Karachi, April 30, 2024 : Pakistan’s foreign exchange reserves experienced a decline of $9.32 million for the week ending April 19. The State Bank of Pakistan (SBP) reported that as of April 19, the country’s domestic foreign exchange reserves stood at $13.28 billion. SBP’s own foreign exchange reserves experienced a significant decrease, falling by $7.35…
Islamabad , April 30, 2024: Ghazanfar Azzam has decided to step down as the President and CEO of Mobilink Bank after 12 years of service. Under his leadership, Mobilink Bank has experienced remarkable growth and solidified its position as a leader in the Microfinance sector. He helped the Bank undergo rapid digital transformation to strengthen…
Karachi, April 29, 2024 : On Monday, the State Bank of Pakistan (SBP) opted to maintain the policy rate at 22 percent for the seventh consecutive session. The announcement followed a meeting of the bank’s Monetary Policy Committee (MPC). In its statement, the MPC emphasized the importance of maintaining the current monetary policy stance to…
Karachi: The Institution of Banking Mohtasib Pakistan (BMP) has provided relief amounting to Rs 1.26 billion to the Banking Customers by disposing of 25,493 complaints against commercial banks during the calendar year 2023. Addressing a press conference at the Institute of Bankers Pakistan, the Banking Mohtasib Pakistan, Mr. Sirajuddin Aziz today said that out of…
Islamabad , April 22, 2024: Living up to its standing as a responsible corporate entity, Pakistan’s leading digital microfinance bank, Mobilink Bank, carried out a nationwide plantation drive to help enhance the country’s forest cover as well as mitigate the looming impacts of climate change. Mobilink Bank’s teams from all 109 branches nationwide participated in…