UBL and Inverex Automobiles Partner to Launch Exclusive Fleet Financing for Electric Vehicles
UBL has partnered with Inverex Automobiles to launch an exclusive Fleet Financing offer for electric vehicles in Pakistan, featuring 0% markup for one year and low-rate multi-year financing options. The collaboration supports businesses in adopting cost-effective and sustainable fleet solutions, advancing the country’s clean mobility goals.
Sarmed Ijaz appointed as Head of Distribution at DIB Pakistan to drive growth and network expansion
Mr. Sarmed Ijaz, a seasoned banking leader with over two decades of experience, has joined Dubai Islamic Bank Pakistan Limited as Head of Distribution to strengthen its branch network and drive strategic growth across Pakistan.
NBP and NCCPL Partner to Strengthen Banking and Capital Markets Integration
NBP and NCCPL have signed an MoU to deepen collaboration between banking and capital markets in Pakistan. The partnership focuses on margin trading financing, custodian clearing membership, and liquidity enhancement to strengthen the country’s financial ecosystem and attract broader investor participation.
MCB Bank’s Profit Falls 15.5% in 9MFY25 Amid Lower Interest Income and Rising Costs
MCB Bank reported a 15.5% year-on-year decline in net profit for 9MFY25, driven by lower interest income and rising costs. While non-markup income and associate profits improved, increased expenses and credit loss provisions weighed on overall profitability.
Ms. Zaeem joins DIBPL to drive brand transformation and strategic marketing initiatives
Ms. Zaeem, with over three decades of marketing and branding expertise, joins DIBPL to lead its brand transformation, enhance customer engagement, and drive strategic growth initiatives in Pakistan’s banking industry.
Mobilink Bank and RCCI join hands to strengthen women-led businesses through financial literacy and digital banking
Mobilink Bank has signed an MoU with RCCI to support 2,000 women entrepreneurs through financial literacy training, digital banking solutions, and inclusive incubation programs, strengthening Pakistan’s women-led SME ecosystem.
9th Annual Microfinance Conference 2025 highlights mission focus and disaster resilience in financial inclusion
The 9th Annual Microfinance Conference 2025 brought together leaders to address mission drift, disaster resilience, and the future of inclusive finance in Pakistan, with thought-provoking sessions led by Aameer Karachiwalla and Aftab Alam.
Faysal Digimall and LG partner to enhance digital finance and retail innovation in Pakistan
Faysal Digimall and LG have signed a strategic partnership agreement to strengthen digital financing and enhance customer experience, marking a major milestone in Pakistan’s evolving fintech and retail ecosystem.
SBP Injects Over Rs10 Trillion Through OMO to Stabilize Liquidity
The State Bank of Pakistan has injected over Rs10 trillion into the banking system through conventional and Shariah-compliant OMOs to stabilize liquidity and support the financial sector. This strategic move underscores SBP’s dual liquidity management framework for both conventional and Islamic markets.
Rehan Ali Qureshi Appointed as Department Head of IS Strategy and Policies at NBP
Rehan Ali Qureshi has been appointed as the Department Head of IS Strategy and Policies at National Bank of Pakistan. With 13 years of cybersecurity and IT governance experience, his leadership will play a key role in strengthening NBP’s digital security framework and guiding strategic security initiatives.