To make online banking easier for customers, Khushhali Microfinance Bank Limited is now launching a mobile banking app for android devices. The bank’s app comes with a number of valuable features including real-time access to deposit and loan account, transaction details and statement download facility, payment of credit card bills, utility bills, mobile top-up, post-paid […]

Mobilink Microfinance Bank has recorded double-digit growth of 12% year-on-year in 2019 with a handsome increase in its values of assets, deposits, and loan portfolio. The bank’s profits increased to Rs. 920million in 2019 from Rs. 818 million in 2018, showing an increase of Rs. 102 million. The microfinance bank maintained the highest profit values […]

SECP Chairman, Aamir Khan emphasized that in these challenging times the development of the microfinance industry depends upon the resilience and risk management, achieved through quintessential pillars of liquidity-tapped through private capital and technology embracement. Khan was addressing the Non-Bank Microfinance Companies Stakeholders Forum organized by SECP to devise a way forward and collaborate strategic […]

      1. How do you see the overall landscape of economy in Pakistan post COVID-19? The entire global economy will be negatively impacted by the COVID-19 crisis because of the lockdown response taken by all the countries to try and minimize the spread of this virus. But Pakistan will face a much bigger […]

State Bank of Pakistan (SBP) has directed conventional and microfinance banks to allow cash deposits into merchant accounts by the owners, which are mostly retailers of various goods and services. As per the revised amendments in ‘Regulations for Digital On-boarding of Merchants,’ Banks/MFBs shall ensure that Merchant Accounts are only used for digital collection of […]