Blockchain Technology Backed Home Remittances from Malaysia to Pakistan Made Possible to Promote Financial Inclusion

KARACHI –Telenor Microfinance Bank, in partnership with Valyou of Malaysia, has introduced Pakistan’s first blockchain-based cross-border remittance service, powered by industry-leading blockchain technology developed by Alipay, the online payment platform operated by Ant Financial Services Group (“Ant Financial”). The blockchain remittance service is provided by Telenor’s Easypaisa and Valyou, a financial technology company that provides […]

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NBP start Biometric verification of Account holders

KARACHI – National Bank of Pakistan(NBP) has started doing the biometric verification for all its users (Personal Accounts as well as authorized signatories of Corporate/Commercial entities), under the directives of State Bank of Pakistan(SBP). NBP assures you of its continued support to maintain and enhance its relationships with clients (Corporate/Commercial/Consumers) by providing superior Service Quality. […]

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PTCL injects PKR 4 Billion in U Microfinance Bank for growth

PTCL injects PKR 4 Billion in U Microfinance Bank for growth

ISLAMABAD – Pakistan Telecommunication Company Limited (PTCL) has signed an agreement for PKR 4 Billion Unsecured Subordinated Debt Facility (Tier 2 capital) with U Microfinance Bank (U Bank), which is a wholly owned subsidiary of PTCL. This capital injection will enable the bank to further capitalize on the growth opportunities possible in Pakistan’s microfinance sector. […]

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NBP welcomes Bank Al Jazira team

KARACHI – The National Bank of Pakistan welcomed Mr. Sami Al Rajhi, Head of Home Remittance business at Bank Al Jazira (FAWRI), Saudi Arabia on December 24, 2018 during his visit to Pakistan. He was accompanied by Mr. Hassan Saleem, Manager MTO business at Bank Al Jazira (FAWRI). Mr. Sami Al Rajhi has over 30 […]

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JS Bank

JS Bank Tackles climate Change at the COP24

KARACHI –  JS Bank in its continued efforts to promote youth development and tackle climate change, sponsored two delegates to the Conference of the Parties (COP24) a meeting of the governing body on the United Nations Framework Convention on Climate Change (UNFCCC) to agree on rules to implement the 2015 Paris Agreement. The two individuals, Safee ul […]

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Governor SBP Launching Ceremony of AAOIFI Shariah Standards

Shaikh Ebrahim Bin Khalifa Al Khalifa, Chairman, Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI) Mufti Taqi Usmani, Chairman Shariah Board, AAOIFI Distinguished speakers, ladies and gentlemen Assalam-o-Alaikum and Good Morning! I feel honored to be here on this important occasion of launch of Urdu version of AAOIFI’s Shariah Standards. We are all aware […]

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Ground-breaking ceremony of NBP branch at PAC Kamra

ISLAMABAD – Air Marshal Ahmed Shahzad Chairman of Pakistan Aeronautical Complex (PAC) Kamra and President of National Bank of Pakistan Mr Tariq Jamali, inaugurated the Ground Breaking ceremony of PAF Kamra Branch of NBP on Tuesday. Acting President, National Bank of Pakistan Mr. Tariq Jamali, Ms. Sultana Naheed, Mr. Shaukat Mahmood, Karim Akram Khan, Khawar […]

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BankIslami partners with Jubilee Life to introduce Referral Model for Takaful Sale

KARACHI – BankIslami, one of the leading Islamic banks of Pakistan, recently signed the Referral Model agreement with Jubilee Life – Window Takaful Operations, the country’s leading life insurance and Takaful operator. The agreement was signed at a ceremony held at BankIslami head office to commemorate the partnership aimed at expanding Islamic banking in the market. […]

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Khushhali Microfinance Bank

IFC and Khushhali Microfinance Bank to Initiate Collaboration in Agri-digital Finance

KARACHI-  Khushhali Microfinance Bank and IFC, a member of the World Bank Group,  have agreed to enter into an advisory engagement to support the development of an agri-digital scorecard to accelerate financial inclusion and access to finance for low-income farmers in Pakistan. This collaboration embodies the commitment from both institutions to support small landholders that are […]

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BankIslami partners with Indus Motor Company

BankIslami partners with Indus Motor Company to offer customized financing solutions

KARACHI – BankIslami Pakistan Limited has signed a Memorandum of Understanding (MoU) with Indus Motor Company Limited (IMC) to offer customized financing packages to IMC customers of Toyota Fortuner, Revo, Camry, and Rush across the country. The Bank will offer these financing options through its flagship product ‘Islami Auto Finance’. Mr. Bilal Fiaz – Head of […]

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