U Bank has joined hands with the National Bank of Pakistan (NBP) for the promotion of financial inclusion in the country. Kabeer Naqvi, President and CEO, U Microfinance Bank Limited (U Bank), and President and CEO, National Bank of Pakistan (NBP), Arif Usmani signed an MOU of strategic partnership between the two organizations. This collaboration […]

New research by Mastercard has highlighted the important role of government support in helping small and medium enterprises (SMEs) across the Middle East and Africa (MEA) to recover, position for growth, and contribute to economic prosperity. In the inaugural Mastercard MEA SME Confidence Index, government support and implementation of effective policies were highlighted as ‘important […]

Jazz has secured a PKR 50 billion syndicated credit facility from a banking consortium led by HBL. This 10-year facility will be used to finance the company’s ongoing 4G network rollouts and technology upgradation. This is the first of its kind facility extended to the telecom sector in terms of the amount and tenor. The facility is fully […]

Pakistan Mortgage Refinance Company (PMRC) and its Partner Financial Institutions (PFIs) joined hands to provide and promote affordable housing finance in the country by signing Credit Guarantee Agreements with Credit Guarantee Trusts for Low-Cost Housing, set up by the Government of Pakistan with PMRC as Trustee. In the ceremony held at PMRC’s office at FTC […]

Huawei Technologies introduced its secure online transaction service – HUAWEI Pay in Pakistan in 2020. It is a safe, secure, easy, and efficient way to make payments via your Huawei devices, supporting card payments. As a mobile payment service by Huawei in partnership with Union Pay and National Bank of Pakistan, the service leverages bank […]

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 […]

The Asian Banking & Finance Magazine (ABF) has awarded its prestigious Corporate Client Initiative of the Year – Pakistan and the Innovative Deal of the Year – Pakistan Awards at the Corporate & Investment Banking Awards 2020, to the National Bank of Pakistan (NBP). Corporate & Investment Banking Group (CIBG) at NBP reflects the bank’s […]

Codebase Technologies, a leading Global Open API Banking solutions provider at the forefront of enabling banks and financial institutions (both conventional and Islamic), as well as, the emerging FinTech ecosystem to demystify digital financial services, has successfully upgraded the existing Pool Management system deployed at National Bank of Pakistan. The Islamic banking industry in Pakistan […]