In a significant move to enhance digital payment solutions, 1LINK has onboarded Bank Alfalah as a Reverse Bill Aggregator for its 1BILL services. The agreement was officially signed by Mr. Adnan Nasir, Head of Digital Payments at Bank Alfalah, and Mr. Najeeb Agrawalla, CEO of 1LINK, in the presence of key team members from both […]
Islamabad – In a groundbreaking move to promote financial inclusion and women’s empowerment in Pakistan, Mobilink Bank, a leading digital microfinance institution, has joined forces with CARE Pakistan to launch the Strive Women program. This partnership aims to unlock the potential of 50,000 women entrepreneurs over the next three years, equipping them with the financial […]
Karachi, Pakistan – September 2, 2024 – Fauji Fertilizer Company (FFC) and Farmdar have announced a transformative partnership aimed at bridging the yield gap across Pakistan. This innovative alliance will integrate AI-driven precision farming with advanced space technology, offering farmers real-time data and insights to enhance their agricultural practices. The collaboration will introduce advanced tools […]
Karachi — HBL Islamic has reinforced its strategic alliance with Al-Hamd International Container Terminal (AICT), a leading logistics provider in Pakistan. This partnership is set to empower AICT with a comprehensive digital payment solution, marking a significant step towards the digitalization of the logistics industry in the country. Through this collaboration, HBL Islamic aims to […]
In a groundbreaking collaboration, Waada, a leading name in the insurance industry, has partnered with Priceoye, Pakistan’s top online platform for mobile phones, to offer an all-encompassing mobile phone insurance solution. This partnership allows Priceoye customers to insure their brand-new smartphones not only against loss and theft but also screen damage, ensuring their devices are […]
Karachi – Soneri Bank Limited has announced a strategic partnership with Dewan Farooque Motors Limited, aiming to offer tailored vehicle financing solutions to customers across Pakistan. This collaboration is set to pave the way for enhanced and accessible financing options, making it easier for customers to purchase their desired vehicles. Through this alliance, Soneri Bank […]
Moody’s Investors Service has upgraded the long-term deposit ratings of five leading Pakistani banks—Allied Bank Limited (ABL), Habib Bank Limited (HBL), MCB Bank Limited (MCB), National Bank of Pakistan (NBP), and United Bank Limited (UBL)—from Caa3 to Caa2. This rating action reflects the improved creditworthiness of Pakistan, following the recent upgrade of the country’s sovereign […]
Karachi, August 29, 2024—JS Bank, one of Pakistan’s fastest-growing financial institutions, has announced its financial results for the first half of 2024, showcasing a remarkable surge in profitability and solidifying its position as an emerging powerhouse in the banking sector. The bank reported a consolidated Profit Before Tax of Rs. 18.79 billion, reflecting an extraordinary […]
Karachi, August 22, 2024 — The Board of Directors of Telenor Microfinance Bank (TMB) has announced the Bank’s financial results for the half year ended June 30, 2024, revealing an extraordinary financial performance that underscores its leadership in Pakistan’s fintech sector. For the first half of 2024 (H1’24), TMB recorded a profit before tax of […]
Pakistan’s listed banks reported a cumulative profit of Rs. 137 billion in the second quarter of 2024, reflecting a 4% year-on-year (YoY) growth, according to a report by Topline Securities. Excluding the National Bank of Pakistan (NBP), profitability surged by 26% YoY, primarily fueled by an increase in Net Interest Income (NII) and Non-Interest Income. […]