In a move set to redefine cash management collections in Pakistan, HBL (Habib Bank Limited) and Naeem Electronics have announced a strategic partnership. This collaboration is geared towards leveraging HBL’s extensive digital channels, including Internet and Mobile Banking, as well as 1-bill API Integration, to revolutionize cash management collections. The initiative reflects a shared vision […]
Date: April 29, 2024 – Riyadh, KSA In a resounding triumph, Kistpay, a pioneering force in digital and financial inclusion solutions, has clinched the top honor at the platform Pitch Competition during the esteemed Islamic Development Bank (IsDB) Group Annual Meetings 2024. Representing Pakistan with distinction, Kistpay emerged as the champion amidst representatives from 57 […]
Breaking News: Zindigi Partners with Sindh Government and Mastercard to Revolutionize Transit System in Karachi In a groundbreaking move aimed at transforming urban mobility in Karachi, Zindigi, powered by JS Bank in collaboration with the Sindh Government and Mastercard, has launched Pakistan’s first open-loop transit solution. This innovative initiative redefines travel experiences for citizens and […]
HBL Announces Rs. 6 Billion Equity Investment in HBL Microfinance Bank Ltd Habib Bank Ltd (HBL) has recently disclosed its decision to inject up to Rs. 6 billion in equity into its subsidiary, HBL Microfinance Bank Ltd (HBL MfB), as confirmed in a notification to the Pakistan Stock Exchange (PSX) on Tuesday. Established in 2002, […]
Islamabad, Pakistan – May 2, 2024 In a landmark development aimed at fostering innovation and entrepreneurship in Pakistan, the National Science & Technology Park (NSTP) at the National University of Sciences and Technology (NUST) has forged a strategic collaboration with U Microfinance Bank (U Bank). This partnership aims to leverage NSTP’s flagship programmes, including the […]
Soneri Bank Limited (PSX: SNBL) Reports 18.2% YoY Rise in Quarterly Profit Soneri Bank Limited (SNBL) has released its financial statement for the quarter ending March 31, 2024, indicating a notable upturn in profits. The bank disclosed a profit of Rs1.76 billion, reflecting an impressive 18.2% Year-over-Year (YoY) increase compared to the same period last […]
Breaking News: Askari Bank Limited (PSX: AKBL) Reports Decline in 1QCY24 Earnings Askari Bank Limited (PSX: AKBL) has announced its financial results for the first quarter of 2024 (1QCY24) today, revealing a notable decrease in profitability compared to the same period last year. The bank’s Profit After Tax (PAT) for 1QCY24 stands at Rs. 3.7 […]
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 lending proficiency, marking the dawn of a new era for tailored financial […]
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 […]
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 […]