Committed to national prosperity, JS Bank has been recognized by the State Bank of Pakistan (SBP) for its leading role in driving home remittance. One of the largest foreign exchange contributors to the national exchequer, Home Remittance is a high priority area for the SBP and the banking sector with inflows jumping by 51 […]

President Dr. Arif Alvi on last week said Pakistan had immense potential in the field of the digital economy and digital education and stressed the importance of fast data communication modes to explore vast opportunities in such areas. “Pakistan has high prospects in making strides in the digital economy, digital education and digital finance and […]

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 […]

Transfast, a leading cross-border payments service provider with presence in over 140 countries, has partnered with Habib Bank Limited (HBL), the largest commercial bank with over 1700 branches in Pakistan, to facilitate expatriates around the globe to send money to Pakistan. The remittance facility between Transfast and HBL is now available to the Pakistani expatriates […]

“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 […]

After becoming Pakistan’s first fintech to win an E-Money Institution (EMI) license pilot green light from State Bank of Pakistan, Finja has now also been added to the bank’s list for Interbank Fund Transfers from any bank or ATM in Pakistan. This marks the first time a non-bank has been allowed this access and will […]

Launched to facilitate secure, cheap, and rapid remittances by overseas Pakistani’s, the Pakistan Remittance Initiative (PRI) is a joint initiative of the State Bank of Pakistan, Ministry of Overseas Pakistanis, and Ministry of Finance. Remittances play a crucial role in Pakistan’s economy, providing a much-needed inflow of dollars to boost foreign exchange reserves. Ranking amongst […]

National Financial Literacy Program for Youth (NFLP‐Y), a project of the State Bank of Pakistan (SBP),  and  Rozee.pk  have partnered to impart free of cost financial literacy education to  Pakistan’s youth through an engaging and interactive game called ‘PomPak – Learn to Earn’. PomPak delivers its lessons in  English and  Urdu language through a  story‐based […]