Raqami Islamic Digital Bank Limited has been awarded a restricted banking license by State Bank of Pakistan under the Licensing and Regulatory Framework for Digital Banks to commence Pilot operations as a Digital Retail Bank. The approval marks a defining moment in Raqami’s journey to become Pakistan’s first fully Shariah-compliant, Digital Retail Bank offering a […]
KARACHI: Standard Chartered Pakistan, launched the 7th Cohort of the Futuremakers Women in Tech Accelerator in partnership with INNOVentures Global (Pvt) Limited. This accelerator was first launched in Pakistan in 2019 and was designed to address gender disparity in the technology sector. This initiative not only supports innovative business ideas but also addresses the financial […]
Peshawar, Pakistan — The Bank of Khyber (BoK) has announced a strategic partnership with Eastnets to transform its cross-border and domestic payment capabilities, marking a significant milestone in the bank’s journey toward digital modernization and alignment with international financial standards. The agreement was formally signed by Amin Sajid, Group Head of Operations and Support at […]
KARACHI: Standard Chartered Pakistan has been awarded a comprehensive USD 130 million banking mandate by Siemens Energy approved in January 2025. The mandate covers variety of banking products that further solidify Standard Chartered’s position as a trusted banking partner for global corporations operating in Pakistan. The partnership is a testament to the bank’s strong network, […]
KARACHI, May 6, 2025 – easypaisa Digital Bank has posted a profit before tax of PKR 840 million for the quarter ended March 31, 2025, compared to PKR 1,028 million in the same period last year. The financial results were approved by the Board of Directors during a meeting held on April 23, 2025. Despite […]
In a major policy shift, the State Bank of Pakistan (SBP) announced a 100 basis points cut in the benchmark interest rate, bringing it down to 11 percent. The decision was unveiled on Monday following a meeting of the central bank’s Monetary Policy Committee (MPC). This marks the first rate cut since March 10, when […]
In a landmark move set to redefine customer trust and digital banking security in Pakistan, Askari Bank has launched Pakistan’s first In-App Banking Call feature through the Askari Mobile App. This pioneering service enables customers to receive secure, authenticated calls directly from within the bank’s mobile application, effectively eliminating the threat of fraudulent phone scams. […]
Lahore – MCB Islamic Bank hosted its Annual Awards 2024 in Lahore, celebrating the remarkable achievements, dedication, and contributions of its top-performing team members from across Pakistan. The prestigious event was graced by Raza Mansha, Chairman of the Board of Directors, who attended as the Chief Guest. In his address, Mansha commended the bank’s continued […]
Karachi, May 2, 2025 — Dubai Islamic Bank Pakistan Limited (DIBPL) has announced the appointment of Mr. Muhammad Ali Gulfaraz as its new Chief Executive Officer, effective today, May 2, 2025. With a distinguished career spanning over 25 years, Gulfaraz brings a wealth of international and domestic banking experience to his new role. His expertise […]
Karachi, May 2, 2025 — Bank Alfalah Limited (PSX: BAFL) has officially completed the divestment of its entire shareholding in its subsidiary, Alfalah Securities (Private) Limited. In a stock filing submitted to the Pakistan Stock Exchange (PSX) today, the Bank confirmed the sale of 324,999,912 shares—representing 95.59% of Alfalah Securities’ issued and paid-up capital—to M/s. […]