Allied Bank, one of the largest commercial banks in Pakistan has signed a Memorandum of Understanding (MOU) with the National Incubator Center (NIC) which is the largest technology incubation center in Pakistan and managed by Teamup on the 18th of February 2021. Both organizations aim to promote innovation and digitization in the ecosystem. Allied Bank will […]

Allied Bank, which is one of the largest commercial banks in Pakistan, has announced the addition of WhatsApp to its customer communications channels in collaboration with the global cloud communications provider, Infobip. The move aims to strengthen the bank’s digital presence and offer its customers universal banking services that fit the expectations of the connected consumer […]

Country’s leading cellular and digital services provider, Zong 4G, and one of Pakistan’s leading commercial banks, Faysal Bank, have inked an agreement making Zong 4G its official communication partner. The partnership is in line with the digitization goals of both organizations, with Zong 4G playing the central role in the fulfillment of Faysal Bank’s organizational […]

U Microfinance Bank Ltd. (U Bank) was awarded the ABF Corporate & Investment Banking Award 2020 for the “Microfinance Syndication Deal of the Year – Pakistan” category. The Syndicate Term loan was executed between U Microfinance Bank Ltd. and Allied Bank Limited in the last week of December 2018, with the drawdown in trenches, with the purpose […]

i2c Inc, a leading provider of digital payment and open banking technology today announced an expansion of its business in both North and South America as demand continued to accelerate for its innovative solutions. i2c has signed 17 new clients across the Americas since the beginning of the year representing both commercial banks and FinTechs […]

The State Bank of Pakistan (SBP) has opened up its subsidized Temporary Economic Relief Facility (TERF)  for Balancing, Modernization and Replacement (BMR), and expansion of existing projects. This measure has been taken to provide further stimulus to the economy in the context of COVID‐19’s impact on the economy, to support investment in the country for […]

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 […]