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 […]
Karachi, 12th November: Meezan Bank, Pakistan’s leading Islamic bank, has been declared the winner of the ‘Best Bank of the Year – Large Size Banks’ award by the CFA Society Pakistan, a member society of the CFA Institute, USA, at its 22nd Annual Excellence Awards held recently in Karachi. This marks the sixth consecutive year that […]
SINGAPORE, Nov. 10, 2025 – Farmdar, an agritech company that uses AI and space technologies for sustainable, climate-resilient agriculture, today announced that it has raised funding from ADB Ventures, the venture capital arm of the Asian Development Bank. This strategic investment and long-term partnership will allow Farmdar to accelerate deployment of its AI and precision agriculture product to farmers, […]
KARACHI: The Board of Directors of Sindh Bank, in its meeting held on October 29, 2025, approved the bank’s financial statements for the nine months ended September 30, 2025, marking a period of exceptional performance across key business segments. The bank reported an impressive 213 percent growth in operating profit compared to the same period […]