Karachi, Pakistan – LOLC Microfinance Bank (LOLC MFB) is excited to unveil an industry-first financial product in Pakistan—the Gold Loan with 0% Markup. This innovative offering is aimed at expanding financial access for individuals and businesses, especially those previously hesitant to engage with microfinance banks. “While other microfinance banks are exploring gold loans, we wanted […]
Islamabad: Mobilink Bank has reaffirmed its commitment to gender equality and financial inclusion by securing an impressive score of 82.7 on the State Bank of Pakistan’s Women Friendliness Grid. This achievement marks a significant improvement from last year’s score of 71.79, underscoring the Bank’s dedication to fostering a supportive environment for women borrowers and entrepreneurs, […]
In a groundbreaking move to promote financial inclusion and boost support for smallholder farmers, Fatima Fertilizer Company Limited and Zarai Taraqiati Bank Limited (ZTBL) have entered into a strategic partnership. This collaboration, the first of its kind in the agricultural sector, aims to integrate farmers into the formal financial system while providing them with crucial […]
October 3, 204 – Pakistan Microfinance Investment Company (PMIC) has announced the launch of its new Shariah-compliant suite of financing products, expanding its offerings beyond conventional microfinance wholesale financing. This initiative includes key Islamic finance instruments such as Mudarabah and Musharakah, which will now be available to all of PMIC’s borrowing institutions. These products are […]
Karachi – September 20, 2024: TPL Corp Limited (TPL), a leading Pakistani financial platform, and Abhi (Private) Limited (Abhi) have signed a Share Purchase Agreement (SPA) with FINCA Microfinance Coöperatief U.A. to jointly acquire FINCA Microfinance Bank Limited. The development marks a significant milestone in Pakistan’s financial sector, with the announcement shared via a notice […]
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 […]