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Mastercard signs strategic collaboration with Mashreq to support its launch as a digital bank in Pakistan  The collaboration involves card portfolios across consumer, affluent, and business segments Karachi  (  Web  News  ) Mastercard has signed a multi-year strategic agreement with Mashreq to support its launch as a digital bank inRead More →

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ISLAMABAD   (   WEB  NEWS   ) Khushhali Microfinance Bank Limited (KMBL) has taken a significant step toward expanding its Islamic banking offerings by collaborating with Qazi Shariah Consultancy. This strategic partnership is aligned with the State Bank of Pakistan’s Vision 2028, which aims to facilitate the transition of conventional banks intoRead More →

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State Bank Grants Pilot License for Digital Retail Bank to Mashreq Bank MBPL is a subsidiary of Mashreq Bank PSC (UAE) Karachi (  Web  News  ) The State Bank has granted a pilot license for a digital retail bank to Mashreq Bank Pakistan Limited. Previously, a microfinance bank was issuedRead More →

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PBA Applauds SBP’s Revised SME Financing Limits as a Key Driver of SME Growth in Pakistan KARACHI   (   WEB  NEWS  )   This notification comes as part of the recommendations put forward by the PBA’s SME Task Force. The Pakistan Banks’ Association (PBA) applauds the State Bank of Pakistan (SBP) forRead More →

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Bank Alfalah Renovates Protectorate of Emigrants Karachi Office to Facilitate Overseas Workers ISLAMABAD  (  WEB  NEWS  ) Bank Alfalah successfully completed a comprehensive branding and renovation initiative at the Protectorate of Emigrants (PE) Karachi Office, aimed at enhancing the experience of overseas workers going abroad for employment. To mark theRead More →

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PBA and SBP’s Strategic Collaboration Targets Expanded Financing and Risk Coverage for SMEs as Part of Priority Sector Development KARACHI  (  WEB  NEWS  ) In a collaborative effort to support the SME sector, the State Bank of Pakistan (SBP) has recently increased the clean lending limit for SMEs to Rs.Read More →

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State Bank of Pakistan & Pakistan Banks Association takes significant steps to grow Agriculture, SME and Digital & Technology sectors of the Banking Industry KARACHI  (  WEB NEWS  ) The Governor, State Bank of Pakistan (SBP), chaired the second Steering Committee meeting on July 4th 2024 on initiatives aimed atRead More →

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Foreign exchange reserves will cross the level of 9 billion dollars. Governor State Bank Jameel Ahmed The policy rate has been increased to 22 percent to reduce inflation and pressure on the current account KARACHI (Sabah News) State Bank Governor Jameel Ahmed has said that Pakistan’s economy is on theRead More →

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Bank Al-Falah Approves Offer From Bank Asia To Acquire Operation, Assets And Liabilities Of The Bank. ISLAMABAD  (  Web News  ) The Board of Directors of Bank Al-Falah Limited approved the offer from Bangladesh’s Bank Asia Limited to acquire the operations, assets, and liabilities of the bank. In a noticeRead More →

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Ghazanfar Azzam, Mobilink Bank CEO, takes bold action in advancing gender equality with the Champions of Change Coalition ISLAMABAD  (  Web  News  ) Ghazanfar Azzam, President and CEO Mobilink Bank, has joined the Champions of Change Coalition, a globally recognised, innovative strategy for achieving gender equality, providing more leadership opportunitiesRead More →

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State Bank Reports Massive Decline In Inflows Of Roshan Digital Accounts In 2023 Throughout The Year, The Opening Of New Accounts Decreased By 25.86% YoY, With 139,898 New Accounts Compared To The Previous Year’s 188,696. ISLAMABAD  (   Web  News  ) In the calendar year 2023, the total inflows into RoshanRead More →

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State Bank Reports Massive Growth In Digital Transactions In FY23 The RTGS Processed 4.9 Million Transactions Amounting To PKR 640.4 Trillion, While 155 Million Transactions Were Processed On Raast Involving PKR 3.2 Trillion In FY23. ISLAMABAD  ( Web News ) The State Bank of Pakistan today reported massive growth inRead More →