Banking Sector Archives - Page 40 of 79

EZ Wage, 1LINK sign pact to digitize payment channels EZ Wage’s new and existing customers to avail their accrued salaries via unlimited transactions nationwide.

On: September 3, 2022

Tagged: 1LINK, digitize payment, EZ Wage, Singapore-based, strategic partnership.

EZ Wage, 1LINK sign pact to digitize payment channels and revolutionize financial wellness for the masses 1LINK (Pvt) Limited and EZ Wage Software (Pvt) Limited have entered a strategic partnership that will facilitate all of EZ Wage’s new and existing customers to avail their accrued salaries via unlimited transactions nationwide.Read More →

UPaisa expands measures to help flood victims across Pakistan UPaisa provides its customers with a user-friendly interface that enables donors to transfer funds in just a few taps.

On: August 30, 2022

In: Banking Sector

Tagged: Across Pakistan, flood victims, NGOs, transfer funds, Upaisa

UPaisa expands measures to help flood victims across Pakistan ISLAMABAD ( Web News ) In continuing its support during these challenging times, UPaisa is offering flood relief support to vulnerable communities by enabling its subscribers to make direct donations to a host of organizations participating in relief efforts. UPaisa customersRead More →

BankIslami Achieves 24% Growth in Net Profit for Half Year 2022 BankIslami’s balance sheet remained robust with its Deposit and Net Islamic Financing witnessing year on year

On: August 30, 2022

In: Banking Sector

Tagged: aggressive strategy, BankIslami Pakistan, financial results, growth of 22%, June 30 2022.

LAHORE ( Web News ) BankIslami Pakistan Limited (‘the Bank’ or ‘BankIslami’) announced its financial results for the quarter ended June 30, 2022. For half year ended June 2022, the Bank achieved 155% increase in its operating profit before provisions and reported Rs. 4.1 billion as compared to Rs. 1.6Read More →

Bank of Azad Jammu and Kashmir continues its journey towards progress Inaugurates 2 new branches at Mangala Hamlet and Kotli Road in Mirpur, the total number has increased to 80.

On: August 26, 2022

In: Banking Sector

Tagged: 2 new branches, AJK Government, Bank of AJK, CEO Khawar Saeed, journey progress

Bank of Azad Jammu and Kashmir continues its journey towards progress, inaugurates 2 new branches at Mangala Hamlet and Kotli Road in Mirpur, the total number has increased to 80. AJK Government is taking all necessary steps to make it one among the leading banks, Khan Abdul Majid Khan, ChaudhryRead More →

Meezan Bank and Samba Bank in collaboration with the Embassy of Pakistan in Bahrain hosted a reception State Bank of Pakistan, with the goal of achieving digitization is working towards providing technology-enabled banking solutions for everyone in Pakistan.

On: August 26, 2022

In: Banking Sector

Tagged: Embassy of Pakistan, Meezan Bank, Roshan Digital Account, Samba bank, State Bank of Pakistan

KARACHI ( Web News ) Meezan Bank and Samba Bank in collaboration with the Embassy of Pakistan in Bahrain hosted a reception at the Gulf Hotel, Manama – Bahrain by inviting prominent Non-Resident Pakistanis and customers to celebrate the success of Roshan Digital Account (RDA) in Pakistan. Dr. Murtaza SyedRead More →

MMBL reaffirms its commitment to promoting financial inclusion & digitalization efforts Islamabad Business Summit (LIIBS) 2022, organized by Nutshell Conferences. 1,000 delegates were in attendance

On: August 24, 2022

In: Banking Sector

Tagged: 1000 delegates, digital and financial, Mobilink Microfinance Bank, Nutshell Conferences.

