KARACHI: United Bank Limited (UBL), one of Pakistan’s leading financial institutions, has announced the expansion of its strategic partnership with Teradata. The collaboration includes an upgrade of UBL’s data environment, leveraging Teradata’s enterprise analytics and data platform for Trusted AI at scale, with the flexibility to deploy cloud infrastructure where applicable. This collaboration marks a […]
ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has issued an Investment Finance Services licence to Alif Finance (Private) Limited, authorizing it to operate as a Non-Banking Finance Company (NBFC) under the applicable regulatory framework. The swift and timely processing of the licence reflects SECP’s ongoing commitment to regulatory efficiency, responsiveness, and facilitation of […]
Karachi, Pakistan – July 25, 2025: BankIslami Pakistan Limited has announced that it has received a No Objection Certificate (NOC) from the State Bank of Pakistan (SBP) to establish a new exchange company under the name BIPL Exchange Company (Private) Limited. The development was disclosed in an official notice submitted by the bank to the […]
KARACHI – Faysal Bank Limited (FBL) has taken a groundbreaking step toward digital transformation in Islamic finance. In collaboration with fintech innovator Fauree, FBL has signed a MoU to develop and deploy a comprehensive Islamic Digital Supply Chain Finance (SCF) and Agri-Digitization ecosystem. The MoU was signed by Altaf Hussain Saqib, Head of Commercial Banking […]
Federal Minister for Information Technology and Telecommunication Shaza Fatima Khawaja said Wednesday that Pakistan’s Artificial Intelligence (AI) policy, which was finalized after a year of consultations at home and abroad, is likely to be approved soon. Speaking at a seminar at Quaid-i-Azam University, the minister reaffirmed the government’s strong commitment to implementing the AI policy. […]
Pakistan Telecommunication Company Limited (PTCL) and Al Baraka Bank Pakistan Limited have signed an agreement for the provision of primary Data Center colocation services at PTCL’s Tier-III Data Center facility. PTCL will provide Al Baraka Bank Pakistan Limited with a secure and reliable Data Center environment equipped with modern infrastructure, platform solutions, and managed security […]
Karachi – July 23, 2025: The State Bank of Pakistan (SBP) on Tuesday issued the advance calendar for the Monetary Policy Committee (MPC) meetings for the fiscal year 2025-26 (FY26), in a move aimed at enhancing transparency and predictability in monetary policy decisions. In an official statement, the central bank announced that, in line with […]
InfraZamin Pakistan, Sunridge Foods (Pvt.) Limited, and BankIslami marked a landmark moment at the Pakistan Stock Exchange (PSX) with a ceremonial gong strike to launch Pakistan’s first fully subscribed PKR 2 billion Agri-Infrastructure Sukuk. This Shariah-compliant Sukuk, is backed by a 100% principal credit guarantee from InfraZamin Pakistan and carries a long-term AAA rating, and […]
KARACHI: Euromoney Awards for Excellence 2025 has awarded HBL the accolade of ‘Pakistan’s Best Bank’. The Bank has also won ‘Pakistan’s Best Bank for Large Corporates’ and ‘Pakistan’s Best Investment Bank’. Euromoney is a global English-language publication focused on business and finance. These awards are the most prestigious recognition in the banking industry, globally. The […]
StockIntel, a premier analytics and trading platform by Capital Stake, today announced the launch of its innovative Off-Market Order Placement feature. This new capability is poised to significantly enhance how investors, especially the global Pakistani diaspora, engage with the Pakistan Stock Exchange (PSX). The Off-Market Order Placement feature allows users to submit trade orders even […]