Islamabad – Zarai Taraqiati Bank Limited (ZTBL) has announced a strategic partnership with Wateen to establish a state-of-the-art Security Operations Centre (SOC). This initiative aims to safeguard ZTBL’s critical digital infrastructure and enhance the security of data belonging to over half a million customers. The agreement was signed on Friday by Tahir Yaqoob Bhatti, President […]
London, UK — November 28, 2024 Dr. Muhammad Amjad Saqib, the visionary founder of Akhuwat and a renowned Pakistani social entrepreneur, has been awarded the prestigious Brain of the Year Award 2025 by The Brain Trust. The announcement was made during an exclusive ceremony held at the British House of Commons, where Raymond Keene OBE, […]
The State Bank of Pakistan (SBP) has issued a directive requiring banks and financial institutions to integrate the RAAST payment system into e-commerce platforms and online shopping stores by March 31, 2025. The initiative aims to accelerate the digitization of merchant and business transactions across Pakistan. According to the SBP circular, banks must ensure that […]
Karachi, Pakistan – November 29, 2024 United Bank Limited (UBL), one of Pakistan’s leading financial institutions, has entered into a strategic partnership with KTrade Securities to make stock investing more accessible and seamless for its customers. This collaboration marks a significant step towards financial empowerment and fostering investment opportunities in the country. The partnership was […]
Karachi: Bank Makramah Limited (BML) has taken a significant step toward fortifying its financial foundation with the Board of Directors approving a comprehensive restructuring scheme. The transformative initiative reflects the sponsors’ firm commitment to the Bank’s long-term growth and sustainability. A key element of the restructuring involves the amalgamation of Global Haly Development Limited (GHDL) […]
MCB Islamic Bank Ltd. has been honored with the prestigious title of “Best Emerging Islamic Retail Bank in Pakistan 2024” at the Islamic Retail Banking Awards (IRBA) held in Dubai, UAE. This esteemed recognition underscores the bank’s unwavering commitment to advancing Islamic banking principles and delivering exceptional, customer-centric services. As Pakistan’s only fully Islamic banking […]
United Bank Limited (PSX: UBL) has claimed the title of Pakistan’s most valuable bank, surpassing Meezan Bank Limited (PSX: MEBL) in market capitalization. Mohammed Sohail, CEO of Topline Securities, shared the milestone in a recent LinkedIn post, revealing that UBL’s market capitalization has surged to Rs. 426 billion ($1.5 billion). This achievement places UBL as […]
Islamabad: The Securities and Exchange Commission of Pakistan (SECP) has announced that individual investors can now directly participate in and invest in Government Debt Securities (GDS), including Sukuk. This significant development was conveyed to Finance Minister Muhammad Aurangzeb during his visit to SECP Headquarters. Broadening Access to Government Securities SECP officials briefed the minister on […]
KARACHI: Samar Hasnain, Executive Director of the State Bank of Pakistan (SBP), underscored the transformative potential of Islamic economics and finance as a comprehensive framework for ethical, sustainable, and socially responsible economic development. He was speaking at the 13th Islamic Banking & Finance Conference, organized by The Professionals Network, with the theme “From Practice to […]
Meezan Bank, Pakistan’s leading and first Islamic banking institution, has partnered with Systems Limited and Temenos to modernize its Core Banking Platform. This significant upgrade to the latest Temenos release was formalized at the “Bank of the Future Forum 2024,” a flagship event attended by prominent leaders, including Irfan Siddiqui, Founding President & CEO of Meezan Bank; Syed […]