KARACHI (PRESS RELEASE) UnionPay International (UPI) and Bank Alfalah have signed an agreement to launch MoneyExpress in Pakistan. MoneyExpress, powered by UnionPay, is an easy way to send money electronically to anyone in Pakistan with a UnionPay card. MoneyExpress eliminates the hindrance of wire transfers and cash, so that sendingRead More →
KARACHI (PRESS RELEASE) BankIslami Pakistan Limited, one of the leading Islamic Banks in the country, has signed a Memorandum of Understanding (MOU) with National University of Sciences & Technology (NUST), one of the leading universities of the country. The MOU signing ceremony was held at the Head Office of BankIslamiRead More →
ISLAMABAD (PRESS RELEASE) The Board of Directors of BankIslami has approved the Bank’s Annual Audited Financial Statements, for the year ended December 31, 2018, in their meeting held in Karachi on February 28, 2019. BankIslami posted profit before tax (PBT) of Rs. 403 million for the year 2018, depicting aRead More →
ISLAMABAD (PRESS RELEASE) Khushhali Microfinance Bank Limited (KMBL) posted its financial results for the year ended December 31, 2018 in Islamabad. With a marked improvement in performance, KMBL maintained its upward growth momentum in year 2018. The bank announced a pre-tax profit of PKR 3.5 billion, one of theRead More →
KARACHI (PRESS RELEASE) The Board of Directors of Telenor Microfinance Bank has appointed Aslam Hayat as acting CEO, following the resignation of Shahid Mustafa. The outgoing CEO Shahid Mustafa tendered his resignation and will officially step down from his role as CEO on 31st May, 2019. Aslam Hayat currently servesRead More →
ISLAMABAD (PRESS RELEASE) Karandaaz Pakistan under its third round of Innovation Challenge Fund (ICF) has signed an agreement with Allied Bank Limited (ABL) to support the bank for developing an innovative, cash-flow based, credit scoring model for small and medium enterprises (SMEs). During this annual challenge, Karandaaz had invited ideas fromRead More →
KARACHI (PRESS RELEASE) With the growing prevalence of technologically advanced solutions in banking industry, BankIslami breaks through the industry with OneTouch Banking, a complete Biometric solution which enables you to carry out all your transactions by just an impression of your thumb. BankIslami, for the first time in Pakistan, introducesRead More →
KARACHI (PRESS RELEASE) In a recent development in digital payments landscape, TCS has collaborated with 1LINK to introduce the service of collecting bill payments at their 900+ TCS Express Centers and at the doorsteps of their customers. The signing ceremony was held at 1LINK Head Office in Karachi. As perRead More →
Powered by Alipay’s blockchain technology, the service enables Pakistanis living in Malaysia to send money home instantly and securely through Telenor’s remittance service provider – Valyou. ISLAMABAD (PRESS RELEASE) Telenor Microfinance Bank, in partnership with Valyou of Malaysia, has introduced Pakistan’s first blockchain-based cross-border remittance service, powered by industry-leading blockchainRead More →
KARACHI (PRESS RELEASE) Pakistan Telecommunication Company Limited (PTCL) has signed an agreement for PKR 4 Billion Unsecured Subordinated Debt Facility (Tier 2 capital) with U Microfinance Bank (U Bank), which is a wholly owned subsidiary of PTCL. This capital injection will enable the bank to further capitalize on the growthRead More →
KARACHI (PRESS RELEASE) BankIslami is pleased to announce that its payment system has been successfully restored and running absolutely secured. All of the Bank’s services can now be accessed and operated as usual including other banks’ ATMs, Internet banking and Mobile App. Thus, our customers can now access all otherRead More →
ISLAMABAD (PRESS RELEASE) The Bank of Khyber signs Pakistan Telecommunication Company Limited (PTCL) for managed services contract for a period of five years. Under this agreement, PTCL will manage and maintain active & passive network operations on behalf of the bank at more than 170 branches countrywide, as well asRead More →