial Services, JazzCash

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 →

Bank Alfalah agreement to acquire a 7.2% equity stake in QistBazaar, Bank Alfalah and QistBazaar have signed an embedded financing agreement in Shariah Compliant mode for up to PKR 350 million.

On: May 5, 2023

In: Banking Sector

Tagged: Bank Alfalah, Buy Now Pay Later, Equity Investment, Qistbazaar, SECP

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 →

The Bank of Punjab announced Financial results for 1st Quarter 23 Board expressed its satisfaction on overall financial performance of the Bank in the prevailing operating environment.

On: May 2, 2023

In: Banking Sector

Tagged: An increase of 49%, before tax profit Rs. 2.11 bi, Financial results 1st Q, The Bank of Punjab

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 →

Banking Sector (Page 26)