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Engro Fertilizers and MCB Bank introduce first Electronic Bank Guarantee solution in Pakistan

The Biz Update4 years ago1 year ago03 mins

Karachi, September 08, 2020: Engro Fertilizers Ltd and MCB Bank Ltd have partnered to accelerate digitization of financial products and developed Pakistan’s first-ever solution to electronically manage bank guarantees. With businesses adopting virtual operations and enforcing minimal physical interaction in the wake of COVID-19, Engro Fertilizers Ltd engaged MCB Bank Ltd, one of the leading…

Meezan Bank has successfully launched electronic subscription to IPOs

The Biz Update4 years ago02 mins

Karachi August 05, 2020: Meezan Bank, Pakistan’s first and largest Islamic bank has successfully launched electronic subscription to IPOs (Initial Public Offerings) for its corporate customers via CDC’s (Central Depository Company) newly launched Master TREC Module in Centralized eIPO System (CES). Using Master TREC in CES, Meezan Bank will allow registered Master TREC Holders (Brokerage…

Business

Regulations for Electronic Money Institutions launches in Pakistan

The Biz Update6 years ago04 mins