HBL has achieved a historic milestone by becoming the first Pakistani bank to be honored with the prestigious title of “Best Trade Partner Bank – Middle East” by the International Finance Corporation (IFC), a member of the World Bank Group. This recognition underscores HBL’s significant contributions to regional trade and business growth in the Middle […]
Karachi, Pakistan – In a groundbreaking collaboration, Habib Bank Limited (HBL) and the Export-Import Bank of Pakistan (EXIM) have signed a Memorandum of Understanding (MoU) to enhance Pakistan’s export growth through innovative trade credit insurance facilities. This strategic partnership aims to support exporters, with a special focus on Small and Medium Enterprises (SMEs) and emerging […]
The Islamic Banking Industry (IBI) in Pakistan has achieved a significant milestone, with its total assets reaching Rs. 9 trillion, according to the latest Islamic Banking Bulletin released by the State Bank of Pakistan (SBP). The report highlights a year of remarkable growth and expansion across the sector. As of December 2023, the assets of […]
Systems Limited Partners with Temenos to Develop Country Model Banks in APAC Region May 21, 2024 – Systems Limited, a global technology leader and award-winning partner of Temenos, has signed a significant agreement to license and develop Temenos Country Model Banks for financial institutions in five Asia-Pacific (APAC) countries: Indonesia, Malaysia, Vietnam, Myanmar, and Brunei. […]
KARACHI — The National Bank of Pakistan (NBP) has solidified a strategic partnership with TouchPoint, a leading provider of self-service solutions, to expand and optimize the efficiency of over 1,200 Diebold Nixdorf ATMs across NBP branches nationwide. The official signing ceremony, held at the National Bank Head Office in Karachi, marked a significant milestone in […]
Mashreq Pakistan Signs Agreement with PTCL for Tier-III Data Center Colocation Services Mashreq Pakistan is pleased to announce the signing of an agreement with PTCL.Official (PTCL) for the provision of primary data center colocation services at PTCL’s Tier-III Data Center facility. Mohamed Abdel Hamid Abdel-Razek, Group Head of Technology, Transformation, and Information at Mashreq, shared […]
Islamabad, Pakistan – May 13, 2024 In a groundbreaking move set to redefine the banking landscape in Pakistan, U Microfinance Bank (U Bank) and Raqami Islamic Digital Bank Ltd. (RIDBL) have announced a strategic interoperable partnership. This collaboration aims to provide branch banking services to RIDBL customers through U Bank’s extensive network, marking a significant […]
In a groundbreaking move towards enhancing digital accessibility in rural Pakistan, the Zarai Taraqiati Bank Limited (ZTBL) has partnered with VRG to introduce USSD Banking Solutions. This collaborative effort aims to empower farmers and individuals engaged in agribusiness across remote regions with convenient access to digital financial services. The innovative USSD Banking Solutions will cater […]
HBL Announces Rs. 6 Billion Equity Investment in HBL Microfinance Bank Ltd Habib Bank Ltd (HBL) has recently disclosed its decision to inject up to Rs. 6 billion in equity into its subsidiary, HBL Microfinance Bank Ltd (HBL MfB), as confirmed in a notification to the Pakistan Stock Exchange (PSX) on Tuesday. Established in 2002, […]
Soneri Bank Limited (PSX: SNBL) Reports 18.2% YoY Rise in Quarterly Profit Soneri Bank Limited (SNBL) has released its financial statement for the quarter ending March 31, 2024, indicating a notable upturn in profits. The bank disclosed a profit of Rs1.76 billion, reflecting an impressive 18.2% Year-over-Year (YoY) increase compared to the same period last […]