Banking
BankIslami Sets New Standards with Launch of Secure and Accessible Mobile Banking App
Karachi, 12 November 2024: In a significant move for digital banking in Pakistan, BankIslami has launched a revamped mobile app that combines advanced security features with user-friendly functionality, marking a new era in secure and accessible banking for customers nationwide. This redesigned app offers a comprehensive suite of banking services, designed to empower users to…
Governor SBP Stresses the Need for Increasing Credit Allocationto Climate-Resilient Projects
KARACHI, November 08 2024: The Governor of the State Bank of Pakistan (SBP) emphasized the need to substantially increase credit allocation to projects that enhance climate resilience and promote environmentally sustainable growth. “It is essential that we leverage our financial sector’s potential to align with the global shift toward sustainability, thereby contributing to both our…
Jazz’s Garaj Partners with Standard Chartered Bank to Establish Regional Availability Zone
KARACHI, November 07, 2024: Garaj, Pakistan’s leading cloud services and cybersecurity solutions provider by Jazz, has partnered with Standard Chartered Bank to create a regional availability zone in Pakistan. This strategic initiative will enhance Standard Chartered’s operational resilience and customer experience across multiple countries, reinforcing its commitment to digital transformation and streamlined global data centre…
BankIslami’s Vision of ‘Saving Humanity from Riba’ Resonates with Pakistan’s Diverse Communities
KARACHI, November 06 2024: BankIslami, a leading Islamic financial institution in Pakistan, has launched a significant initiative to promote its riba-free (interest-free) banking services to individuals of diverse backgrounds and faiths underscoring the bank’s commitment to ethical and inclusive banking practices. Riba, or interest, is prohibited in many religions due to its perceived unjust nature….
Meezan Bank Inks Agreement to Join the International Islamic Trade Finance Corporation
Karachi, November 05 2024: Meezan Bank, Pakistan’s leading Islamic bank has signed a new strategic partnership with the International Islamic Trade Finance Corporation (ITFC), a member of the Islamic Development Bank (IsDB) Group, under the ITFC Letter of Credit (LC) Confirmation product. This product facilitates trade flow by allowing exporters and issuing banks to gain…