KARACHI ( TARIQ REPORT ) In a landmark development to promote Islamic Banking and Finance in the country, Pakistan’s leading financial institution Bank Alfalah has entered into an agreement with AlHuda Centre of Islamic Banking and Economics (CIBE), an international leader in human capital development for the Islamic financial services industry.Read More →
ISLAMABAD ( MEDIA REPORT ) The board of directors at United Bank Limited ( UBL ) finally made a much-awaited announcement in the banking sector, which is the appointment of Sima Kamil as the new Chief Executive Officer (CEO) and President of UBL in the place of Wajahat Hussain. ServingRead More →
ISLAMABAD ( BMZ REPORT ) An agreement was inked between Khushhali Microfinance Bank Limited (KMBL) and Pakistan Television Corporation Limited (PTV) Peshawar to launch a motorcycle loan scheme, for the benefit of PTV employees, while the finance purchase of these motorbikes will be done by KMBL. PTV employees will alsoRead More →
KARACHI ( TARIQ REPORT ) Pakistan’s leading banking institution, Bank Alfalah, has bagged the International Finance Magazine Award in ‘Best Credit Card Offering’ category at IFM Awards organized by International Finance Magazine in Singapore for recognizing best-in-class banks and financial institutions. Bank Alfalah is the only bank in Pakistan to haveRead More →
KARACHI ( TARIQ REPORT ) The State Bank of Pakistan (SBP) has issued draft Framework on IT Governance and Risk Management for Financial Institutions for comments/feedback from interested parties. The framework is based on international standards and recognised principles of international practice for technology governance and risk management, and shallRead More →
LAHORE ( HAFEEZ REPORT ) Samba Bank Limited Pakistan, a majority owned subsidiary of Samba Financial Group of Saudi Arabia has successfully implemented the new Temenos Core Banking software R15 for its retail and corporate banking services. Temenos teamed up with regional partner, National Data Consultant (pvt) Ltd (“NDC”) onRead More →
KARACHI (MEDIA REPORT ) Aman Aziz Siddiqui is likely to be appointed as new President of National Bank of Pakistan. Aman Aziz, former banker of Bank of America and now working in the Board of Directors of Dubai Islamic Bank has been short-listed along with four other candidates for theRead More →
KARACHI ( TARIQ REPORT ) Areej Iqbal Qureshi, one of the four emerging designers who exhibited their collections at the opening of Fashion Pakistan Week 2017, was declared winner of the Bank Alfalah Rising Talent award at the closing of the event today. Areejfrom Pakistan Institute of Fashion & DesignRead More →
KARACHI ( TARIQ REPORT ) Bank Alfalah’s famed talent hunt and development program returned today with four budding designers fighting for the coveted ‘Rising Talent’ trophy at the opening of Fashion Pakistan Week 2017 at a local hotel in Karachi. Bank Alfalah’s Rising Talent platformaims to motivate, inspire and recognizeRead More →
ISLAMABAD ( MEDIA REPORT ) THE potential for growth in digital financial services in an economy like Pakistan are immense. A quick look through the following data reveals a sharp contrast between the demand for and supply of financial services in the country. — Eighty five per cent of Pakistan’sRead More →
KARACHI ( GUEST WRITER ASLAM SHAH ) Allied Bank of Pakistan (ABL) is involved in the embezzlement of over Rs 1.62 billion, deposited as a fixed deposit for different tenures in 2010, of the Karachi Metropolitan Corporation’s (KMC) pension and investment accounts. The Federal Investigation Agency (FIA) after a probeRead More →
KARACHI ( TARIQ REPORT ) JCR-VIS Credit Rating Company Limited (JCR-VIS) has assigned initial entity ratings of ‘AA+/A-1+’ (Double A Plus/A-One Plus) to Bank Alfalah Limited (BAFL). Outlook on the assigned ratings is ‘Stable’. The assigned ratings reflect the Bank’s diversified operations, healthy financial risk profile, strong sponsors and existingRead More →