Standard Chartered Bank (Pakistan) Limited has appointed Adil Salahuddin as its new Chief Executive Officer (CEO) and Director, succeeding Rehan Shaikh, according to a notification submitted to the Pakistan Stock Exchange (PSX) on Monday. The appointment was approved by the Bank’s Board of Directors and will become effective upon obtaining the necessary regulatory approvals and […]
Senior leadership of Mastercard and The Bank of Punjab (BOP) met in Karachi to reaffirm and expand their strategic alliance aimed at supporting Pakistan’s transition towards a cashless, digitally connected and financially inclusive economy. Ms. Ailish Campbell, Executive Vice President – Public Sector, headed the Mastercard delegation, which also comprised Mr. Arslan Khan, Country Manager […]
Karachi, Pakistan: Meezan Bank has surpassed Rs2 billion in disbursements under the Government of Pakistan’s flagship affordable housing initiative, Wazir-e-Azam Apna Ghar Programme – Ghar Ho Tu Apna (GHTA), marking a significant milestone in its support for expanding access to home ownership. The Bank also recorded its highest-ever monthly housing finance disbursement of Rs1.3 billion, […]
National Bank of Pakistan (NBP), in collaboration with 1LINK, hosted a Bank Activation Session at its Head Office in Karachi, bringing together senior leadership and Karachi Region Teams to advance the understanding of digital payments agenda. The session delivered in-depth knowledge on NBP Debit Cards, covering their full suite of features, benefits, and usage, with […]
Bank Alfalah secures USD 50 million from BII to fund climate mitigation and adaptation projects across Pakistan. BII will also provide technical assistance to help identify and deploy financing toward high-impact climate projects. Pakistan is highly vulnerable to climate change, making private sector capital in resilience and sustainability critical. London, Karachi, July 10, 2026: Bank Alfalah […]
Karachi, Pakistan – 7 July, 2026 — A consortium of banks, managed by The Bank of Punjab, together with InfraZamin Pakistan Limited, today announced the successful financial close of a PKR 4.76 billion 10-year Islamic Syndicated Term Finance Facility for Air Link Communication Limited and Select Technologies Limited. The financing consortium comprises Askari Bank Limited, […]
Tasdeeq, a credit information and analytics company regulated by the State Bank of Pakistan (SBP), is set to launch an initial public offering (IPO) on the Pakistan Stock Exchange (PSX), becoming the first credit bureau in South Asia to be publicly listed. Topline Securities, the adviser and consultant to the offering, described the IPO as […]
KARACHI: BankIslami has signed a strategic partnership with Resecurity, a leading US-based cybersecurity and intelligence company, to strengthen digital security as part of its commitment to deliver a safe and Shariah-compliant banking experience for its customers. Resecurity’s Digital Risk Monitoring (DRM) and Cyber Threat Intelligence (CTI) services will provide BankIslami with real-time visibility into external […]
Dubai, New York and Islamabad, June 16 2026 — VEON Ltd (Nasdaq: VEON), a global digital operator, today announced that its digital financial services companies JazzCash and Mobilink Bank have democratized investment opportunities in Pakistan by introducing Government Treasury Bills directly through the JazzCash app, starting from as little as PKR 5,000 (approx. USD 18). The […]
The State Bank of Pakistan (SBP) has relaxed the process for converting conventional bank branches into Islamic banking branches by shortening the mandatory public notification period and reducing the interval between notices issued to current account holders. According to revised criteria issued by the central bank, the changes have taken immediate effect and are aimed […]