Banking
Governor SBP Emphasizes Support for Women Entrepreneurs at Women Entrepreneurship Day
KARACHI, November 19 2024: The Governor of the State Bank of Pakistan (SBP), Jameel Ahmad, stressed the critical importance of empowering women entrepreneurs, highlighting that they currently account for less than 10% of total borrowers and hold only 26% of bank accounts. The SBP organized Women Entrepreneurship Day on November 19, 2024, in Karachi, reaffirming…
TPL Insurance and Samba Bank Partner to Launch Groundbreaking Digital Transaction Insurance
KARACHI, November 18 2024: In a pioneering collaboration, TPL Insurance Ltd. has teamed up with Samba Bank Limited to launch a cutting-edge digital transaction insurance product. This new offering aims to protect Samba Bank’s customers from digital transaction risks such as account hijacking, unauthorized transactions, social engineering, and ATM theft. As Pakistan’s leading Insurtech provider,…
State Bank Suspends Authorization of Islamabad Exchange Company
KARACHI, November 15, 2024: The State Bank of Pakistan (SBP) has taken strict action against M/s Islamabad Exchange Company (Pvt.) Limited, suspending its authorization with immediate effect due to violations of SBP’s rules and regulations. As a result of this suspension, the exchange company, along with its head office and authorized branches, has been barred…
Meezan Bank and CashNow Set New Standards in Islamic Supply Chain Finance
KARACHI, November 13, 2024: Meezan Bank, Pakistan’s premier Islamic bank, has partnered with CashNow, the country’s leading supply chain finance platform, to introduce an innovative Shariah-compliant digital supply chain finance solution. The collaboration was formalized through a Memorandum of Understanding (MoU) signed at Meezan Bank’s Head Office, and attended by senior representatives from both organizations….
Standard Chartered Bank Pakistan Enhances Airline Industry Efficiency
KARACHI, November 12 2024: Standard Chartered Bank (SCB) Pakistan has made a significant stride in the financial and travel sectors by launching a customized IATA EASY PAY solution tailored specifically for Pakistan’s market. This innovative solution aims to simplify the billing and settlement process for IATA (International Air Transport Association) Agents, transforming how airline tickets…