To promote housing and construction of buildings activities in the country, as envisaged by the Government of Pakistan (GOP), State Bank of Pakistan (SBP) has decided to set a mandatory target for banks to extend mortgage loans and financing for developers and builders. Banks will be required to increase their housing and construction of building […]

To prepare and implement a roadmap to ensure sustainable market-led financing of housing projects and mortgages in order to promote the development of housing and construction industry in the country, the Governor State Bank of Pakistan, Dr. Reza Baqir, formed a Steering Committee on Housing and Construction Finance last week. The Committee constituted members including […]

“Almost every transaction can be conducted digitally and people are appreciating how these services enable a much more feasible infrastructure for payments”, commented Mohammad Mudassar Aqil, President & Chief Executive Officer at Telenor Microfinance Bank / Easypaisa, while having an exclusive discussion with our Editor in Chief on the impact of outbreak on the overall […]

“The banking industry will see lasting behavioral changes”, expressed Basir Shamsie, President and CEO at JS Bank, during an exclusive Q&A session with our Editor in Chief on the impact of COVID-19 outbreak on the overall economic landscape in Pakistan, also he shared his valuable insights on the shifting dynamics of the financial and banking […]

“This is a wakeup call for the insurance industry in Pakistan and opportunity to increase penetration using technology”, commented Sibtain Jiwani, Chief Executive Officer at Smartchoice.pk, during an exclusive Q&A session with our Editor in Chief and shared his insights on the impact of COVID-19 outbreak on the overall insurance industry landscape in Pakistan. 1. […]

  “Customers would be right in withdrawing trust, had we shut down and not helped them in this time and just managed our own risk”, expressed Kabeer Naqvi, President, and Chief Executive Officer at U Microfinance Bank Limited, during an exclusive Q&A session with our editor in Chief on the impact of COVID-19 on the […]

The State Bank of Pakistan has permitted NayaPay (Pvt.) Limited, an upcoming E-money Institution (EMI), to commence operations on a limited scale. It is the second company to be provided such permission. The pilot stage is a precursor to the full launch of the services and features of the EMI to the general public. Over […]

“Partnerships among industry players as well as across industries will constitute a key success factor as the digital age advances in Pakistan”, expressed Ali Sarfraz, CEO, Karandaaz during an exclusive Q&A session with Daily NewsPK while sharing his insights on the FinTech and start-up landscape in Pakistan and the impact of COVID-19 on it. 1. […]

Omer Bin Ahsan, Chief Executive Officer, Haball shared his insights on impact of pandemic out-break on digital financial services in Pakistan with our editor in Chief during an exclusive Q&A session on COVID-19. 1. How do you think the financial industry change post COVID-19? They will read the writing on the wall on their insourced […]

Taking cognizance of the SMEs finding difficulties in arranging adequate collateral and banks’ risk awareness in taking exposures for such lending under the SBPs Refinance Scheme to Support Employment and Prevent Layoff of Workers, Ministry of Finance has stepped forward to shoulder risk sharing with banks. Accordingly, the Federal Government has allocated Rs30 billion under […]