HBL and JP Morgan Launch Wire 365 for 24/7 USD Clearing in Pakistan
HBL becomes the first Pakistani bank to adopt J.P. Morgan Payments’ Wire 365, enabling real-time 24/7 USD cross-border clearing and book transfers.
Rashid Jahangir Takes Charge as President and Chief Executive Officer of Samba Bank Limited
Samba Bank Limited appoints Rashid Jahangir as the new President and CEO to drive strategic growth and innovation within Pakistan’s competitive banking sector.
SadaPay Brings in Nadeem Hussain as Strategic Advisor to Shape Pakistan’s Digital Banking Future
SadaPay has appointed veteran banker Nadeem Hussain as a strategic advisor to guide its growth strategy, partnerships, and governance as the fintech scales operations in Pakistan.
Soneri Bank Appoints Osama Kizilbash as Unit Head Cards Product
Soneri Bank Limited has appointed Osama Kizilbash as Unit Head – Cards Product, strengthening its cards and digital payments strategy with his experience in product management, digital banking, and payments innovation.
Meezan Bank and TCS Join Hands to Facilitate Bike Ijarah Financing for Couriers
Meezan Bank has signed an MoU with TCS Private Limited to introduce Bike Ijarah financing for TCS couriers. The partnership aims to enhance operational efficiency, promote financial inclusion, and empower employees through Shariah-compliant financial solutions.
Soneri Bank Appoints Tanveer Zaman Khan as Head of Transformation to Drive Innovation and Growth
Soneri Bank Limited has appointed Mr. Tanveer Zaman Khan as its new Head of Transformation. With over 27 years of experience across top financial institutions, he brings a strategic vision for digital innovation, operational efficiency, and sustainable banking growth.
The Bank of Punjab Partners with Green Agri Mall to Expand Financial Access for Farmers Across Pakistan
The Bank of Punjab (BOP) and Green Agri Mall have formed a strategic partnership to enhance financial access for farmers by establishing dedicated banking booths at Green Agri Mall centers, providing convenient agricultural financing and tailored banking services across Pakistan.
Meezan Bank and Mastercard Enhance Cross-Border Payment Experience with “Spend Big, Win Big” Campaign
Meezan Bank, Pakistan’s premier Islamic bank, partnered with Mastercard to launch the “Spend Big, Win Big” campaign, aimed at encouraging international digital spending through Meezan Mastercard Debit Cards. The campaign not only rewarded customers with exciting prizes but also strengthened the bank’s focus on secure, seamless, and Shariah-compliant cross-border payments.
Meezan Bank Reports Rs70.5 Billion Profit for Nine Months of FY25 Amid Market Challenges
Meezan Bank Limited reported a net profit of Rs70.5 billion for the first nine months of FY25, reflecting a 10% year-on-year decline due to lower yields and higher credit loss provisions. Despite the dip, the bank maintained strong resilience through robust treasury operations and foreign exchange gains.
NIBAF Pakistan Enhances SME Lending Expertise through Capacity Building Program for RMs and BMs
NIBAF Pakistan organized a two-day training program on SME banking for Relationship Managers and Branch Managers, aimed at improving their understanding of lending practices, operational frameworks, and sustainable growth strategies for small and medium enterprises.