KARACHI ( MEDIA REPORT ) Top management of HBL is expected to be reorganized as Nauman K Dar, the President and CEO of Habib Bank Limited (HBL) is set to retire on December 31, 2017. The notice sent to the Pakistan Stock Exchange (PSX) explained that after Dar’s retirement, HBL willRead More →
ISLAMABAD ( PRESS RELEASE ) National Accountability Bureau (NAB) Chairman Justice (retd) Javed Iqbal on Thursday asked anti-graft watchdog to contact Interior ministry to request not to remove name of President of National Bank of Pakistan Saeed Ahmed from Exit Control List (ECL). In a statement NAB chairman said thatRead More →
KARACHI ( PRESS RELEASE ) Telenor Microfinance Bank, has entered into a partnership with Careem Pakistan under which disbursal of payments to their Captains will be carried out through the Bank’s branchless banking platform – Easypaisa. Careem is set to utilize Easypaisa’s extensive network of over 75,000 agents nationwide toRead More →
Profit after tax for the period ended September 30, 2017 reported at Rs. 7.175 Bn KARACHI ( PRESS RELEASE ) The Board of Directors of Bank Alfalah in their meeting held on 25 October 2017, approved the Bank’s un-audited financial statements for the nine months period ended September 30, 2017.Read More →
KARACHI ( PRESS REPORT ) A signing ceremony led by Nauman Ansari (CEO Bank Alfalah) and Dr. Jo Beall (Director Education and Society, British Council Executive Board) was held on 5th October 2017 at British Council Library, Karachi. This ceremony marked the formal initiation of an Operational Alliance for CSRRead More →
ISLAMABAD ( PRESS RELEASE ) JS Bank Limited & Abacus Consulting signed an agreement for the implementation of Apigee, Google Cloud’s API Management Platform. The initiative aims to create a JS Bank led ecosystem where partners, customers, fintech players, and employees can leverage this digital investment and participate in building an APIRead More →
ISLAMABAD ( PRESS RELEASE ) Faysal Bank Limited (FBL), one of the leading banks in Pakistan announced the launch of 0% instalment plan in partnership with SanaSafinaz, a well acclaimed Fashion House of Pakistan. Commenting on this occasion Mr Fouad Farrukh, Head of Retail Banking, Faysal Bank stated, “This businessRead More →
KARACHI ( PRESS RELEASE ) Strengthening its market standing as the nation’s preferred banking institution, Telenor Microfinance Bank (formerly Tameer Microfinance Bank) has won the ‘Best Microfinance Bank’ and “Best Bank for the Unbanked” awards at the 2nd Pakistan Banking Awards 2017 for its outstanding initiatives for promotion of financial inclusionRead More →
KARACHI ( MEDIA REPORT ) The Department of Financial Services (DFS) has fined Habib Bank and its New York branch $225 million for failure to comply with New York laws and regulations designed to combat illicit financial transactions, announced Financial Services Superintendent Maria T Vullo on Thursday. The new orderRead More →
LAHORE ( PRESS RELEASE ) National Bank of Pakistan (NBP) and Karandaaz Pakistan have joined hands to create a more robust digital financial ecosystem in Pakistan through implementation of an Application Programming Interface (API) management platform for NBP. This technology platform implementation is focused particularly on digitizing Government to Person (G2P) andRead More →
KARACHI ( PRESS RELEASE ) Seasoned banker Shahid Mustafa has been appointed the new President & Chief Executive Officer (CEO) of Telenor Microfinance Bank (formerly Tameer Microfinance Bank). Shahid replaced outgoing President &CEO Ali Riaz Chaudhry who served the institution since May 2016. Shahid, whose career spans over 20 years,Read More →
KARACHI ( PRESS RELEASE ) Bank Alfalah Limited, has partnered with C Square Consulting to install self-service banking kiosks. Using these IntellekT kiosks, anyone can open a Bank Alfalah digital/wallet account powered by UnionPay Debit Card within merely three minutes and all that is needed for processing is the person’sRead More →