In a major strategic move, Systems Limited, one of Pakistan’s largest software firms, has acquired British American Tobacco SAA Services (Private) Limited from British American Tobacco International Holdings (UK) Limited. The listed software firm shared the development in a notice to the Pakistan Stock Exchange (PSX) on Wednesday. “We hereby wish to inform you that […]
Karachi, 29 July 2025: Meezan Bank, Pakistan’s first and largest Islamic bank, becomes the first bank in the country to roll out Visa’s latest digital innovation: – the Visa Global eSIM for its Visa Infinite Debit Cardholders. Visa, the world leader in digital payments, has introduced the Visa Global eSIM – an innovative digital connectivity solution […]
State Bank of Pakistan (SBP) has issued the consolidated framework for customer onboarding and advised banks and regulated entities (REs) to provide Digital Payment Acceptance solutions to their customers engaged in instore and/or online business/trade activities. Key changes: Simplified and standardized account opening process across all banks. Reduced documentary requirements. banks must open accounts within […]
Engro Fertilizers, a major fertilizer company in Pakistan and Bank Alfalah Limited, Pakistan’s leading commercial bank, announced a strategic partnership aimed at empowering farmers across the country through enhanced lending facilities. This collaboration will extend financing of up to PKR 1 million to farmers registered through Engro Markaz outlets and UgAI -the first integrated agricultural […]
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 […]
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 – 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 […]
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 […]
KARACHI – July 17, 2025 — United Bank Limited (UBL) has announced a significant move to enhance customer convenience by keeping selected branches open on Sundays as well. In a post shared across its official social media channels, UBL stated that these branches will now operate from 10:00 a.m. to 4:00 p.m. every Sunday, offering […]
The banking sector’s gross Advance-to-Deposit Ratio (ADR) maintained its downward trajectory, clocking in at 38% as of June 2025. The banking sector’s ADR stood at 38.1% as of June 2025, down from 39.8% recorded in May 2025, reflecting a decrease of 172 basis points (bps), stated brokerage house Arif Habib Limited (AHL) on Tuesday. On […]