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Banks
Govt Proposes Amendments to SBP Act, Opening Door for Digital Currencies
ISLAMABAD, November 4, 2024: The federal government has proposed amendments to the State Bank of Pakistan (SBP) Act that would allow dual nationals to serve as governors and deputy governors of the central bank.
In a significant shift,…
Faysal Bank Joins Zaman Foundation for Tharparker Water Initiative
Islamabad: With a solar-powered Reverse Osmosis (R.O.) water filtration system, Faysal Bank Limited (FBL), one of Pakistan's top Islamic banks, is honored to partner with the Zaman Foundation to provide the residents of Ramiyo Gajju with…
Bank Alfalah Launches Alfa App with Pakistan’s First Digital Kiosk
Islamabad: One of Pakistan's top commercial banks, Bank Alfalah, announced the release of Alfa, a new mobile banking app. The goal of New Alfa is to encourage financial inclusion in Pakistan by means of digitization.
Alfa is a popular…
SBP Governor Highlights Economic Recovery, Targets $13 Billion in Reserves
KARACHI, October 27, 2024 — State Bank of Pakistan (SBP) Governor Jameel Ahmad provided an optimistic outlook on Pakistan's economy, highlighting significant improvements in key economic indicators during recent meetings with international…
VISA and Pakistani Government Collaborate to Enhance Financial Inclusion
WASHINGTON, October 26,2024: Federal Minister for Finance and Revenue, Mr. Muhammad Aurangzeb, met with Mr. Andrew Torre, Regional President for VISA, to discuss advancements in Pakistan’s payments ecosystem.
The Minister commended VISA…
Mashreq Bank’s New Initiatives in Pakistan to Expand Business
Islamabad: Mashreq Bank is one of the top banks in the MENA area. It is growing its business in Pakistan and will open a new office soon.
On Thursday, in a meeting with Mashreq Bank's leadership, Finance Minister Muhammad Aurangzeb…
Pakistan’s Primary Balance Posts Surplus After 17 Years
ISLAMABAD: The State Bank of Pakistan (SBP) released its Annual Report on the State of Pakistan’s Economy for fiscal year 2023-24, noting improvements in macroeconomic conditions driven by stabilization policies, successful IMF engagement,…
SBP to Honor Women Entrepreneurs on November 19, 2024
KARACHI, October 16, 2024: The State Bank of Pakistan (SBP) is gearing up to celebrate Women Entrepreneurship Day (WED) on November 19, 2024.
This event highlights Pakistan's commitment to recognizing the vital contributions of women in…
Telenor Microfinance Bank wins “Best Microfinance Bank” and “Gender Diversity at…
Islamabad - September 16, 2024: Telenor Microfinance Bank (TMB), operator of Pakistan’s leading digital financial services platform, easypaisa, is proud to announce its double recognition at the renowned 21st Annual Excellence Awards by CFA…
Faysal Bank and Mastercard renew partnership for Faysal Islami Noor Card
Islamabad, September 13, 2024: Faysal Bank Limited (FBL), one of Pakistan's leading Islamic banks, is pleased to announce the renewal of its strategic partnership with Mastercard.
The renewal and expansion of this strategic partnership…
