Banking Sector Archives - Page 3 of 75

Meezan Bank announces Financial Results for the Nine Months ended Sept. 2024 The Bank posted a Profit After Tax (PAT) of Rs 77.5 billion up from 58.04 billion in the corresponding period last year, a growth of 34%.

On: October 24, 2024

Tagged: Earnings Per Share, financial results, Meezan Bank, Profit After Tax Rs 77.5 b

Meezan Bank announces Financial Results for the Nine Months ended September 30, 2024 KARACHI ( WEB NEWS ) The Board of Directors of Meezan Bank approved the Bank’s financial statements for the nine months ended September 30, 2024. Mr. Riyadh S. A. A. Edrees, Chairman of the Board, chaired theRead More →

Mastercard Recognizes JazzCash with ‘Pioneering Telco to Launch Tap on Phone’ Award Despite the presence of approximately 50.37 million debit and credit cards in Pakistan, there are only 125,593 point-of-sale (PoS) machines.

On: October 23, 2024

In: Banking Sector

Tagged: 125593 PoS machines., 50.37 million cards, JazzCash, Mastercard Recognizes, Tap on Phone’ Award

Mastercard Recognizes JazzCash with ‘Pioneering Telco to Launch Tap on Phone’ Award ISLAMABAD ( WEB NEWS ) JazzCash, the fintech arm of Pakistan’s leading digital operator Jazz, a VEON Group company, has received the ‘Pioneering Telco to Launch Tap on Phone’ award at the Mastercard Payment Leaders Awards. The ceremonyRead More →

Mobilink Bank tops the SBP’s Banking on Equality scorecard for the second year The Women Friendliness Grid serves as a vital benchmark for assessing the accessibility and inclusivity of financial services for women.

On: October 23, 2024

In: Banking Sector

Tagged: Mobilink Bank, SBP’s Banking, Supportive environment, Women Friendliness Grid

ISLAMABAD ( WEB NEWS ) Mobilink Bank has once again demonstrated its unwavering commitment to gender equality and financial inclusion, securing a remarkable score of 82.7 on the State Bank of Pakistan’s (SBP) Women Friendliness Grid. This notable increase from last year’s score of 71.79 highlights the Bank’s continuous effortsRead More →

Bank Alfalah Reports 23.5% Growth in Profit Bank Alfalah reported profit after tax of PKR 33.643 billion, an improvement of 23.5% over the same period

On: October 21, 2024

In: Banking Sector

Tagged: 23.5% Growth Profit, Bank Alfalah, Deposits Rs. 2.136 tri, Profit Rs.33.643 b

Bank Alfalah Reports 23.5% Growth in Profit ISLAMABAD ( WEB NEWS ) The Board of Directors of Bank Alfalah Limited, in its meeting held on October 17, 2024, approved the Bank’s financial results for the nine-months period ended September 30, 2024. Bank Alfalah reported profit after tax of PKR 33.643Read More →

NADRA Signs e-Payment Gateway Agreement with BOP NADRA has taken a significant step towards enhancing its Service Delivery by signing an e-Payment Gateway

On: October 19, 2024

In: Banking Sector

Tagged: Agreement with BOP, e-Payment Gateway, Nadra

NADRA Signs e-Payment Gateway Agreement with BOP to Facilitate Digital Payment for Services LAHORE ( WEB NEWS ) National Database & Registration Authority (NADRA) has taken a significant step towards enhancing its Service Delivery by signing an e-Payment Gateway and Acquiring Agreement with the Bank of Punjab (BOP). National Database &Read More →

Fatima Fertilizer and ZTBL Sign Industry-First MOU This MOU strengthens our mission to provide smallholder farmers with the tools they need to improve productivity.

