Here’s the revised and polished version in a professional news format: Meezan Bank Partners with Ekkel AI to Launch Generative AI Initiative Meezan Bank, Pakistan’s leading Islamic bank, has announced a strategic partnership with Ekkel AI to implement a Generative AI initiative aimed at revolutionizing banking operations, enhancing employee productivity, and delivering unparalleled customer experiences. […]
JS Bank, one of Pakistan’s fastest-growing financial institutions, has unveiled its new Priority Banking services, a bespoke offering designed to cater to the unique needs of its most valued clients. The initiative reflects the bank’s focus on delivering personalized solutions that elevate the overall banking experience. The newly launched Priority Banking services offer a range […]
Lahore, [26th December, 2024] – JS Investments, Pakistan’s premier asset management company, proudly announces the launch of Lahore’s first Digital Wealth Centre, marking a transformative step in the country’s wealth management sector. Following the resounding success of its debut Wealth Centre in Karachi, the new facility in DHA Phase 6, Lahore, combines cutting-edge digital innovation […]
Islamabad, December 26, 2024 – In a decisive move towards financial stability and growth, the shareholders of Bank Makramah Limited (BML) have overwhelmingly approved the Scheme of Arrangement for restructuring the bank during an Extraordinary General Meeting (EGM) held yesterday. The scheme, filed with the Islamabad High Court under Sections 279 to 283 and 285(8) […]
The State Bank of Pakistan (SBP) has introduced enhanced collateral and eligibility criteria for improved monetary policy lending operations effective July 2025. In order to further strengthen risk mitigation measures for SBP’s Monetary Policy Lending Operations and Mudarabah Based Financing Facilities (OMOs and Standing Ceiling Facility), the following instructions are being issued: A. Collateral Requirements: Sr. […]
Karachi, Pakistan – December 24, 2024 – The Pakistan Banks’ Association (PBA), in collaboration with Ipsos and Reenergia, has officially signed an agreement to create the SME Environment & Performance Index (SEPI), marking a pivotal moment in the development of Pakistan’s SME sector. The signing ceremony, held at the Islamic Chamber of Commerce & Development […]
Date: December 23, 2024 Muscat, Oman – In a remarkable initiative aimed at fostering community engagement and promoting financial literacy, the National Bank of Pakistan (NBP) and Al Jadeed Exchange have announced the launch of a cricket tournament scheduled for January 2025. The announcement was made during a prestigious dinner event held in Muscat, Oman, attended by esteemed dignitaries, […]
Karachi: Meezan Bank, Pakistan’s leading Islamic bank, and Arif Habib Limited (AHL), a pioneer in investment banking, have announced a strategic partnership aimed at enhancing the investor experience in Pakistan. The collaboration was formalized through a Memorandum of Understanding (MoU), signed by Syed Amir Ali, Deputy Chief Executive Officer of Meezan Bank, and Shahid Ali […]
Karachi: The State Bank of Pakistan (SBP) has announced the adoption of AAOIFI Shariah Standard No. 59 on the Sale of Debt, aimed at standardizing and harmonizing Shariah practices across Islamic Banking Institutions (IBIs). The decision, effective immediately, comes with certain clarifications and amendments to ensure compliance. In a statement, the SBP emphasized that this […]
KARACHI: The Institute of Cost and Management Accountants of Pakistan (ICMA) has lauded the State Bank of Pakistan’s (SBP) Monetary Policy Committee (MPC) for its decisive action to cut the policy rate by 200 basis points, bringing it to 13%, effective December 17, 2024. The decision, prompted by a significant decline in inflation to 4.9% […]