HBL Microfinance Bank (HBL MfB), in partnership with the Pakistan Space & Upper Atmosphere Research Commission (SUPARCO), has initiated the first loan disbursements under Pakistan’s maiden climate-smart agri-finance program powered by satellite data intelligence. The milestone marks a significant step in the country’s move toward sustainable and technology-enabled agriculture. The pilot program—previously announced as a […]
Allied Bank Limited, one of Pakistan’s leading financial institutions, recently concluded a series of awareness activities to highlight the benefits of its Warehouse Facility, a groundbreaking solution to help agricultural enterprises overcome challenges in accessing conventional financing. Allied Warehouse Facility enables millers, traders,farmersor agricultural enterprises to support working capital needs by offering their stock as security […]
United Bank Limited (UBL) has extended a Rs. 25 billion bilateral financing facility to Telenor Pakistan, marking the telecom operator’s first locally secured borrowing since it began operations in the country. The financing agreement was formalized at Telenor Pakistan’s headquarters in Islamabad, where the documents were signed by the company’s Chief Financial Officer, Andreas Högberg, […]
KARACHI: The Bank of Punjab (BOP) reported sustained gains in profitability, margins, and balance sheet strength at its Analyst briefing held on Friday for institutional investors & research analysts, underscoring the continued progress of its multi-year turnaround. The session was led by President & CEO Zafar Masud, accompanied by Chief Financial Officer Nadeem Amir and […]
Karachi: Faysal Bank Limited (FBL) has won the award for Pakistan’s Best Bank (mid-sized) at the 10th Pakistan Banking Awards, reaffirming its leadership in Islamic banking and its commitment to innovation, excellence, and customer-centric growth. As one of Pakistan’s leading Islamic Bank, with an expanding network of nearly 900 branches nationwide, Faysal Bank’s recognition as […]
Karachi, 12th November: Meezan Bank, Pakistan’s leading Islamic bank, has been declared the winner of the ‘Best Bank of the Year – Large Size Banks’ award by the CFA Society Pakistan, a member society of the CFA Institute, USA, at its 22nd Annual Excellence Awards held recently in Karachi. This marks the sixth consecutive year that […]
KARACHI: The Board of Directors of Sindh Bank, in its meeting held on October 29, 2025, approved the bank’s financial statements for the nine months ended September 30, 2025, marking a period of exceptional performance across key business segments. The bank reported an impressive 213 percent growth in operating profit compared to the same period […]
Karachi, Pakistan – The State Bank of Pakistan (SBP) has issued new directives requiring commercial banks, microfinance banks, and Development Finance Institutions (DFIs) to introduce end-to-end digital onboarding for Small and Medium Enterprises (SMEs) under updated prudential regulations. The revised framework allows financial institutions to leverage advanced technology-based solutions — including GPS, geo-tagging, and video […]
In a move aimed at strengthening institutional coordination between banks and their wholly-owned subsidiaries, the State Bank of Pakistan (SBP) has amended its Corporate Governance Regulatory Framework to allow board members of banks to also serve as directors on the boards of their associated exchange companies. According to a circular issued by the central bank, […]
Islamabad, November 9, 2025 — Federal Minister for IT and Telecommunication, Shaza Fatima Khawaja, announced on Saturday that Google has completed its registration in Pakistan and will soon be establishing a local office, marking a major milestone in the country’s growing technology sector. Speaking at a press conference, the minister revealed that manufacturing of Google […]