Easypaisa partners with Bank Alfalah for International Remittances
Bank Alfalah and easypaisa announced a partnership on Monday to facilitate their customers nationwide in conveniently collecting international remittances into their mobile wallets.
Adil Aziz
President order to black listed bank fraudsters, directs banks returns amount to victims
President Dr Arif Alvi has asked the Banking Mohtasib to take up the matter of banking frauds with the State Bank of Pakistan (SBP) to get the essential standard operating procedures (SOPs) issued, so that the proven fraudulent personnel’s CNICs could be blacklisted, placed at the central negative list, besides ensuring that no banking/financial facility could be extended to them by the banking industry.
Editor
Dr Shamshad consultation with financial markets to bring investment
Dr. Shamshad Akhtar, the honorable Caretaker Federal Minister forFinance, Revenue, Economic Affairs chaired a meeting with the Chairman of the Securities Exchange Commission of Pakistan, bankers and heads of development finance stated that capital market reforms are critical component of the CareTaker Government’s economic revival program. The initiatives are aimed to promote growth and development…
Highest ever issuance of GOP Ijarah Sukuk in a single month
Government of Pakistan (GOP) on Monday, 7th August 2023 raised a total of PKR 371 Billion (over $1.29bn) through GOP Ijarah Sukuk This was the highest issuance of Sukuk in a single auction by GOP since the start of GOP Ijarah Sukuk program in 2008 On 3rd of August 2023, various bank participated in the…
Governor SBP Inaugurates Bank Alfalah’s First Digital Lifestyle Branch
Governor State Bank of Pakistan Mr. Jameel Ahmad has said that Pakistan’s banking industry was investing in technological upgrades to facilitate its customers and improving their overall banking experience. He was optimistic that exciting projects like Bank Alfalah’s First Digital Lifestyle Branch will unlock new opportunities, making banking easier to access and leading a more…
Bank Alfalah marks breakthrough with Equity Investment and Embedded Finance Partnership with QistBazaar
Bank Alfalah, one of the largest commercial banks in Pakistan, has made a significant entry into the venture capital ecosystem as it has signed an agreement to acquire a 7.2% equity stake worth PKR 140 million in QistBazaar, a fast-growing, Securities and Exchange Commission of Pakistan (SECP) licensed Buy Now Pay Later (BNPL) non-bank financial…
Paymob, 1LINK partner to fuel digital payments in Pakistan
Paymob, the leading financial services enabler in the Middle East, North Africa and Pakistan (MENA-P) and Pakistan’s largest interbank network, 1LINK, have announced a partnership agreement to power instant online payouts for merchants registered with Paymob via 1LINK’s payment infrastructure, with Bank Alfalah Ltd. serving as its settlement bank. This partnership represents a unique and…
Bank Alfalah partners with TPL to offer tailor-made complementary insurance solutions to its Employee Banking Customers
Bank Alfalah has signed a Memorandum of Understanding (MOU) with TPL Life and TPL Insurance to provide customized insurance solutions for its Employee Banking Customers. This partnership aims to offer free telehealth, accidental death coverage, and financial security to Bank Alfalah’s Employee Banking customers. These customized insurance solutions offered by TPL Life & TPL Insurance…
MMBL-led Banking Syndicate raises PKR 2 Billion in TIER-II Capital Term Finance Certificates
Pakistan’s largest digital bank, Mobilink Microfinance Bank Limited (MMBL), and its Agent Bank for the transaction JS Bank Limited (JS Bank), one of Pakistan’s fastest-growing financial institutions, along with syndicate members, signed an agreement with respect to raising of MMBL’s Tier-II Capital of PKR 2,000,000,000 in the form of Privately Placed/DSLR Listed Term Finance Certificates….
Carrefour and Bank Alfalah introduce new ‘Buy Now, Pay Later’ service
Carrefour brings ease for its customers with the opportunity to shop now and pay later Innovative solution reflects the rising demand for payment flexibility Carrefour, owned and operated by Majid Al Futtaim in Pakistan, has signed a Memorandum of Understanding (MoU) with Bank Alfalah to launch its first ‘Buy Now, Pay Later’ initiative. This first-of-its-kind…