Businesses operating across Pakistan, Saudi Arabia and the UAE know the frustration better than anyone. You land a client in Europe or the United States, you deliver the work, and then the payment process begins. Your Wise account gets flagged. Your Payoneer withdrawal is delayed or blocked entirely. You wait five days for a SWIFT […]
Karachi – 17 July 2026: Mashreq Pakistan, part of Mashreq, one of the leading financial institutions in the MENA region, has announced the appointment of Muhammad Umar Ilyas as Chief Information Officer, reinforcing the bank’s continued investment in technology, innovation and digital banking capabilities in Pakistan. Muhammad Umar Ilyas brings more than 22 years of […]
Islamabad, July 17, 2026: easypaisa Digital Bank has made Shariah-compliant savings simple, accessible, and fully digital by offering an Islamic Takaful Savings solution within its app. The initiative, being offered in collaboration with EFU Life, also represents another step forward in advancing financial inclusion and expanding access to Shariah-compliant financial products through digital channels. By […]
Pakistan, Karachi – 15 July 2026: HBL, Pakistan’s largest issuer of debit cards, launched the HBL PayPak UnionPay Co-Badge Debit Card at a ceremony held at HBL Tower, Karachi. Developed in partnership with 1Link operated PayPak, Pakistan’s first domestic payment scheme and UnionPay International (UPI), the co-badge debit card combines PayPak’s domestic acceptance with UnionPay’s […]
Standard Chartered Bank (Pakistan) Limited has appointed Adil Salahuddin as its new Chief Executive Officer (CEO) and Director, succeeding Rehan Shaikh, according to a notification submitted to the Pakistan Stock Exchange (PSX) on Monday. The appointment was approved by the Bank’s Board of Directors and will become effective upon obtaining the necessary regulatory approvals and […]
Senior leadership of Mastercard and The Bank of Punjab (BOP) met in Karachi to reaffirm and expand their strategic alliance aimed at supporting Pakistan’s transition towards a cashless, digitally connected and financially inclusive economy. Ms. Ailish Campbell, Executive Vice President – Public Sector, headed the Mastercard delegation, which also comprised Mr. Arslan Khan, Country Manager […]
Karachi, Pakistan: Meezan Bank has surpassed Rs2 billion in disbursements under the Government of Pakistan’s flagship affordable housing initiative, Wazir-e-Azam Apna Ghar Programme – Ghar Ho Tu Apna (GHTA), marking a significant milestone in its support for expanding access to home ownership. The Bank also recorded its highest-ever monthly housing finance disbursement of Rs1.3 billion, […]
National Bank of Pakistan (NBP), in collaboration with 1LINK, hosted a Bank Activation Session at its Head Office in Karachi, bringing together senior leadership and Karachi Region Teams to advance the understanding of digital payments agenda. The session delivered in-depth knowledge on NBP Debit Cards, covering their full suite of features, benefits, and usage, with […]
Bank Alfalah secures USD 50 million from BII to fund climate mitigation and adaptation projects across Pakistan. BII will also provide technical assistance to help identify and deploy financing toward high-impact climate projects. Pakistan is highly vulnerable to climate change, making private sector capital in resilience and sustainability critical. London, Karachi, July 10, 2026: Bank Alfalah […]
Karachi, Pakistan – 7 July, 2026 — A consortium of banks, managed by The Bank of Punjab, together with InfraZamin Pakistan Limited, today announced the successful financial close of a PKR 4.76 billion 10-year Islamic Syndicated Term Finance Facility for Air Link Communication Limited and Select Technologies Limited. The financing consortium comprises Askari Bank Limited, […]