Tag: Bank

HBL Granted Membership Bank Status under SCO IBA Framework

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PR:  Habib Bank Limited (HBL) is proud to be  officially granted the status of membership bank, during the 14th council meeting of Shanghai Cooperation Organization Interbank Association (“SCO IBA”), was held between 4th to 7th June, 2018 in Beijing, China. The Shanghai Cooperation Organisation (SCO) is a Eurasian political, economic, and security organisation, the creation of […]…Read More

Telenor Microfinance Bank and Mastercard to boost cashless payments in Pakistan

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article image PR:  In a major move aimed at further driving the cashless ecosystem in Pakistan, Mastercard, a leading technology company in the global payments industry, and Easypaisa, the first and largest mobile financial service (MFS) provider in the country, will now enable Masterpass QR payments for Easypaisa Mobile Account users on the Easypaisa smartphone App. Masterpass […]…Read More

FINCA Microfinance Bank opens in Gilgit City

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article image PR:  FINCA Microfinance Bank opens its latest branch in the scenic city of Gilgit, reinforcing its pledge to remain one of the fastest growing microfinance banks in the country. With this addition, FINCA Pakistan has broadened its outreach to 108 Pakistani cities through 120 branches. The branch was inaugurated by Ms. Zar Wardak, VP& Regional Director […]…Read More

JS Bank & CarFirst join hands to provide First-Of-Its-Kind Vehicle Trade-in program in Pakistan

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PR:  JS Bank, one of Pakistan’s fastest growing financial institutions has joined hands with CarFirst –the nation’s leading used-car trading platformto facilitate customers. Under the terms of this partnership, a unique JS-CarFirst vehicle trade-in program will be offered to site patrons, allowing them to either upgrade, replace, or selltheir used vehicles. Offering a streamlined and first-of-its-kind […]…Read More

LUMS and World Bank Pakistan hold Pakistan@100 conference

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PR:  Over the course of this year, Lahore University of Management Sciences (LUMS) and World Bank Pakistan will be partnering on the Pakistan@100 Initiative, a World Bank-led analytical study on Pakistan’s long term development vision and path as it turns 100 in 2047. This week, LUMS and World Bank Pakistan held the Pakistan@100 Conference to discuss […]…Read More

FINCA microfinance bank and Benazir Income Support program join hands for women empowerment

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PR:  FINCA Microfinance Bank Ltd. signed an MoU with Benazir Income Support Programme (BISP) for women empowerment and financial inclusion on Wednesday 7th March, 2018 at BISP Headquarters in Islamabad. The initiative is aimed at increasing female financial inclusion footprint and graduation of BISP beneficiaries to women entrepreneurs. BISP will leverage FINCA’s Digital Financial Services, including […]…Read More

Enablement of Islamabad traffic police to issue digital chalan through NBP and JB bank

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PR:  Islamabad traffic police has introduced a paper-free digital chalan in collaboration with National Bank of Pakistan and JS Bank. Under the arrangement digital Challans will be issued by Traffic officials through Smart phones and violators will receive chalan notifications through SMS on other end. Violators will have multiple options to pay against the chalan including […]…Read More

National Bank of Pakistan After-tax Profit of Rs. 23.03 Billion, 1.2% up YoY Balance Sheet Grows to Rs. 2.37 Trillion

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PR:  Meeting of the Board of Directors (BoD) of National Bank of Pakistan (Bank) was held on February 20, 2018 at the Bank’s Head Office in Karachi. The BoD approved the financial statements of the Bank for the year ended December 31, 2017. Maintaining its position in the industry, the Bank reported highest ever profit after […]…Read More

PTCL injects PKR 1 Billion in U Microfinance Bank

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PR: Pakistan Telecommunication Company Limited (PTCL) has injected an additional equity of PKR 1 billion in U Microfinance Bank Ltd. (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. Given the overall economic landscape, competitive environment […]…Read More

National bank of Pakistan and Bank of China sign MoU to enhance banking services

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article image PR: National Bank of Pakistan (NBP) and Bank of China Pakistan Operations (BOCP) signed a MoU to promote banking services in the country. The MoU will focus on developing niches and creating synergies between the two institutions. The MoU will strengthen the ironclad brotherhood between the two nations. The MoU was signed by Mr. Saeed Ahmad, […]…Read More