MMBL reaffirms its commitment to promoting financial inclusion & digitalization efforts at the Leaders in Islamabad Business Summit 2022 ISLAMABAD ( Web News ) Pakistan’s largest Digital Bank, Mobilink Microfinance Bank’s (MMBL) efforts to promote digital and financial inclusion across Pakistan, were recognized at the recent 5th edition of theRead More →

InfraZamin and HBL facilitates Multinet for greater digital reach and transmission across Pakistan HBL will facilitate Multinet to access 7-Year long-term funding in expanding their fibre optic network to under-served cities and populations

On: August 23, 2022

In: Banking Sector

Tagged: 575 million, digital infrastructure, Habib Bank limted, InfraZamin, Multinet, PKR 1

HBL will provide Multinet with 7-year long-term funding of PKR 2.1 billion (US$10.1 million) for its ‘Digital Infrastructure Facility’ backed by a PKR 1.57 billion (US$7.6 million) credit risk guarantee by InfraZamin Pakistan to bolster fibre optic network for greater digital reach and transmission across Pakistan. Khoo Boo Hock, ChairmanRead More →

Bank Alfalah and MoneyGram partnership with Babar Azam With this partnership, Babar Azam will promote the ability for consumers around the world to use MoneyGram’s services

On: August 22, 2022

In: Banking Sector

Tagged: Babar Azam, Bank Al-Falah, MoneyGram, partnership

LAHORE ( Web News ) MoneyGram International, Inc., a global leader in the evolution of digital P2P payments, and Bank Alfalah, one of the largest banks in Pakistan, today announced a new endorsement partnership with Babar Azam, Pakistani international cricketer and captain of the Pakistan national cricket team. The partnershipRead More →

President Alvi rejects six HBL representations, orders refund to defrauded customers The bank unilaterally activated the electronic funds transfer (EFT) facility without the request of account holders

On: August 21, 2022

In: Banking Sector

Tagged: Banking Ombudsman, HBL representations, President Dr Arif Alvi, request/consent, SBP guidelines

President Alvi rejects six HBL representations, orders refund to defrauded customers ISLAMABAD ( Web News ) President Dr. Arif Alvi, has rejected six similar representations preferred by Habib Bank Ltd (HBL) against the decisions of the Banking Ombudsman, and directed HBL to refund and compensate the 6 defrauded customers withRead More →

Jameel Ahmad appointed SBP Governor for five years Meanwhile Finance Minister Dr. Miftah Ismail has congratulated the newly-appointed governor and welcomed him back.

On: August 20, 2022

In: Banking Sector

Tagged: Dr. Miftah Ismail, Federal Government, Finance Division, Jameel Ahmad, SBP Governor

Jameel Ahmad appointed SBP Governor for five years ISLAMABAD ( Web News ) The federal government on Friday appointed Jameel Ahmad as the State Bank of Pakistan (SBP) Governor for five years. The notification issued by the Finance Division stated, “In exercise of powers conferred under Section 11A(1) read withRead More →

President Alvi holds NBP responsible for wrongdoing & maladministration in bank fraud case NBP management had failed to fulfill its responsibility of appointing vigilant, honest and professional bank officials.

On: August 18, 2022

In: Banking Sector

Tagged: fraudulently withdrew, honest and professional, National Bank Pakistan, President Dr Arif Alvi, Wafaqi Mohtasib

President Alvi holds NBP responsible for wrongdoing & maladministration in bank fraud case ISLAMABAD ( Web News ) President Dr. Arif Alvi has held the National Bank of Pakistan (NBP) responsible for wrongdoing and maladministration in a case where an innocent and illiterate customer was swindled out of Rs 1Read More →

Bank of Punjab Board reviewed Bank’s performance for 1st half of the year 2022 The Bank posted before tax profit of Rs. 8.36 billion as against Rs. 7.37 billion earned during 1st Half 2021 with a growth of 13%.

On: August 17, 2022

In: Banking Sector

Tagged: 1st half year 2022, bank of punjab, Board of Directors, Financial Statements

LAHORE ( Web News ) A meeting of the Board of Directors of The Bank of Punjab was held on August 17, 2022 to consider and approve the un-audited Financial Statements for the 1st Half of year ended on June 30, 2022. The Board reviewed Bank’s performance for 1st halfRead More →

Banking Sector (Page 40)