JazzCash Dominates RAAST IDs in Pakistan, Holding Half of All Accounts
JazzCash solidifies its position as a leader in Pakistan’s digital financial ecosystem. According to the central bank’s Payment Systems Review,…
World Bank: Pakistan Wheat Imports Set to Rise Despite Production Increase
The World Bank’s latest “Food Security Update” predicts rising wheat imports for key importers, including Pakistan. This is partly due…
TPL REIT Fund I IPO Launches on PSX
Public subscription for the initial public offering (IPO) of TPL REIT Fund I has officially begun, marking a significant step…
JS Bank Q1 Profit Soars: 144% Growth in Pre-tax Profits
JS Bank, a fast-rising Pakistani bank, reported robust financial performance for Q1 2024. Key metrics showcased impressive growth, solidifying their…
U Bank and NUST Join Forces to Boost Innovation and Entrepreneurship in Pakistan
Pakistan’s National Science & Technology Park (NSTP) at NUST and U Microfinance Bank (U Bank) have signed a Memorandum of…
MCB Islamic Bank Partners with Techlogix to Revolutionize Digital Banking with Oracle Platform
MCB Islamic Bank has partnered with Techlogix Pakistan to implement the Oracle Banking Digital Experience (OBDX) Platform, marking a major…
Pakistan Govt. Borrowing Soars Past Rs. 5.7 Trillion in 10 Months
Pakistan’s federal government has significantly ramped up borrowing from banks, exceeding Rs. 5.7 trillion in the first 10 months of…
Twelve Face Bank Fraud Charges in Canada, Forged Documents Allegedly Used
Canadian authorities have charged twelve individuals, including several of Pakistani descent, with bank fraud involving forged documents. The accused, identified…
HBL Injects Rs. 6 Billion Equity into Microfinance Subsidiary, HBL MfB
Habib Bank Limited (HBL) announced a significant investment in its subsidiary, HBL Microfinance Bank Ltd (HBL MfB). The board approved…
Askari Bank Reports 21% Decline in Q1 2024 Profit
Askari Bank Limited (PSX: AKBL) unveiled its earnings report for the first quarter of 2024 (1QCY24) today, showcasing a net…