KARACHI: Jubilee Life Insurance has partnered with National Bank of Pakistan (NBP) to launch two financial protection plans: Jubilee Sehat Shifa Takaful (Shariah-compliant) and Jubilee Aitebaar Plan (Conventional). The initiative aims to expand access to quality healthcare and financial security across Pakistan. The signing ceremony was with key representatives from both organizations, including Faisal Ahmed […]
KARACHI: Dubai Islamic Bank Pakistan Limited (DIBPL) has joined hands with JazzCash to facilitate and grow inland home remittance transactions to Pakistan through innovative, easy and seamless digital financial solutions. A Memorandum of Understanding (MoU) was signed at Dubai Islamic Bank’s Head Office in the presence of senior management from both organisations. This strategic collaboration […]
A total of five listed companies have a market cap ranging from $2.05 billion to $3.46 billion as of July 7, 2025. The Pakistan Stock Exchange (PSX) has hit record highs in recent weeks with its benchmark KSE-100 Index sitting pretty at over 130,000. It hit an all-time high of 131,949.07 on Friday, with analysts attributing […]
Source: Business Recorder The State Bank of Pakistan (SBP) officially joined the global initiative of Women Entrepreneurs Finance Code (WE Finance Code) in collaboration with the Asian Development Bank (ADB) and under the leadership of the World Bank on Monday. The ADB has partnered the initiative with a substantial $500 million financing programme to the […]
Codebase Technologies enabling next-gen digital banking transformation in Pakistan with its Digibanc™ platform and expert advisory. Islamabad, Pakistan – July, 2025 – Pakistan’s financial services sector is undergoing a quiet revolution. With over 60% of the population under the age of 30 and smartphone penetration exceeding 50%, the country is on the brink of a […]
Faysal Bank, one of the country’s leading Islamic Banks, has launched Pakistan’s first Inclusive Communication Guide, developed in collaboration with the Centre of Excellence in Responsible Business (CERB), under the aegis of the Pakistan Business Council. This guide is a pioneering resource aimed at embedding respectful, inclusive, and sensitive language into workplace culture, setting a […]
Karachi: United Bank Limited (PSX: UBL) has emerged as the second most valuable listed company on the Pakistan Stock Exchange (PSX), marking a significant milestone for the country’s banking sector. The development was highlighted by Topline Securities CEO Mohammed Sohail in a post on X (formerly Twitter), noting that UBL’s market capitalization has soared from […]
KARACHI: In a decisive move to strengthen its financial foundation and position itself for accelerated growth, Bank Makramah Limited (BML) has announced significant capital injections alongside a major strategic asset sale. According to BML announcement, it is making significant strides in its recapitalization efforts, reinforcing its commitment to long-term financial stability and growth. This progress […]
Islamabad: In a bid to promote cashless transactions and enhance transparency in the economy, the State Bank of Pakistan (SBP) is formulating a comprehensive strategy to simplify digital payment methods for traders, according to a statement released by the Prime Minister’s Office (PMO) on Thursday. The development was shared during a weekly meeting on cashless […]
PESHAWAR: In an era when public sector institutions frequently draw criticism for inefficiency and bureaucratic inertia, the Bank of Khyber (BoK) has emerged as a standout example of transformation, professionalism, and integrity. The provincially owned bank has shattered market expectations by hitting a three-year high share price of Rs. 19.83 — marking an impressive 57.76% […]