KARACHI: The Board of Directors of National Bank of Pakistan (NBP) convened on February 28, 2025, to approve the audited annual financial statements for the year ended December 31, 2024. The bank reported a pre-tax profit of Rs 56.7 billion, despite incurring an extraordinary cost of Rs 68.0 billion due to compliance with the Supreme […]
KARACHI: March 6, 2025 – The State Bank of Pakistan (SBP) has introduced an updated mechanism for Mudarabah-based Financing Facilities (MFF), including Shariah-compliant Standing Ceiling Facility and Open Market Operations (OMO) injections, for Islamic Banking Institutions (IBIs). According to a notification issued by the central bank, these financing facilities will now be available against Government […]
Dubai, UAE: Mastercard has signed a multi-year strategic agreement with Mashreq to support its launch as a digital bank in Pakistan. Announced at a signing ceremony held at Mashreq HQ in Dubai, UAE welcoming leadership from Mashreq and Mastercard, the collaboration is to be on card portfolios across the consumer, affluent, and business market segments. The State Bank […]
Strategic collaboration enables real-time multi-currency access from Payoneer Virtual Account via Meezan Bank’s mobile banking app, contributing to the growth of Pakistan’s digital economy Karachi, March 5th, 2025: Payoneer (NASDAQ: PAYO) the financial technology company empowering the world’s small and medium-sized businesses (SMBs) to transact, do business, and grow globally, has partnered with Meezan Bank, Pakistan’s […]
JazzCash, Pakistan’s leading digital financial service, has joined hands with KTrade to provide seamless stock trading access to millions of Pakistanis directly through the JazzCash app. The partnership was formalized at the Mobile World Congress (MWC) with a signing ceremony featuring Murtaza Ali, President of JazzCash, and Ali Farid Khwaja, Chairman of KTrade. The event […]
Karachi – JS Bank Limited has continued its trajectory of sustainable growth and innovation, further cementing its position as one of the fastest-growing banks in Pakistan. For the year 2024, the bank recorded a consolidated Profit Before Tax (PBT) of Rs. 30.7 billion, marking a significant 64% increase compared to Rs. 18.7 billion in 2023. […]
KARACHI: March 3, 2025 – Syngenta Pakistan has announced the appointment of Syed Mohammad Ali Murtaza as the Head of Corporate Affairs & Sustainability, effective March 3, 2025. Ali brings extensive experience in corporate and regulatory affairs, with a career spanning the petrochemical, digital financial services, and telecom sectors. Prior to joining Syngenta Pakistan, he […]
The rapid digitization of Pakistan’s financial services by a tech-savvy population of over 220 million has solidified the standing of AI chatbots as a key customer engagement tool. With over 64% of Pakistanis under the age of 30 and over 85 million users surfing the smartphone world, traditional banks and disruptors in the fintech industry […]
NymCard, a leading Banking-as-a-Service (BaaS) provider, has announced a strategic partnership with Faysal Bank Limited, one of Pakistan’s premier Islamic banks, to revolutionize the fintech landscape in the country. Through this collaboration, NymCard and Faysal Bank will offer a cutting-edge BaaS platform, empowering fintech startups and businesses to seamlessly integrate financial services into their offerings. […]
Karachi, Pakistan – Faysal Bank Limited (FBL), one of Pakistan’s leading Islamic banks, has signed a strategic Memorandum of Understanding (MoU) with oladoc, a prominent digital healthcare platform. This collaboration aims to provide home remittance account holders with complimentary access to essential digital healthcare services via the oladoc app. This initiative highlights FBL’s dedication to […]