Mobilink Bank partnered with BizB, a leading marketplace in Pakistan, welcoming the company as a ‘Brand Ambassador Organization,’ to drive financial inclusion and bolster women micro-entrepreneurs nationwide. This symbiotic partnership strives to offer easily accessible financial services and support the endeavors of female entrepreneurs in the growing e-commerce landscape....
Today, Visa (NYSE: V) announced a 7-year agreement with Western Union (NYSE: WU). Under the new deal, Western Union customers will be able to receive money from their family and friends’ eligible Visa cards and bank accounts in 40 countries across five regions.
The agreement encompasses card issuance, Western Union’s...
In celebration of International Women's Day, Pakistan’s largest telecommunications and integrated ICT services provider, PTCL Group, joined hands with Pakistan Poverty Alleviation Fund (PPAF) and National Rural Support Programme (NRSP) to empower 100 women entrepreneurs in Haripur, Khyber Pakhtunkhwa. This initiative is part of the “Ba-Ikhtiar” program, a year-long...
Meezan Bank, Pakistan’s leading Islamic Bank, has recently formalized a Memorandum of Understanding (MoU) with the Pakistan Microfinance Network (PMN) - the national association for retail players in the microfinance industry. Under this agreement, the Bank will provide financial and Shariah technical support to PMN member institutions for delivering...
In a notable development, Pakistan has emerged as the next big opportunity for insurance companies seeking expansion and growth. This recognition underscores the country's evolving economic landscape, presenting a favorable environment for insurance services to thrive.
Key Highlights:
Strategic Market Potential: The acknowledgment of Pakistan as the "next big thing" signals...
In a concerning trend, Pakistan's public debt has witnessed a substantial surge, escalating by Rs 4 trillion within 7 months. This surge is attributed to the ongoing trend of extensive government borrowing, raising questions about the sustainability and management of the country's overall debt profile.
Key Developments:
The magnitude of Increase:...
In a significant directive, the Prime Minister has instructed the formulation of a comprehensive strategy aimed at cutting government expenditure and modernizing the Federal Board of Revenue (FBR). This move underscores the government's commitment to fiscal responsibility and enhancing the efficiency of revenue-generating entities.
Key Points:
Strategic Imperative: The Prime Minister's...
In a strategic move, both the federal and Punjab governments are gearing up for a major transition to a new pension system, set to be implemented by July. This shift marks a significant reform in the existing pension structure, aiming to enhance efficiency, transparency, and sustainability in the administration...
In a move to promote transparency and efficiency in the financial sector, the State Bank of Pakistan (SBP) has announced modifications to the reporting schedule for bank exchange rates. This decision reflects the central bank's commitment to refining reporting mechanisms and ensuring accurate and timely information regarding currency exchange...
Mobilink Bank, a leader in digital financial services, launched its sustainability program, “Change to Sustain,” signaling a step forward in its journey towards operational transformation and promoting environmental stewardship within the banking sector. Fueling this initiative is the strategic allocation of PKR 2.5 billion towards renewable energy financing. Embedded with its...
