(Web News) BankIslami Pakistan is charting new horizons as it contemplates venturing into the Gulf markets, targeting Saudi Arabia and the United Arab Emirates (UAE) for its overseas expansion, to become the first Islamic bank in the country operating on foreign shores, one of its top officials said. The bank was established in 2005 and…
The Government of Punjab, Transport Department, held a launch ceremony to introduce exciting initiatives aimed at revolutionizing Transportation Sector. The event, held at Faletti’s Hotel Lahore, showcased the GoPb’s commitment to promote sustainable and eco-friendly modes of transportation. This initiative featured the launch of an interest-free scheme in partnership with The Bank of Punjab (BOP),…
The National Bank of Pakistan (NBP) has embarked on a new initiative with the NBP Digital App to streamline and improve the digital customer experience for account holders, including both conventional and Aitemaad Islamic banking. This innovative feature in the NBP Digital app allows users to make donations effortlessly with just a single tap, anytime…
Faysal Bank announced on Wednesday a partnership with DataCheck and Qarar, a credit risk management company, to launch the industry’s first “Hosted Decision Engine” for consumer digital lending. The Hosted Decision Engine, licensed by Qarar, will enable Faysal Bank to use advanced credit-scoring techniques and automated decision-making to enhance process efficiency and customer experience in…
The Bank of Punjab (BOP) and Reenergia-Ipsos entered into an Agreement on 29th December 2023 for the development of a “Pakistan SME Environment & Performance Index (BOP-PAK-SEPI)”. The Index shall be the first of its kind, track the environment and the performance of SMEs in Pakistan on a periodical basis. SEPI will incorporate the existing…
Bank Alfalah Limited, one of the leading commercial banks in Pakistan, achieved two significant milestones with the launch of its 1000th branch and the surpassing PKR 2 trillion deposits, reflecting its enduring commitment to growth and further solidifying its position as a leading financial institution in the country’s banking sector. The launch of the 1000th …
As the year 2024 begins, JS Bank, one of the fastest-growing banks in Pakistan, reflects on its journey of progress and growth to provide the best-in-class services to its customers. In a year full of memorable highlights, the acquisition of BankIslami was a major milestone for JS Bank, reiterating its commitment to growth and evolution….
HABIBMETRO signed a partnership agreement with ACE Money Transfer to facilitate safe and legal remittance services for overseas Pakistanis, especially in the UK, Europe, Canada, and Australia. The partnership aims to contribute to the country’s economy by offering reliable and convenient means for sending remittances to Pakistanis residing abroad. On behalf of HABIBMETRO, Mr. Khurram…
Mobilink Bank stood out for its commitment to empowering Micro, Small, and Medium Enterprises (MSMEs), constituting a significant 36% of its total loan portfolio and a noteworthy MSME Growth (YoY) of 41% in 2023. The Bank strongly advocates for social mobility, especially in empowering MSMEs and women across remote rural regions, offering tailored financial products…
KARACHI: (Web News) The State Bank of Pakistan (SBP) has launched a customer complaint service portal and app — Sunwai — to facilitate banking customers in lodging their grievances against financial service providers. Sunwai would serve as a one-window operation for banking customers to register their complaints against banks, microfinance banks (MFBs), and development financial…