Rehan Shaikh has been appointed as the Director and Chief Executive Officer (CEO) of the Standard Chartered Bank Pakistan in place of Shazad Dada. Shaikh is the current CEO of Islamic Banking at Standard Chartered, a position he has held since 2015 and is based in Dubai. Rehan Shaikh has diversified banking experience of over […]

After becoming Pakistan’s first fintech to win an E-Money Institution (EMI) license pilot green light from State Bank of Pakistan, Finja has now also been added to the bank’s list for Interbank Fund Transfers from any bank or ATM in Pakistan. This marks the first time a non-bank has been allowed this access and will […]

Grab, Southeast Asia’s leading everyday super app launches the GrabPay Card in the Philippines, a digital-first prepaid card powered by Mastercard that extends GrabPay’s reach globally with unparalleled card security, hassle-free online payments and expanded rewards ecosystem to bring the convenience of cashless payments to more Filipinos. In a survey conducted by Mastercard in the […]

Bookme Tickets Pvt Ltd (Bookme.pk) and 1LINK (Pvt) Limited (1LINK) have partnered for 1LINK – 1BILL aggregation services to simplify digital payments for Bookme.pk’s 4.5 Mln customers across Pakistan. This partnership aims to cater to the growing consumer demand for convenient and cost-effective digital payment options. This strategic partnership will further drive the digital payments […]

A meeting of the Board of Directors of The Bank of Punjab was held on May 19, 2020 to consider and approve the un-audited Financial Statements for the 1st quarter of the year ended March 31, 2020. During the 1st quarter of the year 2020, Bank’s Net Interest Margin (NIM) remained a little subdued at […]

JS Bank Ltd is one of the fastest-growing banks in Pakistan, with 360 branches in 180 cities. With the objective of creating a differentiation in the digital and consumer banking space, the Bank has recently entered into a multi-dimensional agreement with the world’s leader in digital payments – Visa. This partnership with Visa showcases JS […]

The State Bank of Pakistan, in a meeting of the Monetary Policy Committee (MPC) on Friday, reduced the policy rate by 100 basis points to 8 percent.’ This decision reflected the MPC’s view that the inflation outlook has improved further in light of the recent cut in domestic fuel prices. As a result, inflation could […]

Since its launch of Refinance Scheme to Support Employment and Prevent Layoff of Workers, called Rozgar Scheme in common parlance, State Bank has been constantly receiving feedback from various stakeholders, making the scheme more facilitative for businesses and creating incentives to prevent the layoff of employees under current COVID Pandemic scenario. Many of the changes […]

Adviser to Prime Minister on Finance and Revenue Dr. Abdul Hafeez Shaikh launched the Secured Transactions Registry (STR) or registration of security interests/charges created by entities other than companies on their movable assets. The launching ceremony was chaired by Dr. Abdul Hafeez Shaikh and was attended by Governor of State Bank of Pakistan (SBP), Reza […]