Karachi, March 19, 2021: The Monetary Policy Committee (MPC), in its meeting on 19th March 2021, has decided to maintain the policy rate at 7 percent. The MPC noted that since the last meeting in January, growth, and employment have continued to recover and business sentiment has further improved. While still modest, at around 3…
Karachi, February 04, 2021: The Board of Directors of Bank Alfalah Limited in its meeting held on February 3, 2021, approved the Bank’s audited financial statements for the year ended December 31, 2020. The Bank reported an operating profit of Rs. 25.468 billion, marginally higher than last year, despite lockdown in the country and the…
Karachi, December 11, 2020: Mobilink Microfinance Bank (MMBL), the largest microfinance bank in Pakistan with over 700,000 individual and micro-enterprise loans, 800,000 digital nano loans, and 10 million-plus active JazzCash digital wallets, has been recognized by PACRA, Pakistan’s leading Credit Rating Agency, as maintaining a ‘Stable Outlook’ and additionally, has not been listed on the…