KARACHI: BankIslami has launched a nationwide outreach initiative aimed at strengthening public understanding of Islamic banking and accelerating the transition toward a Riba-free financial system in Pakistan. As part of the campaign, regional team leaders have begun conducting on-ground awareness and advocacy sessions with officials across the country. These engagements focus on enhancing knowledge of […]
KARACHI: Standard Chartered Pakistan has been awarded a comprehensive USD 72 million working capital and cash management mandate by Dawlance, a subsidiary of global home appliance giant Beko. The mandate marks a significant expansion of the bank’s footprint among multinational corporates operating in Pakistan. Under the agreement, Standard Chartered will deliver end-to-end working capital financing, […]
ISLAMABAD: Mobilink Bank, Pakistan’s leading digital microfinance institution, has officially launched its Islamic banking operations, aiming to deliver responsible and Shariah-compliant financial services nationwide. The announcement was made during VEON Group’s annual strategy session, Ignite, held in Abu Dhabi, shortly after the Bank received its Islamic Banking License from the State Bank of Pakistan (SBP). […]
Standard Chartered Bank Pakistan and the International Finance Corporation (IFC), a member of the World Bank Group, have announced a new USD 400 million risk-participation facility aimed at expanding short-term trade and working capital financing for major Pakistani corporations and exporters. The initiative is expected to strengthen Pakistan’s foreign exchange inflows and support sustainable economic […]
TouchPoint has taken a major step in its international expansion with the successful deployment of CADEPO – its advanced Cash & Cheque Deposit Solution powered by QMatch – at Exim Bank, Djibouti (SA). The implementation was supported by SPS Cash Handling Solutions, a valued partner of TouchPoint, while all hardware and software powering the solution […]
HBL Microfinance Bank (HBL MfB), in partnership with the Pakistan Space & Upper Atmosphere Research Commission (SUPARCO), has initiated the first loan disbursements under Pakistan’s maiden climate-smart agri-finance program powered by satellite data intelligence. The milestone marks a significant step in the country’s move toward sustainable and technology-enabled agriculture. The pilot program—previously announced as a […]
Allied Bank Limited, one of Pakistan’s leading financial institutions, recently concluded a series of awareness activities to highlight the benefits of its Warehouse Facility, a groundbreaking solution to help agricultural enterprises overcome challenges in accessing conventional financing. Allied Warehouse Facility enables millers, traders,farmersor agricultural enterprises to support working capital needs by offering their stock as security […]
United Bank Limited (UBL) has extended a Rs. 25 billion bilateral financing facility to Telenor Pakistan, marking the telecom operator’s first locally secured borrowing since it began operations in the country. The financing agreement was formalized at Telenor Pakistan’s headquarters in Islamabad, where the documents were signed by the company’s Chief Financial Officer, Andreas Högberg, […]
KARACHI: The Bank of Punjab (BOP) reported sustained gains in profitability, margins, and balance sheet strength at its Analyst briefing held on Friday for institutional investors & research analysts, underscoring the continued progress of its multi-year turnaround. The session was led by President & CEO Zafar Masud, accompanied by Chief Financial Officer Nadeem Amir and […]
Karachi: Faysal Bank Limited (FBL) has won the award for Pakistan’s Best Bank (mid-sized) at the 10th Pakistan Banking Awards, reaffirming its leadership in Islamic banking and its commitment to innovation, excellence, and customer-centric growth. As one of Pakistan’s leading Islamic Bank, with an expanding network of nearly 900 branches nationwide, Faysal Bank’s recognition as […]