UBL Gets Board Approval to Merge With Silkbank

UBL Gets Board Approval to Merge With Silkbank

The Board of Directors of United Bank Limited (UBL) [PSX: UBL], in its 252nd meeting held on Monday, approved the amalgamation of Silkbank Limited (SBL) with and into UBL through a share swap arrangement. The merger, undertaken in accordance with Section 48 of the Banking Companies Ordinance, 1962, aims to streamline operations and enhance value…

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Innovation in Banking drives Economic Growth

Innovation in Banking drives Economic Growth: SBP Governor

KARACHI – Jameel Ahmad, Governor of the State Bank of Pakistan (SBP), emphasized the critical role of innovation in driving Pakistan’s economic growth, during his keynote address at the 13th Bank of the Future Forum (BoFF), organized by Systems Limited and Temenos. Addressing an audience of industry leaders, Ahmad underscored that rapid technological advancements have…

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UBL Partners with TPL Maps

UBL Partners with TPL Maps to Drive Innovation in Digital Banking

Karachi, Pakistan – TPL Maps, Pakistan’s leading location-based services provider, has announced a strategic partnership with United Bank Limited (UBL), one of the country’s largest financial institutions, to drive innovation and optimize digital banking operations. This collaboration marks a significant step in both organizations’ efforts to empower businesses with cutting-edge technology and accelerate Pakistan’s digital…

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U Microfinance Bank and Golootlo Forge Strategic Alliance

U Microfinance Bank and Golootlo Forge Strategic Alliance to Offer Exclusive Discounts to UnionPay Debit Cardholders

U Microfinance Bank and Golootlo have entered into a significant partnership agreement aimed at providing exclusive discounts to U Microfinance Bank’s UnionPay debit cardholders. The agreement, signed on April 22, 2024, marks a pivotal step in enhancing customer benefits through leveraging Golootlo’s extensive network of over 30,000 merchants nationwide. The signing ceremony, held in Islamabad,…

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Zaraee Partners with Bank Alfalah to Boost Agricultural Financing

Zaraee Partners with Bank Alfalah to Boost Agricultural Financing

In a significant stride towards bolstering agricultural financing, Zaraee has announced a strategic collaboration with Bank Alfalah. The partnership aims to revolutionize access to loan facilities for farmers and agribusinesses through Zaraee‘s online platform, www.zaraee.pk. The Memorandum of Understanding (MOU) signing between Zaraee and Bank Alfalah signifies the formalization of their alliance, which is geared…

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JS Bank Crosses Half a Trillion Deposits Mark

JS Bank Crosses Half a Trillion Deposits Mark

In a remarkable feat, JS Bank, one of Pakistan’s rapidly expanding financial institutions, has announced its surpassing of Rs500 billion in deposits, marking a significant milestone for the bank. This achievement comes on the heels of a strong performance in 2023, where the bank reported a substantial Profit Before Tax of Rs8.5 billion, showcasing a…

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JS Bank Surpasses Rs. 500 Billion in Deposits, Achieves Significant Milestone

JS Bank Surpasses Rs. 500 Billion in Deposits, Achieves Significant Milestone

In a remarkable feat, JS Bank, one of Pakistan’s rapidly expanding financial institutions, has announced its surpassing of Rs500 billion in deposits, marking a significant milestone for the bank. This achievement comes on the heels of a strong performance in 2023, where the bank reported a substantial Profit Before Tax of Rs8.5 billion, showcasing a…

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Bank Alfalah and Indus Hospital Partner to Establish a Primary Healthcare Facility

Bank Alfalah and Indus Hospital Partner to Establish a Primary Healthcare Facility in Flood-Hit Sindh

Bank Alfalah, a prominent commercial bank in Pakistan, has inked a Memorandum of Understanding (MoU) with Indus Hospital & Health Network (IHHN) to extend humanitarian support by establishing a Primary Care Health Facility in the flood-stricken District Thatta, at Makli. Under the leadership of His Excellency Sheikh Nahayan bin Mubarak Al Nahayan, Chairman of Bank…

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MCB Bank and Euronet Pakistan Forge Strategic Partnership

MCB Bank and Euronet Pakistan Forge Strategic Partnership to Augment Future Customer Experience

In a significant move aimed at advancing digital banking solutions in Pakistan, MCB Bank has entered into a strategic partnership with Euronet Pakistan, a division of Euronet Worldwide renowned for its expertise in processing secure electronic financial transactions. The signing ceremony, presided over by MCB Bank President & CEO, Mr. Shoaib Mumtaz, and attended by…

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Bank Alfalah Emerges as Primary Service Provider

Bank Alfalah Emerges as Primary Service Provider, Enriching Lives of Over 47% of BISP Beneficiaries

In a groundbreaking move towards social empowerment, Bank Alfalah, one of Pakistan’s leading commercial banks, has announced the expansion of its collaboration with the Benazir Income Support Programme (BISP). This initiative is set to facilitate digital social cash transfers for 4.4 million women beneficiaries across Pakistan over the next three years. Driven by a steadfast…

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