May 3, 2024
Headlines

April 2024

Standard Chartered Bank Pakistan Posts Rs. 11.23 Billion Profit (after tax) in 3 Months (Q1-2024) – Fintech News Pakistan

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Standard Chartered Bank Pakistan Limited Reports Impressive Q1 2024 Performance In a notable display of financial prowess, Standard Chartered Bank Pakistan Limited (SCBPL) has announced a substantial surge in its first-quarter profits for 2024. The bank reported a staggering 53 percent growth in profit before tax, reaching Rs. 24.7 billion. After-tax profits also experienced a…

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MCB Bank and Leatherback Join Hands to Facilitate Seamless Remittances in Pakistan and South Asia – Fintech News Pakistan

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Leatherback Partners with MCB Bank to Facilitate Seamless Remittances in Pakistan and South Asia In a bid to streamline cross-border financial transactions, Leatherback, a global banking service provider, has joined forces with MCB Bank, one of Pakistan’s largest commercial banks. This strategic partnership aims to enhance accessibility to business and lifestyle opportunities in Pakistan and…

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Digitt+ and U Microfinance Bank Collaborate in Strategic Bank-Fintech Partnership to Revolutionize Agricultural Financing – Fintech News Pakistan

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Title:U Microfinance Bank and Digitt+ Partner to Revolutionize Agricultural Financing in Pakistan Body:In a groundbreaking move, U Microfinance Bank and Digitt+, a leading agri-fintech firm, have joined forces in a monumental PKR 10 billion partnership, reshaping financial dynamics within Pakistan’s agricultural sector. This collaborative endeavor amalgamates Digitt+‘s cutting-edge, in-house payment infrastructure with U Bank’s extensive…

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Farmdar and Bank Alfalah Limited Forge Historic Partnership to Reshape Agricultural Lending in Pakistan – Fintech News Pakistan

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Farmdar and Bank Alfalah Limited Forge Historic Partnership to Reshape Agricultural Lending in Pakistan Lahore, April 29th, 2024 – Farmdar, a Pakistani leader in agri-data analytics, and Bank Alfalah Limited, one of Pakistan’s premier banking institutions, have officially entered into a groundbreaking partnership. At the core of this landmark collaboration lies Farmdar’s extensive repository of…

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BankIslami Pakistan Posts Rs. 3.2 Billion Profit (after tax) in 3 Months (Q1-2024) – Fintech News Pakistan

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BankIslami Reports Impressive Financial Performance in Q1 2024 In a testament to its financial resilience and strategic prowess, BankIslami has announced stellar financial results for the first quarter of 2024, with a remarkable surge in profit before tax. Despite facing challenging market conditions, the bank achieved a profit before tax of PKR 6.3 billion, marking…

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HBL Forges Strategic Alliance with Shaukat Khanum Hospital to Enhance Their Financial Operations – Fintech News Pakistan

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Lead:In a significant development, Habib Bank Limited (HBL) has inked a strategic partnership with Shaukat Khanum Hospital aimed at optimizing cash management and payroll processes. This collaboration underscores HBL’s unwavering commitment to pioneering solutions and fortifying critical healthcare infrastructure. Body:HBL, a leading financial institution renowned for its innovative approach, has entered into a strategic alliance…

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The Bank of Punjab Posts Rs. 3.51 Billion Profit in 3 Months (Q1-2024) – Fintech News Pakistan

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BANK OF PUNJAB’S FIRST QUARTER PERFORMANCE UNDERSCORES REMARKABLE GROWTH Lahore, April 26, 2024 – The Board of Directors of The Bank of Punjab convened on Friday to deliberate on the un-audited Financial Statements for the 1st quarter ending March 31, 2024. The session saw a thorough review of the Bank’s performance against its strategic business…

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Pakistan Considers Digital Currency Adoption, Says Aurangzeb at World Economic Forum – Fintech News Pakistan

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Pakistan Considers Introducing Digital Currency, Finance Minister Reveals at World Economic Forum During a session at the World Economic Forum (WEF), Finance Minister Muhammad Aurangzeb disclosed Pakistan’s contemplation of implementing digital currency within its borders. Aurangzeb highlighted the nation’s tentative steps toward potentially adopting digital currency, underscoring its significance on the global economic stage. Furthermore,…

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JS Bank Limited Posts Rs. 4.2 Billion Profit in 3 Months (Q1-2024) – Fintech News Pakistan

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According to a notice submitted to the Pakistan Stock Exchange (PSX) on Friday, JSBL reported a consolidated profit of Rs4.2 billion during the three months ended March 31, 2024, soaring from Rs883.27 million in the first quarter of the previous year. The surge in profit is attributed to a substantial rise in both interest and…

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Reliance Distribution Join Hands with JazzCash to Digitize Supply Chain Operations – Fintech News Pakistan

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Headline:“JazzCash Partners with Reliance Distribution to Revolutionize Supply Chain Operations” Body:In a groundbreaking collaboration poised to reshape supply chain dynamics, JazzCash has joined forces with Reliance Distribution; a Pepsi‘s distributor to introduce cutting-edge digital solutions. Unveiling the M2D (Merchant to Distributor) platform, this partnership marks a significant milestone in the journey towards a fully digitized…

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