PBA to Host Pakistan Banking Summit 2025 on February 24
The Pakistan Banks Association (PBA) proudly announces the launch of the Pakistan Banking Summit 2025 (PBS’25), a groundbreaking industry-led initiative aimed at driving financial advancement and innovation. Set to take place on February 24-25, 2025, in Karachi.
Adil Aziz
FBR to Enhance Monitoring of Bank Transactions Exceeding Declared Income
The Federal Board of Revenue (FBR) has announced plans to closely monitor bank transactions that exceed individuals’ declared income to strengthen tax compliance and curb financial irregularities.
Mehfooz
Meezan Bank and University of Karachi Sign MoU for Islamic Banking Faculty Development
The University of Karachi and Meezan Bank Limited signed a memorandum of understanding (MoU) to enhance faculty capacity in Islamic banking and finance.
HBL Microfinance Bank Welcomes Maya Inayat Ismail as New Chairperson
HBL Microfinance Bank (HBL MfB) announced the appointment of Maya Inayat Ismail as the Chairperson of the Board of Directors, succeeding Rayomond H. Kotwal.
Investor Confidence: Veon Group injects USD 15 million in Mobilink Bank to fuel growth and tech advancement
Global digital operator VEON Group reaffirms its confidence in the growth potential of Pakistan’s microfinance sector and Mobilink Bank by investing USD 15 million in fresh capital to drive the bank’s strategic ambitions. The capital injection will empower Mobilink Bank to expand its offerings in Micro, Small, and Medium Enterprise (MSME) financing, explore Islamic banking, and accelerate its ongoing transition into a technologically advanced, future-ready digital bank.
Editor
SBP, banks to remain closed for public dealing on 1 January
The State Bank of Pakistan (SBP), all banks and financial institutions will observe Bank Holiday on Wednesday and remain closed for public dealing.
Domestic Deposits in Pakistan’s Scheduled Banks Surpass the PKR 31 Trillion Benchmark: SBP Report
The Deposit Protection Corporation (DPC) announces the release of its fourth Annual Report for the fiscal year ended June 2024. The report has been issued with the objective of providing complete disclosure of the Corporation’s financial performance, operating activities, and achievements. DPC was established under the Deposit Protection Corporation Act, 2016 and operates as a…
Abhi & TPL Corp receive approval to acquire FINCA Microfinance Bank
The strategic alliance between Abhi and TPL Corp aims to reshape financial inclusion efforts across Pakistan by combining FINCA’s extensive microfinance network and expertise with Abhi’s innovative digital solutions and TPL Corp’s presence in retail, insurance and technology sectors.
InfraZamin Pakistan seminar advocates Green Bonds for Sustainable Finance
InfraZamin Pakistan, Pakistan’s premier credit enhancement guarantor, in collaboration with the State Bank of Pakistan (SBP), Pakistan Banks’ Association (PBA), and the Private Infrastructure Development Group (PIDG) hosted a seminar titled Enabling Green Financing and Green Bonds via Credit Enhancement Solutions today at a local hotel.
Mobilink Bank honoured with multiple awards at VEON Ignite 2024
Mobilink Bank, was celebrated with multiple prestigious awards at VEON Ignite 2024. This annual gathering brings together over 200 global leaders from VEON’s extensive network, focusing on driving digital innovation and future strategies.