LAHORE ( WEB DESK ) JS Bank has been declared as Pakistan’s Best SME Bank at the Asian Banking & Finance Retail Banking Awards, 2020. This is the second time in a row that the Bank has received this accolade. The Awards bring together banks from across Asia to recognizeRead More →
KARACHI (PRESS RELEASE) Standard Chartered Bank (Pakistan) Limited today confirmed that Rehan Shaikh has joined the bank in Pakistan as the new Chief Executive Officer. His appointment is being announced post receiving all regulatory approvals. Rehan has over 35 years of banking experience, whereby most recently he was the CEORead More →
ISLAMABAD: (Staff Report) JazzCash, Pakistan’s leading mobile account, has partnered with Ignite to facilitate the Ministry of Information Technology & Telecom’s (MOITT) national level training program, Digiskills.pk. Ignite CEO Syed Junaid Imam and Mobilink Microfinance Bank President Ghazanfar Azzam signed the MoU under the presence of Federal Minister for ITRead More →
KARACHI ( WEB DESK ) Committed to national prosperity, JS Bank has been recognized by the State Bank of Pakistan (SBP) for its leading role in driving home remittance. One of the largest foreign exchange contributors to the national exchequer, Home Remittance is a high priority area for the SBPRead More →
PayFast brings the ultimate and innovative solution to address the pain points of digital payments industry of Pakistan. Pakistan has over 80 million 3g / 4g subscribers, and a huge potential of ecommerce, the market value is estimated at USD 2 billion with a remarkable average yearly growth of 58%.Read More →
ISLAMABAD ( MEDIA REPORT ) Federal Minister for Communications Murad Saeed said, that under the leadership of Prime Minister Imran Khan, the people’s trust in the national institutions has been restored. He said in previous regime Pakistan Post was experiencing losses and nobody was willing to take its responsibility. He saidRead More →
KARACHI (WEB DESK ) The Pakistan Credit Rating Agency Limited (PACRA) has maintained BankIslami’s long-term entity rating at A+ (short term rating at A1) with a Stable Outlook. The ratings reflect BankIslami’s sustained risk profile. The Bank’s profitability enhanced owing to asset yield driven by peaked policy rates and volumetricRead More →
KARACHI ( PRESS RELEASE ) Transfast, a leading cross-border payments service provider with presence in over 140 countries, has partnered with Habib Bank Limited (HBL), the largest commercial bank with over 1700 branches in Pakistan, to facilitate expatriates around the globe to send money to Pakistan. The remittance facility betweenRead More →
LAHORE ( PRESS RELEASE ) State Bank of Pakistan, under the leadership of Governor State Bank, Reza Baqir, introduced a scheme to protect workers and employees during the COVID-19 pandemic. The scheme was dubbed Rozgar Refinance Scheme. The refinance scheme aimed to provide concessional credit at 3% interest rate andRead More →
ISLAMABAD ( PRESS RELEASE ) As the government enforces measures to contain the spread of Corona Virus in Pakistan, Khushhali Microfinance Bank Limited(KMBL) is playing its part to contribute to these efforts and taking steps to ensure the safety of its customers and employees amid the pandemic. In light ofRead More →
KARACHI ( PRESS RELEASE ) Standard Chartered Pakistan has contributed USD1 million to Red Cross and UNICEF programmes that are providing emergency relief to communities impacted by the COVID-19 pandemic. In total, USD300,000 will be contributed to the Red Cross for the provision of urgent medical support and USD700,000 toRead More →
Highlights: Highest ever quarterly profit of PKR 8.8bn (before tax); up 30per cent YoY Total Deposits cross PKR 500bn milestone; up by 10per cent Overall Revenue grows by 27per cent Client Revenue increases by 42per cent CASA to deposits ratio of 94per cent; one of the best in class KARACHIRead More →