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 →
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 →
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 →
MUZAFFARABAD (WEB DESK) Mr. Khawar Saeed, President and Chief Executive Officer of Bank of Azad Jammu and Kashmir, has said that in a short period of three years, the operating profit of the bank has increased by 617%. which is the result of effective marketing strategy, effective and systematic businessRead More →
ISLAMABAD (WEB DESK) The Board of Directors of Bank Alfalah Limited (BAFL), in its meeting held on April 27, 2023, approved the Bank’s financial results for the quarter ended March 31, 2023. The beginning of 2023 has been challenging due to the economic slowdown in the country, high inflation, andRead More →
KARACHI (WEB DESK) Pakistan premier and pioneer Islamic financial conglomerate, Pak-Qatar Group has announced its financial results for the year ended December 31, 2022, for its companies Pak-Qatar Family Takaful Limited (PQFTL) and Pak-Qatar General Takaful Limited (PQGTL). The Board meetings, presided over by Sheikh Ali bin Abdullah bin ThaniRead More →
KARACHI (WEB DESK) The Board of Directors of Meezan Bank Limited in its meeting, held at Karachi on April 18, 2023, approved the financial statements of the Bank for the quarter ended March 31, 2023. The meeting was presided by Mr. Riyadh S.A. A. Edrees – Chairman of the Board;Read More →
KARACHI (WEB DESK) Visa Everywhere Initiative tasks startups with solving today’s most pressing payments and commerce challenges, with monetary prizes, global exposure, and validation from one of the world’s most trusted brands Applications are now open in Pakistan for the 2023 edition of the Visa Everywhere Initiative (VEI), a globalRead More →
KARACHI (WEB DESK) Pak-Qatar Family Takaful and Emaan Islamic Banking (a division of Silk Bank) Collaborate to Offer Health Takaful Plan. The agreement was signed by Mr. Azeem Pirani, Chief Executive Officer Pak-Qatar Family Takaful and Mr. Shahram Raza Bakhtiari, President & CEO of SilkBank. Pak-Qatar Family Takaful, Pakistan’s leadingRead More →
Bank Alfalah Partners with SendSpend for UK remittance transfers to Pakistan ISLAMABAD ( Web News ) Bank Alfalah, one of the largest commercial banks in Pakistan, has collaborated with SendSpend, headquartered in London, United Kingdom (UK), to launch a state-of-the-art, international remittance service. The cloud-based service allows immediate and effortlessRead More →
MUZAFFARABAD (WEB DESK) The business community of Azad Jammu and Kashmir announces to promote and strengthen banking relations with Bank of AJK and believed that the bank will soon be included in the leading banks. Persons affiliated with Azad Jammu and Kashmir Chamber of Commerce and Industry , President AnjamnRead More →
Visa Eco Benefits is designed to help consumers understand the impact of their spending on the environment when using their debit or credit card The solution gives financial institutions the tools to inspire and accelerate a positive shift in sustainable consumption and behaviour among their clients KARACHI (WEB DESK) VisaRead More →