State Bank of Pakistan (SBP) has issued the consolidated framework for customer onboarding and advised banks and regulated entities (REs) to provide Digital Payment Acceptance solutions to their customers engaged in instore and/or online business/trade activities. Key changes: Simplified and standardized account opening process across all banks. Reduced documentary requirements. banks must open accounts within […]
Engro Fertilizers, a major fertilizer company in Pakistan and Bank Alfalah Limited, Pakistan’s leading commercial bank, announced a strategic partnership aimed at empowering farmers across the country through enhanced lending facilities. This collaboration will extend financing of up to PKR 1 million to farmers registered through Engro Markaz outlets and UgAI -the first integrated agricultural […]
KARACHI: United Bank Limited (UBL), one of Pakistan’s leading financial institutions, has announced the expansion of its strategic partnership with Teradata. The collaboration includes an upgrade of UBL’s data environment, leveraging Teradata’s enterprise analytics and data platform for Trusted AI at scale, with the flexibility to deploy cloud infrastructure where applicable. This collaboration marks a […]
ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has issued an Investment Finance Services licence to Alif Finance (Private) Limited, authorizing it to operate as a Non-Banking Finance Company (NBFC) under the applicable regulatory framework. The swift and timely processing of the licence reflects SECP’s ongoing commitment to regulatory efficiency, responsiveness, and facilitation of […]
Karachi, Pakistan – July 25, 2025: BankIslami Pakistan Limited has announced that it has received a No Objection Certificate (NOC) from the State Bank of Pakistan (SBP) to establish a new exchange company under the name BIPL Exchange Company (Private) Limited. The development was disclosed in an official notice submitted by the bank to the […]
KARACHI – Faysal Bank Limited (FBL) has taken a groundbreaking step toward digital transformation in Islamic finance. In collaboration with fintech innovator Fauree, FBL has signed a MoU to develop and deploy a comprehensive Islamic Digital Supply Chain Finance (SCF) and Agri-Digitization ecosystem. The MoU was signed by Altaf Hussain Saqib, Head of Commercial Banking […]
Karachi – July 23, 2025: The State Bank of Pakistan (SBP) on Tuesday issued the advance calendar for the Monetary Policy Committee (MPC) meetings for the fiscal year 2025-26 (FY26), in a move aimed at enhancing transparency and predictability in monetary policy decisions. In an official statement, the central bank announced that, in line with […]
InfraZamin Pakistan, Sunridge Foods (Pvt.) Limited, and BankIslami marked a landmark moment at the Pakistan Stock Exchange (PSX) with a ceremonial gong strike to launch Pakistan’s first fully subscribed PKR 2 billion Agri-Infrastructure Sukuk. This Shariah-compliant Sukuk, is backed by a 100% principal credit guarantee from InfraZamin Pakistan and carries a long-term AAA rating, and […]
KARACHI: Euromoney Awards for Excellence 2025 has awarded HBL the accolade of ‘Pakistan’s Best Bank’. The Bank has also won ‘Pakistan’s Best Bank for Large Corporates’ and ‘Pakistan’s Best Investment Bank’. Euromoney is a global English-language publication focused on business and finance. These awards are the most prestigious recognition in the banking industry, globally. The […]
StockIntel, a premier analytics and trading platform by Capital Stake, today announced the launch of its innovative Off-Market Order Placement feature. This new capability is poised to significantly enhance how investors, especially the global Pakistani diaspora, engage with the Pakistan Stock Exchange (PSX). The Off-Market Order Placement feature allows users to submit trade orders even […]