KARACHI: The Finance Minister Muhammad Aurangzeb on Monday appreciated the State Bank of Pakistan (SBP) and banks for achieving stellar growth of 41 percent in SME finance and appreciable growth of 15 percent in agri financing during FY25. He was addressing a meeting of banks’ CEOs/Presidents at SBP head office Karachi. The meeting was co-chaired […]
KARACHI: The State Bank of Pakistan (SBP) has officially launched the Women Entrepreneurship (WE) Finance Code, an international collaborative initiative designed to boost financial institutions’ disclosure and commitment toward funding Women Micro, Small, and Medium Enterprises (WMSMEs). Originally launched by the World Bank Group in 2023, the WE Finance Code aims to close the global […]
Source: Business Recorder The State Bank of Pakistan (SBP) officially joined the global initiative of Women Entrepreneurs Finance Code (WE Finance Code) in collaboration with the Asian Development Bank (ADB) and under the leadership of the World Bank on Monday. The ADB has partnered the initiative with a substantial $500 million financing programme to the […]
Karachi, Pakistan – June 2025: In a groundbreaking move to scale gender-inclusive financing, Pakistan Microfinance Investment Company (PMIC), in collaboration with Pakistan Kuwait Investment Company (Private) Limited, PakLibya Holding Company (Pvt.) Limited, Pak Brunei Investment Company Limited, and Allied Bank Limited, has successfully structured a PKR 3 billion syndicated facility for ASA Microfinance Bank (Pakistan) […]
The Government of Pakistan and the Asian Development Bank (ADB) on Tuesday signed a $350 million loan agreement to support the “Women Inclusive Finance Sector Development Program (Subprogram-II).” The State Bank of Pakistan also signed a related Project Agreement for the Financial Intermediary Loan (FIL). The loan package includes a $300 million policy-based loan and […]
KARACHI: United Bank Limited (UBL) has announced a strategic partnership with CashNow, a leading fintech platform, to introduce a cutting-edge Digital Supply Chain Finance solution. The agreement was formally signed at UBL’s Head Office in Karachi, marking a significant milestone in the bank’s digital transformation journey. Through this collaboration, UBL will empower its customers with […]
KARACHI: Halan Microfinance Bank (“the Bank”), a Pakistani microfinance bank owned by MNT-Halan, Egypt and the MENA region’s first fintech unicorn, has received a national license from the State Bank of Pakistan, allowing it to expand outside Sindh to the rest of the country. The national license permits the Bank to launch and manage financial […]
Karachi, Pakistan – June 5, 2025 — The National Bank of Pakistan (NBP) has reached a significant milestone, crossing Rs. 100 billion in total outstanding loans secured against gold. This achievement highlights the Bank’s rapidly growing Gold Loan portfolio, which caters to both the agriculture and consumer segments across the country. With over 173,000 active […]
Karachi, Pakistan – In a groundbreaking move to promote financial inclusion and expand digital accessibility, Samsung Pakistan has launched a Buy Now Pay Later – Cash Instalments service on its official eStore, samsung.com/pk, in partnership with Qist Bazaar. This initiative marks the first time in Pakistan that a cash-based instalment payment option is being offered […]
Karachi, Pakistan – Halan Microfinance Bank has secured a capital injection of Rs. 1.425 billion (approximately USD 5 million) following its acquisition by MNT Halan Pak B.V., a Netherlands-based company. The bank, formerly known as Advans Pakistan Microfinance Bank Limited, was officially rebranded to “Halan Microfinance Bank Limited” on September 16, 2024, after the acquisition […]