Banking
Pakistan Banks’ Association (PBA) and IFC join forces to boost green buildings in Pakistan
Karachi, June 06, 2024: Pakistan Banks’ Association (PBA), in partnership with the International Finance Corporation (IFC), arranged a workshop on the benefits of green, resilient real estate investment, attended by participants from over 25 banks operating in Pakistan. A key area of focus was cooling for buildings, an area especially relevant to Pakistan given recent…
SBP Governor chaired implementation meeting of PBA’s priority sectors initiatives
Karachi, June 05, 2024 :The Governor State Bank of Pakistan (SBP), Jameel Ahmed chaired the first Steering Committee Meeting for the implementation of priority sectors initiatives recommended by the Pakistan Banks’ Association (PBA). The meeting focused on enhancing support from the banking industry in three key sectors of Agriculture, Small and Medium Enterprises (SMEs), and…
Zindigi JS Bank & 5th Pillar Family Takaful signed MoU to facilitate customers for Hajj and Umrah on easy installments
Karachi: The Digital banking Initiative of JS Bank, Zindigi, has partnered with 5th Pillar Family Takaful, a prominent provider of Takaful products and services, to make Hajj and Umrah pilgrimages more accessible. This collaboration brings together Zindigi’s user-friendly digital platform with 5th Pillar’s established Hajj and Umrah saving plans including the end-to-end value chain. This…
SBP enables QR Code payment mechanism to buy sacrificial animal for Eidul Azha 2024
Karachi: State Bank of Pakistan (SBP) is all set to facilitate people purchasing sacrificial animals using QR code payment mechanism at cattle markets nationwide on the upcoming Eid-ul-Azha, expanding the application of payments through Raast Instant Payment System. The initiative is being taken to help people and merchants to securely make payments, besides helping banks…
USD continues to strengthen against PKR
Karachi, May 21, 2024: On Tuesday, the Pakistani Rupee lost 9 paise against the US dollar in interbank trading, closing at Rs 278.38 compared to the previous day’s close of Rs 278.29. The previous day, the Pakistani Rupee lost 9 paise against the US dollar in interbank trading, closing at Rs 278.29 compared to the…