New tokenization technology, MDES for Merchants (M4M) designed to protect security of consumers and merchants as shopping goes increasingly digital KARACHI (PRESS RELEASE) As e-commerce continues to accelerate owing to the COVID-19 pandemic, Mastercard is leading the way in fostering cybersecurity and combatting fraud. With online shopping playing an integralRead More →
ISLAMABAD ( STAFF REPORT ) Pakistan’s largest Microfinance Bank, Khushhali Microfinance Bank celebrated its 20th anniversary on August 11th, 2020. This anniversary was unique in its nature as 5,000+ employees across the entire network of Khushhali Microfinance Bank, participated in the celebrations digitally, through a zoom meeting. Khushhali Microfinance BankRead More →
Nothing has been done in Karachi for the past 20 years neither the Sindh government was performing nor the local bodies. “Karachi is an orphaned city currently,” said AGP Javed. KARACHI (WEB DESK) The Supreme Court on Wednesday lashing out at the provincial and local government gave National Disaster ManagementRead More →
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 →