Islamabad: The Securities and Exchange Commission of Pakistan (SECP) and the State Bank of Pakistan (SBP) are jointly working on a significant initiative aimed at streamlining corporate banking operations through the Same-Day Account Opening plan. According to details, this initiative will enable companies to establish banking relationships swiftly, reducing delays in accessing essential financial services […]
KARACHI: MCB Bank Limited, one of Pakistan’s largest commercial banks, has reported a profit-after-tax (PAT) of Rs63.47 billion for 2024, reflecting a 3% decline compared to Rs65.27 billion recorded in 2023. In its consolidated statement released to the Pakistan Stock Exchange (PSX) on Thursday, the bank reported earnings per share (EPS) of Rs53.35 for the […]
Karachi, Pakistan — easypaisa Digital Bank, Pakistan’s leading digital banking platform, has announced a strategic partnership with Jubilee Life Insurance Company Ltd. to integrate a range of Takaful plans, including health and life insurance, directly within the easypaisa app. This collaboration aims to empower customers with convenient access to best-in-class Shariah-compliant protection, supporting a more […]
Islamabad: JazzCash has joined hands with FAST National University of Computer and Emerging Sciences (FAST-NUCES) to introduce an elective course titled Fintech Ecosystems for students of the FAST School of Management. The 16-week course will be conducted by JazzCash’s future leadership team and aims to provide students with hands-on insights from fintech professionals. Designed to […]
Karachi, Pakistan – Allied Bank Limited (PSX: ABL) has reported a profit-after-tax (PAT) of Rs. 44.4 billion for the calendar year 2024, marking a 7 percent year-on-year (YoY) increase. The bank has declared a final dividend of Rs. 4 per share (40 percent), in addition to the interim dividend(s) already paid at Rs. 12 per […]
AdalFi, in partnership with The Bank of Punjab (BOP), is revolutionizing digital lending at scale, leveraging AI-driven solutions to enhance financial accessibility for individuals and SMEs. BOP has been at the forefront of digital transformation, integrating cutting-edge technology to offer seamless and instant financial solutions. Through its collaboration with AdalFi, the bank has introduced a […]
Lahore, Pakistan – In a groundbreaking move towards sustainable mobility, foodpanda, Pakistan’s leading food and grocery delivery platform, has officially introduced electric bikes (EVs) as part of its delivery fleet. This initiative, launched in collaboration with the Government of Punjab and Wasl, a non-banking finance company (NBFC), aims to reduce carbon emissions and promote eco-friendly […]
Karachi – Egyptian fintech Halan Microfinance Bank has officially entered the Pakistani market by acquiring Advance Microfinance Bank. The company aims to invest $10 million while building a $500 million loan portfolio over the next five years. Halan is set to launch a digital banking app this year and plans to expand its physical presence […]
KARACHI: February, 2025 – United Bank Limited (UBL) has made history by becoming the first Pakistani bank to exceed Rs500 billion in market capitalization, following an impressive 125.32% surge in its stock value over the past year. On Friday, UBL’s stock closed at Rs410.21 on the Pakistan Stock Exchange (PSX), marking a 4.74% increase. The […]
KARACHI – September 24, 2024: Faysal Bank Limited (FBL), one of Pakistan’s leading Islamic banks, has signed a strategic Memorandum of Understanding (MoU) with Pakistan State Oil (PSO) to enhance digital payment acceptance at PSO fuel stations across the country. The collaboration aims to advance Pakistan’s digital financial ecosystem by deploying innovative payment solutions, ensuring […]