HBL Microfinance Bank Partners with ETI-GB to Boost Financial Access for Rural Farmers
Gilgit-Baltistan, Pakistan – HBL Microfinance Bank (HBL MfB) has signed a strategic agreement with the…
HBL Microfinance Bank Partners with ETI-GB to Boost Financial Access for Rural Farmers
Gilgit-Baltistan, Pakistan – HBL Microfinance Bank (HBL MfB) has signed a strategic agreement with the Economic Transformation Initiative, Gilgit-Baltistan (ETI-GB), to expand financial inclusion for rural farmers in the region. The collaboration aims to enhance access to finance, empowering small-scale farmers and agribusinesses. The Gilgit-Baltistan Rural Support Program (GBRSP) will serve as the implementing partner…
AutoSoft Dynamics Partners with Azeemi Technologies at LEAP 2025 to Revolutionize Banking in Saudi Arabia
Riyadh, Saudi Arabia – February 2025 – AutoSoft Dynamics, a subsidiary of Constellation Software Inc. (CSI), has taken a significant step toward expanding its presence in Saudi Arabia by signing a teaming agreement with Azeemi Technologies. The agreement, formalized on the first day of the LEAP 2025 technology conference, aims to introduce cutting-edge banking solutions…
PTCL Group Reports Strong Financial Performance for 2024, Achieves 17% Revenue Growth
Islamabad, February 12, 2025 – Pakistan Telecommunication Company Limited (PTCL) has announced its financial results for the year ending December 31, 2024, showcasing a stellar performance with double-digit revenue growth of 17%. The PTCL Group continues to solidify its position as the country’s leading integrated telecom service provider. PTCL Group Key Financial Highlights PTCL Group…
Faysal Bank Partners with Alliance Network to Revolutionize Digital Payments for SMEs
Karachi, Pakistan – Faysal Bank Ltd. (FBL), a leading Islamic bank in Pakistan, has entered into a strategic partnership with Alliance Network to transform digital payment acceptance for small and medium-sized enterprises (SMEs). This collaboration aims to expand Pakistan’s digital payment infrastructure, enabling businesses to embrace cashless transactions and enhance their growth through innovative financial…
SECP Grants License to Pakistan’s First Fully Digital Brokerage House: Tamkeen Securities (Pvt) Ltd
Islamabad – The Securities and Exchange Commission of Pakistan (SECP) has granted a license to Tamkeen Securities (Pvt) Ltd, making it the country’s first fully digital, online-only securities broker. This milestone marks a significant step in modernizing Pakistan’s capital markets, enhancing accessibility, and democratizing investment opportunities for retail and institutional investors nationwide. According to an official…
85% of Pakistan’s B2B Transactions Still Cash-Based: Visa Report
Karachi – Visa (NYSE: V), a global leader in digital payments, has released a whitepaper emphasizing the benefits of digitizing SME payments, identifying over $121 billion worth of SME B2B transactions in Pakistan primed for digital transformation. Umar S. Khan, Country Manager for Pakistan & Afghanistan at Visa, highlighted the critical role of SMEs in the…
Soneri Bank Reports Rs 5.9 Billion Profit After Tax for 2024
KARACHI: Soneri Bank Limited has announced its financial results for the year ended December 31, 2024, reflecting consistent growth despite economic challenges. The results were approved during the Bank’s 209th Board of Directors meeting held in Karachi and chaired by Amin A. Feerasta. The Bank reported a Profit Before Tax (PBT) of Rs 12.638 billion…
SECP and SBP Collaborate on Same-Day Corporate Bank Account Opening Initiative
Islamabad: The Securities and Exchange Commission of Pakistan (SECP) and the State Bank of Pakistan (SBP) are jointly working on a significant initiative aimed at streamlining corporate banking operations through the Same-Day Account Opening plan. According to details, this initiative will enable companies to establish banking relationships swiftly, reducing delays in accessing essential financial services…
MCB Bank Reports Rs63.47 Billion Profit for 2024
KARACHI: MCB Bank Limited, one of Pakistan’s largest commercial banks, has reported a profit-after-tax (PAT) of Rs63.47 billion for 2024, reflecting a 3% decline compared to Rs65.27 billion recorded in 2023. In its consolidated statement released to the Pakistan Stock Exchange (PSX) on Thursday, the bank reported earnings per share (EPS) of Rs53.35 for the…
A Beginner’s Guide to Personal Finance Management in Pakistan
In Pakistan, the importance of successfully managing personal finances cannot be overemphasized. When faced with fluctuating economic conditions and inflation impacting purchasing power, it is crucial to have a good financial plan. This guide will introduce you to the basics of personal finance management including budgeting, saving, investing and dealing with debts. Understanding Your Income…