On: October 17, 2024

In: Banking Sector

Tagged: Enhance productivity, Fatima Fertilizer, smallholder farmers, Zarai Taraqiati Bank

Fatima Fertilizer Company Limited and ZTBL Sign Industry-First MOU to Enhance Financial Access for Smallholder Farmers ISLAMABAD ( WEB NEWS ) Fatima Fertilizer Company Limited and Zarai Taraqiati Bank Limited (ZTBL) have entered into a groundbreaking partnership to promote financial inclusion and support for smallholder farmers in Pakistan. This collaborationRead More →

The State Bank of Pakistan will celebrate Women Entrepreneurship Day The event is expected to bring together top officials from banks and non-bank institutions and working women associations

On: October 16, 2024

In: Banking Sector

Tagged: Governor Jameel Ahmad, Loans female borrowers, State Bank of Pakistan, Women Entrepreneurship Day

KARACHI ( WEB NEWS ) The State Bank of Pakistan (SBP) will celebrate Women Entrepreneurship Day (WED) on November 19, 2024. The event will be inaugurated by Governor SBP Mr. Jameel Ahmad at the SBP. The event is expected to bring together top officials from banks and non-bank institutions andRead More →

SBP’s Revised SME Financing Limits as a Key Driver of SME Growth This notification comes as part of the recommendations put forward by the PBA’s SME Task Force.

On: October 16, 2024

In: Banking Sector

Tagged: Banks' Association, SME Financing Limits, SME Task Force, State Bank Pakistan

PBA Applauds SBP’s Revised SME Financing Limits as a Key Driver of SME Growth in Pakistan KARACHI ( WEB NEWS ) This notification comes as part of the recommendations put forward by the PBA’s SME Task Force. The Pakistan Banks’ Association (PBA) applauds the State Bank of Pakistan (SBP) forRead More →

Bank Alfalah Partners with Cancer Foundation Hospital Cancer Foundation Hospital is dedicated to offering affordable, comprehensive cancer care to all, irrespective of financial circumstances.

On: October 10, 2024

In: Banking Sector

Tagged: Bank Alfalah Partners, Breast Cancer Patients, Cancer Foundation, Highest breast cancer rates

Bank Alfalah Partners with Cancer Foundation Hospital to Support Breast Cancer Patients LAHORE ( WEB NEWS ) Bank Alfalah, a leading commercial bank in Pakistan, has partnered with Cancer Foundation Hospital, a leading non-profit healthcare institution, to provide life-saving treatment to women battling breast cancer. As part of this collaboration,Read More →

First-ever concessional green banking on-lending Facility of USD 54.2 Million The successful close of the facilities was commemorated at a signing ceremony at AFD’s head office in Paris

On: October 7, 2024

In: Banking Sector

Tagged: $ 54.2 M Credit Facility, Climate adaptation, On-lending Facility, The Bank of Punjab

First-ever concessional green banking on-lending Facility of USD 54.2 Million signed between BOP & AFD LAHORE ( WEB NEWS ) The Bank of Punjab (BOP) has successfully arranged a long term Foreign Currency (FCY) On-lending Facility of USD 54.2 Million (Credit Facility) from Agence Française de Développement (AFD), the FrenchRead More →

Mobilink Bank introduces climate insurance to protect agri-borrowers from climate risks The climate crisis is no longer a distant threat — it is a pressing reality for the borrowers in our crop and livestock portfolio.

On: October 3, 2024

In: Banking Sector

Tagged: Agri-sector economy, Climate Shock Insurance, Mobilink Bank, Protect agri-borrowers

Mobilink Bank introduces climate insurance to protect agri-borrowers from climate risks ISLAMABAD ( WEB NEWS ) Mobilink Bank, Pakistan’s leading digital microfinance bank, has introduced Climate Shock Insurance to protect small and medium-scale farmers and livestock owners from the escalating risks of climate change. Under the initiative, the Bank providesRead More →

Meezan Bank and Hamdard Laboratories Strengthening Partnership This milestone was celebrated at a formal signing ceremony held at Hamdard Laboratories’ headquarters.

On: October 2, 2024

In: Banking Sector

Tagged: Digitalized Payments, Distributor collections, Hamdard Laboratories, Meezan Bank

Meezan Bank and Hamdard Laboratories Strengthening Partnership with Transaction Banking Services and Digitalized Payments & Collections KARACHI ( WEB NEWS ) Meezan Bank, Pakistan’s leading Islamic bank, and Hamdard Laboratories (Waqf) Pakistan, a pioneer in Eastern medicine, have marked a significant enhancement in their financial collaboration with the successful integrationRead More →

Banking Sector (Page 3)