Bank Alfalah win to two GIFA awards in Islamic Sector
Bank Alfalah has earned international acclaim by winning two awards at the 2024 Global Islamic Finance Awards (GIFA), highlighting its position as a leader in the Islamic banking sector.
Mehfooz
Banking sector grows 11.5% in H1CY24 with satisfactory performance, resilience: SBP
The State Bank of Pakistan (SBP), stated that performance and resilience of the banking sector for the period January to June 2024 remained satisfactory with a growth of 11.5 percent in collective balance sheet.
Adil Aziz
Mobilink Bank bags ‘Best Digital Banking Services’ Award at CFA for two years running
Mobilink Bank, has secured the prestigious title of ‘Best Digital Banking Services’ (Microfinance Category) at the 21st Annual Excellence Awards hosted by CFA Society Pakistan. This marks the Bank’s second consecutive win, claiming the same honor last year, solidifying its position as a leader in digital banking innovation.
Editor
Aurangzeb engages with SCB on expanding investment opportunities
Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb held a virtual meeting with Global Head of Corporate & Investment Banking at Standard Chartered Bank (SCB), Sunil Kaushal to discuss expanding investment opportunities in Pakistan.
Aurangzeb invites Dubai Islamic Bank to enhance investments
Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb invited the Dubai Islamic Bank to enhance its investment in the country; reaffirming the government’s dedication to maintaining a stable macroeconomic environment and ensuring that all necessary measures were in place to facilitate foreign investment.
JS Bank wins leading Digital Bank Award
JS Bank, one of the fastest growing banks in Pakistan, has been awarded the Leading Digital Award accolade at the CxO Elevate 2024 Awards. JS Global, a subsidiary of JS Bank, has been recognized with the Digital Investment Transformation Award.
SBP aims to double SME financing to Rs.1100 Billion
Deputy Governor State Bank of Pakistan (SBP), Saleemullah has reaffirmed the central bank’s objective to double the financing of Small and Medium Enterprises (SMEs) to Rs.1100 billion over the next five years under the Vision-2028 and urged the banks to embrace SME finance as a core business line to boost MSME growth.
Governor SBP inaugurates 1st edition of Pakistan Financial Literacy Week
Governor State Bank of Pakistan (SBP) Jameel Ahmad, said that SBP fully recognizes access to financial services a fundamental right, and SBP’s mission is to empower every citizen by providing them with the tools and knowledge needed to participate fully in the economy.
Mobilink Bank and NIBAF’s synergistic initiative to foster Financial Inclusion
Mobilink Bank, Pakistan’s leading digital microfinance institution, partnered with the National Institute of Banking & Finance (NIBAF) to share its vision and practices with the entire banking industry as a result of introducing an innovative product of Commercial Vehicle. The idea behind bringing this product is to nurture entrepreneurship and foster economic growth, generating employment opportunities that contribute substantially to societal development.
CDNS secure Rs.50 Billion investment in Islamic finance bonds
The Central Directorate of National Savings has secured Rs 50 billion in Islamic finance bonds at the end of the second quarter of the current fiscal year 2023–24.