Business
BMP progressive credits clean sweep in FPCCI elections to Sindh chambers, and associations
Karachi, January 01, 2024 : Adeel Siddiqui, Coordinator of Businessmen Panel Progressive (BMPP), attributed the clean sweep in the Federation of Pakistan Chambers of Commerce & Industry (FPCCI) elections to the pivotal role played by the Chambers of Commerce & Industry of Sindh, supported by the Associations. He highlighted that the successful candidates achieved a…
JS Bank reflects on the year of progress and growth
Karachi, January 01, 2024: As the year 2024 begins, JS Bank, one of the fastest-growing banks in Pakistan, reflects on its journey of progress and growth to provide the best-in-class services to its customers. In a year full of memorable highlights, the acquisition of BankIslami was a major milestone for JS Bank, reiterating its commitment…
Mobilink Bank closes 2023 with 41% increase in MSME disbursements
Islamabad, January 01, 2024 : Mobilink Bank stood out for its commitment to empowering Micro, Small, and Medium Enterprises (MSMEs), constituting a significant 36% of its total loan portfolio and a noteworthy MSME Growth (YoY) of 41% in 2023. The Bank strongly advocates for social mobility, especially in empowering MSMEs and women across remote rural…
Rising trend of digital payment in Pakistan’s retail landscape (Q1 FY24)
Quarterly Payment Systems Report for the quarter Q1 of FY2023-24 is released by the State Bank of Pakistan (SBP), highlighting key advancements within the country’s payment ecosystem and providing an inclusive overview of digital transactional activities. As of quarter-end, there were 33 Banks, 11 Microfinance Banks (MFBs), 4 Electronic Money Institutions (EMIs) and 5 Payment…
SBP launches SUNWAI – A facilitative portal for consumer complaints
In continuation of ongoing efforts to strengthen the banking sector’s efficiency and fairness in complaints handling and to address the issues faced by banking customers in complaints lodgment, the State Bank of Pakistan (SBP) has launched ’Sunwai’ – a customer complaint service portal and app. ‘Sunwai’ serves as a one-window operation for banking customers to…