March 25, 2025 Dubai – UAE: Alhuda Center of Islamic Banking and Economics (CIBE), a globally recognized leader in promoting Islamic banking and finance, has signed a landmark agreement with Autosoft Dynamics, a renowned banking software solutions provider, to introduce cutting-edge core banking system along with end-to-end Shariha Compliance Islamic Suite (Consumer & Commercial) for […]
Lahore: March 25, 2025 – MCB Bank Limited has announced a strategic partnership with Fauree Tech Pvt. Ltd., a fintech company specializing in digital supply chain finance solutions. This collaboration will expand MCB Bank’s portfolio of digital financing products, aimed at facilitating access to finance for small and medium-sized enterprises (SMEs) across Pakistan. The partnership was […]
ISLAMABAD: Sultan Ali Allana, a prominent banker and philanthropist, has been awarded the prestigious Nishan-e-Khidmat, one of Pakistan’s highest civilian honors, in recognition of his outstanding contributions to public service. The award was conferred during a special investiture ceremony held on Pakistan Day, following its approval by President Asif Ali Zardari on August 14, 2024, […]
KT Bank Pakistan Limited proudly announces its strategic collaboration with Systems Limited to accelerate the implementation of its core banking technology platform. This initiative is a significant step in KT Bank’s mission to develop a digitally advanced, secure, and customer-centric banking ecosystem that aligns with its commitment to financial inclusion and operational excellence. A formal […]
KARACHI: Bank Alfalah has announced its integration with Google Wallet, enabling its credit and debit cardholders to make seamless and secure digital payments. Customers can now add their Bank Alfalah cards or digital credentials to Google Wallet on Android and Wear OS devices. Google Wallet offers users a convenient and secure way to conduct transactions […]
Karachi, Pakistan – Samba Bank Limited has announced its decision to convert from a conventional bank to an Islamic banking institution, according to a notice submitted to the Pakistan Stock Exchange (PSX) on Thursday. In a material information disclosure, the bank revealed that its Board of Directors has granted in-principle approval for the conversion plan. […]
Riyadh, Saudi Arabia – March 11, 2025 – UAE-based Lejion Media has successfully led a large-scale Iftar distribution campaign across Saudi Arabia, aimed at supporting blue-collar Pakistani workers during the holy month of Ramadan. The initiative was organized on behalf of the National Bank of Pakistan (NBP) in collaboration with Al Rajhi Bank, Saudi National […]
KARACHI: United Bank Limited (UBL) has successfully completed the amalgamation of Silkbank Limited (SBL) with and into UBL, effective from March 11, 2025. This milestone marks a significant step in UBL’s journey as one of Pakistan’s leading financial institutions. The merger has been formally approved by the State Bank of Pakistan (SBP) through a Sanction […]
March 11, 2025 – Karachi: The State Bank of Pakistan (SBP) has officially sanctioned the amalgamation of Silk Bank Limited (SBL) with United Bank Limited (UBL), as disclosed in a notification to the Pakistan Stock Exchange (PSX) on Tuesday. In a formal announcement dated March 11, 2025, UBL informed the PSX that the SBP issued […]
Funding from the facility will be directed towards the agriculture sector, which contributes 24 per cent to Pakistan’s GDP and employs 37 per cent of its workforce. The facility will mainly support smallholder farmers, including those in dairy and poultry farming, who often lack access to finance. Farmers vulnerable to climate change impacts, will receive […]