Pakistan has embarked on discussions with the International Monetary Fund (IMF) to secure the final tranche of a $1.1 billion loan. This crucial financial negotiation is part of Pakistan's ongoing collaboration with the IMF, aiming to address economic challenges, stabilize the financial landscape, and pave the way for sustained...
Khushhali Microfinance Bank Limited (KMBL), the first-specialized microfinance bank in Pakistan, commemorated its achievement for the fiscal year 2023 (FY 2023). The newly established recovery unit of the microfinance bank has set new benchmarks, achieving a milestone of over PKR 01 Billion in recoveries from the charge-off portfolio through...
Meezan Bank, Pakistan’s leading Islamic bank has recently launched Meezan Justuju - a fully funded talent development program for fresh graduates in collaboration with IBA-CEIF (Institute of Business Administration – Centre for Excellence in Islamic Finance). The Program's initial screening, conducted through a written test at Meezan House, received...
In a groundbreaking move, Raqami Islamic Digital Bank (RIDB) and Euronet Pakistan Pvt. Ltd. have entered into an exclusive agreement aimed at promoting digital payments in Pakistan.
The journey began in January 2023 when RIDB secured a no objection certificate ("NOC") from the State Bank of Pakistan (SBP) to establish...
The State Bank of Pakistan (SBP) has reported a robust performance of the Roshan Digital Accounts (RDAs), indicating a significant foreign exchange inflow of $7.195 billion by the end of December 2023.
According to the SBP data, a comprehensive overview of the RDAs revealed that $1.538 billion had been repatriated,...
