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% […]
Karachi, Pakistan — Bank Alfalah Limited continues to strengthen its digital banking footprint with the successful deployment of TouchPoint’s CADEPO (Cash & Cheque Deposit Solution) across its nationwide network. In just nine months, Bank Alfalah has installed 221 Cash Deposit Machines (CDMs) under the CADEPO initiative, enabling secure, efficient, and consistent cash deposit operations for […]
KARACHI: VIS Credit Rating Company Limited (VIS) has upgraded entity ratings of Faysal Bank Limited (‘FABL’ or the ‘Bank’) to ‘AA+/A1+’ (Double APlus/A One Plus) from ‘AA/A1+’ (Double A/A One Plus). Medium to long-term rating of ‘AA+’ indicates high credit quality; protection factors are strong. Risk is modest but may vary slightly from time to […]
The Bank of Punjab (BOP), one of Pakistan’s fastest-growing and digitally forward commercial banks, has entered into a strategic alliance with Surfin Meta Digital Technologies Pte Ltd, a Singapore-based global leader in embedded finance, AI-driven credit scoring, and merchant payment systems. The MoU outlines a framework to evaluate and potentially implement advanced digital banking solutions […]
Karachi – July 1, 2025: Bank customers across Pakistan are now facing higher fees when withdrawing cash from ATMs that do not belong to their own bank. Starting this month, the per-transaction fee for cash withdrawals at non-host ATMs has increased from Rs. 23.44 to Rs. 35.00—a jump of nearly 50 percent. Several commercial banks, […]
82% of consumers trust digital payments despite potential scams; 69% expect to use them more in the next 12 months 93% respondents worry their family, or friends might fall for a scam Karachi, Pakistan, June 30, 2025: A new study commissioned by Visa reveals a rise in consumer awareness and proactive security measures for digital payments across […]
Lahore, Pakistan, June 30, 2025: StockIntel, a leading analytics and trading platform by Capital Stake, today announced a groundbreaking integration that will transform how investors manage and analyze their investments in the Pakistan Stock Exchange (PSX). For the first time in Pakistan, StockIntel is launching StockIntel ProConnect, a revolutionary feature offering direct brokerage account integration with […]
Bolormaa Amgaabazar is the new World Bank Country Director for Pakistan effective July 1. She is succeeding Najy Benhassine in this role, the lender said in a press release on Monday. “I am delighted to be appointed the World Bank’s new Country Director for Pakistan,” said Amgaabazar. “The World Bank and Pakistan have a long-standing […]
Meezan Bank Limited (PSX: MEBL) has hit a market capitalization of $2 billion at the Pakistan Stock Exchange (PSX). The milestone achieved by the bank was highlighted by Topline Securities CEO Mohammed Sohail in a post on LinkedIn. A proud moment for Pakistan’s Islamic banking sector as Meezan Bank hits a market capitalization of $2 […]