Amir Khan, President & CEO of HBL Microfinance Bank LTD., has been elected as the new Chairman of the Pakistan Microfinance Network (PMN). Bringing with him over 32 years of diverse experience in consumer and commercial banking, Mr. Khan is set to lead PMN towards further growth and innovation in the microfinance sector. Since 2012, […]
KARACHI, September 16, 2024: Advans Pakistan Microfinance Bank Limited has officially re-branded as Halan Microfinance Bank Limited, effective from September 16, 2024. The announcement was made by the State Bank of Pakistan (SBP) in a press statement issued on Monday. The SBP informed customers of the name change and reassured that the bank continues to […]
Islamabad, Pakistan – In a groundbreaking move to advance financial inclusion and empowerment across Pakistan, Jazz, the nation’s leading digital operator, has partnered with Mobilink Microfinance Bank Limited (MMBL), the country’s foremost digital microfinance bank. This strategic collaboration represents a significant milestone in the digital transformation of Pakistan’s financial services landscape, with a strong focus […]
Karachi, August 22, 2024 — The Board of Directors of Telenor Microfinance Bank (TMB) has announced the Bank’s financial results for the half year ended June 30, 2024, revealing an extraordinary financial performance that underscores its leadership in Pakistan’s fintech sector. For the first half of 2024 (H1’24), TMB recorded a profit before tax of […]
Islamabad, August 20, 2024 – In a move set to significantly enhance agricultural financing across Pakistan, NRSP Microfinance Bank and Fauji Fertilizer Company Limited (FFC) have signed a Memorandum of Understanding (MOU). The agreement, formalized at FFC’s Head Office, underscores a strategic partnership aimed at providing innovative financial solutions tailored to the needs of farmers […]
In a landmark partnership, TASDEEQ and the Bank of Punjab (BOP) have signed a Memorandum of Understanding (MoU) to revolutionize financial services for farmers through BOP’s Kissan Card program. This strategic alliance aims to streamline credit assessment processes, facilitate loan approvals, and provide farmers with easy access to credit facilities, fostering growth and development in […]
In a significant move to enhance financial inclusion and drive economic growth in Pakistan, the Pakistan Microfinance Investment Company (PMIC) and the U.S. International Development Finance Corporation (DFC) have signed a Loan Portfolio Guaranty Agreement. This strategic partnership will provide a loan portfolio guaranty of up to $15 million. The initiative aims to empower women […]
Karachi, July 15, 2024 – Microfinance Banks (MFBs) in Pakistan continue to expand their outreach to the low-income segment of the population despite challenging macroeconomic conditions, according to the State Bank of Pakistan (SBP). The SBP’s Financial Stability Review-2023 highlights that MFBs serve more account holders and borrowers than conventional banks, despite their limited size. […]
Islamabad, July 8, 2024 — The Mastercard Strive Women program in Pakistan is pleased to announce a new partnership with the Bank of Punjab (BOP), aiming to enhance formal financial access for women-led micro and small entrepreneurs across the country. Supported by the Mastercard Center for Inclusive Growth and implemented by CARE, Strive Women strengthens […]
NRSP Bank is proud to announce that it has reached the significant milestone of PKR 50 billion in deposits. This achievement is a testament to the trust and support of our valued customers, as well as the dedication and hard work of the entire NRSP Bank team. Founded with the mission to provide accessible and […]