KARACHI: Faysal Bank Limited (FBL) has achieved a remarkable milestone by securing 14 awards at the prestigious Global Diversity, Equity & Inclusion Benchmark (GDEIB) Awards 2025. This achievement underscores the Bank’s leadership in Diversity, Equity, and Inclusion (DEI) initiatives in Pakistan. The awards include 10 in the ‘Best Practice’ category and four in the ‘Progressive’ […]
Karachi, Pakistan — Shareholders of the National Bank of Pakistan (PSX: NBP) have approved a Scheme of Arrangement to demerge a specified portion of SME Bank’s lending portfolio, transferring it to NBP. According to a filing submitted to the Pakistan Stock Exchange (PSX), the plan has been structured under Sections 279-283 and 285(8) of the […]
ISLAMABAD: Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, has emphasized that the revival of the Export and Import (EXIM) Bank is a top priority for the government, citing its critical role in fostering export-led economic growth. Briefing the Senate Standing Committee on Finance on Monday, the minister underscored the bank’s potential to enhance […]
KARACHI: Mashreq Pakistan has become the first bank in the country to launch pilot operations as a digital retail bank, following the issuance of a restricted license from the State Bank of Pakistan (SBP). As part of the leading MENA-based financial institution Mashreq, Mashreq Pakistan has achieved key milestones since incorporating operations in 2023. These […]
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 […]