Banking
KMBL and HBL Konnect Sign Agreement
Karachi, September 18, 2023: The Khushhali Microfinance Bank Limited and HBL Konnect have signed an agreement, enabling payments for Khushhali Bank customers through HBL Konnect branchless banking and agents network across Pakistan. The agreement marks a significant step taken by KMBL to incorporate partners from the digital payments industry to transform its infrastructure, thereby facilitating…
SBP keeps policy rate unchanged at 22pc as inflation trends downward
Karachi, September 14, 2023: The Monetary Policy Committee of State Bank of Pakistan (SBP), in a meeting held on Thursday, decided to keep the policy rate unchanged at 22 percent as latest inflation trends is on declining path since reaching its peak of 38 percent in May to 27.4 percent in August 2023. Despite recent…
UBL to establish Exchange Company
KARACHI, September 12, 2023: Pakistan’s leading bank-United Bank (UBL) has announced to sale of United National Bank Limited UK (UNBL UK) to Bestway Group, and the establishment of an Exchange Company. According to a notice to the Pakistan Stock Exchange (PSX), the management has informed that UBL board approved the sale of its 55% stake…
JS Bank and State Life Forge Strategic Alliance to provide Financial Solutions for Customers and Employees
Karachi, September 12, 2023 – State Life Insurance Corporation of Pakistan (SLIC) and JS Bank Limited have signed a Memorandum of Understanding (MoU) to provide seamless financial and insurance services to their customers and employees. Through this agreement, JS Bank will provide innovative transaction banking solutions including cash management and employee banking services to SLIC,…
aiBANK launches Upfront-Interest time deposit with an advance return of up to 15%
This step reflects the bank’s vision to provide innovative and diverse banking products that meet the needs of various customer segments and enhance the bank’s position in the banking services market. Cairo, 6 September, 2023: aiBANK, a leading provider of integrated retail, corporate, and Islamic banking solutions in Egypt, announced the launch of the upfront-interest…