HugoBank, Pakistan’s latest digital bank led by a Singapore Consortium, today announced the proposed appointment of Atyab Tahir as Chief Executive Officer, subject to the State Bank of Pakistan’s fit and proper assessment. Following the company’s incorporation, Atyab will set up and lead HugoBank in Pakistan to offer digital banking services to people and small […]

Dawlance is Pakistan’s leading producer of innovative home appliances and a wholly-owned subsidiary of Arcelik – the 2nd largest manufacturer in Europe. The Chief Executive Officer of Dawlance – Mr. Umar Ahsan Khan recently held a meeting with a Senate Finance Committee, to highlight the adverse economic impact of the current interruption in Pakistan’s import […]

HABIBMETRO Sirat – The Islamic banking brand of HABIBMETRO Bank, organized the first HABIBMETRO Sirat Islamic banking summit which was attended by various stakeholders including SBP, PSX & SECP officials as well as CEO’s and Shariah Board Members of various banks, Shariah scholars, and businessmen. The Summit was held in honor of the visit of […]

The council member of Institute of Chartered Accountants of Pakistan (ICAP), Mr. M. Ali Latif, is appointed as Non-Executive Director on Board of State Bank of Pakistan (SBP). Mr. M. Ali Latif is a Fellow Member (FCA) of the Institute of Chartered Accountants of Pakistan (ICAP). He has over 20 years of experience in the […]

State Bank Pakistan (SBP) has issued an Islamic banking license to Faysal Bank Limited (FBL) making it the second-largest full-fledged Islamic bank in Pakistan. Commenting on the momentous occasion, Mr. Jameel Ahmed, Governor State Bank of Pakistan said, “Conversion of Faysal Bank is first of its kind in the banking history of Pakistan. This is […]

CFA Society Pakistan hosted the 19th edition of its prestigious Annual Excellence Awards in Karachi to recognize the outstanding performances of financial institutions, corporates and professionals. Faysal Bank Limited (FBL) was declared “Best Bank of the Year 2021” amongst mid-size banks of the country. Mr. Yousaf Hussain – President & CEO, Faysal Bank Limited received […]

Faysal Bank Limited (FBL) and Bank of Khyber have partnered to launch a suite of digital financial services featuring virtual & debit card services along with added digital payment solutions. Faysal Bank through its Fintech Express Program is driven by creating partnerships with Banks and Fintech to further encourage State Bank of Pakistan’s (SBP) financial […]

Mashreq Bank, one of the leading financial institutions in the UAE, has signed a strategic partnership with Bank Al Habib Pakistan to offer free remittance transfers from the UAE to Pakistan. The collaboration will support Mashreq’s faster cross border payment product, QuickRemit, which was originally launched in 2017. Customers using the application will not be […]

The announcement from the Ministry of Finance last week that it will advise the State Bank of Pakistan and National Bank to withdraw their appeal against the Federal Shariat Court’s decree to convert to an Islamic financial system comes as a welcome step. Senator Mohammad Ishaq Dar, Federal Minister for Finance and Revenue, announced that […]

Jazz, jointly with its digital financial services JazzCash and sister concern Mobilink Microfinance Bank (MMBL) have been recognized as diversity and inclusion (D&I) champions across 7 markets globally by VEON, a global digital operator, during the Ignite Top 200 event held in Dubai. “We are committed to improving the lives and livelihoods of women through our […]