Karachi – The State Bank of Pakistan (SBP) has announced that it will launch its upgraded payment and settlement system, PRISM+, today, marking a major milestone in the country’s financial infrastructure. PRISM+ represents a significant leap forward in modernizing how money and government securities are moved and managed across Pakistan’s financial system. Built on the […]
Despite recent improvements in Pakistan’s macroeconomic indicators, the country continues to face deep-rooted structural challenges, with a persistently low domestic savings rate topping the list, cautioned State Bank of Pakistan (SBP) Governor Jameel Ahmad. Speaking at a seminar in Karachi on Monday, the central bank chief emphasized the urgent need to address this issue to […]
ISLAMABAD:JazzCash, Pakistan’s leading digital wallet, and EFU Life, one of the country’s premier life and health insurers, have partnered to launch a first-of-its-kind, end-to-end digital insurance journey set to reshape the way millions of Pakistanis access insurance. This strategic collaboration aims to simplify and digitize the entire insurance value chain from instant policy subscription to […]
All relevant ministries, departments, and regulatory bodies instructed to begin the process of enabling Raast QR codes ISLAMABAD: The Ministry of Finance has sought update on implementation of printing of Raast QR code in public utility companies which has been launched by the State Bank of Pakistan (SBP). In a letter addressed to the administrative […]
Askari Bank Limited has announced its decision to exercise the Call Option on its Rated, Subordinated, and Unsecured Term Finance Certificates (TFCs) worth Rs. 6 billion. The bank disclosed this material information to the Pakistan Stock Exchange (PSX). The Call Option will be exercised in full on September 17, 2025, as per Clause 3.12 of […]
KARACHI – Meezan Bank Limited (MEBL) has reported earnings of Rs. 24.5 billion (EPS: Rs. 13.65) for the second quarter of calendar year 2025 (2QCY25), reflecting a 9% year-on-year (YoY) decline. This took the bank’s half-year (1HCY25) profitability to Rs. 46.6 billion, down 10% YoY. Alongside the results, the bank announced a cash dividend of […]
Says government reforms praised by S&P and Fitch, with hopes Moody’s will follow suit. Finance Minister Muhammad Aurangzeb signalled potential easing of Pakistan’s policy rate later this year, noting slowing inflation and stable economic indicators, while addressing the 78th Independence Day of Pakistan and the Marka-e-Haque celebrations at the Rawalpindi Chamber of Commerce & Industry […]
Karachi, 12 August 2025: Ranked first on the Climate Risk Index 2025 despite contributing less than 0.9 percent to global greenhouse gas emissions, Pakistan is bearing disproportionate losses. In 2022 alone, climate-induced disasters inflicted over USD 30 billion in damages, with recovery needs exceeding USD 16.3 billion. Air pollution alone causes over 128,000 premature deaths annually, […]
ISLAMABAD: Pakistan’s agri-lending sector, HBL Microfinance Bank (HBL MfB) and the Pakistan Space and Upper Atmosphere Research Commission (SUPARCO), have signed a Memorandum of Understanding (MoU) to introduce satellite-based agricultural analytics into the lending ecosystem. Under this initiative, the two organisations will jointly execute a pilot project in Okara District, one of Punjab’s key agricultural […]
In a milestone for Pakistan’s capital market, the Central Depository Company (CDC) has successfully integrated the RAAST payment system into Muhammad Munir Ahmed Khanani Securities Limited, enabling real-time investor fund transfers. This breakthrough marks a step forward in building a more responsive, transparent, and digitally empowered capital market ecosystem. To commemorate this milestone, an agreement […]