Meezan Bank Launches PayPak


Local banks are continuously working for local payment platform, PayPak, as Meezan Bank being Pakistan’s first and largest Islamic bank, has joined hands with 1LINK (Guarantee) Limited to issue Meezan Bank debit cards PayPak. PayPak is Pakistan’s first Domestic Payment Scheme that aims to provide an indigenous alternative to international payment More...

by Zonaira Chaudry | Published 7 months ago
Saudi Arabias first female
By Zonaira Chaudry On Wednesday, February 22nd, 2017

Saudi Arabias first female commercial bank CEO

Rania Nashar was named Saudi Arabias first female commercial bank CEO of Samba Financial Group, becoming the first female CEO of a listed Saudi commercial bank in line with the government’s economic and social More...

Bahria Town to acquire investment bank
By Zonaira Chaudry On Monday, February 13th, 2017

Bahria Town to acquire investment bank

Bahria Town to acquire investment bank, it recently declared that a majority shareholding in Escorts Investment Bank, a non-banking finance company will be acquired by Bahria Town. Bahria Town, the real state company More...

New Chairman of Bank Alfalah
By Zonaira Chaudry On Saturday, January 21st, 2017

New Chairman of Bank Alfalah is Sheikh Nahyan

The founder of Bank Alfalah Limited has taken over the bank control as new chairman of Bank Alfalah. Sheikh Nahyan Bin Mubarak Al Nahyan has replaced his brother Sheikh Hamdan Bin Mubarak Al Nahyan. With Pakistan More...

dubai islamic bank selling stakes
By Sataish Umair On Friday, January 6th, 2017

Dubai Islamic bank selling stakes to Jordan Dubai Islamic Bank

Dubai Islamic Bank (DIB) is one of the largest banks in the UAE that is known today. The news for Dubai Islamic Bank selling stakes to Jordan Dubai Islamic Bank (JDIB) have surfaced now. The development has been More...

burj bank sales
By Sataish Umair On Wednesday, December 14th, 2016

Alkhair Bank acquired as Burj Bank sales after approval

The Burj Bank is a subsidiary of Bahrain’s Al Baraka Banking Group that has recently got Burj Bank sales. The sale is in the form of another bank that has received approval for selling from the SBP. The approval The More...

mcb and nib
By Sataish Umair On Friday, December 9th, 2016

MCB and NIB Bank decide to operate as a single entity

MCB and NIB banks have announced their merger this Wednesday to operate as a single entity. Majority of shareholders of NIB have agreed to have one share of MCB in exchange for 140 of their shares. However, the More...

bank account opening
By Sataish Umair On Thursday, November 24th, 2016

NTN is NOT mandatory in bank account opening now

The Anti-Money Laundering and Combating the Financing of Terrorism (AML/CFT) Regulations have been amended by the SBP today. The State Bank of Pakistan has now directed banks not to refuse banking services due More...

weakest currencies
By Sataish Umair On Thursday, November 17th, 2016

The list for the weakest currencies of the world is here

There is no doubt that when it comes to strong currencies then the Pound, Euro, and Dollar comes to one’s mind straight away. However, if someone asks you of the weakest currencies then you have no sure shot More...

pakistan banking sector
By Sataish Umair On Tuesday, November 1st, 2016

Pakistan Banking sector grows more than before

The Pakistan banking sector might be experiencing a bit of pressure on its profits because of decreasing interest rates in 2016. However, it has grown by 16.1% during the year as the outlook came stable with increased More...