PAFLA and HBL to empower freelancers in Pakistan
Pakistan Freelancers Association (PAFLA) and Habib Bank Limited (HBL) have signed a Memorandum of Understanding (MoU) to empower freelancers across the country, with the enhanced banking services and the strengthening of the freelancing ecosystem in the country.
Editor
Formal Banking Retail Payments Surge 58% in FY26
The State Bank of Pakistan (SBP) released its Annual Report on Payment Systems FY26, informing that retail payments through formal banking channels grew 58% to reach 14.3 billion transactions, of which 13.2 billion were conducted through digital channels.
Adil Aziz
SBP to Introduce Express Clearing System for Faster Cheque Processing
The State Bank of Pakistan announced the launch of Pakistan Express Clearing System (PECS) for reinforcing the digital payments ecosystem and enhancing the efficiency of the existing cheque clearing and settlements mechanism. The new system will be based on the concept of cheque truncation under which cheques will be cleared on the basis of images…
Mehfooz
HBL MFB, 1LINK & Euronet to Launch First PayPak Credit Card
HBL MfB, 1LINK signed a tripartite agreement to introduce Pakistan’s first PayPak Credit Card, with HBL Microfinance Bank.
DIB opens a new branch at Sarai Alamgir to a strong welcome from the leading local community figures
DIB Pakistan has inaugurated a branch at New Metro City, Sarai Alamgir.
ABHI Microfinance Bank Partners with SOS Group and South Air for Advance Salary Solutions
ABHI Microfinance Bank announced its partnership with SOS Group and South Air to introduce Advance Salary solutions for their employees.
SBP Holds Policy Rate at 11.5% as Inflation Rises and Global Risks Grow
The State Bank of Pakistan’s (SBP) Monetary Policy Committee (MPC) has decided to maintain the policy rate at 11.5 percent.
The performance and resilience of the banking sector remained intact during H1CY26: SBP
The State Bank of Pakistan (SBP) has issued today the Mid-Year Performance Review (The Review) of the Banking Sector for the first half of 2026.
BII Plans to scale up investment in Pakistan
British International Investment (BII) reaffirmed its commitment to Pakistan and signalled interest in exploring fresh investment opportunities.
Faysal Bank Wins Employer of Choice Gender Diversity Award 2026
Faysal Bank Limited (FBL), Pakistan’s leading Islamic bank, has been recognised with the prestigious Employer of Choice Gender Diversity Award 2026